GCC Digital Health Market is set to witness a healthy growth by 2027 : Major Investment in KSA & UAE

BRUSSELS - July 11, 2023 - PRLog -- Digital Health refers to the application of advanced digital technologies to manage various diseases and health risks and to further enhance and promote wellness. An increasing scope of digital health technologies includes various segments such as Telehealth, mHealth Apps, Connected Medical Devices, EHRs, EMRs, Healthcare Analytics, Digital Therapeutics.

Positive Government Support and Foray of Several Health Tech Startups Triggers the Growth of the GCC Digital Health Market

Saudi Arabia accounts for almost 60% of the GCC countries healthcare expenditure and healthcare still remains a top priority for the Saudi government. In Budget 2023, Saudi Arabia plans to further invest $50.4 billion in the Healthcare and Social Development. Large part of this budget is projected to be directed towards digital health to enrich easy accessibility, efficiency and transparency within the entire healthcare system.

UAE is aggressively implementing the electronic health records (EHR) in its healthcare system. It maintains a paperless health record "Wareed" which reduces all the medication errors and hospital stays, which has improved with the introduction of the new service 'ClinicalKey'.

Rapid Surge in the GCC Digital Health Market Post Covid-19 Pandemic

Due to strict government regulations on social distancing during the COVID-19 pandemic, GCC countries had seen a rapid surge in the application of virtual care solutions, such as online consultations, e-prescriptions, online pharmacies, remote patient monitoring, which is further projected to be the new trend in the Arab world. COVID-19 pandemic had created a fertile environment for all digital health startups. The GCC regions had witnessed the growth of many health tech startups post Covid-19 pandemic.

Competitive Landscape Analysis: GCC Countries Digital Health Market

Some of the leading players operating in the GCC Digital Health Market are listed below: -

• 3M Health Information Systems
• GE Healthcare
• Philips Healthcare
• InterSystems
• Cerner
• Epic Systems
• Altibbi
• Cura Healthcare
• Integrative Health
• Ynmodata
• Labayh
• AlemHealth
• Okadoc
• Vezeeta
• GluCare.Health

The GCC Digital Health Market is poised to gain a consistent momentum in the upcoming years due to an emerging digitalized healthcare environment, growing demand for telehealth, virtual consultations, mHealth, remote patient monitoring, online pharmacies, online fitness classes, diet-management apps, patient condition-management & mental well-being apps, growing adoption of wearable medical devices & rising investments in Healthcare-IT.

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