GCC Digital Health Market is expected to witness a double-digit growth by 2027 : Growing Investment Opportunities in KSA and UAE
Digital health refers to the utilization of advanced digital technologies to manage illnesses, diseases and health risks and to enhance the segment of wellness. An emerging scope of digital health includes various healthcare segment such as Telehealth, mHealth Apps, Connected Medical Devices & Services, Electronic Health Records (EHRs), Electronic Medical Records (EMRs), Healthcare Analytics, Digital Therapeutics, etc. Emerging Government Support and Foray of Several Health Tech Startups Triggers the Growth of the GCC Digital Health Market Saudi Arabia accounts for nearly 60% of the GCC countries healthcare expenditure and healthcare still remains a major priority for the Saudi government. In the Budget of 2023, Saudi Arabia intends to further invest USD 50.4 billion (SR189 billion) in Healthcare and Social Development. A large part of the budget is projected to be allocated for digital health to improve accessibility, efficiency, and transparency within the whole healthcar...