New Spending and the Latest Technology Drive Future Growth Potential
The COVID-19 pandemic has led governments worldwide to implement national lockdowns and social distancing measures to mitigate the virus’ spread. The result is a large-scale drop in business confidence, consumer demand, and industrial production, leading to a global economic recession in 2020. The pandemic has impacted the healthcare sector and it has yet to return to full utilization capacity. Most countries have experienced disrupted supply chains, draining healthcare institutions financially and impacting their revenue in Q1 and Q2 2020.
The study covers the pandemic’s impact on Saudi Arabia’s healthcare sector and new opportunities for medical device manufacturers and healthcare service, IT, and communications technology providers in the region. New opportunities include radiology and medical center upgrades, telemedicine, home monitoring services, management platforms for diabetes and cardiovascular diseases (CVD), electronic health records (EHR), and healthcare professionals' training.
Healthcare companies are stepping up to the COVID-19 outbreak induced-challenges. This crisis will change the healthcare sector’s outlook as the focus shifts toward new technologies that will drive the market.
The study includes a comprehensive scenario-based analysis, focusing on the healthcare provider sector across Saudi Arabia to enable clients to sustain amid the present situation and thrive in the future. It highlights the estimated Saudi Arabia Ministry of Health expenditure budget and anticipated new spending budget on potential healthcare segments. Stakeholders need to understand how these healthcare segments will evolve in the future and how vendors can become part of this growing movement. The analyst recognizes the importance of clients remaining on top of their strategic initiatives to achieve and sustain growth.
Information contained in this report includes the following:
- The pandemic’s impact on the Saudi Arabia care pathway
- Key factors influencing the changing healthcare business in achieving the country's Vision 2030
- Drivers and restraints impacting the healthcare sector over the next five years
- Potential growth opportunities and game-changing technologies in the care pathway in the next 2-5 years
- Opportunity segments in Saudi Arabia, their potential, and 5-year revenue outlook
