
Global & Romania IoT Medical Devices Market to 2033
Description
Saudi Arabia is experiencing significant growth in the market for IoT medical devices, fueled by its ambitious Vision 2030 initiative, substantial investments in healthcare by the government, and an increasing focus on preventive care for its citizens. According to the General Authority for Statistics, the proportion of older adults (aged 60 and above) ranged from 5.59% to 6.9% of the total population between 2020 and 2022. The overall population is on the rise, and chronic diseases are widespread. A report from GASTAT in 2024 indicated that 18.95% of adults aged 15 and older suffer from chronic conditions, with diabetes (9.1%) and hypertension (7.9%) being the most prevalent.
The Saudi government's Vision 2030 serves as a key driver for advancements in digital health, with over $1.5 billion allocated to technologies such as telemedicine and electronic health records (EHR). Additionally, the government has pledged SAR 214 billion (approximately $57.04 billion) for health and social development in 2024, as reported by Global Health Saudi. In May 2025, Saudi Arabia launched an innovative licensing program for medical software developers, aimed at accelerating the progress of digital health and establishing the Kingdom as a leader in global digital health innovation, according to TV BRICS.
Although the adoption of remote patient monitoring was limited in 2022, there is significant potential for growth, particularly with an aging population and a focus on reducing healthcare expenses, as noted by World Health Expo. Furthermore, initiatives for smart hospitals are also a major factor in this growth. For instance, the King Faisal Specialist Hospital and Research Centre is utilizing multi-modal AI imaging technologies. These strategic investments and technological developments are positioning Saudi Arabia as a prominent center for IoT medical devices in the region.
The Saudi government's Vision 2030 serves as a key driver for advancements in digital health, with over $1.5 billion allocated to technologies such as telemedicine and electronic health records (EHR). Additionally, the government has pledged SAR 214 billion (approximately $57.04 billion) for health and social development in 2024, as reported by Global Health Saudi. In May 2025, Saudi Arabia launched an innovative licensing program for medical software developers, aimed at accelerating the progress of digital health and establishing the Kingdom as a leader in global digital health innovation, according to TV BRICS.
Although the adoption of remote patient monitoring was limited in 2022, there is significant potential for growth, particularly with an aging population and a focus on reducing healthcare expenses, as noted by World Health Expo. Furthermore, initiatives for smart hospitals are also a major factor in this growth. For instance, the King Faisal Specialist Hospital and Research Centre is utilizing multi-modal AI imaging technologies. These strategic investments and technological developments are positioning Saudi Arabia as a prominent center for IoT medical devices in the region.
Table of Contents
128 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Romania IoT Medical Devices Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. IoT Medical Devices Market Key Market Dynamics
- 5.1 IoT Medical Devices Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Romania IoT Medical Devices Market – Analysis
- 6.1 Romania IoT Medical Devices Market Revenue (US$ Million), 2022–2033
- 6.2 Romania IoT Medical Devices Market Revenue and Forecast Analysis
- 7. Romania IoT Medical Devices Market Analysis – by Product
- 7.1 Romania IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Product
- 8. Romania IoT Medical Devices Market Analysis – by Technology
- 8.1 Romania IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Technology
- 9. Romania IoT Medical Devices Market Analysis – by Application
- 9.1 Romania IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by Application
- 10. Romania IoT Medical Devices Market Analysis – by End User
- 10.1 Romania IoT Medical Devices Market – Revenue and Forecast, 2022–2033 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 Medtronic Plc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 GE HealthCare Technologies Inc
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 Koninklijke Philips NV
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Abbott Laboratories
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Boston Scientific Corp
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 Omron Healthcare Inc
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Baxter International Inc
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Siemens Healthineers AG
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Johnson & Johnson
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Dragerwerk AG & Co KGaA
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
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