Healthcare IT Market in Saudi Arabia 2015-2019
About Healthcare IT
Over the years, businesses in Saudi Arabia have been adopting advanced technologies and IT integration solutions to enhance their operations and revenue. With more and more operations being enabled and enriched by innovative IT applications and solutions, IT has become a key enabler of business functions. This trend is also being witnessed in the healthcare sector in Saudi Arabia. The need to maintain a standard record format has led to the transformation of traditional medical records to electronic health records. Implementation of the policy that makes insurance mandatory is also contributing to the growth of this market. The need to track common ailments has also intensified the need for IT. In addition, the inherent benefits of IT, such as process efficiency, cost-effectiveness, mobility, and accessibility are all driving its adoption.
TechNavio's analysts forecast the healthcare IT market in Saudi Arabia to grow at a CAGR of 12.28 percent over the period 2014-2019.
Covered in this Report
This report provides an overview of the healthcare IT market in Saudi Arabia. The market is segmented into: hardware, software, and services.
TechNavio's report, Healthcare IT Market in Saudi Arabia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the healthcare IT market landscape in Saudi Arabia and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Healthcare IT Market in Saudi Arabia 2015-2019
Technavio recognizes the following companies as the key players in the healthcare IT market in Saudi Arabia: GE Healthcare, Hewlett-Packard Co. (HP), IBM Corp., Intel Corp., InterSystems Corp., Oracle Corp. and Siemens Healthcare
Other Prominent Vendors in the market are: 3M, Agfa Heathcare, Al Faisaliah Medical Systems, Bytes Healthcare Solutions, Cerner, Cigna Global Health, EIPICO , GMC, Honeywell, Roche Group, TIBCO Software
Commenting on the report, an analyst from Technavio’s team said: “Emergence of mobile health solutions is one of the major trends upcoming in the market. Mobile devices allow healthcare providers to send information and reminders to patients, and allow doctors to monitor patients in remote locations and transmit data digitally through applications.”
According to the report, adoption of technology for operational effectiveness is one of the key drivers in the market. Saudi Arabia is making huge investments in cloud, mobility, virtualization, telemedicine, and remote patient monitoring. These technologies offer various benefits to healthcare solution providers.
Further, the report states that advances in healthcare, coupled with a surge in pharmaceutical prices, have led to an increase in overall healthcare costs. This has deterred providers from investing in expensive IT system implementation.
GE Healthcare, Hewlett-Packard Co. (HP), IBM Corp, Intel Corp, InterSystems Corp, Oracle Corp, Siemens Healthcare, 3M, Agfa Heathcare, Al Faisaliah Medical Systems, Bytes Healthcare Solutions, Cerner, Cigna Global Health, EIPICO , GMC, Honeywell, Roche Group, TIBCO Software