Saudi Arabia Internet of Medical Things Market is expected to register a 22.7% CAGR through 2030F
The Saudi Arabia Internet of Medical Things (IoMT) market is rising due to increased adoption of connected healthcare devices and the government's focus on digital healthcare transformation during the forecast period 2026-2030F.
According
to TechSci Research report, “Saudi Arabia Internet of
Medical Things Market – By Region,
Competition, Forecast and Opportunities, 2030F”, Saudi Arabia Internet of Medical Things Market has valued at USD 71 million in 2024 and is expected to reach USD 244.47 Million in 2030 and project robust growth in the forecast period with a CAGR of 22.7% through 2030. Telehealth and remote patient monitoring are key drivers behind the growth of the Internet of Medical Things (IoMT) market in Saudi Arabia. These technologies leverage the power of connected devices, data analytics, and real-time monitoring to revolutionize healthcare delivery, particularly in remote and underserved areas. Telehealth enables healthcare providers to deliver virtual consultations, remote diagnoses, and treatment plans, eliminating the need for in-person visits and reducing healthcare costs. The IoMT facilitates seamless communication and data exchange between patients and healthcare professionals, enabling remote patient monitoring of vital signs, medication adherence, and disease progression. This real-time monitoring allows for early detection of health issues, timely interventions, and personalized care management. By leveraging telehealth and remote patient monitoring, the IoMT enhances access to healthcare services, improves patient outcomes, and increases efficiency in the healthcare system. As the demand for telehealth and remote patient monitoring continues to rise in Saudi Arabia, the IoMT market is expected to grow, presenting significant business opportunities for market players in the healthcare industry. By investing in innovative IoMT solutions and infrastructure, companies can position themselves at the forefront of this transformative healthcare trend, contributing to the advancement of healthcare delivery and improving the overall well-being of the population in Saudi Arabia.
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The Jeddah region is emerging as the fastest-growing area in the Saudi Arabia Internet of Medical Things (IoMT) market due to several strategic factors driving its rapid adoption and expansion of advanced healthcare technologies. Jeddah's status as a major economic and healthcare hub in the Kingdom positions it at the forefront of adopting innovative medical technologies, including IoMT. The city boasts world-class healthcare facilities, research institutions, and a skilled healthcare workforce, making it conducive to the integration of IoMT solutions aimed at improving patient care, enhancing operational efficiency, and advancing medical research. Jeddah's proactive approach towards healthcare digitization aligns with Saudi Arabia's Vision 2030 initiative, which emphasizes transforming the healthcare sector through digital innovation. Vision 2030 aims to enhance healthcare services, promote preventive care, and leverage technology to achieve better health outcomes for the population. IoMT plays a crucial role in realizing these goals by enabling remote patient monitoring, real-time health data analytics, and personalized treatment plans. The adoption of IoMT solutions in Jeddah facilitates proactive healthcare management, reduces healthcare costs, and enhances patient engagement and satisfaction. Jeddah's vibrant ecosystem of healthcare startups, technology providers, and academic institutions fosters innovation and collaboration in IoMT development and implementation. Startups and research centers in Jeddah are leveraging AI, machine learning, and big data analytics to develop cutting-edge IoMT devices and platforms tailored to meet the specific healthcare needs of the region. This innovation-driven environment accelerates the deployment of IoMT solutions across healthcare facilities, promoting efficiency in medical operations and improving the overall quality of patient care. Jeddah's strategic geographical location and connectivity make it a key player in medical tourism, attracting patients from across the Kingdom and beyond. IoMT technologies enhance the patient experience by enabling seamless communication between healthcare providers and patients, facilitating remote consultations, and ensuring continuity of care. This capability is particularly valuable in managing chronic diseases, post-operative care, and elderly healthcare, where continuous monitoring and timely interventions are critical.
In 2024, Based on Application, the
Telemedicine segment emerged as the dominant force in the Saudi Arabia Internet
of Medical Things (IoMT) market, and this trend is expected to persist during
the forecast period. Telemedicine, which enables remote healthcare
consultations, has experienced rapid adoption due to its ability to bridge
geographical gaps, improve patient access to healthcare services, and enhance
the efficiency of medical consultations. The COVID-19 pandemic significantly
accelerated this trend, prompting a surge in telemedicine adoption across the
country as patients sought safe and convenient ways to access healthcare
services. Telemedicine offers
several advantages, such as enabling patients to consult with healthcare
providers from the comfort of their homes, reducing the burden on hospitals and
clinics, and improving healthcare accessibility, particularly in remote or
underserved areas. As the Saudi government continues to invest in healthcare
infrastructure and digital transformation through initiatives like Vision 2030,
the Telemedicine segment is expected to maintain its dominance in the IoMT
market. Additionally, the evolving healthcare landscape, coupled with the
increasing preference for telehealth services among patients and healthcare
providers, positions telemedicine as a pivotal application of IoMT in Saudi
Arabia, with its influence extending well into the forecast period.
Key market players in the Saudi Arabia Internet
of Medical Things Market are:
- Koninklijke Philips N.V.
- General Electric Company
- Siemens AG
- Cisco Systems, Inc.
- IBM Corporation
- Honeywell International Inc.
- Microsoft Corporation
- Oracle Corporation
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“The Internet of Medical Things (IoMT) market in Saudi Arabia presents significant growth opportunities, driven by the country’s Vision 2030 initiative, which emphasizes digital transformation and healthcare modernization. Increasing healthcare digitization, the adoption of smart devices, and the rising demand for remote patient monitoring open avenues for IoMT innovation. The growing prevalence of chronic diseases and an aging population further elevate the need for connected healthcare solutions. Additionally, favorable government policies, investments in health infrastructure, and the rise of private-public partnerships facilitate market expansion.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
global management consulting firm.
“Saudi Arabia Internet of Medical Things Market By End-use (Homecare, Hospitals, Clinics, Research Institutes & Academics, Others), By Component (Hardware, Software, Services), By Deployment (Cloud, On-premise), By Application (Telemedicine, Clinical Operations & Workflow Management, Connected Imaging, Medication Management, Inpatient Monitoring, Others), By Region, Competition, Forecast and Opportunities,
2020-2030F,” has evaluated the future growth potential
of Saudi Arabia Internet of Medical Things
Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Internet of Medical Things Market.
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