KSA Vision 2030 marked an elevated role of the Saudi healthcare sector, creating several lucrative opportunities for investors.

While the local population growing, aging and battling different chronic diseases, the government has committed significantly to the growth and modernization of the nation’s healthcare system, encouraging PPPS, private sector participation in the healthcare sector, the privatisation of healthcare services and facilitating the adoption of digital information systems while boosting  rapid advancements in technology and R&D.

Under Vision 2030, the Saudi Arabian Government plans to invest over $65 billion to develop the country’s healthcare infrastructure.  It aims to increase private sector contribution from 40 percent to 65 percent by 2030. The healthcare IT and digital transformation programs is anticipated to grow rapidly as the government has allocated $1.5 billion for healthcare IT.

Also, the Saudi market for medical equipment has an estimated value of $2 billion and is growing annually at approximately 10%. Moreover, the Saudi Arabia pharmaceutical market stands was over  $10 M in 2021 and is expected to reach to almost double in 2028 at a CAGR of 9.3% during the forecast period of 2022-2028,

Amid the fast population growth and in order to tackle the shortage in the healthcare sector, Saudi Arabia will need an additional 20,000 hospital beds, 175,000 doctors, nurses and other healthcare workers by 2030 as well as Specialty Clinics and Ambulatory Care Centers.