Healthcare
Since its inception, the Council has played a crucial role in fostering partnerships between U.S. and Saudi healthcare entities, organizing major forums, roundtables, and leading delegations to leading heath exhibitions in the Kingdom. This effort is indicative of the significant transformations underway in Saudi Arabia’s healthcare sector, driven by Vision 2030. With a steadfast focus on enhancing private sector participation and introducing innovative healthcare solutions, the Kingdom is dedicated to meeting the evolving needs of its population.
The U.S.-Saudi Business Council ensured our success at the Global Health Expo Saudi with seamless organization, pre-scheduled meetings, and invaluable insights. Highly recommended for navigating the Saudi market!
Guardian Home Health Care & Hospice, Inc. U.S. delegation to the Global Health Exhibition in Riyadh, October 29-31, 2023
“I extend my sincere gratitude to the U.S.-Saudi Business Council team for their exceptional work during the Global Health Exhibition in Riyadh 2023, showcasing Vitality Advanced Healthcare and facilitating crucial connections in the Saudi market. I highly recommend the U.S.-Saudi Business Council and its team to any organization seeking to establish a meaningful presence in the Saudi market....”
Dr. Yehia Elebrashi, Surgeon & CEO, Vitality Advanced HealthcareU.S. delegation to the Global Health Exhibition in Riyadh, October 29-31, 2023
Overview
Saudi Arabia’s healthcare sector is undergoing significant transformation in its healthcare sector, propelled by its Vision 2030 goals. The focus on increasing private sector participation and the introduction of innovative healthcare solutions underscores the Kingdom’s commitment to meeting the evolving needs of its population. As Saudi Arabia grapples with shifting demographics and lifestyle changes, including a growing elderly population and rising rates of non-communicable diseases, the demand for quality healthcare services continues to escalate.
Saudi Arabia’s healthcare sector accounts for SAR187.6 billion ($50 billion) in annual economic activity and has risen steadily from 3.7 percent of GDP in 2010 to 6.4 percent of GDP in 2018.
The government has guided the healthcare sector’s development through programs such as the National Transformation Plan (NTP) and the Ministry of Health’s (MoH) Transformation Strategy to meet growing demand for health services, control the government’s cost burden, and expand accessibility and quality of national healthcare.
Changing lifestyles and demographics, including a growing population, a greater proportion of elderly Saudis, and a rising occurrence of non-communicable and chronic diseases have placed greater demands on the Kingdom’s healthcare sector.
In response, the Kingdom is prioritizing research and development, local manufacturing capabilities, and the enhancement of clinical care standards. With a focus on sub-sectors such as dental services, digital health, medical devices, pharmaceuticals, elderly care, and specialty clinics, Saudi Arabia is poised to emerge as a dynamic hub for healthcare innovation and investment in the region.
Upcoming Event
Explore opportunities in the Saudi Healthcare sector by visiting Invest Saudi
© 2024 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions