Healthcare expenditures in KSA are expected to increase by 16% from SAR 78.63 billion in 2011 to SAR 91.23 billion in 2012, driven by aggressive public sector investments in healthcare facilities. The medical devices sector, on the other hand, will sustain a 17.9 percent growth, reaching SAR 6.53 billion in 2012 from SAR 5.54 billion in the previous year. The increase in healthcare spend has attracted the attention of global healthcare suppliers and manufacturers, while giving KSA’s healthcare sector better access to the latest state-of-the-art medical technologies and value-added services.
Demand for healthcare IT solutions for managing critical data assets has registered considerable growth in KSA in light of the government’s aggressive healthcare expenditure, according to CompuGroup Medical, one of the world’s leading eHealth companies. Taking advantage of the excellent market conditions, CGM has intensified its growth plans in KSA by developing custom-built eHealth solutions that cater to the specific needs of hospitals and other healthcare institutions in KSA.
Eng. Thomas Reitmayr (Vicepresident Business Development CompuGroup Medical Middle East, said: “The aggressive government and private expenditure on healthcare has created a corresponding boost in demand for sophisticated healthcare IT solutions. As hospitals and other medical facilities increasingly use more advanced medical devices and techniques, they likewise need to adopt comprehensive healthcare IT solutions that will enable them to function efficiently and achieve greater productivity. CompuGroup Medical intends to complement the aggressive adoption of modern healthcare technologies in the KSA by providing scalable IT products and solutions that will empower healthcare providers to further raise the quality of their services.”
Before joining SME Advisor, I worked as a producer/reporter for Forbes Media in New York. I obtained a Bachelor’s degree in Journalism and International Studies at the University of South Florida in the US. I am currently in Dubai working as Sub-Editor for SME Advisor Middle East, which is a business magazine published by CPI. You can follow me on Twitter: @joumanasaad or @SMEadvisorME and (Joumana Saad) or (SME Advisor) on LinkedIn.