Saudi health care market is set to reach $27bn by 2020

The Saudi health care market is set to grow by 69% from $16 billion in 2015 to $27 billion by 2020.

Image used for illustrative purpose Nurses walk in the emergency department at Al-Noor Specialist Hospital in Mecca .

Image used for illustrative purpose Nurses walk in the emergency department at Al-Noor Specialist Hospital in Mecca .

REUTERS/Muhammad Hamed
07 June 2016
RIYADH: Digital health care innovations are key for supporting Saudi Vision 2030, and the rapidly-growing Saudi health care market is set to reach $27 billion by 2020, say industry experts.

The Kingdom's health care sector transformation is being guided by the over-arching Saudi Vision 2030 and National Transformation Plan, along with the Ministry of Health's National Healthcare Project and National e-Health Strategy.

As a result, the Saudi health care market, the largest in the GCC, is set to grow by 69 percent from $16 billion in 2015 to $27 billion by 2020, according to a recent report by Alpen Capital.

Supporting Saudi Vision 2030's goals for greater private sector health care participation, Dr. Abdul Rahman Al-Mishari Hospital has announced a partnership with global enterprise software company SAP on digital health care solutions.

"Al-Mishari Hospital faced an increasing number of patients and reporting requirements. With the Kingdom's population and ailments continuing to increase, Al-Mishari Hospital's partnership with SAP provides data-driven insights to help drive innovation and planning, and support Saudi Vision 2030," said Mohammed Abdul Rahman Al-Mishari, vice chairman of Dr. Abdul Rahman Al-Mishari Hospital, claimed as the Kingdom's first and leading private hospital.

The first hospital in the Kingdom running SAP solutions, Al-Mishari Hospital has deployed the in-memory SAP HANA computing platform and SAP Healthcare Information Systems. This real-time digital platform enhances collaboration, operations, and planning and enabling personalized health care solutions such as automated appointments, digital patient records, and telemedicine.

"The Kingdom of Saudi Arabia is at the forefront of health care innovation, with the private sector playing an increasing role in supporting federal health care goals. Al-Mishari Hospital is demonstrating global best practices in using real-time insights to enhance the patient experience and reduce costs," said Ahmed Al-Faifi, MD, SAP Saudi Arabia.

Khaled Moussa, chairman of Smart Consulting Solutions, the company that will deploy the SAP system, outlined the project's objectives and scope, saying that the project is of high significance and a top priority, with the aim of installation being prompt and precise.

"We believe that the SAP project is in line with the hospital's efforts to drive innovation with the latest developments in the global health care sector, and thus achieve its current and future strategic objectives," said Moussa.

Vice Minister of Health Hamad bin Muhammad Al-Duweila' recently praised private hospitals, including Al-Mishari Hospital, for supporting the Kingdom's health care sector.

Demonstrating global best practices, Al-Mishari Hospital has received accreditation from organizations such as Accreditation Canada, American Academy of Continuing Medical Education, American Hospital Association, Joint Commission International, and International Hospital Federation.

© Arab News 2016

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