Vision 2030: Advancement in Healthcare and New Medical Imaging Platform
By MedTech Outlook | Wednesday, February 27, 2019
The advent of technological advancements has changed the conventional notion of healthcare service offering hospitals the chance to combat inherent problems and improve the patient experience. Transparency Market Research (TMR) states that the digital healthcare market will reach $536.6 billion by 2025.
Advanced medical imaging is an essential criterion to build advanced and evidence-based decisions about patient care. 'Kingdom of Saudi Arabia—Healthcare Overview 2018' report, produced by the advisory firm Colliers International depicted the challenges and demands of Saudi Arabia healthcare sector, such as the need for better maternity and pediatric care. These lacks have made the Saudi Arabian market open and lucrative to investors.
Saudi Arabia is the largest country in the Gulf Corporation Council (GCC) and its population is expected to become 77.2 million by 2050, according to the same report. This massive growth in population will compel KSA to rethink the existing healthcare sector, and undoubtedly, the Vision 2030 demands exponential and drastic changes in every sector. The government also encourages foreign investment in the healthcare sector and is aimed at raising $200 billion by 2030 through privatization and NEOM, the futuristic megacity will play a vital role in inviting marketers. According to forecasts by Market Research Future, the medical devices market in KSA will be of $3870 million by 2023.
Saudi Telecom Company or STC has recently made an announcement that it will launch enterprise medical imaging being collaborated with the Ministry of Health at King Fahd General Hospital in Madinah. This platform has the potential to offer improved and advanced healthcare service to patients and will enable the hospitals to provide an immediate report and gather patient data on the cloud platform of STC for further use.
At this time when the whole healthcare sector is struggling to cut down the expenditure, this platform has a vital role to play leveraging staff management feature which ensures better control of human resources. The changing facets of Saudi healthcare sector have propelled the companies to take resort to innovative ideas, and this platform built in collaboration with STC and the Ministry of Health will certainly be helpful to address the healthcare demands of Saudi population.