Saudi Arabia Digital Patient Monitoring Devices Market Size & Outlook
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- Digital Patient Monitoring Devices Market Outlook
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Saudi Arabia digital patient monitoring devices market highlights
- The Saudi Arabia digital patient monitoring devices market generated a revenue of USD 441.2 million in 2023 and is expected to reach USD 2,012.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 24.2% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
Digital patient monitoring devices market data book summary
| Market revenue in 2023 | USD 441.2 million |
| Market revenue in 2030 | USD 2,012.6 million |
| Growth rate | 24.2% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global digital patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa digital patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,012.6 million by 2030.
The Saudi Arabian digital patient monitoring devices market is expected to rapid growth due to the growth in the geriatric population, increasing incidences of chronic diseases, and rising preference for remote and home monitoring.
There is a growing prevalence of chronic illnesses in Saudi Arabia and contributed to nearly 60% of all premature deaths in 2016, which is estimated to rise to around 73% in upcoming years. Of these, hypertension and diabetes are frequent, with prevalence rates of 26%, and 23% respectively.
Hence, the rising prevalence of chronic diseases is linked to an aging society and lifestyle choices, such as diet, smoking, and lack of exercise. Thus, with the growth in chronic diseases, there is increasing demand for patient monitoring devices that prevent avoidable hospitalizations and help to reduce readmissions.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | www.fitbit.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
Saudi Arabia Digital Patient Monitoring Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Digital Patient Monitoring Devices Market Outlook will help companies and investors design strategic landscapes.
Wearable Devices was the largest segment with a revenue share of 31.3% in 2023.
Horizon Databook has segmented the Saudi Arabia digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabian digital patient monitoring devices market is expected to rapid growth due to the growth in the geriatric population, increasing incidences of chronic diseases, and rising preference for remote and home monitoring.
There is a growing prevalence of chronic illnesses in Saudi Arabia and contributed to nearly 60% of all premature deaths in 2016, which is estimated to rise to around 73% in upcoming years. Of these, hypertension and diabetes are frequent, with prevalence rates of 26%, and 23% respectively.
Hence, the rising prevalence of chronic diseases is linked to an aging society and lifestyle choices, such as diet, smoking, and lack of exercise. Thus, with the growth in chronic diseases, there is increasing demand for patient monitoring devices that prevent avoidable hospitalizations and help to reduce readmissions.
- Saudi Arabia Digital Patient Monitoring Devices Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wireless Sensor Technology
- mHealth
- Telehealth
- Wearable Devices
- Remote Patient Monitoring
- Saudi Arabia Digital Patient Monitoring Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostic Monitoring Devices
- Therapeutic Monitoring Devices
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia Digital Patient Monitoring Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Digital Patient Monitoring Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Digital Patient Monitoring Devices Market, 2018-2030 (US$M)
Saudi Arabia Type - Digital Patient Monitoring Devices Market Statistics, 2023 - 2030 (US$M)
