Due to the increase in connected health devices and remote patient monitoring.
The Saudi Arabian medical Internet of Things (IOMT) market is expected to reach USD 244.47 million by 2030, with a CAGR of 22.70%.
According to a report from ResearchandMarkets.com, the market will be worth $71 million in 2024, which will be driven by the increasing adoption of connected medical devices and remote patient monitoring solutions.
“In addition, the Saudi Arabian government attaches great importance to the digital healthcare transformation, promoting initiatives to encourage the integration of IoT technologies in the healthcare sector,” it said.
Covid-19-19 also demonstrates the importance of telehealth care solutions, prompting domestic and international companies to take advantage of these opportunities.
ResearchAndMarkets.com points out that the Riyadh region has become a major player in the Saudi Arabian medical matter market.
It is a hub for healthcare institutions, research institutions and government healthcare programs. It also contains a variety of research and academic institutions, helping it attract investment in IOMT technology, research and development.
“The Covid-19 pandemic that accelerates telemedicine and remote patient monitoring has played a key role in enhancing Riyadh’s dominance as healthcare providers quickly adopt IOMT technology to meet the rapid demand for virtual healthcare services,” ResearchAndMarksets .com.
It added: “In view of these factors, Riyadh maintains its leading position in the Saudi Arabian IOMT market as a technology hub and a major healthcare service provider during the forecast period.”
