All eyes are on Saudi Arabia as the country has not only sparked global interest after rolling out investments in healthcare as part of its Healthcare Sector Transformation Program aligned with Vision 2030 but also continues to demonstrate its prowess in setting up future-ready ventures and regulations to support homegrown talent as well as regional and international investors.
For instance, the recent announcement about a collaboration between UAE-based healthcare investor Amanat Holdings, and KSA-based infrastructure developer Mada International to establish long-term care and rehabilitation services as part of the Saudi Ministry of Health’s Public-Private Partnership projects is one of many alliances set to elevate the country’s healthcare landscape.
Related: Webinar: Digitalisation creates a collaborative environment in Saudi healthcare
As similar agreements and mutual interests flow into Saudi Arabia’s healthcare ecosystem, the market is set to see a prosperous market evolution and return on investments, led by tech-driven initiatives. Integrated data and statistics provider Research & Markets forecasts a lucrative healthcare diagnostics market in Saudi Arabia worth US$23.39 billion by 2027 as reported by Arabian Business. A market study by Technavio further shows that the Saudi healthcare IT market size is estimated to rise by US$1.60 billion between 2022 and 2027, at a compound annual growth rate of 9.06 per cent. In short, opportunities lie in medical equipment, digital health, bio, and pharmaceuticals, as well as health insurance.
Innovations in the healthcare business are aplenty and time is of the essence. There is a never-ending need for patient safety and training, securing state-of-the-art treatment options, and bridging gaps between local and international players — all the while inspiring change and promoting sustainability. Leading this journey is Global Health Exhibition, taking place at the Riyadh Front Exhibition & Conference Center in Saudi Arabia between October 29 and 31.
The event is a celebration of medical entrepreneurship, knowledge exchange, and networking opportunities, where healthcare business leaders and key decision-makers from both Saudi Arabia as well as the GCC region and abroad have come together to demonstrate their industry expertise, highlight experience and success stories, and interact on a dynamic platform to pave the path forward and advance healthcare.
Related: Entering New Markets: Navigating Saudi Arabia's Medical Technology Frontier
With a line-up of dedicated business and health-centric zones, eight conferences led by renowned keynote speakers, and a plethora of exhibitors showing breakthrough innovation in healthcare, the Global Health Exhibition is a testament to Saudi Arabia’s potential to reach greater heights in the pursuit of well-being.
To help visitors gain experiences relevant to their focus areas, the free-to-register conferences are conveniently divided into Leaders in Healthcare Summit, Future of Radiology, Nursing, Future of Clinical Lab, Joint Commission International (JCI), Future of Preventative Care, Health Finance and Revenue Cycle Management (RCM), and Quality in Healthcare.
The Health Investment Zone, themed “Investing in Health: Saudi’s Global Impact”, is among the exclusive features to look forward to at the Global Health Exhibition, as it provides an interactive platform aimed to guide investors through a booming market and introduce them to evolving trends, shifts in regulations as well as government framework and initiatives and the current landscape of health tourism in Saudi Arabia.
As expert voices of the industry take centrestage, topics ranging from ‘Leveraging privatisation to enhance Saudi Arabia's healthcare system’ to ‘Private equity’s bet on healthcare – a global perspective,’ to name a few, would appeal to both C-level executives, entrepreneurs, policy experts and consultants with informative updates.
The Innovation and Transformation Zone will lead under the theme of advancing healthcare, ready to reveal world-class discoveries and technological solutions in healthcare alongside expert insights and future predictions. This would cover digital diagnostics, women’s health, strategies to build tech-enabled services for the healthcare industry and highlight the coming of a rising trend — artificial intelligence paired with extended reality (AI and XR).
Transformation remains a buzzword in the world of healthcare with Saudi Arabia and the Eastern Mediterranean Region noting a rise in new roles and expectations. The “Healthcare Finance and RCM: Transformation 2030 and beyond”, hosted by Healthcare Financial Management Association, is a dedicated one-day bootcamp hosted by the meant to give finance leaders, directors, analysts as well as physicians and hospital administrators a peek into taking existing processes to the next level.
Future of Clinical Lab is also a not-to-be-missed conference targeted at medical laboratory dealers and distributors, laboratory professionals and end-users. This section will feature trending topics led by experts, notably Saudi Arabia-based specialists from the Saudi Arabia Ministry of Health, Riyadh Regional Laboratory and Blood Bank, Prince Sultan Military Medical City, and King Fahad Medical City, Riyadh Second Health Cluster. ‘Diagnostic Innovations: Shaping the Future of Clinical Laboratories;’ ‘Point of Care Testing and Digital Health;’ ‘The Impact of Quality on Bedside Testing;’ and ‘Preparing for and Preventing the Next Pandemic’ are among the subjects up for discussion.
From an exhibition standpoint, attendees will have the opportunity to explore the latest advancements in imaging and diagnostics, information technology, disposable and consumer goods, laboratory, medical equipment and devices, infrastructure, as well as pharmaceuticals and nutrition. This is an exciting opportunity to gain market insights, understand the potential and limitations of market access through direct contact with suppliers and distributors, and seek one’s relevance within the healthcare industry — whether business and operations are based in Saudi Arabia or across the continent.
Much more awaits at the Global Health Exhibition in Riyadh this year. Register now to learn, network, and lead your business and practice into a revolutionary healthcare market.
Also, join industry experts in learning more about the latest trends in Saudi Arabia's healthcare industry by accessing the webinar "How innovation and tech are fuelling investment in Saudi Arabia's healthcare market."
