Saudi's healthcare expenditure up 16pc
Riyadh, February 18, 2013
Saudi's healthcare expenditure soared to $24.35 billion in 2012, up 16 per cent compared to the previous year, thanks to the government's massive funding for e-Health projects and IT-related solutions, said a report.
The Kingdom remains one of the biggest information technology markets in the region with its expenditure projected to have sustained a 9 per cent year-on-year growth reaching $4.1 billion in 2012.
Its healthcare sector is expected to account for a significant percentage of its massive IT investments, as the government continues to take advantage of the latest technological advances to address the growing healthcare requirements of the rapidly expanding population.
In 2012 alone, the Kingdom's healthcare expenditure soared to $24.35 billion, achieving a 16 per cent increase compared to the previous year.
A substantial percentage of the total expenses was used to purchase specialized e-Health and related IT solutions for healthcare. Moreover, Saudi has allocated $1.74 billion for medical devices in 2012, up 17.8 per cent from 2011.
“The Saudi government has strengthened its investments in technology as part of its commitment to enhance the quality of public services being provided to its citizens," remarked Mehmet Bilginsoy, the managing director of CompuGroup Medical (CGM) Middle East, a leading e-Health company in the world.
CGM's software products are designed to support all medical and organizational activities in doctors’ offices, pharmacies and hospitals.
"In this regard, improving the technology infrastructure of the healthcare sector is one of the Kingdom’s top priorities, which in turn has helped establish Saudi as one of the most lucrative markets for healthcare IT solutions," stated Bilginsoy.
"We are confident that CGM is strongly positioned to cater to Saudi’s growing demand for e-Health solutions that enable healthcare institutions across the Kingdom to vastly improve the quality of their services," said Thomas Reitmayr, the vice president, Business Development, CGM.
"We have already provided healthcare IT solutions to several prominent Saudi medical institutions, including King Fahad Medical City. Moreover, CGM has been stepping up its efforts to develop more personalized solutions that cater to the unique requirements of the Saudi market," he added.
CompuGroup Medical’s services are based on a unique customer base of over 385,000 doctors, dentists, hospitals, pharmacies and networks as well as other service .-TradeArabia News Service