Saudi Arabia’s medical devices market to surge to USD 1.6 billion by 2018

Kingdom’s import of medical devices exceeds 80 per cent of market value

Riyadh – December 12, 2013: The market for medical devices in Saudi Arabia was valued at

USD 1.1 billion at the beginning of 2013 and is estimated to reach a total of USD 1.6 billion

by the end of 2018, suggesting a complete annual growth rate (CAGR) of 9 per cent within

the next five years. This accounts for almost 50 per cent of the Middle East’s medical devices

industry.

The projected robust growth of the Kingdom’s medical devices sector in the coming years

is attributed to several factors including an overall increase in health care spending by the

government, rise in per capita income, growing penetration of the healthcare insurance,

and huge investment in both human resource and infrastructure. The Saudi Government

has undertaken several initiatives to improve the existing healthcare industry that would

significantly contribute towards the development of its allied sectors.

CompuGroup Medical (CGM), a leading IT healthcare solutions provider in the Middle East

and Turkey, says that there is a need to increase the local production of medical devices that

are currently restricted to very few items. CGM added that it would limit the reliance of the

Kingdom’s healthcare sector on imports which account for more than 80 per cent of the overall

market value.

Thomas Reitmayr, Vice President – Business Development, CompuGroup Medical Central and

East Europe, said: “The government of Saudi Arabia is highly proactive in the development

of healthcare facilities both in terms of planning and building of new treatment centers

PRESS RELEASE

Length: 2.358 characters (including header)

May be reprinted – page 2 of 3

and upgrading and improvement of existing facilities. In addition, many new specialty and

super specialty healthcare facilities are under various stages of planning and development

in the Kingdom. All of this naturally leads to an upsurge in the demand for medical devices,

equipment, services and solutions.”

“CGM is keen on providing the best and the most advanced medical solutions to the growing

Saudi healthcare sector. We have achieved tremendous success with our local clients so

far and are looking forward to leverage this success to contribute towards the progress

and development of the local medical field,” added Mehmet Bilginsoy, General Manager,

CompuGroup Medical Middle East.

As one of the leading eHealth companies in the world, CGM has introduced quite a number of

scalable technology products and solutions that continue to play major roles in enhancing the

quality and extent of healthcare across the KSA. Among CGM’s key offerings are the CORTTEX

Integrated Hospital Information Management System Environment, the CGM CNG Clinical

Information Systems, and the iOS-based iCNG Mobile Applications.