Saudi Arabia Medical Devices Market Forecasted to Reach USD 3.6 Billion By 2032, at an Impressive 6.01% CAGR
May 19, 2025
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Market Overview: The Rise of AI-Driven Healthcare in Saudi Arabia
Saudi Arabia Medical Devices Market Size was valued at USD 2.11 Billion in 2023. The Saudi Arabia Medical Devices market industry is projected to grow from USD 2.34 Billion in 2024 to USD 3.6 Billion by 2032, exhibiting a compound yearly growth rate (CAGR) of 6.01% during the forecast period (2024 – 2032).
The government’s Digital Health Strategy (2024-2032) is accelerating AI integration for early diagnosis, remote monitoring, and predictive analytics in hospitals and clinics.
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Saudi Arabia Medical Devices Product Type Outlook
- Diagnostic Devices
- Monitoring Devices
- Surgical Devices
- Automation & robotics
- Others
Saudi Arabia Medical Devices Therapeutic Application Outlook
- General Surgery
- Diagnostic Imaging
- Dental
- Cardiovascular
- Nephrology
- Urology
- Orthopedics
- Others
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Region: Why Saudi Arabia Leads the GCC in Medical AI
- Riyadh: Innovation hub with top AI research labs and pilot projects in King Saud Medical City.
- Jeddah: Focus on smart hospitals integrating AI into imaging, patient tracking, and automation.
- NEOM: The futuristic city is designing AI-first healthcare ecosystems with autonomous medical devices.
Industry Latest News (2025 Highlights)
- Siemens Healthineers launched its AI-powered MRI system in King Faisal Hospital for enhanced neuroimaging.
- GE HealthCare signed an MoU with Saudi Ministry of Health to co-develop AI-driven diagnostic tools.
- TIBCO AI Lab collaborates with local health startups for predictive disease modeling.
- Seha Virtual Hospital now uses AI to monitor over 2 million remote patients.
Key Companies in the Saudi Arabia Medical Devices market include
- Sadara Chemical Company
- SABIC
- Johnson & Johnson
- General Electric
- Fresenius Medical Care Ag & Co
- Baxter International
- Jofo Nonwovens Co
- Careon Healthcare Solutions
- Boston Scientific Corporation
These players are collaborating with public hospitals and universities to accelerate clinical AI adoption.
Market Drivers Pushing AI Innovation
- Vision 2030: National push for digitization and healthcare privatization.
- Government Incentives: Tax benefits, grants for AI R&D, and fast-track medical device approvals.
- Healthcare Demand Surge: Rising chronic disease rates and aging population drive tech-based solutions.
- Local Startup Growth: AI-based healthtech startups are receiving significant VC funding.
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Regional Insights: Saudi Arabia in the GCC AI Landscape
Saudi Arabia leads the GCC AI healthcare market with over 40% regional market share in 2025, outpacing UAE and Qatar in AI-equipped device deployment. Government-led funding, centralized healthcare IT systems, and strong public-private partnerships are the major drivers.
Conclusion: The Future is AI-Driven in Saudi Healthcare
As the Kingdom pushes toward becoming a global digital health leader, the integration of AI in the medical devices space is no longer optional—it's essential. For manufacturers, innovators, and investors, Saudi Arabia presents a timely and transformative opportunity.
Now is the time to embrace AI, unlock new growth frontiers, and position your business at the center of this medical revolution.
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