KSA investment in healthcare IT to rise, says CGM

Healthcare IT specialist expects to see boom in spending on healthcare IT systems to support large projects

Tags: CompuGroup Medical AG (www.cgm.com/corp/‎)HealthcareSaudi Arabia
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KSA investment in healthcare IT to rise, says CGM Spending on healthcare will rise by 10.3% in 2103.
By  Mark Sutton Published  August 19, 2013

Investment in healthcare IT is expected to show strong growth in Saudi Arabia this year, as the Kingdom increases budgets for major new projects in the sector, according to CompuGroup Medical (CGM).

The IT healthcare solutions provider says that the Kingdom's IT expenditure is expected to grow by 6.6% overall this year, to SAR 15.3 billion ($4bn), while healthcare spending is set to grow 10.3% to SAR 98 billion ($26.1bn).

CGM expects a large proportion of the growth in healthcare budgets to be accounted for by investment in IT systems, with more IT systems and solutions required to maintain the healthcare boom. CGM adds that the KSA is well-positioned to leverage technology to optimise national healthcare capabilities given its status as the largest information and communications technology (ICT) market in the Gulf. This keeps pace with the global trend of highlighting IT solutions to achieve development in various fields.

"There are several elements that are driving the growth of IT healthcare solutions in the Kingdom, such as a large and affluent population that is willing to support the adoption of leading medical systems and practices, a robust ICT sector, and increasing government focus on improving the quality of life of residents and citizens. Industry should capitalize on such an ideal environment to boost IT healthcare research and development and strive to sustain the growth of this important niche segment," said Thomas Reitmayr, vice president - Business Development, CGM CEE.

"Numerous factors indicate that the Saudi healthcare sector will continue with its rapid growth in the coming years, the most telling of which is the growing desire among the current population to improve their well being.  With surging healthcare demand, strong government support, a robust economy and a thriving ICT community, the Kingdom is right on track to become a regional and global leader in IT healthcare systems development and adoption as well," added Mehmet Bilginsoy, general manager, CGM Middle East.

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