Press release
Online Pharmacy Drives KSA Health Tech Market with 92.5% Smartphone Penetration and Boosted Healthcare Budget, What's Next?: Ken Research
The Health Tech Market in KSA is highly consolidated with highly competitive rivalry among the competitors. Some of the popular Health Tech brands like Nahdi Medical Co., Cura and Balsam United compete on the basis of price, business model, delivery option, average number of consultancies per day, consultation split, margin, customization and technology.
1. COVID-19 Pandemic Propels Growth in KSA's Online Pharmacy Market with Strong CAGR from 2017-2022 Due to Government Restrictions.
To learn more about this report Download a Free Sample Report
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2Mzk4
The COVID-19 pandemic and a growing online population have increased reliance on online pharmacies in recent years. By 2022, the elderly population (65+) is expected to account for around 4% of the KSA population, further contributing to the growth of the e-pharmacy sector as they make up a significant portion of the general pharmacy market. In 2019, 15.6% of the healthcare budget was allocated to healthcare in KSA, which has also benefited the e-pharmacy market.
2. Challenges Faced by KSA's Online Pharmacy Market: Stringent Regulations for Prescribed Drugs and Risks of Data Breaches.
Visit this Link: - Request for custom report
https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2Mzk4
Importing prescription drugs into KSA is a strict and lengthy process with government-imposed measures to prevent abuse. In the competitive online pharmacy market, price wars pose a challenge for new entrants. E-pharmacies lack physical evaluations, making it easier for users to bypass safety nets, increasing the risk of prescription fraud. Efficient software and transparent privacy policies are essential for preventing the leaking of financial and personal information to third parties.
3. Addressing Challenges: High Smartphone Penetration and Convenient Services of Online Pharmacies Driving Market Growth in KSA.
Request free 30 minutes analyst call
https://www.kenresearch.com/book-a-discovery-call.php?Frmdetails=NTk2Mzk4https://www.kenresearch.com/book-a-discovery-call.php?Frmdetails=NTk2Mzk4
Online pharmacies provide convenience to consumers who can order prescription medicines without leaving their homes, especially for those who live far from physical pharmacies, the elderly, disabled, and those with busy schedules. With a high smartphone penetration rate in KSA, reaching 92.5% in 2022, online pharmacies have become more accessible to consumers, and they offer discounted prices and reliable sources of medicine. The privacy of online platforms is also appealing to customers with sensitive health conditions.
Time Period Captured in the Report:
Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2027
Companies Covered:
KSA Online Pharmacy Market:
Nahdi Medical Co.
Al-Dawaa Pharmacy
Boots Pharmacy
Ghaya Pharmacies Ltd.
KSA Online Health Consultation Market:
Altibbi
Vezeeta
Cura
Sanar
Nahdi
KSA Healthcare IT Solutions Market:
Balsam United
Cerner
Selat
Anova Health
Insta-Practo
Cloud Pital
For more insights on market intelligence, refer to the link below: -
KSA Health Tech Market Outlook to 2027
https://www.kenresearch.com/industry-reports/ksa-health-tech-market
Related Reports by Ken Research:-
UAE Health Tech Market Outlook to 2026
https://www.kenresearch.com/healthcare/general-healthcare/uae-health-tech-market-outlook-to-2026-/581657-91.html
Vietnam Health Tech Market Outlook to 2026
https://www.kenresearch.com/healthcare/general-healthcare/vietnam-health-tech-market-outlook-to-2026/574429-91.html
Philippines Health Tech Market Outlook to 2025
https://www.kenresearch.com/healthcare/general-healthcare/philippines-health-tech-market-outlook-to-2025/414450-91.html
India.
Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Online Pharmacy Drives KSA Health Tech Market with 92.5% Smartphone Penetration and Boosted Healthcare Budget, What's Next?: Ken Research here
News-ID: 3141129 • Views: …
More Releases from Ken Research Pvt .Ltd
Ken Research Stated India's Digital Watch Market to Reach USD 0.55 Million
Comprehensive market analysis maps accelerated adoption trends, technology-driven opportunities, and strategic imperatives for brands, manufacturers, and investors across India's rapidly evolving digital wearables ecosystem.
Delhi, India - October 15, 2025 - Ken Research released its strategic market analysis titled "India Digital Watch Market Outlook to 2029," revealing that the market was valued at USD 0.55 million in 2023, based on a five-year historical analysis. The detailed study outlines how the market…
India Cashew Market - Ken Research Stated the Sector Valued at ~USD 3.8 billion …
Comprehensive market analysis maps supply-demand dynamics, export opportunities, and strategic imperatives for industry stakeholders across India's evolving cashew processing and trade ecosystem.
Delhi, India - October 15, 2025 - Ken Research released its strategic market analysis titled "India Cashew Market Outlook to 2029," revealing that the current market size is valued at INR 172.5 billion, based on a five-year historical analysis. The detailed study outlines how the market is poised to…
Global Animation and VFX Market - Ken Research Stated the Sector Valued at ~USD …
Comprehensive market analysis maps growth trajectory, investment opportunities, and strategic imperatives for studios, content creators, and technology providers across the global animation and VFX ecosystem.
Delhi, India - October 15, 2025 - Ken Research released its strategic market analysis titled "Global Animation and VFX Market," revealing that the current market size is valued at approximately USD 197 billion, based on a five-year historical analysis. The detailed study outlines how the market…
Ken Research Stated Middle East Poultry Feed Market to Reach USD 7.4 Billion
Comprehensive market analysis maps steady growth trajectory, supply-demand dynamics, and strategic imperatives for stakeholders across the Middle East's expanding poultry value chain.
Middle East - August 14, 2025 - Ken Research released its strategic market analysis titled "Middle East Poultry Feed Market Outlook to 2030," revealing that the current market size is valued at USD 7.4 billion, based on a five-year historical analysis. The detailed study outlines how the market is…
More Releases for KSA
KSA Fintech Market Outlook to 2027: Ken Research
Government Initiatives and availability of modern technologies. Fintech Market in KSA has various players. Total number of Fintechs in KSA is 147.
Key Market Findings:
The demographics outlook of KSA is changing with young generation being more tech-savvy and embracing innovation in the services.
A strong indicator of growth in this market is rise of new industry verticals like digital banking, crowd lending, infrastructure rise in digital payments and innovations in the…
KSA LEV Market | KSA LEV Industry | Electric Vehicle Saudi Arabia | KSA Light El …
The report titled “Future Potential Market of LEVs in Last Mile Delivery Industry in KSA – Favorable Government Policies and Better Charging Infrastructure Availability to drive the LEV Sales in KSA Market” provides a comprehensive analysis of the future potential of Light Electric Vehicle industry in Last Mile Delivery Industry in the KSA. The report covers various aspects including the current EV Scenario and charging infrsatructure status in KSA along…
Automotive Industry in KSA | Automotive Market in KSA | Saudi Arabia Used Car Ma …
KSA Automotive Industry: Overview & Ecosystem
Kingdom of Saudi Arabia, currently enjoys a strategic position in terms of geography & development of industries with growing economy & improving trade participation in the world. Their automotive industry provides opportunity of high growth with the absence of domestic manufacturing & core dependence on imports for domestic vehicle needs. However, rapid digitization along with various government incentives are set to change the gears of…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Waste management & Recycling KSA Expo 2017
Waste Management & Recycling Expo brings together the entire industry to help influence the targeted sectors in a such a big country as Saudi Arabia with its huge market potentials.
The Market:
The world’s dependence on Middle East energy resources has caused the region to have some of the largest carbon footprints per capita worldwide. The region is now getting ready to meet the challenge of global warming and especially with the…
KSA Gears Up To Propagate Trigeneration Technology
Trigeneration - or combined cooling, heat and power (CCHP) is a revolutionary technology that not only has a host of applications but also has a positive impact on the environment alongside tangible benefits when it comes down to energy-cost savings. By using less fuel to drive the engine at the heart and avoiding the cost of transporting the power from one place to another, Trigeneration is paving a path…
