Investment Sector
Medical Devices & Equipment
Building Healthcare Infrastructure for the Future
Medical devices market to reach $9.96 billion by 2034 with 4.7% CAGR, driven by AI, telemedicine, and digital health investments. Over $65 billion is planned to develop healthcare infrastructure under Vision 2030, with $1.5 billion allocated towards health technology.
Market Size
$65 Billion
Growth Rate
+15%
Total Investment
$65B by 2030
Employment
150,000+ jobs
Vision 2030 Goals
Strategic objectives for this sector
- Localize 40% of medical device procurement
- Develop medical device manufacturing capabilities
- Establish medical tourism hub
- Integrate AI in healthcare delivery
Growth Drivers
Key factors driving sector growth
- Healthcare infrastructure expansion
- Aging population healthcare needs
- Medical tourism development
- Digital health adoption
- Government healthcare spending
Regulatory Bodies
Government organizations overseeing this sector
SFDAMOHMISANUPCO