Omnia Health is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Telemedicine industry en route to noteworthy revenues

Article-Telemedicine industry en route to noteworthy revenues

telemedicine

Telemedicine services are at the cusp of revolutionising the global healthcare sector. The development of e-health models that minimise cost, maximise output, and foster unprecedented utility has become a prerogative for the healthcare industries of several regions. In addition to this, the availability of robust and infallible ICT infrastructure is supporting the transition from in-premises care delivery to telehealth.  

Remote care delivery is amongst the most sought-after models that are expected to garner humongous investments from several technology giants. Moreover, healthcare providers across the globe are laying credence to the use of e-health models that can reduce the burden on hospitals and primary healthcare centres. It is only a matter of time until the telemedicine industry reaches noteworthy revenues.     

RelatedStrategies to lead the healthcare industry in the era of digital transformation

A new study reports the global telemedicine market will reach US$152.1 billion by 2025-end, displaying growth from a value of US$82.7 billion in 2020. The CAGR of this market for the period between 2021 and 2025 expectedly sits at a whopping 19 per cent. The growth projected during the years of forecast is more than 1.8 times and is reflective of the positive reception of telemedicine services across the market.     

RPM transcends as an intrinsic element of telemedicine sector  

Several modalities such as real-time interaction and information storage are a part of the telemedicine industry. Amongst these, the unparalleled utility being rendered by remote patient monitoring (RPM) services is a matter of introspection for healthcare policymakers. The ease of communication between healthcare providers and patients is amplifying the call for developing robust virtual care platforms.  

The benefits of RPM cascade into several areas of telehealth specialities such as telecardiology, teleradiology, teledermatology, telepathology, and telepsychiatry. The emerging domain of telesurgery is also expected to send ripples across the global healthcare industry. In view of the aforementioned factors, it is safe to expect the inflow of substantial revenues into the global telemedicine industry in the forthcoming years. The development of fool-proof models for patient enrolment, patient induction, and remote assessment is projected to complement market expansion.   

North America to witness towering growth in telemedicine market  

Telemedicine services are being pursued with tremendous integrity and dedication across healthcare industries in the US, and Canada. This factor is projected to give a strong impetus to the growth of the regional market. North America is projected to witness the emergence of cutting-edge ICT technologies that can be deployed towards improving the telemedicine architecture of the region. This would play to the advantage of the vendors operating in the regional telemedicine market.  

Furthermore, the availability of advanced cloud-computing-based health services along with 5G-linked micro-procedures is also facilitating market expansion. Europe is also making rapid strides of development as telehealth platforms such as EHPAD in France and ‘Now GP’ in the UK find their way through the healthcare sector.   

RelatedCurb digital fatigue to improve healthcare efficiency

Some of the notable vendors operating in the global telemedicine market are Allscripts Healthcare Solutions Inc, American Well, AMD Global Telemedicine, BioTelemetry, Cerner Corporation, Blue Sky Telehealth, and Cisco Systems.   


Sayali Sheth is a Market Research Consultant for the Healthcare domain at Fairfield Market Research. She possesses more than 5 years of rich experience in in-depth market assessment as well as analysing and interpreting data to deliver effective business-driven solutions. 

This article appears in the latest issue of the Omnia Health Magazine, read more here

Back to Technology

AI leads the way in advancing early disease detection

Article-AI leads the way in advancing early disease detection

Shutterstock AI.jpg

The global ageing population and individuals affected by chronic diseases are growing exponentially. This surge has generated a growing demand for 'smart healthcare.' However, existing digital solutions frequently come with high costs and sustainability challenges, and do not adequately focus on disease prevention and early detection. Consequently, a pressing demand exists for pioneering digital solutions capable of creating a tangible impact. This is precisely where Artificial Intelligence (AI) assumes a pivotal role. It can potentially play a significant part in preventing diseases through various applications.

One company leading in this front is the US-headquartered Ainnova Tech. The health tech start-up was founded by an experienced team to create solutions for the early detection of diseases using AI and recently won the Innov8 Talks pitch competition at Florida International Medical Expo (FIME) 2023.

Ainnova Tech’s winning solution, VisionAI, is an AI-based platform for detecting diabetic retinopathy and other retinopathies in less than five seconds from retinal images, generating an effective workflow for the ophthalmologist. Diabetic retinopathy is the leading cause of blindness in working-age adults worldwide. Nearly 10 million people with diabetes in the U.S. have diabetic retinopathy, or eye damage as a result of the disease, new research shows. VisionAI has already entered markets such as Mexico and Costa Rica and is in the FDA process to enter the US market in 2024.

Related: The current status and future potential of AI in medical imaging

In an interview with Omnia Health, Vinicio Vargas, Co-Founder & CEO, Ainnova Tech, said: “FIME 2023 was an incredible, first-class event, with the participation of highly innovative companies. Winning Innov8 Talks among such disruptive and fascinating companies was very satisfying for us and a sign that we are on the right path.”

Vargas said that the idea behind launching Ainnova Tech wasn't just about embarking on an ambitious business journey but about leaving a legacy that impacts people's lives. “That purpose connected to that of our co-founder, Rodrigo Herrera, and our team of allies, advisors and investors. Ainnova Tech is the sum of many visions condensed into a powerful purpose to impact the world with the prevention and early detection of diseases so that people from all age groups are able to live longer and better.”

03JPGCR-min.jpg

Vinicio Vargas

In addition to VisionAI, the company has also integrated another solution for cardiovascular risk detection from retinal images and demographic data, with more precision compared to tools used in clinical practice, in a simple, accessible and more accurate way to refer that patient to a cardiologist. The company is also working on a tool that can do the same for early-stage Alzheimer's patients using retinal imaging, allowing to prevent and treat the patient earlier.

Vargas said: “We are working on making our solutions accessible to everyone and making retinal imaging fast and affordable. We will soon launch our game-changing portable non-mydriatic camera, which is not affected by external light or patient movement. It is automatic, doesn’t require extensive training, can even be done by the patient and costs a fraction of the market price.”

Related: Moving radiology into the age of artificial intelligence

When asked about the top priorities for Ainnova Tech in the coming year, he highlighted: “We are looking to expand into the primary care, optical and insurance markets with clinics. We are also looking forward to launching our new retinal device and integrating our solutions and massively scaling up.”

In conclusion, he said: “We are excited to attend Arab Health in Dubai in January and compete for the ‘Innovator of the Year’ award. We also hope to show the global audience our latest developments and connect with potential customers in the MENA region.”

This article appears in the latest issue of the Omnia Health Magazine, read more here.

Back to Technology

Webinars and Reports

Spotlight on Saudi Arabia’s healthcare leaders | Omnia Health Magazine

White-paper-Spotlight on Saudi Arabia’s healthcare leaders | Omnia Health Magazine

LEADERS SUPPLIMENT_MOCKUP copy.png

Spotlight on Saudi Arabia's Healthcare Leaders | Omnia Health Magazine

Meet the visionaries driving change in the industry

Omnia Health’s special supplement ‘Spotlight on Saudi Arabia’s healthcare leaders’ celebrates individuals shaping the future of healthcare in the country. These leaders have played pivotal roles in reshaping the strategic direction and instigating cultural shifts within their respective healthcare organisations.

Download now

Learn more about:

  • Insights into Saudi Arabia's evolving healthcare landscape.
  • Visionary leaders driving change.
  • Personal and professional transformations.
  • Leadership styles, strategies, and innovative approaches in healthcare.

Featured Companies:

Download now to gain a competitive edge in the evolving healthcare landscape.

Having trouble viewing the form? Click here.


 

Unlocking Saudi Arabia's investment potential

Article-Unlocking Saudi Arabia's investment potential

saudi business

In the wake of the Kingdom of Saudi Arabia’s ambitious strategy for economic diversification with its Vision 2030, the country’s investment market is witnessing exciting times and inviting international interest. A thorough approach that encompasses quality processes is crucial to turn this interest into an opportunity.  

Helping meet this need is the Saudi-based consultancy group Saudi Business Links (SBL). It is a grassroots private and independent venture builder that supports international entities seeking to explore and penetrate the Saudi market by providing soft landing services and market entry analysis. Currently, SBL has a presence in several countries, the most recent being the opening of their offices in the UK.  

Ali Alwabel

Ali Alwabel, President, Saudi Business Links

“Since our inception 10 years ago, we started out sector agnostic. However, since the announcement of Vision 2030 and its various vision realisation programmes, we have been highly focused on the mandates and the priorities of the government. Healthcare and life sciences is one of the prominent sectors in which the government is interested in trying to minimise the overburden and under-delivery of the current legacy systems. In addition to healthcare, we cater to several other sectors by creating a friendly eco-system, as per the government's direction, mandates and needs in line with its national security priorities,” explained Ali Alwabel, President, Saudi Business Links. 

RelatedThe rise of ambulatory care in Saudi Arabia

Alwabel mentioned that SBL has a special interest in incubators, and acts as a catalyst, think tank, and business hub. “Our primary focus is on the needs and the requirements that are coming from a grassroots level and looking at what the country needs and aligning with its strategy. This is our starting point. We know exactly what the government needs and where it is going, and can help international organisations navigate that, by understanding the opportunities and, more importantly, the realities on the ground,” he explained. 

He also highlighted the organisation's genesis, particularly how they have catered to the needs of the healthcare sector. During the pandemic, they identified that PPE manufacturing was a priority. As a company that did not have a prior industrial background in healthcare, they competed and won a contract for medical gloves, achieving an important milestone in having ‘a seat at the table.’ 

RelatedEstablish collaborative partnerships in Saudi’s transformative journey

“During the Global Health Exhibition 2023, we will announce the launch the Saudi Innovation Health Hub (SIHHA). SIHHA is a Saudi based, healthcare/LS innovation business hub, designed to act as a catalyst to international entities wishing to enter the Saudi market. We will invite relevant companies from across the world to use this hub as a sandbox to test, introduce and integrate their offerings with the rapid developments in Saudi Arabia by engaging with the various local government and private entities that have shown a commitment to be founding members of SIHHA. This would help organisations from overseas understand the regulations and the opportunities available in the country in line with the local content mandates. As venture builders, we feel this would massively accelerate efforts within the healthcare sector. We are also looking forward to the opening of our new office in Tabuk (NEOM) and another office in Madinah this year, this will be in addition to our HQ in Riyadh,” concluded the President.

 

This article appears in the latest issue of the Omnia Health Magazine, read more here

Back to Management

Embracing the future: Saudi Arabia's digital healthcare revolution

Article-Embracing the future: Saudi Arabia's digital healthcare revolution

KSA digital

A major healthcare revolution is underway at the heart of the Arabian Peninsula. Known for its rich history and cultural heritage, Saudi Arabia is now leading the charge in digital healthcare innovation. This evolution goes beyond mere technology adoption; it represents a visionary shift that has enhanced both healthcare accessibility and quality within the nation, capturing the attention of worldwide investors and healthcare experts in the process.  

With this knowledge, we embark on a journey to explore the fascinating story of how Saudi Arabia has successfully embraced digital transformation, especially in the public and private sectors, paving the way for a future where innovation meets compassion to redefine the health sector.  

With a focus on landmark projects such as Tawakkalna, Sehhaty, 937 Medical Tele-consultations, Seha Virtual Hospital, Labayh, MHCS Medical Company, and Alma Health, we examine the intricate fabric of Saudi Arabia's journey, a journey that sets new standards established in healthcare. It signals investors and visitors from across the globe to a realm where advanced technology not only enhances medical services but also underscores a commitment to creating a healthier and more connected world. 

RelatedCerebraAI wins 2023 edition of Innov8 at Global Health Exhibition

The formal adoption of digital transformation in Saudi Arabia’s healthcare sector has unlocked many benefits that are reshaping patient care and healthcare. First is telemedicine that introduced remote diagnosis and enabled real-time health monitoring through wearable devices. This data-driven approach ensures timely intervention and personalised treatment changes. Additionally, virtual appointments have become a lifeline for patients managing chronic conditions, making it easier to stay connected with healthcare professionals outside of physical visits. 

The impact of telemedicine goes beyond counselling. It supports medication adherence with reminders and offers vital lifestyle advice on diet, exercise, and stress management. This approach not only improves the effectiveness of treatment but also allows patients to actively manage their health. Another notable feature is the ability of telemedicine to overcome geographic barriers by connecting patients to primary care and closing gaps in remote areas. Digital transformation is also a gateway to health education with telemedicine platforms providing valuable content that empowers patients to make informed decisions about their health. 

Saudi Arabia's visionary government-led telehealth transformation 

Saudi Arabia is utilising the potential of telehealth to reshape the availability of healthcare services within its government agencies. With a focus on critical infrastructure, the nation's digital transformation has redefined patient care models. Tawakkalna, which began as a COVID-19 testing platform, has now evolved into an extensive healthcare solution benefitting millions. It offers a range of services, from vaccine appointment scheduling to screening facilities. Sehhaty, a patient-centred care model, empowers citizens to manage sick leave-related health matters, book physical appointments, receive vaccinations, and even access tele-consultations. The 937 Telephone Consultation Programme operates a 24/7 medical hotline, providing instant medical assistance and optimising resource allocation. The culmination of this transformation is represented by the Seha Virtual Hospital transcends geographical boundaries to provide world-class care. Saudi Arabia's government-driven telehealth initiatives also showcase a visionary approach that harmonises innovation and compassion, leading to a revolutionary shift in healthcare. 

Private sector utilisation of digital health: innovations for the future 

In line with the government’s efforts, the private sector has played a key role in Saudi Arabia’s emerging healthcare digital transformation. We, at MHCS Medical Company (Manzil Health Care Services), for example, exemplify the transformative power of telehealth, tele-education, and tele-monitoring to transform Saudi Arabia’s healthcare landscape.  

MHCS has strategically provided remote healthcare through telehealth services, enabling patients to communicate effortlessly with medical professionals regardless of geographical barriers. This innovative approach provides accessible quality care, especially in remote parts of the country. MHCS is also dedicated to prioritising distance medical education and patient support initiatives. Our commitment involves the consistent delivery of medical education and assistance to patients undergoing treatments with specific medications such as biologics. Furthermore, we extend our focus to individuals faced with complex illnesses that demand thorough oversight. Through these efforts, we aim to achieve positive and favourable outcomes for each individual under our care.  

RelatedThe future of health and medicine: where can technology take us?

Additionally, MHCS’ commitment to remote monitoring has led to significant changes in chronic disease management. Patients now have the convenience of monitoring their condition at home, while medical professionals can intervene when needed. This innovation not only increases patient comfort but also optimises the distribution of healthcare resources, directing them to where they are most needed.  

Within the broader private sector, key players such as Alma Health have emerged as a transformative force with expertise in chronic healthcare issues. Alma Health has positioned itself as a leader in chronic disease management and mental health support addressing two important areas of overall wellness. This focused approach reflects the private sector’s commitment to providing primary care that enhances patient outcomes and quality of life.  

Additionally, Labyah, a major contributor to mental health and wellness, plays a key role in Saudi Arabia’s digital healthcare strategy.  

Focusing solely on mental health services, Labyah provides a safe and convenient environment for individuals seeking mental health services. Telehealth counselling through Labyah underscores her commitment to overcoming gaps in mental healthcare. As a testament to its impact, the high number of minutes spent on the phone demonstrates the importance of the platform in promoting access to mental health and promoting stigma prevention. These private entrepreneurs exemplify the synergistic relationship between innovation and healthcare, reaffirming Saudi Arabia’s commitment to holistic healthcare development. 

The future of digital health in Saudi Arabia: a vision of excellence 

The immeasurable effect of Saudi Arabia's virtual healthcare initiatives goes beyond just convenience, playing a role in reshaping the landscape of the nation's healthcare. This transformation provides an opportunity to attract global investors and site visitors in search of world-class healthcare solutions. Central to this transformation is Saudi Arabia's well-established infrastructure — a solid foundation for an unbroken virtual healthcare system. 

The integration of pioneering technologies like Tawakkalna, Sehhaty, and Seha Virtual Hospital showcases Saudi Arabia's dedication to creating a unified digital atmosphere catering to both citizens and international site visitors.  

The resounding success of the "937 Telephone Medical Consultation Service” programme, with over 3,700,000 tele-consultations carried out within almost six months since COVID lockdown, serves as a testament to the effectiveness of remote care in turning in well-timed scientific attention, all without the need for physical presence. The Seha Virtual Hospital is an exceptional initiative that breaks through geographical barriers to deliver professional care to patients regardless of their location. This forward-thinking concept not only revolutionises healthcare accessibility but also establishes Saudi Arabia as a global leader in healthcare innovation. 

The future investment landscape: pioneering progress 

Looking to the future, the path to digital health in Saudi Arabia is undeniable. The country’s unwavering commitment to growth is reflected in strategic investments, comprehensive policies and active partnerships. The alignment of government vision with private sector innovation encourages the potential for greater growth, innovation and sustainable development. Investors exploring the digital health landscape present a fertile environment for significant growth. Saudi Arabia’s commitment to diversity and modernity creates an ecosystem in which innovation is monitored and rewarded. Investments underpinned by robust healthcare infrastructure and well-designed digital infrastructure are not only economically viable but contribute significantly to achieving healthcare development. 

Saudi Arabia remains an attractive haven for discerning tourists seeking state-of-the-art medical treatment. The blend of high medical expertise and state-of-the-art technology sets the stage for excellence in healthcare. The seamless integration of telehealth, reliable remote monitoring, and virtual clinics is transforming the healthcare landscape and attracting tourists seeking speciality treatments and services.  

The appeal of Saudi Arabia’s digital health revolution extends beyond its borders, attracting the attention of investors and foreigners with the promise of an unparalleled synergy between technology and healthcare. Viewed through the eyes of an investor, the figures paint a clear picture.  

Led by Saudi Arabia and the UAE, the GCC healthcare sector is poised for spectacular expansion. Statistics show that GCC healthcare spending is on track to reach a staggering US$135.5 billion by 2027. This strong growth track, coupled with favourable economic conditions and increasing demand for healthcare services, establishes Saudi Arabia as an economic superpower in the region. Its unwavering commitment to diversity and modernity is not just a tactical choice. It is confirmed that investor contributions will advance healthcare innovation. This will contribute not only to economic prosperity but also to global progress in health. 

Especially related to medical tourism in the GCC area, Saudi Arabia’s healthcare offering holds a magnetic pull for both citizens and Arabs in the region. This locally focused approach underscores Saudi Arabia's commitment to providing healthcare that meets the specific needs of its immediate neighbours. Emerging as a driving force of healthcare innovation, Saudi Arabia urges investors and local tourists to commit to a future of technology-driven healthcare and the creation of extraordinary growth and prosperity. 

A bold future: redefining healthcare excellence 

In conclusion, Saudi Arabia’s journey towards digital transformation in healthcare stands as a symbol of progress. From government-led initiatives to pioneering contributions from private entrepreneurs. The state has gone beyond embracing innovation; it has employed it to revolutionise healthcare.  

Overflowing with potential, this area encourages investment while inviting tourists to briefly experience variations in healthcare encounters. Saudi Arabia's journey of digital transformation goes beyond the boundaries of technology; it is a journey into the future with the bright shining promise of power, integration, and technological advancement. As Saudi Arabia moves forward, it is not just forging its own destiny — it is influencing global healthcare, and establishing itself as a leader in innovation, compassion, and strong commitment contributing to a healthier world. 

Saudi Arabia’s story of healthcare reform is a groundbreaking one — a story that convinces through numbers, innovation, and the image of a happier, healthier future for all. 

 

This article appears in the latest issue of the Omnia Health Magazine, read more here

Back to Technology

The rise of ambulatory care in Saudi Arabia

Article-The rise of ambulatory care in Saudi Arabia

ambulatory care

Ambulatory care services in Saudi Arabia are increasingly being recognised by healthcare providers, legislation, authorities, and patients themselves. Typically, ambulatory care focuses on preventative care and routine medical treatments, including wellness clinics designed to offer primary care outside of conventional hospital setting. 

Dr. Anees Sindi, CEO of IMC Ambulatory Care Network (Wellcare), emphasises that primary care serves as the cornerstone of healthcare. It is the initial step where patients receive assessments by primary care physicians and a comprehensive, holistic approach. 

RelatedTransforming public healthcare with team-based care: A vision for the future

In Saudi Arabia, the implementation of primary care is evident in major cities and is expanding into the private sector. “Our goal is to align with this development to provide the best outcomes for patients. Key quality measures in ambulatory care services within healthcare include various Key Performance Indicators (KPIs). Among the most significant is clinical outcomes for patients and their families, with a particular focus on prevention. Primary care centres should be easily accessible to patients, prioritising preventive measures as part of the broader value-based healthcare picture,” says the CEO of IMC Ambulatory Care Network (Wellcare). 

Dr Anis

Dr. Anees Sindi, CEO of IMC Ambulatory Care Network (Wellcare)

Dr. Sindi emphasises that when ambulatory care services are implemented the cost is lower for patients, insurance payers, and healthcare providers, in addition to delivering better healthcare. This also frees up space for patients who truly need tertiary care services, rather than having specialist centres occupied by patients who do not require tertiary care. 

The biggest challenge in implementing ambulatory care services in Saudi Arabia, according to the CEO of the IMC Ambulatory Care Network(Wellcare), is community awareness. "It is a new concept that needs to be implemented. We need to overcome this challenge by implementing primary care correctly and to the right standards, so the community can embrace this model as the gold standard approach for healthcare services." 

RelatedEstablish collaborative partnerships in Saudi’s transformative journey

Regarding opportunities, there are abundant possibilities in this evolving area of healthcare in Saudi Arabia, especially in the private sector. The potential demand for healthcare services aligning with the required standards presents significant growth opportunities, ultimately improving patient access. 

Telemedicine or telehealth is envisioned as the future of Ambulatory Care Services in healthcare for various reasons. In the era of artificial intelligence (AI), which permeates every facet of our lives, healthcare is no exception. Telemedicine services are already in place and can greatly enhance patient outcomes, providing the best possible care for patients who live remotely and have limited access to healthcare due to geographical constraints. 

The use of AI is expected to lead to significant improvements in healthcare outcomes. “Clinical intelligence solutions powered by AI are employed to predict patients with potential negative outcomes. This enables healthcare professionals to intervene promptly and prevent complex health issues or address chronic illnesses and preventive measures for patients,” concludes Sindi. 

 

This article appears in the latest issue of the Omnia Health Magazine, read more here

Back to Management