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The enormous demographic shift has had a profound impact on the future structure and course of the Saudi healthcare system. Since there are chances and prospects in developing regions like APAC, LATAM, the Middle East, and Africa, many medical device companies have focused their efforts there.
Manufacturers, distributors, and investors see Saudi Arabia as a promising market since it has the largest economy in the MENA area. The industry’s present potential is a result of the expanding healthcare sector and government backing for domestic production.
Utilizing the local value chain, this new strategy will advance to value-added MedTech products driven by local and regional demand.
The Saudi Arabia Medical Devices Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Gulf Medical Company is chosen by Provation to be it’s only partner in Saudi Arabia for its industry-leading clinical productivity solution.
Gulf Medical Company, Ltd., a global leader in the distribution of medical devices and software, has announced an exclusive agreement with Provation, the leading software supplier of procedural documentation and clinical decision support systems.
The collaboration deal enables Gulf Medical to market and distribute Provation MD, the world’s leading software for documenting gastrointestinal (GI) and respiratory procedures, across the Kingdom of Saudi Arabia (KSA).
In addition to replacing paper clinical documentation, Provation MD connects with current hospital information systems to enhance procedure notes’ uniformity, accuracy, and efficiency.
Due to Gulf Medical’s stellar reputation and solid business ties with both the private and public hospital sectors in the region, Provation awarded it the partnership.