Saudi Arabia's medical devices market is expected to grow at a compound annual growth rate of 6.2% from 2023, reaching $3.1 billion by 2028. This increase in growth rate is due to the projected economic growth following a contraction in 2023.

The growth is supported by factors such as stronger oil production, interest rate cuts, and increased investments aligned with the Vision 2030 initiative. The "Health Sector Transformation Programme" is a strategic initiative aimed at addressing the rising burden of chronic diseases, which is expected to sustain demand for advanced medical technologies and improve the supporting infrastructure for the medical devices market.

These factors indicate significant advancements in Saudi Arabia's healthcare sector in the coming years.