Online Pharmacy Drives KSA Health Tech Market with 92.5% Smartphone Penetration and Boosted Healthcare Budget, What’s Next?: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Online Pharmacy Market (Segment of Health Tech Market in KSA) is expected to growth at a robust CAGR of 9.0% in next 5 years, says a report by 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 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 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 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 Related Reports by Ken Research:- UAE Health Tech Market Outlook to 2026 Vietnam Health Tech Market Outlook to 2026 Philippines Health Tech Market Outlook to 2025 Tags: Al-Dawaa Pharmacy Market Share KSA, Anova Health Market Share KSA, Cerner Order Size KSA, Challenges KSA E-Health Sector, Cloud Pital Market Position KSA, Competitors in Digital Health Industry KSA, Digital Health Industry KSA, Digital Health Industry Opportunities, Digital Pharmacy Sector KSA, Emerging Players in KSA Tele Health Sector, Funds Raised Startups Digital Health KSA, Ghaya Pharmacies Ltd. 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