Saudi Healthcare Industry 2026

The Saudi healthcare industry is going through a rapid transformative period. 

~20% of Saudi Arabia’s 2026 budget is allocated to the healthcare sector, surpassing military spending & the largest budget allocation. This makes it an attractive market (~ $67b market size) not only for domestic players but also for international firms. The Saudi healthcare industry is growing exponentially, driven by strong government investment, population growth, and accelerating private-sector participation

Saudi Macro Landscape:
-Government spending is projected to reach $350.1b in 2026 and $378.0b by 2028.
-Debt remains moderate at 31.7% of GDP in 2025.
-GDP is expected to grow at 6.7% in 2026. 
-The unemployment rate is 3.4% in Q3 2025.
-The government seeks to exponentially increase Foreign Direct Investment Inflows to reach $100b, annually by 2030.

Industry Overview: 
-Total Saudi healthcare industry expenditure averages 5.4% of GDP ($1.2 trillion) in recent years. 
-Saudi investors deployed $6.5b domestically into healthcare (2020-2024). 
-The Global Health Exhibition took place in Riyadh in July 2025 and resulted in ~ $35.5b of signed partnerships and investment commitments, involving global players such as Sanofi, Novo Nordisk, and more.
-Healthcare focused private equity transactions totaled $776.0m across 14 deals between 2020 and 2024. 

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