By Prof. Awad Al Omari
The escalating financial burdens in the global healthcare sector are stark, with spending hitting an unprecedented $9.8 trillion in 2021—equivalent to $1,535 per capita and accounting for 10.3% of global GDP. These figures highlight the critical impact of healthcare costs on the economy and the pressing need for innovative solutions.
In 2023, Saudi Arabia allocated $50.4 billion to healthcare and social development, making up 16.96% of its total budget and ranking as the second highest expenditure after…
