Why invest in healthcare in the UAE?

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Based on an extensive study by Alpen Capital Group, the GCC healthcare market is projected to grow at an annual rate of 11% to USD43.9 billion by 2015 from an estimated USD25.6 billion in 2010. Saudi Arabia is projected to be the fastest growing market along with the UAE. In addition –

 

  • UAE’s health sector has consolidated its position as one of the world’s top 20 in terms of spending per capita. The average spending of $1,200 per person per year is commendably high by international standards. This is expected to grow exponentially in the coming years.
  • The country’s healthcare sector has grown at double digit rate to keep pace with incessantly rising demand for quality treatment and diagnostic facilities. Healthcare spending in the UAE is believed to have grown at a CAGR of more than 13% during 2007-2012;
  • The GCC healthcare 2025 Report by McKinsey & Co. estimates the demand for hospital beds across the country to increase by 160% by 2025. The McKinsey & Co. report on healthcare spending predicts surging costs in the sector, with total UAE healthcare costs expected to increase fivefold from USD12 billion now to USD 60 billion from by 2025.
  •  Abu Dhabi’s Executive Council announced the approval of 14 new health care facilities to be constructed, including six new hospitals in the Emirate. Dubai’s government is also aiming for world-class standards for its healthcare sector by positioning itself as a future hub for medical tourism.
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Source – Health Sector Market Reports, Press Reports, HBB Research

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