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UAE Healthcare Sector Forecast to 2012
The UAE healthcare industry has shown an unprecedented growth over the past few years and is expected to continue growing in the future as well on the back of increasing population, rising prevalence of lifestyle diseases (obesity, diabetes, and hypertension), epidemic outbreaks like H1N1, and the lack of internationally accredited healthcare infrastructure.
According to our new research report, “UAE Healthcare Sector Forecast to 2012”, the UAE healthcare industry is expected to sustain its growth pace in near future. The healthcare market of the UAE is expected to grow at a CAGR of over 16% during 2011-2014. The country has been witnessing tremendous increase in the demand for healthcare services and professionals, which indicates high healthcare spending. In this regard, we have done an extensive research and analysis of various segments of the UAE healthcare market, such as Hospitals Services Industry, Pharmaceutical Industry, and Medical Devices Industry.
Considering healthcare as a priority, the UAE Government is pouring the required investments and incentives to develop the healthcare infrastructure and improve the accessibility of health services for patients.
The baseline factors for the optimistic future outlook of the UAE healthcare industry includes, enhanced participation, high investments by private players, industry consolidation for medical infrastructure, and supply of pharmaceuticals. Additionally, there will be strong demand for primary healthcare level drugs, such as generics, antibiotics, and over-the-counter drugs (OTC) in the coming years as numerous drugs are on the verge of patent expiry and the UAE Government is promoting the use of generic and OTC drugs. Hence, the pharmaceutical industry is expected to grow at a CAGR of around 14.5% during 2011-2014.
Further, demand for hospitals and hospital beds is anticipated to rise over the next few years as the existing infrastructure is inadequate to deal with the rising number of health complications in all sections of the society and every age group of people. Generally, it is assumed that the developed markets average 3 beds per 1000 population, while in the UAE, it is less than 2 beds per 1000 population (in 2010), indicating a large room for future growth potential.
The report, “UAE Healthcare Sector Forecast to 2012”, provides comprehensive research, objective analysis, and information on important issues of the UAE healthcare market. It studies the healthcare industry by segmenting it into hospital services, medical devices, and pharmaceuticals. The report contains statistical and analytical information on each of these segments, covering information on their market size and demand. It also features analysis of future trends, supplemented with facts and figures. In this way, the report serves as a useful guide for healthcare companies, government officials, consultants, and investors planning to enter the UAE healthcare market.