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UAE Healthcare Sector Forecast to 2014
In the past few years, the UAE healthcare industry has shown an unprecedented growth which is expected to continue in the future due to increasing population, rising prevalence of lifestyle diseases and epidemic outbreaks like H1N1. The country has been witnessing a tremendous increase in the demand for healthcare services and professionals, which indicates high healthcare spending. As per our latest estimates, the healthcare market of the UAE is expected to expand at a CAGR of over 16% during 2011-2014 on back of these factors and developments.
According to our new research report, “UAE Healthcare Sector Forecast to 2014”, the UAE government is pouring the required investments and incentives to develop the country as the medical tourism destination for plastic surgery treatments, which are gaining popularity in the Middle East region. We also studied how increasing cases of chronic lifestyle-induced diseases and injuries are pushing healthcare providers for providing specialized services. Over the next few years, the demand for hospitals and hospital beds is likely to increase in the country as the existing infrastructure is inadequate to deal with the rising number of health complications.
On studying healthcare markets in various cities of the Emirates, we found that Abu Dhabi, which has the largest health infrastructure, is actively working on expanding its medical facilities to entice increased numbers of affluent foreigners to the city. Similarly, Dubai, with myriad of first-class medical treatments and English speaking medical staff, is becoming a popular destination among travelers. We also discussed in our report the factors, such as enhanced participation and high investments by private players, industry consolidation for medical infrastructure and supply of pharmaceuticals, which are shaping a bright outlook of the UAE healthcare industry.
We have done extensive research and analysis of various segments of the UAE healthcare market, including hospitals services, pharmaceuticals and medical devices. It was observed that the country’s medical device market has been buoyed by some of the lowest import duties in the region which make the UAE an attractive destination for imports of medical devices. The domestic manufacturing of these devices remains low in the country. The study of the pharmaceuticals industry revealed that there will be a strong demand for OTC drugs in the UAE in near future due to the opening of standard retail pharmacy chains and rising trend of self-medication. Our report provides comprehensive research, objective analysis and information on important issues of the UAE healthcare market. It, indeed, aims to be a useful guide for those companies, consultants and investors who are planning to enter the lucrative UAE healthcare market.