“UAE’s healthcare market is poised to grow at a CAGR of ~13.5% in the near future” says RNCOS.
Noida, India -- (SBWIRE) -- 06/25/2014 -- With an estimated population base of of 9.2 million, the UAE healthcare sector is estimated to reach around US$ 34 Billion in 2018 growing at a CAGR of nearly 13.5% over the 5 period from 2013 to 2018. The UAE healthcare market is expected to witness a rapid transformation owing to the increase in population and continuous growth of demand for healthcare products and services in the region. The other key factors driving the market growth are likely to include the favorable demographics, penetration of health insurance and prevalence of numerous lifestyle diseases.
Research Analysis & Highlights
As a whole, the “UAE Healthcare Sector Outlook 2018”, report thoroughly discusses the overall UAE healthcare sector, and the hospitals segment in terms of MoH, private, and other government including the demand and shortage of hospital beds and physicians as well. Moreover, the healthcare market of seven emirates is also discussed in detail. Additionally, the medical devices and pharmaceutical market of the UAE are also analyzed. Apart from the statistical data analysis highlighted above, qualitative data in across the numerous market attractions, industry trends, government regulations across various markets, and the initiatives undertaken by the UAE government are also elicited exhaustively.
The competition across the UAE healthcare sector, including the pharma and medical devices segment, is intensifying with the days passing by. With new service providers entering the market, increase in the number of PPPs, and several government initiatives undertaken by the UAE govt. in order to facilitate the buoyancy of the healthcare services across the emirates, the healthcare market of the UAE is bound to witness a swift growth in the years to come.
Some of the key findings of the report are:
- UAE posing itself as a medical tourism destination
- UAE’s pharmaceutical market is dominated by imports
- UAE’s medical devices market is the second largest market of the Gulf States after Saudi Arabia
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