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The Healthcare market in UAE has witnessed growth in recent years on account of rising demand for healthcare services fueled by increasing incidence of life style related diseases and expanding population base of the country. The growth in this segment has been led by inclining government investment and the private players operating in the country. More than 60% of the healthcare services in the country are provided by the Ministry of Health of UAE. With these developments The UAE Healthcare market revenues have grown at a CAGR of 8% from 2016-2022, says RNCOS in its latest research report.
According to our report, ?UAE Healthcare Sector Outlook 2022?, the government has taken great steps to enhance public health-care delivery system. The government introduced a clinical assessment programme with an objective of improving the hospital service in the emirate. With an aim of becoming the largest healthcare market in the Gulf Cooperation Council (GCC) countries, UAE government has introduced mandate insurance policy in several emirate and is also encouraging international players to invest in the country?s healthcare industry.
Currently, UAE is one of the primary countries facing a high prevalence of lifestyle diseases, including overweight & obesity, diabetes, and cardiovascular diseases. High occurrences of lifestyle-related diseases are anticipated to increase the spending on pharmaceuticals, hospital services, and medical devices considerably in future. Hence, immense opportunities are present in the UAE healthcare sector for private players to invest.
Besides working out on healthcare services across UAE?s regions and improving the quality of care, the Emirate is also witnessing new merger and acquisition while diversifying healthcare funding and encouraging the private sector to deliver healthcare services.
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