UAE’s expenditure when it comes to healthcare is expected to reach $2.4 billion in 2025 and $3.6 billion by 2030, according to the latest research report released by Colliers International Healthcare Analysis.
According to the research report, UAE’s healthcare expenditure has grown at a compound annual growth rate of 8.8 percent between 2011 and 2019.
With regard to Colliers International Healthcare Analysis’ report on UAE’s healthcare expenditure, Ross Williams, Exhibition Director of Arab Health told the media that, “Business confidence in the healthcare sector in the GCC and the broader Middle East and North Africa (MENA) region is understandably buoyant. Increases in healthcare spending from private and public sources are the most significant drivers, closely followed by the rapid market and infrastructural growth.”
He added, “An increased focus on medical tourism and mandatory medical insurance, which will continue to encourage spending and contribute to a more integrated health system, are spearheading exponential growth over the coming years.”
According to the UAE Healthcare Sector Outlook 2023, the UAE’s healthcare sector is witnessing significant growth. It also highlights the UAE government’s efforts to expand its healthcare system and also upgrade it to international standards.
The report revealed that over the years, UAE has witnessed many merger and acquisition deals and strategic alliances between healthcare companies, both public and private. The government is also encouraging greater private participation in the UAE’s healthcare sector.
According to reports, the Middle East healthcare sector is expected to attract $200 billion in the next five years. Currently, opportunities for investors are abundant in the Middle East healthcare sector.