Just in:
Renewables Surge Sets Record, But Global Equity Lags // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Emirates Post Speeds Up Deliveries for GCC with Special Day // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo // Experts come together to support updating the city’s nature conservation masterplan // Universal Language for Healthcare: General Authority Embraces Global Coding System // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // US reiterates concern over Kejriwal arrest, Cong accounts // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Emirati Aid Reaches Ukraine as Food Shortages Bite // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // Global Audience to Witness Thrill of Dubai World Cup // Ingdan Announces 2023 Annual Results // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” //
HomeMiddle EastUAE healthcare market to be worth $28bn by 2021

UAE healthcare market to be worth $28bn by 2021

1490962336 2 healthcare

The UAE’s healthcare market is set to surge to more than AED103 billion ($28 billion) by 2021 – reperesenting 60 percent growth over the next five years, according to a report.

ADVERTISEMENT

Expected improvements in the quality of healthcare provision, together with rising demand for preventative care and digital medical services will help to fuel massive growth of the industry, the study by MENA Research Partners (MRP) said.

Increased investor interest in emerging sectors such as the cutting-edge medical device market will also play a role in expanding the current AED64 billion ($17 billion) market, as will medical tourism and the roll-out of mandatory health insurance.

The country’s Vision 2021 National Agenda aims to achieve a world-class healthcare system to help tackle and prevent lifestyle illnesses such as heart disease and diabetes that are prevalent in the region.

The MRP report reveals that the healthcare market has been growing at over 10 percent year-on-year since 2015, but there will be an upsurge of 15 to 25 percent in some industry subsectors over the next five years.

Anthony Hobeika, CEO at MENA Research Partners, said: “The healthcare sector in the UAE is witnessing structural shifts and changing fast to adapt to the demands of a younger, more health-conscious population asking for preventive rather than curative care and is more engaged in its own wellbeing.

“Being digitally savvy, the new generation is redrawing the blueprints of the future of healthcare in the UAE – looking for a more personalised and specialist healthcare…aided by the ever-growing digital technology in the sector.”

Source link

ADVERTISEMENT

ADVERTISEMENT
Just in:
Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Global Audience to Witness Thrill of Dubai World Cup // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // Court Sides with Coinbase on Wallet Service, But Staking Program Remains in Limbo // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // US reiterates concern over Kejriwal arrest, Cong accounts // Experts come together to support updating the city’s nature conservation masterplan // Samsung Partners National Heritage Board to Bring a Slice of Singapore’s Cultural Heritage to Samsung The Frame TV // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Ingdan Announces 2023 Annual Results // No running of govt from jail, says Delhi Lt Governor // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Party Nominees Refusing To Contest: Major Perception Threat For BJP // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // German Job Market Resilience Bodes Well for Economic Recovery //