Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Deloitte Increasing health care spending in GCC countries  Join our daily free Newsletter

MENAFN Press - 04/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) According to Deloitte's new report, "Global health care outlook: Shared challenges, shared opportunities", a growing and aging population coupled with increasing total health care expenditures per capita, are boosting health care industry growth in the Gulf Cooperation Council (GCC) - specifically in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). However, continued pressures on cost, lack of access to medical care, and market conditions will present serious health care industry challenges in 2014. Additionally, the sector will need to engage public and private organizations on the health care value chain to deliver innovative solutions to address local needs if it wants to succeed in addressing emerging market growth and the world's aging population challenges in the coming years



The Deloitte report examines the current state of the global and regional health care sector, and provides a snapshot of activity in a number of geographic markets, including Saudi Arabia. The report further suggests considerations for stakeholders as they address funding, cost, and other issues while seeking to grow revenue and market share in 2014 and beyond.



The GCC's population is expected to increase by five percent year-on-year, driven mainly by the influx of expatriates. While the dominant age group is estimated to be 30-44 year olds, the 45-65 and 65 age groups are expected to grow cumulatively by an average of four to five percent between 2011 and 2020. Among other favorable trends in the region are continually improving health care standards; governments' increasing investments in technological advancements and health awareness; the growth of smaller health care clinics and ambulatory centers; and a strong medical tourism industry



"Saudi Arabia provides a snapshot of GCC health care challenges and opportunities. Its spending of 4.3 percent of GDP is less than half of the OECD average. However, health care provision in Saudi Arabia is uneven. It is concentrated in urban centers and some desert communities do not have regular and reliable access to good-quality health care," explains Dr Hassib Jaber, consulting partner and health care and life sciences leader at Deloitte Middle East. "The government is trying to address this imbalance and has identified investment in health care infrastructure as a priority."



Moreover, health care delivery in the Middle East is dominated by the public sector. A key challenge facing the region's governments is to provide a framework that enables the private sector to participate more fully in the health care system and supplement state systems that are heavily dependent on fluctuating oil revenues.



"Increased private sector participation should help the region achieve its overall goal to improve access and quality; however, creating such a framework is likely to require policy changes, industry restructuring, and new incentives. Adding complexity, the Middle East has a significant shortage of local health care talent, as numbers indicate the dominance of expat communities in both the nursing and physician professions," concludes Jaber



To read the "Global health care outlook: Shared challenges, shared opportunities" report, go to: http://bit.ly/N6FPOY


About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.About Deloitte & Touche (M.E.):Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is the first Arab professional services firm established in the Middle East region with uninterrupted presence since 1926.Deloitte is among the region's leading professional services firms, providing audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with around 3,000 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has received numerous awards in the last few years which include Best Employer in the Middle East, best consulting firm, and the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW).

 


MENAFN Press




  MENA News Headlines
 Nov 27 2014 - Islam a 'religion' of peace Al-Ghanim tells Pope FrancisArab Times
(MENAFN - Arab Times) VATICAN CITY Nov 26 (KUNA): Kuwait's National Assembly Speaker Marzouk Al- Ghanim met here on Wednesday with Pope Francis and Vatican Prime Minister Pietro Parolin. Following ...

 Nov 27 2014 - Gulf police to spearhead security integrationArab Times
(MENAFN - Arab Times) KUWAIT CITY Nov 26 (KUNA): Everyone must do their part in curbing the spread of crimes especially drug smuggling in order to protect the youths who are considered the real ...

 Nov 27 2014 - UAE- Nawaz Sharif calls for dispute-free South AsiaKhaleej Times
(MENAFN - Khaleej Times) Pakistan premier says joint efforts needed to fight poverty illiteracy. Kathmandu: Prime Minister Nawaz Sharif said on Wednesday that his vision for the region was of a ...

 Nov 27 2014 - UAE- Boy with fake gun dies after shot by US officerKhaleej Times
(MENAFN - Khaleej Times) The boy did not make any verbal threats but grabbed the replica handgun after being told to raise his hands Tomba said. Cleveland police investigating a scene after an ...

 Nov 27 2014 - UAE- Kim Kardashian on perfume pregnancy and parenthoodKhaleej Times
(MENAFN - Khaleej Times) Reality TV juggernaut Kim Kardashian promoting her new fragrance in Dubai reveals shed love to open a hotel here one day. The controversial reality star touched down in ...

 Nov 27 2014 - UAE- Aretha Franklin blasts author of unauthorised bioKhaleej Times
(MENAFN - Khaleej Times) In a statement Aretha Franklin called David Ritzs Respect: The Life of Aretha Franklin a trashy book. The queen of soul says don’t waste your money — or soul ...

 Nov 27 2014 - UAE- La Porte des Indes offers a twist on Indian favouritesKhaleej Times
(MENAFN - Khaleej Times) Elements including curried scallops tandoori broccoli lamb chops prawns and saffron rice end up being an extremely satisfying experience. They’re not two world ...

 Nov 27 2014 - UAE- Celeb Whispers: Latest gossip from BollywoodKhaleej Times
(MENAFN - Khaleej Times) Kanganas manager told us that she is working on back-to-back projects hence she does not have any time to head out on the marketing trail for Ungli. What made Salman ...

 Nov 27 2014 - UAE- Star Wars spin off to focus on bounty huntersKhaleej Times
(MENAFN - Khaleej Times) Director Gareth Edwardss untitled Star Wars spin-off movie will focus on a group of bounty hunters according to blog Slash Film reports contactmusic. Los Angeles: The ...

 Nov 27 2014 - UAE- Vettel spotted in Ferrari garageKhaleej Times
(MENAFN - Khaleej Times) Vettel was confirmed by the Prancing Horse during the Abu Dhabi GP which also confirmed Fernando Alonsos departure. Abu Dhabi — Despite Red Bull having blocked his ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help