UAE- Gulf healthcare market offers six major investment opportunities

Date

1/25/2016 11:50:24 PM

(MENAFN- Khaleej Times)

Gulf healthcare market offers six major investment opportunities in 2016 as the region may see up to $4.8 billion spending on home healthcare services by 2025.

This was revealed by Ernst & Young in its latest report during the annual Arab Health Exhibition & Congress in Dubai on Monday.

Dubai is looking for manifold increase in medical tourists revenues. The emirate expects that medical tourism revenue will jump to Dh2.6 billion by 2020 compared to Dh653 million in 2012.

According to the EY 'Investment Big Bets - Healthcare and Life Sciences in the GCC' report specialised centres of excellence (CoEs) home health care services long-term and post-acute care rehabilitation (LTPAC) biotechnology medical disposables manufacturing and primary care services are key trends in the region's healthcare sector.

"The health care sector has been growing upwards of 10 per cent per annum across Mena with significant potential for growth in quality care over the next few years. Mandatory insurance has been and will continue to be a big driver particularly in Qatar Saudi Arabia and parts of the UAE. Equally many GCC governments are in the middle of overhauling their public health systems paving the way for considerable further opportunity for the private sector to fill the capacity and quality gaps.

Despite investment in recent years demand for quality care continues to outpace supply as GCC countries continue to rank among the highest in the world on risk factors related to chronic lifestyle ailments such as diabetes hypertension cardiovascular conditions and obesity.

"It is critical now more than ever to invest in the key areas that can accelerate the development of healthcare in the region. While the private sector is aiming high the winners will focus on the right propositions delivery models and partnerships. On the ground execution of patient-centric models will be the long-term differentiator" EY partner Amit Zushi said in a statement.

Demand for specialised Centers Of Excellence or CoE is growing rapidly as the burden of disease shifts from the public sector to the private sector. Most GCC public hospitals are functioning at over 80 per cent bed capacity which is putting pressure on the private sector and specialised clinics to service more patients.

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