Thursday, December 15, 2011

UAE Healthcare Industry Set for Incessant Growth by Shushmul Maheshwari

According to our latest research report “UAE Healthcare Sector Forecast to 2012”, the UAE healthcare industry has been witnessing constant expansion for last few years. Various factors such as government’s initiatives, investments in healthcare infrastructure, rising population, changing social demographics, increasing incidences of chronic and lifestyle diseases and the emergence of insurance-based services have added to the superfluous growth in the healthcare industry.

We have done an extensive research on the UAE healthcare industry in order to understand the factors that will continue to serve as growth driver for the market in the UAE over the forecast period (2010-2013). We have identified that the country has attracted many international companies in the healthcare sector apart from disease management systems, technologies for information management and healthcare decision support; centralized services including laboratories and hospital management and health promotion and wellness services in recent years. Therefore, future of the UAE healthcare industry remains pleasantly buoyant and it is expected that the industry will grow at a CAGR of around 18% during 2010-2013. The optimistic outlook of the UAE healthcare industry is based on the fact that the burden of diseases has been increasing along with the rising awareness about healthcare among people.

Our research indicates that the UAE healthcare industry shows immense growth potential and requires the attention of existing as well as new players. There is a high demand for hospitals services and experienced healthcare professionals. The country is highly dependent on the imported drugs, thereby giving room to the private players to set up their own manufacturing capacities in the country. Further, the medical devices industry is expected to witness substantial growth in coming years owing to strong investment by both the private and public sectors in setting up hospitals and clinics, which will create a strong demand for medical equipment and supplies. In addition, the report gives an overview of the factors that may hinder growth of the healthcare industry in coming years.

“UAE Healthcare Sector Forecast to 2012” provides an extensive research and rational analysis along with reliable statistics of the UAE healthcare industry. It covers major industries and segment-wise break up to give strategic insight into the market. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years.

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