The healthcare industry in the United Arab Emirates and the opportunity in the Dubai health sector

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Despite Dubai’s economic slump, the healthcare sector has grown at a rapid pace, attracting significant international corporations to the market. The tendency is similar in the other emirates. Dubai’s ambition is to become a global destination for both local and international patients, as well as a destination for medical tourists from all over the world, thanks to the country’s high-quality and cost-effective treatments and procedures.

Growing demand for care in the UAE

Because Dubai’s and neighbouring emirates’ populations are rising and ageing, there is a high need for healthcare, which comes at a hefty expense. The prevalence of chronic diseases in the population adds to this. As a result, another priority of the government is to attract reputable and internationally recognised health-care providers.

Dubai’s overall goal is to increase competition among healthcare providers while also raising the country’s healthcare standards. The Ministry of Health, the Health Authority of Abu Dhabi (HAAD), the Dubai Health Authority (DHA), and the Dubai Healthcare City (DHCC), among others, are now contributing to the fulfilment of this aim.

The UAE healthcare market

Over the last few years, the healthcare business has seen substantial growth, notably in medical spas. In 2015, Euromonitor International predicted that the UAE spa market would be worth USD 411 million. According to the Global Wellness Institute, the Middle East and North African region is the world’s second fastest expanding spa market.

By the year 2019, revenues in the UAE spa market are expected to reach $495 million.

The current trends in the UAE healthcare industry?

Patients in the United Arab Emirates have a tendency to overspend on high-cost medical treatments, resulting in high per capita healthcare and wellness spending. Medical prices have also risen as a result of large industry businesses, with the cost of healthcare and surgery procedures increasing by 30-40% in the last three years. This is attributable to an increase in chronic diseases, as well as overconsumption of medical services, rising expenses of medical equipment and competition for qualified specialists.

Because healthcare services account for 70% of government spending, the government intends to focus on the establishment of Public Private Partnerships to address these issues. The purpose is to stimulate private sector participation in infrastructure development, both hard and soft. This is quite likely to happen because of Dubai’s political stability.

Business opportunities?

Dubai is well-known for its specialist medical care and high-quality clinical services. Aside from specialists trained in Lasik, dental, and rejuvenation treatments, there is a continuing demand for experienced cosmetic surgeons. Rhinoplasty, hair transplantation, and liposuction are just a few of the procedures available in the male plastic surgery industry.

Long-term care facilities are in high demand due to the ageing population and the prevalence of chronic diseases. High medical expenditures also play a role, allowing for investments in home care services and private providers.

Source: Alliance experts 

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