According to our latest research report “UAE Healthcare Sector Forecast to 2012”, the UAE healthcare industry has been growing at a fast pace for the past few years. The industry’s stupendous growth rate can be attributed to various factors such as, regulatory support, high investments towards infrastructure development, rising population, and increasing cases of numerous chronic and lifestyle diseases. Additionally, the ease of procuring health insurance in the country has been a major factor in the growth of the healthcare industry.
Through the in-depth research and prudent analysis of the UAE healthcare industry, we have identified the rising popularity of the country amongst private investors. The industry is being fuelled with the latest technology in the field of diagnosis, health care services, medical devices, and other healthcare verticals. Additionally, the health consciousness of the UAE population is increasing as the awareness regarding the various diseases is on the rise in the country. On the back of these factors, the industry will maintain its buoyant state and is expected to grow at a CAGR of 18% during 2010-2013.
According to the prudent analysis of the industry and its driving factors, a high demand for hospital services has been observed in the country. Besides, the country needs more healthcare professionals to maintain a healthy doctor to patient ratio. This creates a need for a higher attention from the existing and new companies towards the hospital sector.
Moreover, there is a high need of indigenous drugs in the country as it is currently dependent on the imported drugs. It is also expected that the medical devices industry will experience a surge in capital investment to suffice the patient requirements. Apart from the growth factors for the various healthcare verticals, the report also covers threats faced by the industry as a whole.
Additionally, our report “UAE Healthcare Sector Forecast to 2012” provides a thorough study of the various industry drivers with special focus on each of the vertical segments. The industrial developments, competitive landscape, and strategic insight regarding the industry are bound to assist the clients in understanding the market requirements and growth areas in future.
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Article By: Shushmul Maheshwari