DUBAI HEALTHCARE CITY STUDY REVEALS KEY SECTOR TRENDS AND OPPORTUNITIES FOR MENA REGION’S HEALTH INDUSTRY

Monday, Jan 30, 2023

• Healthcare spending in the GCC is forecast to reach USD 99.6 billion in 2023 from USD 86.2 billion in 2020
• DHCC’s total economic contribution to the GDP of Dubai reached AED 2.8 billion in 2021
• Despite pandemic-related restrictions on global travel, Dubai doubled the number of health tourists in 2021 with international visitors spending USD 198 million on healthcare

Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), today launched a major whitepaper titled ‘Emerging Opportunities In Middle East Healthcare’ which reveals in-depth insights into the regional healthcare sector, with special focus on the GCC.

The study, the latest initiative in DHCA’s mission to contribute to the development of the healthcare sector in line with Dubai’s goal to become one of the world’s top 10 healthcare destinations, underlines the growth of the GCC and wider MENA healthcare landscape over the past decade and shines light om the opportunities for investors. 

Key findings from the whitepaper forecast healthcare spending in the GCC will grow at a CAGR of 4.9% to USD 99.6 billion in 2023 from USD 86.2 billion in 2020, with the UAE and Saudi Arabia commanding approximately 80% share of the total spending.

The report highlights a renewed focus on healthcare as a holistic rather than symptomatic issue, further amplifying opportunities in the preventive medicine sector, especially as the governments are increasingly aligned with World Health Organisation’s approach. Additionally the whitepaper acknowledges recent regulatory changes in Dubai’s healthcare sector to improve efficiencies, and an increasing focus on private-public partnership projects, which Dubai Healthcare City is leading the way on, as a primary enabler of industry growrth.

Commenting on the whitepaper launch, Salim Dahman, Marketing and Communication Director, DHCA, said: “Since DHCC was launched in 2002, we have dedicated our efforts to realise Dubai’s goals of becoming a global leader in healthcare and wellness. To be able to address market demand, it is vital to understand its realities; and this whitepaper will help us to cater to the needs of our partners and the wider healthcare industry.”