If you've been tracking UAE's stellar economic growth in the recent past, you'd be aware that the country is the most diversified market today.
Every sector is all set to benefit positively from the incoming reforms. But for the healthcare sector, it looks like the sky's the limit.
With telemedicine apps, bots, medical tourism, etc., UAE has excelled in remote healthcare delivery. So what makes UAE's healthcare sector a global talking point today?
Let's find out.
Component #1: Financial growth
There will be a whopping 10% growth in the CAGR for the UAE Healthcare sector between 2019 to 2023. The factors responsible:
The focus is on encouraging healthcare facilities to offer as many health services as possible so that the accessibility of healthcare in the UAE increases manifold.
Component #2: Digital adoption
Several instances of digital adoption in the UAE are:
Component #3: Medical tourism and migrations
The UAE is in a prime position today to boost its medical tourism. How?
Component #4: Fastest growing domains
The UAE Pharma industry is a key beneficiary of the growing healthcare sector. Here's how:
The growth of the healthcare IT sector is evident in two instances:
Component #5: Opportunities in UAE's Healthcare Sector
The government is pushing for greater reforms. As a result, there are several private and public hospital projects underway.
The requirement for healthcare professionals is increasing day by day in the country. It is coupled with a rising influx of medical tourists and the emergence of new variants of the COVID-19 virus.
Not just skilled doctors but also allied health staff, including nurses, lab technicians, etc., are in demand.
The Best Is Yet To Come
The UAEs Vision 2040 is a remarkable example for other countries to follow. It prioritizes healthcare development like never before. Under the purview of the same project, the industry’s overall growth is taking shape at an exponential rate today.
So, you can expect many things to come up that may change the future of UAE’s healthcare forever.