The Alpen Capital’s GCC Healthcare Industry report issued in February 2016 has forecast growth of the GCC healthcare market from $40.3 billion in 2015 to $71.3 billion in 2020, with hospital beds reaching 113,925.
According to the same report, the UAE healthcare market is projected to top $19.5 billion by 2020, achieving an annual average growth of 12.7 per cent. The number of hospital beds will increase at nearly three per cent annually to cross 13,800 beds by 2020. The Saudi Arabian healthcare market is projected to touch $ 27.4 billion in 2020, registering a CAGR of 11 per centsince 2015.
“There are more than 549 on-going projects in the region,” Ganesh Babu, Director – India & Middle East, IDE Consulting Services, said. IDE is organising GCC Healthscape Summit, a conference in Dubai on 6-7 December.
“We are happy to announce the 4th Edition of the HealthScape Summit in the Middle East. After an intensive analysis of the healthcare landscape in the GCC region we have come up with accurate data on regional projects, existing and upcoming, and their procurement prospects. We know, for instance, that by 2020, the healthcare sector will have over 114,000 beds. This summit is therefore a unique opportunity to clinch huge deals and build partnerships,” Babu said.
“At this summit, stakeholders in the healthcare market from UAE, KSA, Kuwait, Qatar, Bahrain and Oman will be interacting directly with global suppliers who will present the latest innovations related to medical equipment, furniture, automation, information and communication technology and safety and security systems, among others,” he added.