Taking the pulse of GCC healthcare sector
Monday, 01 30 2017, Category: Health, Country: Gulf Cooperation Council
Gulf states continue to channel sizable funds into their healthcare sectors, despite an austerity drive triggered by low crude oil prices over the past two years.
Governments across the Gulf Cooperation Council (GCC), especially Saudi Arabia and the United Arab Emirates (UAE), have allocated billions of dollars to the sector and introduced new reforms aimed at keeping it in a healthy condition.
According to Alpen Capital, the region’s healthcare market is set to reach $71.3 billion in 2020, from $40.3 billion in 2015, growing at an impressive compounded annual growth rate of 12.1 percent.