UAE healthcare expenditure to top US$3.6 billion by 2030
Thursday, 10 03 2019, Category: Health, Country: U.A.E
Latest research figures released by Colliers International Healthcare Analysis, revealed that healthcare spending in the UAE is expected to reach US$2.4 billion by 2025 and $3.6 billion by 2030.
The results were revealed at Arab Health, an exhibition for the healthcare and trade professions in the MENA region, which saw $824 million in business generated by exhibitors during the 2019 edition of the show, a year-on-year (YoY) increase of 5.9 percent.
According to the Colliers reseearch, healthcare spending in the UAE alone has grown at a Compound Annual Growth Rate, CAGR, of 8.8 percent between 2011 and 2019, and is expected to reach $2.4 billion by 2025 and $3.6 billion by 2030. Saudi markets are predicted to show more pronounced growth, with CAGR reaching 12 percent during the same period, with the Kingdom's healthcare expenditure predicted to top $160 billion by 2030.
Source: Emirates News Agency