GCC healthcare market to hit $71.3 billion by 2020

Mubasher: The 4th GCC Healthscape summit will be held in Dubai on during 6-7 December under the theme “Enabling a healthier procurement landscape in healthcare”, according to a press release on Monday.

The GCC healthcare market is projected to rise from $40.3 billion in 2015 to $71.3 billion in 2020, with hospital beds reaching 113,925, the same report added.

The UAE healthcare market is expected to top by 12.7% to $19.5 billion by 2020, according the Alpen Capital’s GCC Healthcare Industry report issued in February 2016.

The Saudi Arabian healthcare market is projected to touch $27.4 billion in 2020, registering a CAGR of 11% since 2015.

The event is organized by IDE Consulting Services, a leading procurement consulting firm, is expected to host decision-makers and major players from regional government healthcare providers and private hospitals, along with consultants, architects health projects contractors and 160 buyers and project promoters, including representatives from healthcare complexes, multi-specialty hospitals, super-specialty hospitals, diagnostic centers and polyclinics

“There are more than 549 on-going projects in the region. 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”, said Ganesh Babu, Director - India & Middle East, IDE.

Mubasher Contribution Time: 07-Nov-2016 11:10 (GMT)
Mubasher Last Update Time: 07-Nov-2016 11:24 (GMT)