Growing privatization of hospitals and rise in initiatives by government to attract foreign investments is expected to drive the demand of UAE Hospital Market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Hospital Market By Ownership (Public v/s Private), By Type (General, Specialty, Multi- Speciality), By Type of Services (In-Patient Services v/s Out-Patient Services), By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds), By Region, Competition Forecast & Opportunities, 2027”, the UAE hospital market is expected to witness impressive growth in 2023-2027. The growing old age population suffering from various chronic diseases, including cardiovascular and neurological disorders, requires treatment from healthcare institutions.
UAE has a strong healthcare infrastructure, and the government is investing in the development of world-class healthcare infrastructure, owing to which the healthcare industry is growing rapidly. The UAE hospital market is continuously growing to meet the growing requirement of population and meet the national ambition to become a medical hub for other countries.
The Ministry of Health is modernizing the healthcare infrastructure with the latest technology by treating and preventing the occurrence of non-communicable diseases all over the country. Increased government focus and rise in the number of market players investing in the construction of more hospitals are expected to boost the UAE hospital market growth through the next five years.
However, the lack of skilled healthcare professionals may restrain the UAE Hospital market growth for the forecast period.
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The UAE Hospital market is segmented into ownership, type, type of services, bed capacity, regional distribution, and company.
Based on ownership, the market is divided into public and private. Public hospitals are dominating the market and are expected to maintain their dominance throughout the forecast period, 2023-2027. Public hospitals are maintained by the government and non-profit entities with an aim to provide quality and cost-effective healthcare services to patients.
Patients prefer to visit hospitals with a large number of skilled healthcare professionals and offer affordable treatment facilities. With the growing investments and hospital infrastructure development by leading authorities, the UAE hospital market is expected to grow at a significant rate in the forecast period.
Based on type, the market is divided into general, specialty, multi- speciality. Multi-speciality segment is anticipated to account for significant market share in the forecast period. People prefer to visit multi-speciality facilities as they provide quality treatment to different diseases under a single roof and employ a specialist to treat the patients.
Based on the type of services, the market is divided into in-patient services v/s out-patient services. In-patient services are expected to capture the largest market share in the forecast period owing to the need for hospitalization procedures that require long hospital stays.
Patients admitted at hospitals are provided day-night care along with medicine and lab test facility. Laboratory tests and medicines are of hefty amounts, and the growing prevalence of various disorders is fueling the demand for in-patient services throughout the next five years.
Major market players operating in the UAE hospital market are:
- NMC Healthcare
- University Hospital Sharjah
- Thumbay University Hospital
- Rashid Hospital
- Hatta Hospital
- Dubai Hospital
- Latifah Hospital (Al Wasl Hospital)
- Jebel Ali Hospital
- American Hospital Dubai
- Emirates International Hospital
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“Supportive government policies and initiatives such as UAE vision 2040 are expected to create lucrative growth opportunities for UAE Hospital Market. The development of advanced telecommunication infrastructure and the expected roll-out of 5G technology is expected to proliferate the demand for telemedicine services across the country. Patients are expected to prefer telemedicine and remote consultation services to seek quality healthcare services from the comfort of homes. The continuous evolution of the healthcare industry and growing investments in installation of advanced medical equipment and technology by hospitals is expected to propel the UAE hospital market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Hospital Market By Ownership (Public v/s Private), By Type (General, Specialty, Multi- Speciality), By Type of Services (In-Patient Services v/s Out-Patient Services), By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of UAE Hospital market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE Hospital market.
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