Private investment in UAE healthcare to rise by 9.5% annually: KPMG report

  • Date: 24-Sep-2020
  • Source: Gulf Business
  • Sector:Economy
  • Country:UAE
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Private investment in UAE healthcare to rise by 9.5% annually: KPMG report

Healthcare-related expenditure in the Gulf grew from $60bn in 2013 to $76bn in 2019 and is expected to grow to a further $89bn by 2022. This represents an overall increase of nearly 50 per cent from 2013 to 2022, a new report by KPMG shows.

Among the dynamics impacting the present and future of the UAE's healthcare sector, the KPMG report highlights the growth of private investment. The UAE government has been the primary investor in the country's healthcare sector: in 2019, it funded approximately 69 per cent of the country's total healthcare expenditure of $16 billion. From 2018 to 2022, private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 per cent, compared to a government contribution growth rate of 4.4 per cent.

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