Healthcare sector to grow by 8.5% – GulfToday

Healthcare sector to grow by 8.5% – GulfToday

The UAE healthcare sector is growing rapidly and contributing heavily to national economy. A recent report predicted that the UAE healthcare market will see 8.5% growth by 2023.

Global healthcare market is expected to grow at a CAGR of 8.9% to nearly $11,908.9 billion by 2022, according to Research and Markets forecast.

The current situation is driving demand for digital health. Technologies as Artificial Intelligence (AI) and robotics are now being used to provide innovations such as tele medicine, automated tests, etc. The market for medical technologies in the region is expected to reach $31.6 billion by 2025.

“The healthcare sector is witnessing an uptick given the introduction of new technologies. The pandemic has further accelerated the sector, with the industry now adapting to structural shifts to cater to the demands of health-conscious and digital savvy population. Although still