UAE Business: Hospital Projects Forum takes off focusing on $243bn market – Gulf Digital News

UAE Business: Hospital Projects Forum takes off focusing on $243bn market – Gulf Digital News

Healthcare market opportunities, especially the new hospital projects in the Middle East and Africa (Mena) region, worth $68.8 billion, come under sharp focus at the Mena Hospital Projects Forum 2022 that took off on June 9.

More than 250 delegates including senior government officials, project owners, developers, healthcare industry experts and key stakeholders are examining and discussing these opportunities, including the growing opportunities in the $243.6 billion healthcare sector at the two-day forum.

With a young and vibrant population that is growing at a fast pace, the Mena region will need a large number of hospital beds, clinics, pharmacies, operation theatres, medical laboratories, physiotherapy centres and associated facilities in the coming decades.

Significant growth

The high-profile international conference takes place at a time when the healthcare sector in the Middle East and North Africa (Mena) region is witnessing a phase of significant growth due to increased demand for healthcare services. A recent report by Fitch Solutions predicts that the Mena region’s healthcare market is projected to grow at a compound annual growth rate (CAGR) of 11.7% from $185.5 billion in 2019 to $243.6 billion in 2023.

Dr Younis Kazem, CEO of Dubai Healthcare Corporation, said, his organisation has published a roadmap for public-private partnership (PPP)