Healthcare spending in the GCC forecast to reach USD 99.6 billion in 2023

Healthcare spending in the GCC forecast to reach USD 99.6 billion in 2023

Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), launched a major whitepaper titled ‘Emerging Opportunities In Middle East Healthcare’ at Arab Health. The study underlines the growth of the GCC and wider MENA healthcare landscape over the past decade and shines light on the opportunities for investors.

Key findings from the whitepaper forecast healthcare spending in the GCC will grow at a CAGR of 4.9 percent to USD 99.6 billion in 2023 from USD 86.2 billion in 2020, with the UAE and Saudi Arabia commanding approximately 80 percent share of the total spending.

The report highlights a renewed focus on healthcare as a holistic rather than symptomatic issue, further amplifying opportunities in the preventive medicine sector, especially as the governments are increasingly aligned with World Health Organisation’s approach. Additionally the whitepaper acknowledges recent regulatory changes in Dubai’s healthcare sector to improve efficiencies, and an increasing focus on private-public partnership projects, which Dubai Healthcare City is leading the way on, as a primary enabler of industry growth.