UAE spends about 3.5% of GDP on healthcare: Expert

UAE spends about 3.5% of GDP on healthcare: Expert

The UAE government has allocated Dh4.9 billion (8.4 per cent of the total budget) to healthcare and community protection in the federal budget for 2022-26.

The UAE spends about 3.5 per cent of its gross domestic product on healthcare, with about 70 per cent from public spending and only 30 per cent from the private sector, said Dani Tabbara, chief operating officer of Al Tamimi Investments, a leading investments firm in the UAE.

He noted that the UAE Government has allocated Dh4.9 billion (8.4 per cent of the total budget) to healthcare and community protection in the federal budget for 2022-26.

“The UAE is an important market for healthcare in the region. As one of the most economically developed and diversified markets in the Middle East, the UAE has a strong healthcare infrastructure driven by robust technologies,” said Tabbara.

“In addition, the government’s commitment to digital healthcare is one of the key drivers of growth within the country’s healthcare market.”

According to the expert, the market for digital health technologies, particularly artificial intelligence (AI), machine learning (ML) tools in healthcare is forecast to top $20 billion in 2023

The global healthcare industry is expected to grow by $563.59 billion during 2023-27, accelerating at a compound aggregate