UAE Hospital Market to be Dominated by In-Patient Services till 2027
Growing privatization of hospitals
and rise in initiatives by government to attract foreign investments is
expected to drive the demand of UAE Hospital Market in the forecast period,
2023-2027.
According to TechSci Research report, “UAE
Hospital Market By Ownership (Public v/s Private), By Type (General,
Specialty, Multi- Speciality), By Type of Services (In-Patient Services v/s
Out-Patient Services), By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500
beds), By Region, Competition Forecast & Opportunities, 2027”, the UAE hospital market is expected to witness impressive growth in
2023-2027. The growing old age population suffering from various chronic
diseases, including cardiovascular and neurological disorders, requires
treatment from healthcare institutions.
UAE has a strong healthcare infrastructure, and the government is
investing in the development of world-class healthcare infrastructure, owing to
which the healthcare industry is growing rapidly. The UAE hospital market is
continuously growing to meet the growing requirement of population and meet the
national ambition to become a medical hub for other countries.
The Ministry of Health is modernizing the healthcare infrastructure with
the latest technology by treating and preventing the occurrence of
non-communicable diseases all over the country. Increased government focus and
rise in the number of market players investing in the construction of more
hospitals are expected to boost the UAE hospital market growth through the next
five years.
However, the lack of skilled healthcare professionals may restrain the
UAE Hospital market growth for the forecast period.
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The UAE Hospital market is segmented into ownership,
type, type of services, bed capacity, regional distribution, and company.
Based on ownership, the market is divided into public and private.
Public hospitals are dominating the market and are expected to maintain their
dominance throughout the forecast period, 2023-2027. Public hospitals are
maintained by the government and non-profit entities with an aim to provide
quality and cost-effective healthcare services to patients.
Patients prefer to visit hospitals with a large number of skilled
healthcare professionals and offer affordable treatment facilities. With the
growing investments and hospital infrastructure development by leading
authorities, the UAE hospital market is expected to grow at a significant rate
in the forecast period.
Based on type, the market is divided into general, specialty, multi-
speciality. Multi-speciality segment is anticipated to account for significant
market share in the forecast period. People prefer to visit multi-speciality
facilities as they provide quality treatment to different diseases under a
single roof and employ a specialist to treat the patients.
Based on the type of services, the market is divided into in-patient
services v/s out-patient services. In-patient services are expected to capture
the largest market share in the forecast period owing to the need for
hospitalization procedures that require long hospital stays.
Patients admitted at hospitals are provided day-night care along with
medicine and lab test facility. Laboratory tests and medicines are of hefty
amounts, and the growing prevalence of various disorders is fueling the demand for
in-patient services throughout the next five years.
Major market players operating in the UAE hospital market are:
·
NMC Healthcare
·
University Hospital Sharjah
·
Thumbay University Hospital
·
Rashid Hospital
·
Hatta Hospital
·
Dubai Hospital
·
Latifah Hospital (Al Wasl Hospital)
·
Jebel Ali Hospital
·
American Hospital Dubai
·
Emirates International Hospital
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“Supportive government policies and initiatives such as UAE
vision 2040 are expected to create lucrative growth opportunities for UAE
Hospital Market. The development of advanced telecommunication infrastructure
and the expected roll-out of 5G technology is expected to proliferate the
demand for telemedicine services across the country. Patients are expected to
prefer telemedicine and remote consultation services to seek quality healthcare
services from the comfort of homes. The continuous evolution of the healthcare
industry and growing investments in installation of advanced medical equipment
and technology by hospitals is expected to propel the UAE hospital market
growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“UAE
Hospital Market By Ownership (Public v/s Private), By Type (General, Specialty,
Multi- Speciality), By Type of Services (In-Patient Services v/s Out-Patient
Services), By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500 beds), By
Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth
potential of UAE Hospital market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in UAE Hospital
market.
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