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 In a report released by KFH Research Limited about the future status of the healthcare sector in the GCC, the experts expected the healthcare market to triple within the coming years to reach $55bn in 2020, indicating several factors will increase the demand of this market which is estimated now at $18bn.
The rapid growth in population rate and the increment of expenditure per capita in the GCC on healthcare is considered to be the most important factors.
The report indicates that the estimated value of healthcare projects in the coming future in GCC will reach $10bn.
The report highlights the limited role of the private sector in the GCC in this sector, as its contribution from the general expenditure will not exceed 25%.
The report briefed the important role of the private sector while the GCC governments won't be able to handle all healthcare expenditures alone in the coming years. The report details follow:
The Sector's Reality Worldwide
The global healthcare economy is growing faster than global GDP, with its share of world GDP rising to 9.7% in 2007 from 9.2% in 2000.
This represents a growth of more than 40% in the world's healthcare expenditure over the 5-year period, adjusted for inflation.
Healthcare sectors in emerging markets, in particular, are recording robust growth driven by rising costs, ageing populations, increased burden of diseases and antiquated healthcare systems, all of which are forcing fundamental changes in their healthcare systems. |
Jazeera Airways, the Middle East's regional carrier, today announced its further expansion into the regional market with the launch of non-stop flights to Lahore - the airline's first destination in Pakistan. 