UAE healthcare market is projected to top $19.5 billion by 2020 says latest Alpen Capital’s GCC Healthcare Industry report
The 4th GCC Healthscape summit will be held in Dubai on December 6 and 7, under the theme “Enabling a healthier procurement landscape in healthcare”.
The event, organised by IDE Consulting Services, a leading procurement consulting firm, is expected to host decision-makers and major players from regional government healthcare providers and private hospitals, along with consultants, architects and health projects contractors.
“We are happy to announce the 4th Edition of the HealthScape Summit in the Middle East. After an intensive analysis of the healthcare landscape in the GCC region we have come up with accurate data on regional projects, existing and upcoming, and their procurement prospects. We know, for instance, that by 2020, the healthcare sector will have over 114,000 beds. This summit is therefore a unique opportunity to clinch huge deals and build partnerships,” said Ganesh Babu, Director – India & Middle East, IDE.
With a focus on GCC countries, the event will gather more than 160 buyers and project promoters, including representatives from healthcare complexes, multi-speciality hospitals, super-speciality hospitals, diagnostic centres and polyclinics. On the other hand, 80+ suppliers and solution providers will be there to showcase medical products and services from the healthcare-related segments of construction, architecture, interior design, engineering and technology.
The summit comes at a time when there is a rising demand for medical services and a strong governmental support to the investments in healthcare facilities.
The Alpen Capital’s GCC Healthcare Industry report issued in February 2016 has forecast growth of the GCC healthcare market from US$ 40.3 billion in 2015 to US$ 71.3 billion in 2020, with hospital beds reaching 113,925.
According to the same report, the UAE healthcare market is projected to top $19.5 billion by 2020, achieving an annual average growth of 12.7 per cent. The number of hospital beds will increase at nearly 3 per cent annually to cross 13,800 beds by 2020. The Saudi Arabian healthcare market is projected to touch US$ 27.4 billion in 2020, registering a CAGR of 11% since 2015.
“There are more than 549 on-going projects in the region. At this summit, stakeholders in the healthcare market from UAE, KSA, Kuwait, Qatar, Bahrain and Oman will be interacting directly with global suppliers who will present the latest innovations related to medical equipment, furniture, automation, information and communication technology and safety and security systems, among others,” Babuadded.
Panel discussions and presentations are planned to provide a full understanding of the GCC healthcare sector’s special characteristics and requirements, in addition to introducing distinctive projects and solutions.
IDE global is a leading regional procurement firm, with a mission of creating exclusive, captivating and unique deal flow initiatives. As one of the emerging leaders in the B2B realm, IDE is committed to creating value for each and every client by delivering remarkable experiences that build businesses.
