Key regions: United States, China, Germany, Japan, Europe
The healthcare industry in the United Arab Emirates (UAE) has been rapidly growing in recent years, with a focus on improving the quality and accessibility of healthcare services. This has resulted in a significant development in the hospitals market in the country.
Customer preferences: The UAE has a diverse population, with a mix of locals and expatriates from various countries. The population is becoming increasingly health-conscious, leading to a higher demand for healthcare services. Patients in the UAE tend to prefer private hospitals over public ones due to the higher quality of care and shorter waiting times. Additionally, patients often prefer hospitals with international accreditations and certifications, as they perceive them to be of higher quality.
Trends in the market: One of the major trends in the hospitals market in the UAE is the increasing number of private hospitals. Private hospitals are expanding rapidly in the country, with many new facilities being built to cater to the growing demand for healthcare services. Another trend is the focus on specialized healthcare services, such as oncology, cardiology, and orthopedics. Hospitals in the UAE are increasingly investing in state-of-the-art medical equipment and technology to provide these specialized services.
Local special circumstances: The UAE has a high standard of living, and the government has been investing heavily in the healthcare sector to provide world-class healthcare services to its citizens and residents. The country is also a hub for medical tourism, with many patients from neighboring countries and beyond coming to the UAE to receive medical treatment. This has led to the development of specialized hospitals and clinics catering to medical tourists.
Underlying macroeconomic factors: The UAE has a strong economy, with a high GDP per capita and a growing population. The government has been investing heavily in infrastructure and healthcare to support the growing population and diversify the economy. Additionally, the country has a young and educated workforce, which is driving innovation and growth in the healthcare sector. The UAE is also strategically located, making it an attractive destination for medical tourism.
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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