Poised to touch the mark of nearly US$ 34 Billion by 2018, the UAE healthcare sector is estimated to grow at a CAGR of over 13% during 2013 to 2018. One of the major trends observed in the UAE health/hospital industry was the growth in number of people looking to undergo knife for aesthetic procedures. The United Arab Emirates is becoming a hotspot for people seeking cosmetic and plastic surgery, as the country combines excellent results with cheap costs. According to DHA, of the total 68,000 cosmetic procedure seekers visiting Dubai last year, 13,000 were Emirati women and 2,000 were Emirati men. The top five cosmetic procedures are liposuction or lipoplasty, rhinoplasty, breast augmentation or lift, face lift and stomach tuck. Cost is a major factor driving foreigners to UAE.
To tap the demand, many international service providers have flocked to UAE. UK-based Elite Cosmetic Surgery Group opened a UAE branch at Dubai Healthcare City (DHCC), prompted by the flow of enquiries from the Middle East. The UAE ranks high in terms of the volume of plastic surgeons working here. According to Dr Luiz Toledo, a Dubai-based surgeon, the UAE has one plastic surgeon for every 18,000 people, compared to one for every 50,000 in the US. This itself reflects the potential of cosmetic procedures in the country.
As a whole, the “UAE Healthcare Sector Outlook 2018” report thoroughly discusses the overall UAE healthcare sector, and the hospitals segment in terms of MoH, private, and other government including the demand and shortage of hospital beds and physicians as well. Moreover, the healthcare market of seven emirates is also discussed in detail. Additionally, the medical devices and pharmaceutical market of the UAE are also analyzed. Apart from the statistical data analysis highlighted above, qualitative data in across the numerous market attractions, industry trends, government regulations across various markets, and the initiatives undertaken by the UAE government are also elicited exhaustively.
The competition across the UAE healthcare sector, including the pharma and medical devices segment, is intensifying with the days passing by. With new service providers entering the market, increase in the number of PPPs, and several government initiatives undertaken by the UAE govt. in order to facilitate the buoyancy of the healthcare services across the emirates, the healthcare market of the UAE is bound to witness a swift growth in the years to come.
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