Medical & Bio TechnologyMONDIALAB PRO UAE Healthcare

A report issued back in August 2019 states medical tourism growth supported by government-led initiatives and the rising number of tourists in the United Arab Emirates. 

Medical tourism receipts in the UAE increased 5.5% year-over-year to reach AED 12.1 billion ($USD 3.3bn) in 2018, it was revealed. The growth was supported by several government-led initiatives and the rising number of medical tourists in the country, according to new analysis released by the Dubai Chamber of Commerce & Industry. The report said growth momentum behind medical tourism in the UAE is expected to continue over the coming years, with sales in this sector projected to grow at a compound annual growth rate reaching an estimated value of AED 19.5 billion ($USD 5.3bn) by 2023.

The report went on to note that Expo 2020 and continued development of the healthcare sector is projected to drive growth in the near future, in addition to Dubai Government’s target to attract more than 500,000 medical tourists by 2020. The analysis, based on data from Euromonitor International and Fitch Solutions, found that overall health expenditure in the UAE amounted to an estimated AED 50.3 billion ($USD 11.8bn) in 2018, a 5.4% increase compared to 2017.

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Arabian Business,  August 2019