UAE Hospital Market to grow with a CAGR of 6.87%.
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the UAE Hospital Market.
According to TechSci Research report, “UAE
Hospital Market Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”,
UAE Hospital Market has valued at USD 48.63 billion in 2022 and is anticipated
to witness an impressive growth in the forecast period with a CAGR of 6.87%
through 2028. This can be
due to collaborations and partnerships among leading companies with a diverse
approach to merge the expertise of individual companies and to strengthen their
position.
A focus on preventive healthcare is a
significant driver of the demand for hospital services. Preventive healthcare
emphasizes measures taken to prevent the onset or progression of diseases and
conditions, and it often involves routine screenings, vaccinations, lifestyle
modifications, and early interventions. Preventive
healthcare encourages individuals to undergo regular check-ups and health
screenings. Hospitals play a crucial role in providing these services, offering
a comprehensive assessment of an individual's health and identifying potential
risks or early signs of diseases. Hospitals are key providers of vaccination
services, administering vaccines to prevent infectious diseases. Public health
campaigns promoting vaccinations contribute to increased demand for hospital
services, especially during vaccination drives.
Hospitals often organize wellness
programs and health promotion initiatives to educate the public about healthy
lifestyle choices. These programs may include fitness classes, nutritional
counseling, and stress management sessions, driving individuals to seek
hospital-based preventive services. Preventive healthcare involves managing
risk factors for chronic diseases, such as diabetes, hypertension, and heart
disease. Hospitals provide services for risk factor assessment, lifestyle
counseling, and personalized plans to prevent or manage chronic conditions.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " UAE Hospital Market”
In June 2022, once again, healthcare
systems are embracing technological models to extend the reach of care
delivery. In the United Arab Emirates (UAE), healthcare experts are
incorporating virtual reality (VR) and augmented reality (AR) into the
healthcare landscape. The Thumbay Group is gearing up to launch the world's
first metaverse hospital in the UAE this October, aiming to further dissolve
the boundaries of healthcare accessibility globally. This innovative approach
enables patients to engage in immersive remote consultations with healthcare
providers through their avatars, all from the comfort of their homes. This not
only addresses the challenges of long waits and geographical barriers but also
allows patients to interact with their doctors in a virtual hospital setting during
consultations.
Health
insurance and billing issues have been recognized as challenges in the UAE
Hospital Market. The complexities involved in health insurance processes,
including claim submissions, approvals, and reimbursements, can pose challenges
for hospitals. Navigating through various insurance policies and requirements
may result in delays and administrative burdens. The variability in insurance
coverage among different plans and providers can lead to discrepancies in
billing and reimbursement. Hospitals must manage a diverse range of insurance
policies, each with its own set of terms, conditions, and coverage limitations.
Delays
in the reimbursement process from health insurance providers can impact the
cash flow of hospitals. Timely and accurate reimbursement is crucial for
sustaining operations and maintaining financial stability. Claims,
denials and disputes with insurance providers are common challenges. Hospitals
may face difficulties in obtaining approvals for certain procedures, and denied
claims can result in financial losses for both healthcare providers and
patients.
UAE Hospital Market is
segmented based on Ownership, Type of Services, Type, Bed Capacity, and by
region.
Based on the Type, UAE
Hospital Market is
segmented into General, Specialty, Multi-Specialty. A specialty hospital is a
medical facility that focuses on providing specialized healthcare services and
expertise in specific medical areas or fields. Unlike general hospitals that
offer a broad range of medical services and treat various medical conditions,
specialty hospitals are designed to cater to the needs of patients requiring
specialized care in a particular discipline or medical specialty. Specialty hospitals are
dedicated to a specific medical specialty or field. Examples of specialty
hospitals include those specializing in cardiology, orthopedics, oncology,
neurology, women's health, pediatrics, and various surgical specialties.
These hospitals
typically attract patients who have specific medical conditions related to the
hospital's area of specialization. Patients seeking advanced or highly
specialized treatments in a particular medical discipline may choose specialty
hospitals for their expertise.
Based on Region, Abu Dhabi region held the largest share
in the UAE Hospital
Market. Abu Dhabi has implemented comprehensive
health insurance coverage for its residents, ensuring that a significant
portion of the population has access to healthcare services. This facilitates
increased utilization of healthcare facilities in the region. The Abu Dhabi
government has shown a commitment to promoting preventive healthcare measures.
Initiatives such as health awareness campaigns and screening programs
contribute to the overall health of the population and reduce the burden on the
healthcare system. Abu Dhabi has implemented robust regulations and standards
in the healthcare sector, ensuring the delivery of high-quality and safe
healthcare services. Compliance with these standards is crucial for healthcare
providers operating in the region. The population of Abu Dhabi has been growing
steadily, with a diverse demographic. This growth and diversity contribute to
increased demand for healthcare services, prompting the continuous expansion
and development of healthcare infrastructure.
Some of the major companies operating in
the UAE Hospital
Market include:
- NMC
Healthcare
- University
Hospital Sharjah
- Thumbay
University Hospital
- Rashid
Hospital
- Hatta
Hospital
- Dubai
Hospital
- Latifah
Hospital (Al Was! Hospital)
- Jebel Ali
Hospital
- American
Hospital Dubai
- Emirates
International Hospital
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“Certain areas,
particularly in Dubai, are projected to exert significant demand for Hospital.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people each
year, are expected to contribute to a remarkable growth of the UAE Hospital
Market in the forecast period," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Global management consulting firm.
UAE Hospital Market by Ownership
(Public, Private), By Type (General, Specialty, Multi-Specialty), By Type of
Services (In-Patient Services, Out-Patient Services), By Bed Capacity (Up to
100 beds, 100-500 beds, above 500 beds), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Hospital Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in UAE Hospital Market.
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