GCC healthcare market to increase at 12.1 percent
17 Feb 2016
(MENAFN) The GCC healthcare market is predicted to grow at 12.1 percent from an estimated USD 40.3bn last year to USD 71.3bn in 2020.
Moreover, the outpatient market is expected to reach USD 42.4bn in 2020, while the inpatient market will grow from USD 16.4bn to USD 28.9bn across the same period.
Additionally, the market in each GCC country forecasted to spread by 11 percent and 13 percent between 2015 and 2020 in terms of annual average growth rates.
The Saudi Arabian healthcare market is predicted to touch USD 27.4bn in 2020, recording an 11.0 percent from 2015, while in the UAE is projected at USD 19.5bn.