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FINANCIAL NEWS
GCC healthcare sector to reach USD69b by 2018
27 Apr 2014
(MENAFN) According to a new report by Alpen Capital, GCC healthcare sector in forecasted to grow by 12 percent in four years on an annual rate, reaching USD69.4 billion from USD39.4 billion in 2013, Arabian Business reported.
The reported added that outpatient is expected to account for 79 percent, while inpatient markets 21 percent of the overall market size.
Saudi Arabia will continue to top the list of the healthcare market, with 58.2 percent of the total market size in 2018, Alpen said, adding that Qatar and the UAE are projected to be the fastest growing markets throughout the GCC.
“The GCC region is poised for an unprecedented surge in healthcare consumption driven by robust population growth and rising income levels,” said the managing director of Alpen Capital.
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