04-May-18, International Medical Travel Journal

Gulf healthcare spending will exceed US$104 bn by 2022, from USD76.1 bn in 2017. Medical tourism is seen as an integral part of economic diversification plans in the region.

Gulf healthcare spending to exceed USD104 bn by 2022 (c) IMTJ

Image: International Medical Travel Journal

The GCC healthcare industry continues to offer a wide gamut of investment opportunities. Though traditionally regional governments played an instrumental role in building the sector, shrinking oil revenues have slowed spending.

The UAE and Oman are likely to witness growth of above 9%, thanks to a fast-growing population, mandatory health insurance and above average medical inflation. Saudi Arabia is expected to see 6.1% growth.

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