Healthcare: Growth behind the mask
With the COVID-19 pandemic ushering in a new era for healthcare, this week we focus on the sector’s resilience through the pandemic. In the GCC, the surge in demand, along with new government strategies and regulatory reforms are propelling private investment. The increase in investment will lead to a significant expansion in healthcare provision and will create attractive opportunities for private sector participation.
While the GCC remains behind the global average in healthcare expenditure, budget allocations have been increasing significantly. We expect this trend to continue as governments work to meet the growing demand. demand is being driven by growing populations, mandatory health insurance, and a high rate of lifestyle-related diseases such as diabetes. Supply constraints in terms of the availability of medical professionals and bed counts are still a challenge, but this is expected to change. COVID-19 vaccine developments in the region are likely to boost the supply and infrastructure of the industry even more rapidly. We highlight interesting new Sino-MENA collaboration in this field.
Next week, we will be publishing an extended outline covering our main insights for the next quarter as we forge ahead with our Q4 MENA Outlook report.
The latest include: