Whether you are in investor trying to diversify your portfolio or just curious about the economy of Dubai, this article has a little something to offer you. The Middle East is very well-known for its healthcare sector: huge hospitals, certified doctors, new equipment and high standards of medical services. The millionaires of the United Arab Emirates definitely appreciate high-quality medical services. Therefore, the healthcare sector has to run after innovations to keep up with the needs of any patient that they might have. Healthcare sector in Dubai is a profitable one. So, without further ado, let’s take a close look at healthcare in Dubai from an economic point of view.
The population of Dubai suffers from chronic diseases
People in Dubai are not getting younger, as the population grows old the demand for medical services increases. The government of Dubai prioritizes the health of its population, that is why they seek to keep the medical staff professional and recruit as many well-known doctors as possible. Medicine is a field of constant innovations. New equipment, pills, and treatments are invented and discovered almost every day. Dubai tries to integrate everything that can raise the quality of medical services. Under such circumstances, the healthcare sector has no other choice but to prosper and attract investors.
People in Dubai tend to overconsume expensive medical procedures
Dubai is a rich city and so are the people living there. They don’t save on their health, if a treatment method can guarantee 30% of recovery, it’s totally worth it. The companies of this industry spring up like mushrooms after rain. Competition in Dubai leads to increase in prices. So, certain medical services in Dubai are accompanied with high costs. The government actually encourages the private sector to interfere and improve the quality of healthcare even more.
Growing healthcare related opportunities in Dubai
General healthcare is a prospective investment opportunity but there are particular clinical services that have the most demand: aesthetic surgeons, dentistry, rejuvenation treatments, rhinoplasty, hair transplantation, and liposuction. The mentioned services are for the young generation of Dubai. If you want to address the needs of elderly, consider providing long-term medical services because of the increase in chronic diseases.
This was a brief overview of the healthcare sector in Dubai. 70% of the government’s budget goes to healthcare services, which means the UAE is rather serious about ensuring the reliability and effectiveness of the medical services.