Healthcare spending in Gulf seen rising to $79bn

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Spending on health care across the Gulf countries is forecast to reach about $79bn by 2015, as populations increase and governments invest oil revenue to boost their health care, Arab News reported, citing a survey by Kuwait Financial Centre (Markaz).

Public health expenditure per capita has grown at an average of 7.9 percent across GCC states from 2000-2009, according to the survey by Markaz. Public health expenditure in GCC countries is between 63 percent and 80 percent of total health expenditure.

GDP per capita in the GCC has grown at an average of 6 percent between 2000 and 2009, according to the survey.

An earlier survey by Frost & Sullivan had forecast the GCC total healthcare expenditure tripling to $133.19bn by 2018 from $46.12bn in 2011 assuming an a compound annual growth rate (CAGR) of 10.3 percent from 2010 to 2018 due to its expanding population, higher incidence of lifestyle diseases, and deeper insurance penetration.

Saudi Arabia is spending more than US$500bn on its infrastructure to meet the growing demand for its growing population and Kuwait, the UAE and Bahrain are all expanding their health care facilities.

Related:

Market Performance

Kuwait Financial Centre
136.0
-2.0 -1.45 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Finger on the pulse of Gulf healthcare

Finger on the pulse of Gulf healthcare

Fast-expanding Anglo Arabian Healthcare has already built up...

Saudi healthcare booms as state bids to close welfare gap

Saudi healthcare booms as state bids to close welfare gap

Stock market listings are being planned by two of Saudi Arabia...

Revealed: How the Gulf is losing billions to medical insurance fraud

Revealed: How the Gulf is losing billions to medical insurance fraud

The growing issue of medical insurance fraud and abuse — ranging...

1
Most Discussed
  • 9
    UAE teens among the highest for obesity rates

    @MT3 I forgot to add that of course this is assuming that the UAE moves toward a single payer model, something that I think has never been considered ... more

    Thursday, 28 August 2014 8:36 PM - Telcoguy
  • 9
    Smoke-free Dubai - the big debate

    Surprisingly the only studies that show a negative financial impact of the smoking ban on the hospitality industry are sponsored by tobacco companies ... more

    Wednesday, 27 August 2014 4:19 PM - Telcoguy
  • 3
    Saudi Arabia said to shelve plan for shorter working week

    It is working fine in the other gulf countries. In Oman, it is working very well and people, including business owners, adapted. Prices did not significantly... more

    Thursday, 28 August 2014 6:23 PM - Tariq AD