Hospitals

The Hospitals market in the United Arab Emirates is expected to witness a significant increase in revenue, reaching a projected value of US$9.53bn by 2024.
This growth is anticipated to continue with an annual growth rate (CAGR 2024-2029) of 6.96%, resulting in a market volume of US$13.35bn by 2029.
When compared to global figures, it is noteworthy that United States is anticipated to generate the highest revenue in the Hospitals market, with an estimated value of US$1.50tn in 2024.
Furthermore, in terms of per person revenues, in the United Arab Emirates is projected to generate approximately US$993.90 per individual in 2024.
This demonstrates the significant contribution of the Hospitals market to the overall economy of the country.
The United Arab Emirates has witnessed a growing trend of privatization in the hospital market, with an increasing number of private hospitals being established.

Definition:
Hospitals are licensed facilities that provide a variety of medical and surgical services, some of which are also provided by other facilities. A distinguishing characteristic of hospitals is “inpatient care,” which refers to services where patients are admitted to a hospital to stay overnight for closer monitoring.

This market includes general hospitals, psychiatric hospitals, and specialist hospitals, which provide various services to patients, ranging from diagnostics, medical and surgical treatments, nursing and specialized accommodation to other medical services. Depending on the specific legal regulations, the medical services provided by hospitals can vary greatly from country to country. Long-term care facilities, ambulatory care providers, and medical retailers are excluded from this market.

Structure:
The Hospitals market is divided into three categories: Inpatient Care, Outpatient Care, and Other Hospital Services. Inpatient Care comprises all the medical and surgical services that are provided to patients who are admitted to a hospital for an overnight stay. Outpatient Care covers all medical and surgical services that are provided to patients without having to spend the night in a hospital. Other Hospital Services includes hospital services that are provided outside of a basic hospital setting, e.g., day-care, long-term care, and home-based care.

Additional information:
The shown KPIs include revenues, average revenue per capita, number of hospitals, density of hospitals, average revenue per hospital, number of hospital beds, density of hospital beds, and average revenue per hospital bed. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

General hospitals, including community, county, and regional hospitals
Psychiatric hospitals
Specialist hospitals, such as maternity clinics and aesthetics clinics

Long-term care facilities
Ambulatory care providers, such as specialist practices and dental practices
Providers of ancillary medical services
Medical retailers and other providers of medical supplies

The healthcare industry in the United Arab Emirates (UAE) has been rapidly growing in recent years, with a focus on improving the quality and accessibility of healthcare services. This has resulted in a significant development in the hospitals market in the country.

Customer preferences: The UAE has a diverse population, with a mix of locals and expatriates from various countries. The population is becoming increasingly health-conscious, leading to a higher demand for healthcare services. Patients in the UAE tend to prefer private hospitals over public ones due to the higher quality of care and shorter waiting times. Additionally, patients often prefer hospitals with international accreditations and certifications, as they perceive them to be of higher quality.

Trends in the market: One of the major trends in the hospitals market in the UAE is the increasing number of private hospitals. Private hospitals are expanding rapidly in the country, with many new facilities being built to cater to the growing demand for healthcare services. Another trend is the focus on specialized healthcare services, such as oncology, cardiology, and orthopedics. Hospitals in the UAE are increasingly investing in state-of-the-art medical equipment and technology to provide these specialized services.

Local special circumstances: The UAE has a high standard of living, and the government has been investing heavily in the healthcare sector to provide world-class healthcare services to its citizens and residents. The country is also a hub for medical tourism, with many patients from neighboring countries and beyond coming to the UAE to receive medical treatment. This has led to the development of specialized hospitals and clinics catering to medical tourists.

Underlying macroeconomic factors: The UAE has a strong economy, with a high GDP per capita and a growing population. The government has been investing heavily in infrastructure and healthcare to support the growing population and diversify the economy. Additionally, the country has a young and educated workforce, which is driving innovation and growth in the healthcare sector. The UAE is also strategically located, making it an attractive destination for medical tourism.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The healthcare landscape in the United States is a complicated one. There are federal health insurance plans for low-income individuals namely Medicaid and CHIP (Children’s health insurance program) and Medicare for seniors and the disabled. Aside from these, people must buy private health insurance or be left uninsured because the U.S. is the only high-income country without universal healthcare coverage. Hospitals in the U.S., therefore, receive payment from multiple payers. Most revenue generated by U.S. hospitals comes from private insurance, self, or other payments. The complexity of this multi-payer system is instrumental to the U.S. having the highest administrative health costs per capita among wealthy nations.