{"id":97156,"date":"2024-10-24T00:00:00","date_gmt":"2024-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/healthcare-spending-set-to-grow-until-2028-amid-rising-demand\/"},"modified":"2024-10-24T00:00:00","modified_gmt":"2024-10-24T00:00:00","slug":"healthcare-spending-set-to-grow-until-2028-amid-rising-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/24\/healthcare-spending-set-to-grow-until-2028-amid-rising-demand\/","title":{"rendered":"Healthcare spending set to grow until 2028 amid rising demand"},"content":{"rendered":"

The public and private sectors are set to ramp up healthcare spending in the UAE <\/strong>amid economic diversification plans and rising demand, with public health expenditure forecast to grow at a 7.7% compound annual growth rate (CAGR) from 2022-2028, Fitch Solutions company BMI<\/a> said in a report. Private health spending is expected to rise faster, at 9.3%.<\/p>\n

ICYMI- <\/strong>The cabinet approved an AED 71.5 bn budget for the country in 2025 earlier this month<\/a> \u2014 the largest in the UAE\u2019s history, and setting out a 12% y-o-y increase in expenditure compared to 2024\u2019s budget of AED 64.06 bn<\/a>. Healthcare and community prevention services account for 8% of the final spending plan. <\/p>\n

The growing healthcare budget signals \u201cthe increasing importance of the health sector for the country<\/strong> as it pursues non-oil economic diversification as part of its broader non-oil economic diversification efforts,\u201d BMI said.<\/p>\n

The UAE is set to have the second highest per capita healthcare spending among GCC countries<\/strong> by 2030, after Qatar, at around USD 3.3k per capita. <\/p>\n

Demand for healthcare is up: <\/strong>The rollout of universal health ins. next year is expected to propel demand in the sector, particularly in the Northern Emirates, where health ins. was previously not mandatory, according to the report, alongside changing demographics, including a rising elderly population.<\/p>\n

The move comes as the UAE\u2019s medical tourism has been on the rise<\/strong>, with over 691k medical tourists<\/a> visiting Dubai last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Private health spending is expected to rise at 9.3% CAGR<\/p>\n","protected":false},"author":1,"featured_media":97157,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1609],"tags":[19,7,646,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare","tag-economy","tag-enterpriseam-uae","tag-fitch","tag-healthcare","wpautop","entry"],"acf":{"mongo_id":"f6260e9f-ded2-4743-8653-42fedd86e2fa","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2572.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Healthcare spending set to grow until 2028 amid rising demand","related_issue":[97140],"teaser":"Private health spending is expected to rise at 9.3% CAGR","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.9e536912-f734-47e0-a12c-5e57966cf42b.mp3"},"yoast_head":"\nHealthcare spending set to grow until 2028 amid rising demand - 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