The large boom in petroleum revenues, the increased commitment to healthcare
demonstrated in national development plans, and the rising public health needs
and expectations have converged to cause a rapid expansion in the medical
services and technology transfers in the Middle East in the past decade. Saudi
Arabia, for example, is one of the world’s largest importers of
medical equipment and hospital management services. The Saudi health sector is
facing new challenges to keep up with rapid demand as its rapidly rising
population of 22.7 million is growing by 3.5%.
Currently the region’s health market is mounting with an annual rate of 16% and
is estimated at around USD 76 billion, which makes it one of the world’s most
attractive markets for hospital equipment and services companies. The total
market for pharmaceuticals in the MENA nowadays exceeds USD 6 billion per year,
it has been going through some fundamental changes ever since the early ‘80s.
The United Arab Emirates (UAE) is a small but
wealthy collection of oil- rich states in the Middle East. The provision of
healthcare is of a very high standard, with an extensive system of hospitals
and clinics. This progress is clearly reflectedin the positive changes in
health statistics which indicate that the UAE have taken their place among the
developed nations of the world. Given the relatively recent nature of the UAE’s
wealth, capital projects are still continuing, making the country an expanding
market for the whole range of medical equipment and supplies.
The Levant region was for a short time affected
by the middle east political conflicts but was soon enough able to establish
new robust foundations for its health sector. In Jordan the
medical device market is estimated to be worth USD 68 million in 2006, equal to
USD 13 per capita. The Syrian Arab Republic is known as a
self- contained country in terms of the different economy’s industries.
National medical factories, which have recently increased to the number of 59
compared with 24 factories in 1990, manage to cover 90% of the local market’s
need. 44 medicine factories are now exporting their production to 41 Arab and
foreign states. Lebanon has the best hospitals and physicians in the region;
when the war ended in 1991, the health sector in Lebanon was facing several
problems but was able in a very short time to climb up and restore all its
resources to reposition in the leadership of the domain. The ratio of private
doctors per capita in Lebanon is among the highest in the MENA
region with growing emphasis for newly developed medical projects like the BGUH
(Beirut Governmental University Hospital) and the Gefinor Health Center.
Egypt is one of the largest medical device
markets in the Middle East (along with Turkey and Saudi Arabia), worth an
estimated USD 230 million in 2005. Per capita consumption, however, of USD 3.50
is one of the lowest in the region. The rest of North Africa benefits from the
advantages of being close to the European market, the health sector there
varies between countries, the most distinctive between these countries is Tunisia
where the significance granted to health as a component of development has
continually increased throughout the past decade and the total expenditures on
health have increased from USD 1,512.91 million ( 1995) to USD 2,127.85 million
( 2005).
As the MENA’s healthcare facilities continue to develop,
including ambitious developments such as Dubai Healthcare City and
International Medical Center (IMC) in Saudi Arabia, an increasing number of
international companies are looking to partner with local organizations to
increase their penetration into the region and investors are spotting
tremendous opportunities due to the changing trends in the health industry and
the increased awareness for healthy life styles in the region.
Source: World Health Organization – WHO EMRO – The Regional
Office and its Partners.