Oman's health-care services market is expected to expand at an annual rate of 11.8 per cent to reach US$3.8bn in 2018, from an estimated US$2.1bn in 2013, according to investment banking firm Alpen Capital.
Alpen Capital on Wednesday released its GCC Healthcare Industry report, which includes details of the current market trends and challenges faced by the GCC health-care sector and the ongoing initiatives by authorities, said Muscat Daily.
According to the report, the number of hospital beds required in Oman is estimated to increase by 4.1 per cent per annum to 9,359 by 2018, from an estimated 7,645 in 2013. It said that the health-care services market in Oman is in a developing stage, witnessing increasing private- sector participation over the past few years.
Sameena Ahmad, managing director, Alpen Capital, said, “The GCC region is poised for an unprecedented surge in healthcare consumption, driven by robust population growth and rising income levels. Higher income levels and sedentary lifestyles have led to poor health conditions, a phenomenon that has been witnessed in most developed economies.”
“The governments, which play the predominant role in healthcare services, are taking steps to ensure continuous development of infrastructure through nurturing management skills, increasing the share of the private sector and utilising IT skills to spread the reach and range of healthcare services,” Sameena said.
Alpen Capital estimates the GCC health-care market is projected to grow at 12 per cent per annum to US$69.4bn by 2018, from an estimated US$39.4bn 2013. Saudi Arabia is projected to remain the largest GCC market. Qatar and UAE are expected to be the fastest growing markets, going forward. It pointed out that the demand for hospital beds in the GCC is expected to number 115,544 in 2018, an addition of 11,241 beds from 2013, which is in line with the expected supply looking at the number of projects in the pipeline
Alpen Capital on Wednesday released its GCC Healthcare Industry report, which includes details of the current market trends and challenges faced by the GCC health-care sector and the ongoing initiatives by authorities, said Muscat Daily.
According to the report, the number of hospital beds required in Oman is estimated to increase by 4.1 per cent per annum to 9,359 by 2018, from an estimated 7,645 in 2013. It said that the health-care services market in Oman is in a developing stage, witnessing increasing private- sector participation over the past few years.
Sameena Ahmad, managing director, Alpen Capital, said, “The GCC region is poised for an unprecedented surge in healthcare consumption, driven by robust population growth and rising income levels. Higher income levels and sedentary lifestyles have led to poor health conditions, a phenomenon that has been witnessed in most developed economies.”
“The governments, which play the predominant role in healthcare services, are taking steps to ensure continuous development of infrastructure through nurturing management skills, increasing the share of the private sector and utilising IT skills to spread the reach and range of healthcare services,” Sameena said.
Alpen Capital estimates the GCC health-care market is projected to grow at 12 per cent per annum to US$69.4bn by 2018, from an estimated US$39.4bn 2013. Saudi Arabia is projected to remain the largest GCC market. Qatar and UAE are expected to be the fastest growing markets, going forward. It pointed out that the demand for hospital beds in the GCC is expected to number 115,544 in 2018, an addition of 11,241 beds from 2013, which is in line with the expected supply looking at the number of projects in the pipeline
Source:
Mubasher
