Mubasher: The GCC healthcare sector continues to be strong, given that it is projected to reach $70 billion and is seen to grow at a compound annual growth rate (CAGR) of 5%, according to a press release on Wednesday.

The Healthcare Investment Forum, which was held during the Arab Health 2020 early Wednesday, had the healthcare investment landscape across the Gulf region as the main focus.  

During the forum, experts discussed regional drivers of change in healthcare investing while addressing future investment landscape across the Middle East. 

In this regard, the managing partner and director, Boston Consulting Group (BCG), Jad Bitar, explained, “Although there is enormous room for growth, the GCC is only spending around half of what mature markets spend on healthcare. As such, there are several factors creating investible opportunities in healthcare in the region.”

Moreover, the forum’s attendees were exposed to local and global experiences related to investing in healthcare technologies and innovative startup companies. 

According to a recent report by Informa Markets, Arab Health’ s organisers.“The UAE and Saudi Arabia remain the strongest markets in the GCC, both in terms of current performance and in participants’ expressed level of attractiveness for the next two years.”

It is noteworthy to highlight that the Arab Health Congress is one of the largest CME-accredited multi-track medical conferences worldwide. Held between 27 January and 30 January 2020, the event is expected to host over 400 expert speakers and 5,200 delegates.