Growing expenditure capacity of consumers and ongoing advancement in the medical treatment services are expected to drive the demand of the UAE Medical Tourism Market in the forecast period, 2023-2027.
According to TechSci Research report, “UAE Medical Tourism Market By Type (Inbound v/s Outbound), By Treatment Type (Orthopedic Treatment, Gynaecological Treatment, Pediatric Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment, Others), By Region, Competition Forecast & Opportunities, 2027”, the UAE medical tourism market is expected to witness impressive growth in the forecast period, 2023-2027.
High medical expenditure in western countries and the unavailability of insurance coverage facilities for certain procedures make the patients seek quality and affordable healthcare services across the globe. Medical tourism can be defined as the planned travel across the international border to seek medical treatment of some form, which may or may not be present in the traveler’s country.
The UAE has a strong health regulatory framework that has helped the UAE attain quality healthcare, thereby attracting medical tourists to avail of the services from around the globe. The increasing investments by the government and private sector support the economic growth of the healthcare industry.
Pharmaceuticals and the medical equipment producing industry are the two prominent sectors listed under the 2030 Dubai Industrial Strategy. The target is to make the UAE the global platform for sustainable, knowledge-based, and growing business. The UAE Ministry of Health plans to have 34 pharmaceutical manufacturing factories by 2020 and is expected to witness a growth of steady CAGR in the forecast period.
According to the Dubai Health Authority (DHA), the medical tourism industry is expected to provide significant revenue to the GDP of the country and is working on adding 40 primary healthcare centers and three new hospitals under its 12-year master plan.
The exponential growth of the old-age population across the globe is bolstering the need for healthcare services. With growing age, the body becomes more prone to getting affected by a number of chronic diseases and disorders.
With the growing population and the developing market expansion, the demand for healthcare services is expected to grow at a rapid rate. The rise in the number of healthcare facilities and developing quality healthcare infrastructure is expected to fuel the UAE medical tourism market through the next five years.
However, the higher medical cost compared to lower-income countries like Thailand may restrain the UAE medical tourism market growth for the forecast period.
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The UAE medical tourism market is segmented into type, treatment type, regional distribution, and company.
Based on type, the market is bifurcated into inbound and outbound. Inbound healthcare services are expected to capture the largest market share in the next five years owing to the huge fund allocation by the government and the leading market players for the growth of the healthcare industry. The government is providing easy regulations to make the procedure easier to avail healthcare services for the interested patients.
Based on treatment type, the market is divided into orthopedic treatment, gynaecological treatment, pediatric treatment, dental treatment, fertility treatment, cosmetic treatment, and others. Gynaecological treatment is expected to account for a significant market share in the forecast period as UAE specializes in providing the best fertility treatment services and hiring renowned gynaecologists to attract patients.
On the basis of regional analysis, Abu Dhabi and Dubai were among the 2 of the top 10 medical tourist destinations across the globe. World-class healthcare infrastructure and favorite tourist destinations present in these countries are attracting patients from all over the globe to avail the of quality healthcare services.
A memorandum was signed between the Medical Tourism Association (MTA) and the Department of Culture and Tourism – Abu Dhabi to make the annual function of the World Medical Tourism & Global Healthcare Congress be hosted in Abu Dhabi for the coming next years.
Major market players operating in the UAE medical tourism market are:
· Thumbay Medical Tourism
· Tours Cure
· Shifa International
· Ontime Healthcare
· Royal Cure
· The Medical Tourism Center
· Anavara
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“To promote medical tourism in UAE, the government provides numerous facilities such as Golden Visa, which gives a ten-year window for healthcare professionals to live and work, improving the quality of healthcare services offered to residents and medical tourists. Leading authorities are opening global centers of best medical practices like Mayo and Cleveland Clinics. The government is also working to improve the air travel ways to make the process easier for healthcare professionals. The superior connectivity and infrastructure of Dubai and Abu Dhabi and technologically advanced healthcare services, along with favorable initiatives taken by the government, are expected to propel the UAE medical tourism market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Medical Tourism Market By Type (Inbound v/s Outbound), By Treatment Type (Orthopedic Treatment, Gynaecological Treatment, Pediatric Treatment, Dental Treatment, Fertility Treatment, Cosmetic Treatment, Others), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of UAE medical tourism market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE medical tourism market.
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