News DeskDubai: Alpen Capital’s latest healthcare industry report for the GCC forecasts the Current Healthcare Expenditure (CHE) in the region to reach US$ 159 billion by 2029, implying an annualized growth rate of 7.8%. During the forecast period, CHE in the GCC countries is anticipated to increase at growth rates ranging from 4.0% to 8.8%
UAE-based investment banking advisory firm, Alpen Capital, launched its latest GCC Healthcare Industry report which features forecasts on the sector, recent analysis on trends, growth drivers and challenges facing the segment. It also profiles some of the key healthcare companies in the region.
The report was launched over a webinar followed by a panel discussion featuring Dr. Raza Siddiqui, Group CEO, Arabian Healthcare Group & Executive Director, RAK Hospitals; Dr. Mohaymen Abdelghany, Chief Executive Officer, Fakeeh University Hospital and Olivier Tricou, Managing Director, Alpen Capital. Hameed Noor Mohamed, Managing Director, Alpen Capital moderated the discussion
“The GCC healthcare industry is poised for strong growth driven by macro-economic factors, a growing and ageing population, and the expansion of mandatory health insurance. Government-led diversification strategies and national development plans of the GCC will continue to enhance the healthcare infrastructure and facilities, bringing them at par with international standards. Further growth of the healthcare industry will be fueled by privatization initiatives, substantial investments in digital transformation and rising demand for specialized healthcare services. Looking ahead, we expect the sector to offer innovative opportunities for investors and operators to expand their presence and deliver advanced, high quality healthcare services”, says Sameena Ahmad, Managing Director, Alpen Capital (ME) Limited.
“The GCC healthcare industry is experiencing significant transformation, driven by a growing demand for specialized medical centers and increasing medical tourism. In response, private sector players are investing heavily to expand healthcare services and meet the needs of a diverse population. Key trends shaping the industry include the rapid adoption of artificial intelligence and digitalization, which are enhancing diagnostics, patient care, and operational efficiency. Additionally, there is a notable increase in specialized clinics to address complex medical conditions and cater to specific patient demographics. To remain competitive, healthcare organizations are developing strategic plans that leverage technology and multi-specialty services. This ongoing transformation is expected to drive a dynamic M&A landscape, as operators seek to scale, innovate, and align with the region’s evolving healthcare demands”, says Olivier Tricou, Managing Director, Alpen Capital (ME) Limited.
