The GCC region has an overall strong demand for medical devices supported by the key drivers, primarily led by increasing demand for healthcare due to chronic disease burden associated with the ageing populations and unhealthy lifestyles regional governments played an instrumental role in strengthening the sector, however, shrinking oil revenues have slowed spending. At the same time, the role of private sector is increasing, encouraged by incentives, mandatory health insurance
The current healthcare expenditure (CHE) in the GCC is projected to reach US$ 104.6 billion in 2022 from an estimated US$ 76.1 billion in 2017, implying a Compound annual growth rate of 6.6%. Between 2017 and 2022.
-79 % for outpatient and 21 % for inpatient
-The GCC population is projected to grow at a CAGR of 2.3% to reach 61.6 million in 2022 from 55.1 million in 2017.
|Growth Drivers Helpful to Achieving Objective||Challenge to Achieving Objective|
|-Favorable Demographics -High Prevalence of Asthma and copd -Mandatory Health Insurance -Long-term Plans to Strengthen Healthcare System -Project Pipeline -Inbound Medical Tourism eg.CCAD||-Economic Slowdown due to low oil price -Shortage of Medical Professionals -Cost cutting -Compromise of quietly -Un regulated market -Lack of Standardized Patient Experience Metrics|