Population growth, in addition to a rise in life expectancy, urbanisation and a growing prevalence of chronic/lifestyle diseases including diabetes, coronary problems and other obesity-related illnesses, are driving demand for healthcare services in the Kingdom even further.
The report also outlined the impact the composition of the population is having on future healthcare requirements. The age group new-born to 19 is expected to increase to 13.7 million by 2030, creating demand for facilities and services relating to mother and childcare such as obstetrics, gynaecology and paediatrics.
Meanwhile, population growth in the 20 to 39-year demographic is expected to increase to 13.8 million by 2030. With one of the highest prevalence of lifestyle diseases in the world almost 18% of the population over 20 years with diabesity, 35% with obesity, and over 23% suffering hypertension so, a great deal of focus will be on preventing lifestyle diseases.
The largest increase will be felt in the over 60 category which is expected to grow from 1.8 million in 2018 to five million in 2030, driving demand for geriatric services such as long-term care, rehabilitation and home care.
Colliers International’s Mansoor Ahmed, Director (MENA Region) Valuation & Advisory – Healthcare and speaker at the Arab Health Healthcare Investment Forum, said: “With the changing population composition alongside advancements in treatment technology, the provision of healthcare services in Saudi Arabia will undoubtedly change considerably. We anticipate, in line with many other developed nations, a realignment of treatment through the establishment of specialised Centres of Excellence (CoE) instead of clinics and general hospitals, providing further opportunities for operators and investors.”
With the introduction of several legal and economic incentives, including 100% foreign ownership, the healthcare sector is amongst the most attractive sectors in the Kingdom.
In line with the growth of the Saudi Arabian healthcare industry, Arab Health witnessed a 20% increase in visitors form the Kingdom during the 2019 edition while exhibitors are forecasted to increase by 20% in 2020 with Saudi General Investment Authority, Dr Sulaiman Al Habib Medical Group, Lean Business Services, and Balsam United confirmed.
Across the GCC, healthcare spending has increased in line with government strategies to diversify their economies. In addition to Saudi Arabia, the UAE, Bahrain, Oman and Kuwait have all adopted National Transformation Plans (NTPs) to expand the role of the private sector in the healthcare industry and create additional capacity for their growing markets.
During the four days of Arab Health 2020, a total of 15 Continuing Medical Education (CME) conferences will take place, welcoming more than 5,000 delegates to popular returning tracks including Obs & Gyne, Diabetes and Total Radiology, as well as eight new conferences that include; Midwifery, Patient Experience, Physical Medicine, Rehabilitation & Sports Medicine, and a Healthcare Investment Forum, amongst others.
Organised by Informa Markets, an anticipated 4,250+ exhibitors from more than 64 countries and 55,000 visitors are expected to attend the 2020 edition of the show which takes place from 27 – 30 January 2020 at the Dubai World Trade Centre and Conrad Dubai Hotel.
About Arab Health
Arab Health is the largest healthcare event in the Middle East and is organised by Informa Markets. Established 45 years ago, Arab Health provides a platform for the world’s leading manufacturers, wholesalers and distributors to meet the medical and scientific community in the Middle East and subcontinent. The 2020 edition of the event is expected to welcome more than 4,250 exhibiting companies and 55,000 attendees from 160+ countries.
Arab Health Congress is reputed for delivering the highest quality Continuing Medical Education (CME) Conferences to medical professionals in the region. Attended by more than 5,000 delegates from around the globe, 15 conferences and 1 educational forum will bring a global appeal with international speakers covering a broad spectrum of medical specialities and disciplines.
Arab Health 2020 will take place from 27-30 January 2020, at the Dubai World Trade Centre and Conrad Dubai Hotel, Dubai, United Arab Emirates.
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