Changes in demography, an aging population, and other trends are projected to raise healthcare spending in the UAE in the future years. Healthcare spending is expected to reach 6% of the country's GDP by 2026.
Accelerated digital adoption to improve patient outcome
Patients are now able to manage chronic diseases and play an active role in their care thanks to digital technology. Healthcare professionals are rapidly embracing virtual consultations, telemedicine, digitally equipped and assisted intensive care units (tele-ICUs), remote monitoring services, at-home lab diagnostics, and online ordering of medications.
AI powered by biometric computing is improving diagnosis and treatment accuracy, reducing errors, improving patient triage and flow redirection, and enhancing patient outcomes.
In order to increase efficiency and the speed at which care is delivered, regulators and healthcare professionals will now increasingly use AI, cognitive aid, robotics, and blockchain.
Growth of resilient, local supply chains
As challenges in locating and supplying personal protective equipment (PPE), testing supplies, and some vaccines revealed local gaps and global interdependencies, the pandemic exposed weaknesses in supply chains. In order to increase domestic production capacity through onshoring and investment and prevent further shocks, governments have begun to recognize their role in doing so. Future demand for locally produced pharmaceuticals in the GCC is likely to be driven by onshoring of pharmaceutical manufacturing for Sinopharm and other vaccines in the UAE. A strong healthcare ecosystem should also be made possible by the growth of Abu Dhabi's Life Sciences cluster.
Growth of traditional and complementary medicine
The traditional and complementary anti-aging and longevity market in the GCC, which includes traditional alternative medicines and botanicals, body and mind healing, external energy healing, and sensory healing, accounts for 67% of the whole market. With a CAGR of 24% over the next five years, this market category is now anticipated to develop faster than the overall market, which is now forecasted to grow at a pace of 22% CAGR.
Future demand for specialized services and wellness facilities in the UAE is anticipated to increase due to the country's rapidly aging population, especially as patient behavior shifts in favor of preventative care models and the use of complementary and alternative therapies to treat chronic conditions and reduce healthcare risks.
Wider adoption of cybersecurity measures safeguard patient data
Medical device quality assurance and security measures have frequently fallen short of acceptable norms as they multiply and link with platforms. Manufacturers, providers, users, and regulators will likely devote more resources as connected devices proliferate in order to protect customers.
Governments will become more and more crucial in preserving the security of critical national infrastructure and intellectual property while enforcing transparent and widely accepted cyber-security standards.
Integration of healthcare and smart cities
Through connected technology, smart cities seek to improve the lives of its citizens. The Smart City policy of the UAE's government includes improving social connectivity, transportation, healthcare, and safety. In the future, healthcare and patient empowerment could be brought into the home, office, and leisure places thanks to smart cities and the Internet of Things (IoT).
Much like a new initiative that couples urban infrastructure with technology to better people's lives and how they interact with their surroundings, there will be a greater emphasis on integrating numerous touchpoints of daily life to optimize the way a city is structured and operates.
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