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UAE healthcare spending to surge to $34 billion by 2027

Public sector spending is forecasted to hit $28.3 billion, while private sector expenditure is expected to reach $5.9 billion.

UAE healthcare spending to surge to $34 billion by 2027
[Source photo: Anvita Gupta/Fast Company Middle East]

The UAE is rapidly transforming its healthcare system as the sector attracts investment, medical minds, and cutting-edge technology.

A new report predicts spending in the UAE’s healthcare sector will skyrocket to $34 billion by 2027, with the public sector taking the lead.

The Dubai Healthcare City Authority (DHCA) released the report at Arab Health, pointing to a 7.5% annual growth rate in public healthcare spending, reaching $28.3 billion by 2027. Private sector investment is also expected to rise, reaching $5.9 billion with an 8.8% growth rate.

The report paints a picture of a thriving healthcare ecosystem within Dubai. Dubai Healthcare City, the region’s dedicated medical free zone, is luring investors, attracting over $280 million since 2019 for its Phase 2 expansion. 

This phase brings an impressive 22 million square feet of mixed-use space, encompassing healthcare, hospitality, and residential areas.

And the expansion is tangible. The free zone’s workforce has jumped from 10,000 in 2021 to 11,500 today, housing 481 facilities offering everything from advanced diagnostics to specialized treatments and surgery. More than that, it’s become a regional hub, accommodating the regional headquarters of 130 global healthcare companies.

The report Dubai’s Healthcare Ecosystem Highlights comes amidst Arab Health 2024, the region’s biggest healthcare event. 

This year, the event aims to top last year’s record-breaking $1.8 billion in deals secured. With the projected healthcare boom in the UAE, 2024 might be another year of unprecedented growth for the industry.

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