Dating united arab emirates 2016
There is an expectation for this figure to reach .4 billion (AED 53 billion) in 2019, a 5.4 percent y-o-y increase.
The forecast on spending is to rise to .3 billion (AED 67.2 billion) by 2023, which translates to a local currency and US dollar compound annual growth rate of six percent.
While this does not constitute total government expenditure in the UAE, which derives from overall spending at the respective Emirati level, it is, nonetheless, a solid indicator of the UAE's fiscal stance.
Population growth, a changing epidemiology, a growing medical tourism industry, healthcare infrastructure developments, an expanding health insurance, digital transformation and new technologies will remain key market drivers.The World Health Organization has determined that a third of the adults in the UAE are obese, and one out of five people live with diabetes.As the incidences of lifestyle diseases increase, these populations, supported by relatively high levels of income, will demand greater quality of healthcare.The country has a robust transportation and logistics infrastructure and is geographically well positioned to be the center of a transportation network that links the economies of India and China to Europe and the United States.
These factors also make the country an attractive location for establishing a regional distribution center for medical devices.If the exporter company/manufacturer has no legal presence in the UAE, it will have to appoint a local representative to act on its behalf to register the devices.