Noida, Uttar Pradesh India (PressExposure) August 25, 2011 -- According to our new research report, "UAE Healthcare Sector Forecast to 2012", the UAE is one of the most developed markets in the Gulf Co-operation Council (GCC) region, with one of the highest per capita healthcare spending and a strong demand for modern hi-tech healthcare. With an estimated market value of US$ 6.6 Billion in 2010, the UAE healthcare sector is further likely to witness a fast growth owing to the increase in domestic per capita GDP and continuous growth of demand for healthcare products and services. It is anticipated that from 2.7% of GDP in 2010, the healthcare expenditure will rise to around 3.2% by 2013.
We have revealed that in recent years, the UAE medical device market has been buoyed by some of the lowest import duties in the region. In 2010, the country's medical device market was estimated at around US$ 718 Million. Its future growth is estimated to increase at a CAGR of around 19% from 2010-2013. The UAE's medical device market, like its pharmaceutical market is reliant on imports and this trend is set to grow as high-tech devices are dominating the demand.
The report, "UAE Healthcare Sector Forecast to 2012", provides an effective overview of the medical device sector in the UAE and illustrates about current market trends, segmentations, trade patterns, and regulatory environment. The report also analyzes the hospital services market and pharmaceutical market in a prudent manner and makes future projections based on proper basis and suitable methodology.
The report is an outcome of an extensive research and in-depth analysis of the UAE healthcare sector that covers almost all key aspects of the market and evaluates their current status. The report also provides an effective description on government initiatives with respect to healthcare sector in the UAE. Last though not the least, the report talks about some of the prominent players in the industry and their organizational structure.
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