The healthcare sector in the Gulf Cooperation Council (GCC) region is expected to burgeon in the coming years, propelled by a surge in medical devices, a growing branded generics market and increased investment in infrastructure, according to an industry analysis from Mashreq and research firm Frost & Sullivan.
According to the report, GCC hospital revenues are predicted to grow by 5.8 percent in 2021. This growth rate suggests that the healthcare sector could return to pre-pandemic levels sooner than later. In the past decade, the GCC region saw its highest number of healthcare infrastructure investments, with the number of hospitals almost doubling in most countries. In addition, at least 80 percent of the hospitals and primary care clinics built in the GCC were driven by government initiatives and expansion plans.
“The Mashreq–Frost & Sullivan report indicates that the GCC healthcare sector is on the cusp of a promising recovery, with clear evidence of g