Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Deloitte Increasing health care spending in GCC countries  Join our daily free Newsletter

MENAFN Press - 04/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) According to Deloitte's new report, "Global health care outlook: Shared challenges, shared opportunities", a growing and aging population coupled with increasing total health care expenditures per capita, are boosting health care industry growth in the Gulf Cooperation Council (GCC) - specifically in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). However, continued pressures on cost, lack of access to medical care, and market conditions will present serious health care industry challenges in 2014. Additionally, the sector will need to engage public and private organizations on the health care value chain to deliver innovative solutions to address local needs if it wants to succeed in addressing emerging market growth and the world's aging population challenges in the coming years



The Deloitte report examines the current state of the global and regional health care sector, and provides a snapshot of activity in a number of geographic markets, including Saudi Arabia. The report further suggests considerations for stakeholders as they address funding, cost, and other issues while seeking to grow revenue and market share in 2014 and beyond.



The GCC's population is expected to increase by five percent year-on-year, driven mainly by the influx of expatriates. While the dominant age group is estimated to be 30-44 year olds, the 45-65 and 65 age groups are expected to grow cumulatively by an average of four to five percent between 2011 and 2020. Among other favorable trends in the region are continually improving health care standards; governments' increasing investments in technological advancements and health awareness; the growth of smaller health care clinics and ambulatory centers; and a strong medical tourism industry




"Saudi Arabia provides a snapshot of GCC health care challenges and opportunities. Its spending of 4.3 percent of GDP is less than half of the OECD average. However, health care provision in Saudi Arabia is uneven. It is concentrated in urban centers and some desert communities do not have regular and reliable access to good-quality health care," explains Dr Hassib Jaber, consulting partner and health care and life sciences leader at Deloitte Middle East. "The government is trying to address this imbalance and has identified investment in health care infrastructure as a priority."



Moreover, health care delivery in the Middle East is dominated by the public sector. A key challenge facing the region's governments is to provide a framework that enables the private sector to participate more fully in the health care system and supplement state systems that are heavily dependent on fluctuating oil revenues.



"Increased private sector participation should help the region achieve its overall goal to improve access and quality; however, creating such a framework is likely to require policy changes, industry restructuring, and new incentives. Adding complexity, the Middle East has a significant shortage of local health care talent, as numbers indicate the dominance of expat communities in both the nursing and physician professions," concludes Jaber



To read the "Global health care outlook: Shared challenges, shared opportunities" report, go to: http://bit.ly/N6FPOY


About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.About Deloitte & Touche (M.E.):Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is the first Arab professional services firm established in the Middle East region with uninterrupted presence since 1926.Deloitte is among the region's leading professional services firms, providing audit, tax, consulting, and financial advisory services through 26 offices in 15 countries with around 3,000 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has received numerous awards in the last few years which include Best Employer in the Middle East, best consulting firm, and the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW).

 


MENAFN Press




  MENA News Headlines
 Sep 26 2016 - Saudi- Moderate quakes rattle Japan no injuries or damage reportedSaudi Press Agency
(MENAFN - Saudi Press Agency) TOKYO, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- A pair of moderate earthquakes rattled northern and southern Japan on Monday, but there were no immediate ...

 Sep 26 2016 - Pakistan launches polio vaccination drive amid tight securitySaudi Press Agency
(MENAFN - Saudi Press Agency) Islamabad, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- Pakistan on Monday launched a three-day national anti-polio campaign to vaccinate around 37 million ...

 Sep 26 2016 - Kuwait- His Highness the Amir Sheikh Sabah Al-Ahmad consoles Egypt on boat sinking victimsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Sept 26 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has addressed a cable to Egyptian President Abdel Fattah Al-Sisi ...

 Sep 26 2016 - Kuwait- KSE indexes inch down in early trades MondayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Sept 26 (KUNA) -- Main indexes of Kuwait Stock Exchange (KSE) edged down in early trades on Monday, with the benchmark losing 1.19 points and falling to ...

 Sep 26 2016 - Kuwait takes part in meeting with Asian nations to deepen cooperationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Abdullah Boqas KUALA LUMPUR, Sept 26 (KUNA) -- A Kuwaiti legislative delegation headed by MP Humoud Al-Hamdan is taking part the First Executive Council ...

 Sep 26 2016 - Kuwait- KUNA main news for Monday, Sept 26, 2016Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Local: KUWAIT -- Minister of Information, Minister of State for Youth Affairs Sheikh Salman Al-Humoud Al-Sabah patronizes the media leaders conference. ...

 Sep 26 2016 - Kuwaiti motorcyclist wins competitions in U.S.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Sept 26 (KUNA) -- The Kuwaiti motor-cyclist Muaz Al-Ansari came first in the first and second rounds of the Trans-World championship held in California, ...

 Sep 26 2016 - Kuwait- India launches eight satellites in a single missionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) NEW DELHI, Sept 26 (KUNA) -- Indian Space Research Organisation (ISRO) on Monday launched eight satellites using its Polar Satellite Launch Vehicle (PSLV C 35) ...

 Sep 26 2016 - Kuwaiti rider grabs first, second places in Aquabike World ChampionshipKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Ahmad Al-Rifaee KUWAIT, Sept 26 (KUNA) -- Kuwaiti rider Yousef Al-Abdulrazzaq grabbed the first and second places in third round of Aquabike World ...

 Sep 26 2016 - Kuwait- Hollande vows to close Jungle refugee camp, urges British helpKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, Sept 26 (KUNA) -- French President Francois Hollande on Monday vowed to close a controversial refugee camp near the Channel port city of Calais, and he ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help