The healthcare system plays a significant role in the development of any country. Eventually, the MENA region has achieved rapid growth in the healthcare industry in a short period of time. It is expected to grow at a compounded annual growth rate (CAGR) of more than 7% between 2020 and 2025. Therefore, investments in the healthcare sector have increased over the previous decade.
Healthcare Growth in MENA
Several drivers led to tremendous growth in the healthcare industry followed by rapid market expansion. The strong demand for healthcare services in the MENA region is due to the following factors:
- Rapid population growth
- Increase in the income levels
- Increase in the need for health insurance
- Developing medical tourism
- Growing aging population
- Increase in the prevalence of chronic, non-communicable diseases
- The rise in healthcare investment is based on the high governmental spending on the healthcare sector
The tremendous growth in the healthcare industry generated the following results:
- Rapid market and infrastructure expansion
- The UAE’s healthcare spending will reach $ 2.5 billion in 2025 and $ 3.6 billion by 2030.
- Enhance economic diversification
- Encourage investments in higher medical education and research
- Assist the MENA region in becoming a global hub for medical tourism
- Increase in the supply of healthcare services
Why work with Mena Medical Development?
We have developed a strong network of medical device distributors throughout the MENA region. With our management team’s extensive experience, we maintain our esteemed manufacturers’ required resources. Through working with MMD, you will attain the following benefits:
- Vast experience in international business development.
- A dedicated team that travels through the MENA region.
- Distribution coverage across 18 countries with access to over than 70 credible distributors.
- Integrated solutions for identifying, selecting, and managing qualified medical device distributors in the MENA region.
- A dedicated team that follows up with daily inquiries trains the local salesforce and educates doctors on behalf of the manufacturer
- Annual plans to ensure a healthy business
For any information about MMD or the medical devices business in the MENA region, please feel free to contact us.
