The rising costs of health care and the lack of access to medical facilities force modern consumers to seek alternatives for their medical needs abroad.
Globalization and the Internet have increased the growth of medical tourism around the world, and the UAE and Dubai have one of the leading positions as a place for medical tourism. The UAE is distinguished by the high level and quality of its medical facilities, the availability of qualified professionals, excellent infrastructure, government initiatives and a strategic location.
Since the UAE is one of the most popular tourist destinations in the world, they can attract whole families to medical tourism. At present, the UAE occupies the 16th place among the preferred destinations for medical tourism in the medical tourism index, and in the near future the UAE plans to get into the top five.
Medical tourism is when people go to another country to get various medical procedures that can be too costly for them in their home country.
For example, the cost of aortocoronary bypass surgery in the US may cost 55,000 USD, while in the UAE it costs 27,000 USD. Thus, depending on the procedure and place, patients can save 50-90% of the cost.
Another important factor in the growth of medical tourism is the long waiting times for the necessary treatment in different countries.
Even public health authorities in Western countries offer patients to go abroad to obtain the necessary medical procedures more quickly.
The Internet is also a very important factor in the growth of medical tourism, as patients can easily see information on the cost and quality of medical services provided in different countries around the world. The patient can choose the best place for the necessary treatment, which in turn leads to even more development of certain institutions.
In the first half of 2015, Dubai attracted 260,000 medical tourists, and it is projected that by 2020 this will bring about $ 700 million to the economy.
The UAE health market is projected to grow by an average of 7% annually from 2015 to 2020 and will reach 19.5 billion dollars.
Medical tourism has the potential to have a positive impact on various other sectors of the UAE, which ultimately leads to an increase in the GDP of the economy as a whole. The average medical tourist of the UAE also buys air tickets and hotel services, buys various goods and services from local sellers. Therefore, various other sectors can also benefit from the influx of such medical tourists. For example, the hotel sector. So, together with the services of the clinics, the hotel services are now being supplied in one medical package. Therefore, the UAE is becoming more attractive for investors in different sectors, and not just in the medical tourism sector.