Innovative business models for healthcare infrastructure in the Middle East
Middle East's healthcare construction and management industry to network at Hospital Build Middle East 2011.
- (1888PressRelease) May 03, 2011 - Dubai, UAE: Experts at ICME Healthcare, a management consultancy firm acting as a lead consultant for the Abu Dhabi Health Services Company (SEHA), foresee innovative business models as a future for tapping opportunities within healthcare development projects and reducing rising healthcare costs in the Gulf region.
"Despite suffering at the hands of the recent global financial crisis the healthcare industry seems to fare better than other industries" says Mr. Holger Micheel-Sprenger, Partner and Managing Director, ICME Healthcare. Mr. Micheel-Sprenger strongly recommend interaction between industry experts including financers, promoters, regulatory authorities, ministry officials to work together for innovative business models as this is the need in the aftermath of the crisis.
To network with the key players in the Middle East's healthcare construction and management industry, top level decision-makers will visit the third annual Hospital Build Middle East Exhibition and Congress, running from 13 - 15 June 2011 at the Dubai International Convention and Exhibition Centre.
"The event is dedicated to bringing the investors, commissioners, bankers and managers of major healthcare building projects together with the suppliers of the best services in planning, design, building, operations, management and refurbishment," says Mr. Simon Page, Divisional Director, IIR Life Sciences Middle East & Asia. "Running alongside the exhibition is a multi-disciplinary congress consisting of seven leading conferences that will focus on delivering up-to-date information which will address all the disciplines involved with the hospital build process."
As per the latest World Health Organisation data, the GCC countries spend around US$18 billion on healthcare per year, most of which is government funded. The healthcare systems in the Gulf region currently face increasing healthcare demand and expenditures triggered mainly by a growing and ageing population.
"The Middle East region in particular is characterised by a high prevalence of diabetes, obesity cardio-vascular diseases, and increasing cancer diseases. These factors, along with a high prevalence of smoking coupled with changes in health insurance regulations have lead to an increase in the demand for health services in the region," Mr. Micheel-Sprenger explains.
"Both healthcare demand and spending are on the rise in the GCC Countries. The current healthcare-spend growth rate in the region stands ranges between 6-8 %. No other region in the world faces such rapid growth in demand with the simultaneous need to realign its health-care systems to be able to treat the disorders of affluence.
"In the GCC, estimates from various sources indicate around 120 - 140 hospitals are planned for construction with a total bed capacity of over 30,000 beds. As per high-level analysis done by us, we anticipate a bed requirement of around 400,000 to 450,000 beds in the MENA Region by the year 2020."
This results in significant opportunities for private health companies to deliver innovative business models in healthcare infrastructure relating to construction, financing, operations and management.
Mr. Micheel-Sprenger continues: "Though infrastructure requirements persist, upcoming projects need to be decided based on the regional demographic requirements inbuilt with capacity planning and operational requirements of the medical facility while pursing the feasibility studies. A similar approach is practiced within ICME Healthcare."
For information about Hospital Build Middle East Exhibition and Congress, please call +971 3365161 or visit www.hospitalbuild-me.com.
Photo caption: Hospital Build Middle East Exhibition and Congress 2010
About IIR Middle East:
For more information about IIR Middle East, please visit www.iirme.com or www.informaexhibitions.com.
About ICME:
For more information about ICME, please visit www.icme.com.
About SEHA:
For more information about SEHA, please visit ww.seha.ae.
For media enquiries please contact:
Inga Stevens
PR Manager
Life Science Division
IIR Middle East
T: +971 4 407 2743
F: +971 4 336 4021
inga.stevens ( @ ) iirme dot com
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