Qatar Healthcare Market is One of the Fastest Growing Markets in the World: Ken Research
Posted on 24 April 2017 by KenResearch Healthcare,
Qatar’s private healthcare expenditure is expected to grow at a faster rate than public healthcare in the next five years, offering abundant opportunities for global drug manufacturers. Qatar's public expenditure was about 85.7% of overall health expenditure in 2016 but as healthcare costs has been increasing rapidly on an ageing population along with a rising chronic disease burden, the model of almost-free medical services in the country will be increasingly seen as “unsustainable”.
Doha had the highest number of diagnostic centers in the country and subsequently generated the highest demand for effective and technologically advanced diagnostic imaging equipment for accurate diagnosis of diseases
High market share of medical consumables was due to a rise in medical surgeries and inpatient hospital visits which subsequently increases the need for medical consumables during treatment procedures
Growth in dental products was majorly due to high consumption of the junk food among the individuals in the Qatar, which led to dental abnormalities.
Roche dominated the medical devices market in Qatar. The company offers a diverse range of products, which has been the prime factor behind the wide scale adoption of its products in the market. Additionally, the trust of the clients associated with the company, being one of the world’s largest companies further increased the customer base for the company and aided in generating revenue and assisting it in gaining higher market share.
The medical devices market in Qatar is expected to grow at a healthy pace owing to surge in number of diagnostic labs, public hospitals and independent clinics and health centers in the country. Around 12 diagnostic labs opened up in 2016 and many such labs are expected to open up in the near future, which would increase the demand for medical devices so as to provide accurate diagnosis and treatment to the patients. This is likely to propel the revenue generated through institutional demand of medical devices in the country.
Rising prevalence of orthopedic diseases and consequently number of orthopedic doctors in the country was the major factor responsible for the growth of the orthopedic and implants segment. Arthritis was one of the most common diseases affecting the population of Qatar. Men and women aged 80+ were at the highest risk of contracting this disease.
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