Praxis Global Alliance Unveils Healthcare Transformation Report at UAE Healthcare Leaders' Summit 2024
Praxis Global Alliance Unveils Healthcare Transformation Report at UAE Healthcare Leaders' Summit 2024
Abu Dhabi, UAE, October 24, 2024 – Praxis Global Alliance has released a comprehensive report titled “Transforming UAE Healthcare Through Technology”, during the UAE Healthcare Leaders' Summit and Awards 2024 in Abu Dhabi on October 24th, 2024.
The
report provides a comprehensive analysis of the UAE's healthcare
landscape, highlighting transformative technology trends, market
insights, and strategic imperatives poised to reshape the healthcare
sector over the coming years. This
expansion is driven by factors such as increased life expectancy, a
high prevalence of non-communicable diseases (NCDs), and the UAE's
burgeoning medical tourism industry.
Key findings and insights:
2. Healthcare costs and spending:
Government healthcare spending stands at 3.4% of GDP, lower than the global average of 6.5%, with high insurance premiums (as % of GDP/capita) making the UAE one of the most expensive regions for health services.
High treatment costs in the UAE for key
procedures like heart bypass, knee replacement, and mental health
therapy are significantly higher than in countries such as Poland,
Malaysia, and India. This cost disparity is driving many UAE patients to
seek medical care abroad, where similar treatments are available at
much lower prices
3. Infrastructure shortages and heavy reliance on medical device imports:
UAE has 2.0 hospital beds per 1,000 people and 2.9 doctors per 1,000 people, both below the averages of developed economies.
4. Chronic disease burden:
The UAE is ranked among the top medical tourism destinations, with Dubai and Abu Dhabi attracting a large number of international patients, driven by high treatment quality and advanced medical infrastructure.
7. Diversified population
The report highlights how technological innovations like AI, telemedicine, digital therapeutics, and genomics are crucial for addressing above mentioned key challenges in UAE healthcare ecosystem.
The report outlines strategic imperatives for technological disruption in the UAE healthcare sector, including enhancing workforce efficiency, optimizing
healthcare claims, increasing cost efficiency, improving local supply
chains, and catering to the demand for personalized care. Apart from this it also emphasizes the role of data utilization in delivering improved patient outcomes and driving long-term growth.
While unveiling the report, Aryaman Tandon, Managing Partner, Healthcare and Lifesciences said, “A
unique opportunity exists for the UAE healthcare sector to embrace
innovation, not only to enhance service delivery but also to achieve
substantial cost efficiency and attract medical tourism,” he added.
“Our report aims to serve as a roadmap for industry leaders and
stakeholders to capitalize on these technologies and create a
sustainable healthcare model for the UAE.”
The
report is intended to guide policymakers, healthcare providers, and
industry stakeholders toward a robust, tech-enabled healthcare ecosystem
that prioritizes quality, accessibility, and sustainability.
About Praxis:
Praxis Global Alliance is the next-gen management consulting firm
revolutionizing how consulting projects are delivered. It delivers
practical solutions to the toughest business problems by uniquely
combining domain practitioner expertise,
AI-led research approaches, and digital technologies. The company
operates three business units, including Praxis Global Alliance
Financial Investor Group (FIG), offering pre-deal support, commercial
due diligence, post-acquisition value creation, Praxis Global Alliance
Business Enablement and Transformation (BET) for practitioner-led
business advisory and consulting, and PraxDigital™ delivering data engineering and analytics, AI, OpenData and visualization solutions to clients across verticals.
With
a presence across 6 locations in India, UAE, and Saudi Arabia, Praxis
Global Alliance has successfully served over 40 countries with a
dedicated team of 200+ consultants and data scientists. Team Praxis
works with C-suite to the front-line executives across business streams,
helping them with end-to-end business enablement, organizational
transformation, and revenue maximization support in an agile
environment. For more details, please visit: https://www.praxisga.com/
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