Healthcare start-ups and technology companies are key areas of focus for the Dubai Health Authority (DHA) this year.
Speaking to Khaleej Times on the sidelines of Arab Health 2023 in Dubai, a senior DHA official said the emirate’s investment-friendly ecosystem is encouraging international healthcare startups to make Dubai their home. emphasized that there is
Dr Ibtesam Al Bastaki, DHA’s Director of Investments and Public Private Partnerships (PPP), explained Dubai’s strategic position, future prospects, diverse and growing population, influx of medical tourists, and the support and support received by investors. I emphasized that guidance is part of it. What makes the emirate a favorable investment destination?
Al-Bastaki added: We also want to keep an eye on healthcare start-ups and technology companies with a particular focus on medical technology. In medical technology, we are keen to attract start-ups and companies in medical devices, diagnostics and digital health. The aim of digital health is to make telemedicine services as convenient as possible for patients, giving them access to medical information and devices that help them monitor their health on a daily basis. ”
Steady FDI inflows into the country’s health sector
She explained that investment facilitation and ease of doing business have led to increased FDI inflows into the country.
“Despite Covid-19, the inflow of FDI into the health sector has remained steady,” she added.
According to Dubai’s Economic Development Authority, the FDI inflow Dubai attracted in 2021 was $37.2 million in healthcare from countries such as the US, India, UK, France, Sweden and Japan.
“Post-pandemic, our areas of focus over the next two years will be mental health rehabilitation, long-term and emergency care. prize.”
Other expansion areas include Innovation, Digital Health Medical Devices, Mental Health, Emergency Care, Long Term Care, Rehabilitation and Home Care.
home care for the elderly
“Homecare is a service that we want to tailor specifically for older people, providing care and regular and timely follow-up in the comfort of their own home.”
Beyond 2023, DHA forecasts for 10-15% growth in healthcare professionals and 3-6% growth in facilities.
Al-Bastaki affirmed that Dubai has seen tremendous growth in its healthcare sector and that the sector continues to attract foreign direct investment.
Dubai has 4,482 private health facilities. Over the past five years, the rate of increase in medical facilities has been approximately 45%.
As the number of health care facilities grows, Dubai will see a 61% increase in the number of licensed health professionals, reaching 55,208 by 2022.
Al Bastaki said a streamlined and clear regulatory policy, underpinned by an online professional and facility licensing process, has contributed significantly to attracting both high-quality professionals and renowned international medical facilities to Dubai. emphasized that
“Soon we will be signing an MOU with Dubai Silicon Oasis. They have a hub and the licensing part is ready. Create stuff, create an environment for them to start a business, and facilitate partnerships with private and public hospitals. Conduct clinical trials. We evaluate these startups to determine if they are on par, whether they are already in clinical trials in their home country or in other countries. We focus on trauma, including cardiovascular disease, oncology, orthopedic services, and rehabilitation services. Because we want to meet the needs of the population. Therefore, we are looking at such startups and technologies to fill the gap. ”
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