Bahrain4 November 20152 min read

Healthcare spend high

H ealthcare spend in Bahrain, as a proportion of GDP, is higher than other GCC countries, but still fall short of global averages and is much below the spending in developed countries, according to a research by Al Masah Capital, the Dubai-based alternative asset management compa

Editorial Team Legacy

Published 4 November 2015, 8:00 · Updated 21:26

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Healthcare spend in Bahrain, as a proportion of GDP, is higher than other GCC countries, but still fall short of global averages and is much below the spending in developed countries, according to a research by Al Masah Capital, the Dubai-based alternative asset management company.

On a per capita basis, the GCC spending on healthcare was US$1,022, compared with the world average of US$1,062. The United States

spends around US$9,000 on a per capita basis on healthcare whereas Japan and the United Kingdom spend around US$ 4,000.

“The healthcare sector, accounting for about 10 per cent of the world’s GDP, has been critical to global economic growth over the years. Global spending on healthcare increased to US$7.6 trillion in 2013 from US$3.9trn in 2003.

However, the healthcare spending pattern across the globe has been uneven with high-income countries spending a large share of their GDP on healthcare while developing countries gradually increasing their healthcare spend,” Shailesh Dash, founder and CEO of Al Masah Capital, explained.

The Dubai-based alternative asset management company noted that GCC nations, which account for about 52pc of the healthcare expenditure of the MENA region, recorded healthcare spend of US$49.8 billion in 2013 versus US$15.5bn in 2003.

Healthcare spend high

Editorial Team Legacy

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