“UAE’s Health and Pharmaceutical Economic Growth & Innovative Capacity” Dr. Amin Hussain Al Amiri. M.Sc, Ph.D. Asst. Undersecretary For Public Health Policy & Licensing Ministry of Health & PrevenAon, UAE 2017 1 U.S-U.A.E Business Council Healthcare Event
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“UAE’s Health and Pharmaceutical Economic Growth & Innovative
ü In2016,healthexpenditureincreasedby5%inlocalcurrencyterms,reachingAED59.15bn(USD16.12bn).
ü ItisforecastedtorisetoAED73.52bn(USD20.03bn)by2020,whichtranslatestoacompoundannualgrowthrate(CAGR)of5.5%.
ü Overtheextended2016-2025forecastperiod,healthexpenditureisexpectedtorisetoAED101.94bn(USD27.78bn),whichequatestoaCAGRof6.1%
ü Thegovernment'sshareoftotalhealthexpenditureisexpectedtofalloverourforecastperiodfrom71.3%in2015to60.7%by2025,aligningwiththestrategyofPPPandprivatesectorinvestmentencouragement.
v PharmaceuAcalimportsandexportsstoodatAED8.78bn(USD2.39bn)andAED3.37bn(USD917mn)respecAvelyin2015.
v ImportswillincreasetoAED14.14bn(USD3.85bn)byend2016andAED17.30bn(USD4.74bn)by2020,atacompoundannualgrowthrate(CAGR)of5.1%
v ExportsexpectedtorisetoAED3.49bn(USD950mn)byend2016andAED4.14bn(USD1.13bn)by2020-CAGRof4.2%.Ø UAEimportspharmaceuAcalproductsfrommainly72countries,10countriesaccountforapproximately
• UAE is the only country in theMENA region that adopted an effecMve fast track system forregistraMon of innovator drugs: Fast Track Innovator, which allowed quick access ofinnovatordrugstoUAEpaMents&paMentsfromneighboringcountrieswhoseektreatmentintheUAE.