UAE’s healthcare market to reach $12 bn by 2015March 6th, 2009 - 12:35 am ICT by IANS
Dubai, March 5 (IANS) The United Arab Emirates’ healthcare market is expected to reach 44 billion dirhams ($12 billion) by 2015, with significant expansions in the wellness and services sectors, WAM reported.
The UAE would showcase its healthcare sector at an exhibition to be organised at the Dubai International Convention and Exhibition Centre June 7-9.
“An ageing population and the increasing stress of modern life has created a boom in wellness retreats and spas around the world,” said Elisabeth Brehl, managing director of Epoc Messe Frankfturt, the organisers of the exhibition.
“Personal wellness is starting to become a lifestyle trend as people seek relaxation and respite from the pressures of daily life, and activities that cultivate physical, spiritual and mental well-being are becoming important to many people in deciding how to spend their leisure time,” she added.
Americans and Canadians have spent about 41 and four billion dirhams on wellness and spa tourism respectively over the past two years. The wellness and anti-ageing programmes are a trillion dollar business globally, the report said Wednesday quoting a study.
In 2008, Beautyworld Middle East and Wellness and Spas Middle East exhibitions registered a 38-percent increase of visitors compared to the previous year. The exhibitions attracted 850 exhibitors representing 1,650 brands from 50 countries.