A rising population combined with an aging demographic pattern has added pressures to existing healthcare services. Additionally, a steady rise in GDP per capita and the alarming rise amongst the population of lifestyle diseases such as diabetes and cardiovascular diseases are factors fuelling greater demand for specialized healthcare services. In order to begin combatting these issues, Sharjah Healthcare City (SHCC) will be built – a Free Zone dedicated to healthcare and healthcare-related activities. SHCC will establish the infrastructure necessary to support a wide range of medical facilities.
Centers of Excellence
As there are currently no specialized medical centers in Sharjah, opportunities exist for highly specialized oncology hospitals, and for specialty clinics for diabetes treatment and pediatrics.
Long-Term Care Facilities
Evolving cultural norms and family dynamics are opening opportunities for long-term care facilities for the elderly, accident victims, patients affected by neurological disorders, and children born with birth defects.
Pharmaceutical sales are growing in parallel with the rise in healthcare expenditures and the maturation of the sector. A growing elderly population and the increasing number of lifestyle disease patients are driving demand for pharmaceuticals, while the federal government is calling for a reduction on the reliance of drug imports.
Strategic Partnerships for Research & Development Activities
Opportunities exist for foreign players to undertake strategic partnerships with regional institutions for research and development activities as a means to tap into the potential of the underdeveloped pharmaceuticals market.
Set-up of Manufacturing Units by Private Players
With federal government’s encouragement for local generic brand manufacturing, there are opportunities for private entities to set up local facilities to meet the growing domestic and regional drug demand.
Joint Ventures/Licensing Deals
Opportunities exist for local and international players to enter joint ventures and licensing deals with multinational pharmaceutical companies to boost domestic drug manufacturing
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