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Dubai, March 17 / The Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, organized the ninth event in the series of digital economy workshops, which focused on the health technology sector, and a number of the most prominent leaders of the sector participated in it to explore opportunities and challenges in this important market. .
In his opening speech, His Excellency Ahmed bin Byat, Vice Chairman of the Dubai Chamber for Digital Economy, highlighted Dubai’s growing position as a leading center for health technology and the huge amount of investment opportunities in this sector.
He said that Dubai has succeeded in gaining a good reputation as a center for health technology among international investors and tourists coming for medical reasons, by attracting advanced health technologies and innovative digital solutions that have been able to establish a world-class health care system.
It is noteworthy that the value of the healthcare market in Dubai exceeds $4.63 billion annually, and is expected to play a pivotal role in stimulating the growth of the healthcare sector in the Middle East and North Africa region, reaching a value of $243 billion this year.
National strategies, the most important of which is support for investment in artificial intelligence technologies, have played a major role in establishing Dubai’s leading regional position in the areas of healthcare, artificial intelligence and technology.
Bin Bayat added that Dubai has a high-tech infrastructure for the health care sector, and attracts an increasing number of public and private health institutions, including elite international hospitals, outpatient clinics centers and diagnostic laboratories. All of this contributed to the emirate’s position as a global center for health care and health technology, and a leading destination for medical tourism.
According to a report by Dubai Healthcare City Authority, the MENA health tech startup ecosystem is now valued at more than $1.5 billion, which is a 22-fold increase since 2016.
Participants in the workshop reviewed health technology growth indicators, which lead to the emergence of major trends and new investment opportunities, the most important of which is the development of health technologies based on artificial intelligence, which keeps pace with global trends and the growth of demand for the development of health care technologies.
For example, the Internet of Things in the medical sector will change the interaction mechanisms of healthcare providers with patients, and this will lead to the emergence of new opportunities for manufacturers and suppliers to invest in healthcare technologies and services connected via the Internet. Moreover, Dubai’s drive to support most economic sectors, including healthcare, by relying on data will lead to big data processing becoming a major part of healthcare investments in the coming years.
The Dubai Chamber of Digital Economy cooperates with stakeholders in all sectors of digital technologies to promote innovation, cooperation and growth in the digital economy.
