Opportunities in the Healthcare Market in Bahrain
Opportunities in the Healthcare Market in Bahrain
Ministry of Health’s new projects and mandatory health insurance to create investment opportunities
08-Jan-2018
South Asia, Middle East & North Africa
Market Research
Description
This Industry Docket provides a brief overview of the healthcare opportunity landscape in Bahrain, its position among GCC countries, its health indicators and availability of healthcare facilities, changing scenarios of payer and providers, past and future trends in inpatients and outpatients. Infrastructure and care division across the private and public sectors, opportunities by key specialities, and demand supply gap for hospital beds in Bahrain are also showcased. The docket functions as the first-stop for senior management and members of the CEO's team to gain a basic understanding of the market, and its investment and opportunity potential
Table of Contents
Scope & Limitations
Bahrain’s investment opportunities range across speciality services, medical tourism, the PPP space and care delivery
Heart disease & Diabetes Mellitus leading causes of death. Bahrainis increasingly prefer private hospitals: public hospitals have long wait times
Government initiatives on PPP and universal health coverage create growth opportunities for private sector
GCC population in 2016: ~54 Mn growing at a CAGR of 2.8% offers good investment opportunities
Expats dominate with 53%; only 47% are Bahraini nationals. High expat ratio drives healthcare demand
Bahrain recorded GDP growth of 3.5% to reach USD 32 Bn in 2016. Positioned in top half of GCC nations in growth terms
GDP per capita for Bahrain was USD 24,119 in 2016, grew at a CAGR of 2.1% between 2010 and 2016
Healthcare industry shows positive trend with constant increase in expenditure, irrespective of the oil price trend
Bahrain’s Infant Mortality Rate relatively lower, as compared to other GCC countries; Average Life Expectancy is 77 years
Of the population, 35% is obese; Heart Disease, NCDs and Diabetes Mellitus are the leading causes of deaths in Bahrain
Bahrain’s Healthcare structure is governed by the NHRA; the MoH plays the role of the principal healthcare service provider
Public Healthcare Sector contributes 63% of total healthcare expenditure; private healthcare sector grew faster at ~28%
Private sector contribution to beds only 18%, although hospital numbers higher. Govt. scheme for mandatory social health insurance to drive growth
Bed density grew at a CAGR of ~2.2% to reach 1.95 per 1,000 population in 2014. Expected to rise further driven by government initiatives
Ratio of Physicians and Nurses per 1000 population is quite low at 0.92 and 2.37, respectively, against desired benchmarks of 2.5 and 7.5, respectively
In-patient and Out-patient Visits are higher in the Public Sector. However private sector drives growth
Growth in both OP (6.7%) and IP (12.7%) for private hospitals higher compared to public hospitals; however, patient visits higher for public hospitals
Based on analysis of Demand-Supply, a Gap of ~1,176 beds seen in Bahrain by 2022
Health payer and coverage scenario: Nationals
Health payer and coverage scenario: Expatriates (1/2)
Health payer and coverage scenario: Expatriates (2/2)
Speciality service mapping shows huge growth opportunities in Endocrinology, Neurology, Ophthalmology and Cardiac Sciences
OBGYN, General Medicine, and ER account for majority of the volumes even in the Public Sector
Rising Medical cost and higher healthcare IT spending are some business opportunities for GCC healthcare service providers
MoH’s 18 new projects worth USD 718 million and mandatory health insurance to create investment opportunities for PPP
Evaluate provision of niche speciality services in tandem with Bahrain’s tourism potential
Maximise opportunities from existing products and markets; systematically explore new products, markets, including inorganic Opportunities
Our Growth Consulting Canvas
Legal Disclaimer
Growth dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Popular Topics
This Industry Docket provides a brief overview of the healthcare opportunity landscape in Bahrain, its position in the GCC countries, health indicators and availability of healthcare facilities in Bahrain, changing scenarios of payer and providers, past and future trends in inpatients and outpatients, infrastructure and care division among private and public sector, opportunities by key specialities, and demand supply gap for hospital beds in Bahrain. The docket functions as the first-stop for senior management and members of the CEO's team to gain a basic understanding of the market, and its investment and opportunity potential
Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Lightbox Content | World Cancer Day 2019|Get 15% discount for all Healthcare studies |https://store.frost.com/contacts/?utm_source=PD&utm_medium=lightbox&utm_campaign=HEALTHCARE_CANCER2019 |
Author | Shradha Manjrekar |
Industries | Healthcare |
WIP Number | 9ADC-00-56-00-00 |
Is Prebook | No |