National Health Strategy likely to drive growth in medical devices sector

Doha, Qatar: Implementation of the National Health Strategy 2024 2030 is expected to facilitate significant growth in the medical devices sector and d...

Doha, Qatar: Implementation of the National Health Strategy 2024-2030 is expected to facilitate significant growth in the medical devices sector and digital health devices. 

The strategy will help grow advanced and digital devices, products that prevent non-communicable diseases, like diagnostic imaging devices, and supplies used for vaccinations, according to a forecast by BMI, a Fitch Solutions company. 

The National Health Strategy 2024-2030, launched in October, focuses on improved population health and wellbeing; excellence in service delivery and experience; and health system efficiency and resilience. The strategy aims to deliver the population of Qatar an integrated health system centred on clinical excellence, sustainability and innovation.

The strategy will implement 300 projects and initiatives targeting integrated patient pathways, digitising healthcare systems and strengthening research. The initiatives include universal vaccination coverage, occupational and environmental health, food safety, continuous improvement of care models, health tourism and the development of a skilled workforce. 

BMI predicts that Qatar’s medical device market will grow at a steady rate through 2028. It expects the market to grow by 5.7% annually and reach QR1.1bn ($298.6m) by 2028. BMI predicts that the growth will be boosted in 2025 by higher oil production and increased investment, driven by monetary policy changes that will help GDP grow by 2.2%. Long-term growth will also be supported by ongoing government investment in Qatar’s healthcare sector.