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By 2030, the ageing population of the EU is estimated to rise by 52% and the number of people between the age of 15-65 is estimated to decrease by 7%. This significant demographic change is leading to patient empowerment. Healthcare expenditure in Europe has already reached 8.5% of GDP. In order to prevent it from [...]
Total Healthcare IT market in Asia (excluding Japan) was worth $ 2.95bn in 2006 and expected to accelerate with a CAGR of 13.1% to reach $4.83bn 2010. In 2006, China accounted for 46% of the in healthcare IT spending followed by Australia (25%). With almost 60% of population in the age group 15-59 years coupled [...]
Annual healthcare spending in the GCC countries is forecast to increase from $12bn in 2008 to $60bn by 2025. New models of public-private partnerships are emerging in the GCC as individual governments are now reassessing their roles in healthcare as regulators, commissioners and providers. Private sector also has huge opportunities in the region which is [...]
Bahrain’s Ithmaar Bank is developing a $1.6bn island for the healthcare industry which is scheduled to complete by 2013. The island similar to $1.8bn Dubai Healthcare City (DHCC) is an attempt to revolutionise the country’s healthcare system and turn it into a regional hub for health tourism.
Source: Reuters
Europe once the leader in pharmaceutical R&D is loosing sheen to US. Over a period of 1990-2006, R&D expenditure in Europe increased by 219% from EUR7.7bn in 1990 to EUR24.76bn in 2006. In the same period R&D expenditure in the US increased by 407% from $6.8bn to $34.5bn. According to EC, this growing concentration of [...]
Equity markets globally showed some positive gains during the week ended October 31, 2008, following the series of rate cuts by the leading global central banks to further ease up the liquidity situation. The Federal Reserve cut the benchmark Fed funds rate for the second time in October by 50 basis points to 1.0 percent. [...]
London, Friday, October 31, 2008 ARANCA News Report (www.aranca.com) : Even as the Federal Reserve slashed interest rates by half a percentage point to stave off a potentially deep recession, the US Commerce Department announced on Thursday that the economy shrank in the summer. Data from the Commerce Department revealed that the gross domestic [...]
London, Friday, October 31, 2008 ARANCA News Report (www.aranca.com) :In its first rate cut in seven years, Bank of Japan reduced interest rates from 0.5 percent to 0.3 percent on Friday. The news of the rate cut comes a day after Japanese Prime Minister Taro Aso announced Japan’s second stimulus package of 27 trillion yen ($275 [...]
All GCC markets ended in deep red for the week, with market sentiment turning negative due to the global financial turmoil, recession concerns and falling oil prices. Markets witnessed huge selling pressure throughout the week. However, the final trading day provided some respite for few markets with a slight recovery in global indices. Several indices [...]
Chronic Non-Communicable Diseases (CNCDs) which includes heart disease, stroke, several cancers, chronic respiratory conditions, and type 2 diabetes are considered as fatal. Without concerted action, some 388 million people are expected to die due to CNCDs over a 10 year period till 2017 while the concerted action is expected to save at least 36 million [...]
