Hospitalization

The Jordanian Health Sector is highly sophisticated compared to the rest of the MENA region .Rising health expenditures and Jordan’s status as the leading medical tourism destination in the middle east are helping to drive expansion in the kingdom’s private hospital segment, which also benefits from the availability of well-trained medical staff (13,075 medical staff in 2012) and comparatively low treatment fees.


Healthcare Sector:

The Jordanian healthcare sector is known for its high-quality healthcare services both regionally and internationally due to the presence of world-class internationally qualified doctors and accredited hospitals equipped with the latest machinery and equipment, leading to shorter wait times for treatment.

The availability of top–tier doctors, world-class hospitals, and a wide clinical base allows for the expansion of services offered to both intercontinental and regional patients.


Overview:

  • World class medical tourism destination - Jordan is the region’s medical treatment hub over 250,000 foreign patients (Jordan Private Hospitals Association, 2015). , Jordan is ranked first in the MENA region and fifth internationally as a medical tourism destination (World Bank, 2015).
  • Medical tourism generated more than JD1.2 billion in 2015. These revenues include patients’ expenditure on medical procedures, accommodations, transportation and other expenses. It generates about two-thirds of tourism sector, as patients habitually travel with their entire families and/or stay for relatively long periods of time.
  • The main drivers for growth in this sector include the continuing high-volume medicine export activity generated by Jordan’s domestic drug manufacturers. The Jordanian medical device market is projected to grow at an above average pace of 9.3 % per annum until 2018, from USD 243.7 million in 2015 to USD 380.9mn in 2018
  • Jordan has 106 Hospitals, 6 of which are JCI accredited, while healthcare costs in Jordan are lower than those in Europe and USA.
  • Jordan has 22,000 physicians, 5,000 dentists, and 9,000 registered nurses - a high-density relative to the population
  • Among the highest pharmacologists / 10,000 capita ratios in the world (14.1 compared to world average of 4.2, India at 5, the US at 9, and Saudi Arabia at 4, according to World Health Organization,2014)
  • More than 30,000 undertaking courses in Para-Medical Sciences, Medicine, Pharmacy and Physical Education, underpinning a well-educated and experienced workforce for the future healthcare industry in Jordan (official 2014 statistics).
  • The Country’s location, supported with by free trade agreements (FTAs) offering Access to 1.5bn customers in 161 countries. For more details, please click here.
  • The Jordan University of Science & Technology has its own health center, which not only provides healthcare to international standards, but operates as a training, teaching and research center that has been accredited by the Health Care Accreditation Council since 2011.
  • Jordan development priority – Vision 2025 emphasis on development of the life sciences and healthcare and medical tourism cluster
  • Competitive tax environment - a Corporate tax rate of 20% and 12% Employer Tax. Besides, an attractive incentives package: From total income tax exemption in Free zones for export to reduced corporate income tax of 5% in development zones and exemption of customs duties and sales tax. For more information click here
  • Availability of Development Zone incentives for operations in:
  • Amman Development Area (Dabouq Business Park).
  • Irbid Development Area

Business Opportunities:

  • Medical centers/ hospitals with 5-star services
  • Specialized medical centers
  • Medical tourism facilitators
  • Medical colleges
  • Health Spas
  • Dead Sea Cosmetics

 

Investment opportunities in the Hospitalization sector