Al-Jasser: work is underway to restructure and develop aviation infrastructure    Diriyah to host third IMFC Deputies meeting under Saudi chairmanship    15,135 decisions taken to penalize Saudis and expats for violations    Saudi-European Parliamentary Friendship Committee discusses cooperation during Strasbourg visit    Saudi stock market loses half a trillion riyals, with Aramco's losses amounting to SR340 billion Tariff turmoil rattles Gulf markets    KAU to host Digital Communication Conference in Jeddah from April 29 to May 1    TGA: Riyadh tops with 45% of 290 million orders delivered in 2024    Aja and Salma mountains draw nature lovers to Hail's rugged landscapes    US revokes all visas for South Sudanese nationals over deportation dispute    Death toll from Myanmar earthquake rises to 3,471    Macron to hold Gaza summit with Egypt and Jordan in Cairo    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Al Qadsiah and Al Ettifaq share spoils in tense Eastern Derby stalemate    Moussa Diaby praises Al Ittihad's resilience after Jeddah Derby draw "When you can't win, you take a point"    Saudi assistant referee Iman Al Madani joins AFC elite list for 2025    Riyadh Art Week launches with over 50 galleries showcasing global artistic dialogue    Turki Al-Sheikh announces five new Saudi film projects to be produced in Riyadh    Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    Ed Sheeran weaves Persian music into new song, Azizam    Veteran Bollywood actor Manoj Kumar dies at 87    Screen time in bed linked to insomnia, study finds    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



A start-up prescription for the Gulf
Published in The Saudi Gazette on 20 - 12 - 2019

Since the dawn of medicine, physicians have understood that all treatments don't work for everybody. Indeed, an ancient therapeutic axiom advises healers to treat the patient and not the disease. New advances in genetic and medical technology will enable doctors to apply that idea in unprecedented ways — and the Gulf's healthcare sector could stand to benefit as personalized medicine becomes the norm.
Personalized medicine or theranostics is the tailoring of medical treatments to each individual — or sometimes, a group of similar individuals — in line with their unique molecular and genetic profiles. Through a combination of pharmacology, genomics and digital technology, the approach aims to provide patients with the right drug at the right stage of an illness, as well as offer indicative warnings before a disease even sets in.
Enormous healthcare market
National authorities across the world believe such personalized medical approaches could revolutionise the future of healthcare, reducing costs, improving efficiencies and saving lives. And countries in the region, with innovation in their DNA, are among a raft of nearly 40 health-focused nations exploring these new applications.
Bahrain has led efforts to develop high-quality medical services for its population and is among the first countries to create a national genetic biobank. Over 50,000 DNA data samples will be collected over the next five years in order to build a reference library for hereditary illnesses across the region.
Also, Saudi Arabia expects its recently established Human Genome Program to contribute to its Vision 2030 plan, of which health care is a major plank.
Meanwhile, in October, the genome of two Emirati individuals was mapped for the first time, providing a starting point for constructing a national reference panel as part of the UAE Genome Project.
These initiatives are partly a response to the region's enormous healthcare costs. Saudi Arabia alone spends $30 billion on health treatments annually. Kuwait, with one-eighth the population, is on course to pay $8 billion next year.
Overall, the region's current health care expenditure will reach $104.6 billion by 2022, a CAGR of 6.6% from $76.1 billion in 2017. Non-communicable diseases such as cancer, diabetes and cardiovascular disease are the major line items on that bill.
On the other hand, the Middle East region also carries a high burden of genetic disease, both as severe inherited conditions and by way of common genetic diseases that appear later in life, such as diabetes.
Opportunities for entrepreneurs
This is where precision medicine comes in. MedTech applications that leverage its benefits could be worth $3.4 billion worldwide by 2024. But the GCC's enormous market, authorities' commitment to embracing new technologies and the potential for immediate application among 580 million people offer a promising value opportunity for entrepreneurs on a mission to serve the greater good.
Several countries have rolled out the red carpet for health care start-ups recently as part of their diversification efforts.
Visa regulations have been changed: Both Bahrain and the UAE have announced 10-year residency programs for investors. And the law is changing: Insurance laws across the region have been reformed in the recent years and new legislation is being drafted to encourage inward investment through private-public partnerships.
In Bahrain, for example, a raft of factors from legislative action to private-sector infrastructure investments are converging to create a transformative new destination for personalised health care. Last year, the state promulgated a new universal health insurance law to provide a consolidated, responsive and high-quality healthcare system for residents, expats and visitors alike.
Some industry insiders estimate that investments in the country's healthcare sector have jumped 50-70% since the start of 2019 — possibly because Bahrain offers 100% foreign ownership for entrepreneurs with the lowest setup and operating costs within the GCC, at 30-50% lower than neighbouring countries.
Can the GCC become a world leader in precision medicine? The building blocks are in place; the onus is on health care entrepreneurs to make it happen. — SG


Clic here to read the story from its source.