Business Opportunities: Health Sector in Central Asia
Central Asia, particularly Uzbekistan and Kazakhstan, offer significant business opportunities for European companies in the health sector due to the increasing demand for high-quality medical services in the region. Below, we present five projects in the health sector that are planned for 2023 and 2024 in Central Asia and how European companies can participate in them.
According to the World Bank, healthcare spending in Central Asia has been steadily increasing in recent years. In 2019, Uzbekistan spent 5.5% of its GDP on healthcare, while Kazakhstan spent 3.6%.
Both Uzbekistan and Kazakhstan offer various incentives and facilities to foreign companies looking to invest in their healthcare sectors. These include tax exemptions, simplified procedures for obtaining permits and licenses, and the ability to repatriate profits.
Health Business Sectors in Central Asia
- Medical research and education hospitals: Medical research and education hospitals in Kazakhstan are expected to offer significant business opportunities for European companies that can provide state-of-the-art medical technology and hospital management consulting services.
- Diagnostic and treatment centers: The diagnostic and treatment center in Uzbekistan, in collaboration with South Korea, will focus on the diagnosis and treatment of chronic and acute diseases. European companies can participate in this project by providing advanced medical equipment and diagnostic technology.
- Fertility clinics: The fertility clinic in Kazakhstan will focus on infertility and in vitro fertilization. European companies can participate in this project by providing assisted reproduction technology and specialized medical equipment.
- Telemedicine centers: The telemedicine center in Uzbekistan will allow patients to receive high-quality medical care through video conferencing. European companies can participate in this project by providing advanced medical technology and telemedicine consulting services.
- Cancer hospitals: The cancer hospital in Kazakhstan will focus on the diagnosis and treatment of various types of cancer. European companies can participate in this project by providing advanced medical equipment, diagnostic technology, and hospital management consulting services.
Overall, Central Asia offers multiple opportunities for European companies in the health sector. The projects mentioned above are just some examples of how European companies can participate in the health sector in Central Asia.
Subscribe to our newsletter
Central Asia, a region consisting of five countries of the former Soviet Union, is known for its arid climate and the dependence of its economies on agriculture. Therefore, irrigation is a critically important sector in this region, and recent innovations in irrigation technology and practice are creating new opportunities for investors and enterprises in this field.06/02/2024
Central Asia, a region made up of five former Soviet countries, is experiencing rapid economic growth. This upward trend is due to a number of factors, including an abundance of natural resources and a series of government reforms aimed at attracting foreign investment.31/01/2024
The market for biostimulants and plant protection is booming, thanks to the growing demand for high-quality agricultural products and the need for sustainable practices. According to data from the United Nations Food and Agriculture Organization (FAO), the biostimulants industry is expected to grow at an annual rate of 12% until 2025.25/01/2024
The business climate in Kazakhstan, a view from the experience of the ACIR Southern Europe project office in Almaty.10/01/2024