The UAE’s healthcare sector has dramatically expanded over the past four decades. At the time when it was founded in 1971, the country consisted just 7 hospitals and 12 healthcare centers. According to Middle East Medical Devices and Diagnostics Trade Association, the annual value of the medical technology market in the region is set to grow to $11 billion by 2021 while overall healthcare spending will reach $144 billion in MENA by 2022 However, as the consequences of falling oil prices,…