Investor Presentaiton
GEL million
Private large
portfolio companies
EXTERNALLY VALUED
GEORGIAN HEALTHCARE MARKET OVERVIEW
GROWTH IN HEALTHCARE SERVICES MARKET EXPECTED TO CONTINUE
GEORGIA
CAPITAL
STATE HEALTHCARE BUDGET IS INCREASING FOR THE LAST SEVERAL YEARS
12%
The country's expenditure on healthcare - c.
8% of GDP;
Double digit growth on the back of favorable dynamics expected
Total Market growth
of 8% 2020-2021
% growth
State healthcare spending dynamics
'20-'21
4,765
Total Market CAGR 2011-2019 of 13%
4,397
10%
10%
9%
9%
9%
9%
4,062
10%
3,760
968
3,488
884
3,062
3,218
806
734
669
2,464
607
2,034
696
1,722
1,611
1,716
1,504
7%
1,552
543
1,311
1,404
GEL million
800
802
681
710
760
829
574
438
1,217
1,092
343
305
908
782
675
714
573
659
814
1,013
1,273
1,395
1,508
1,622
1,752
1,903
2,075
9%
865
725
281
343
305
329
349
2015
2016
2017
2018
2019
2020B
2021B
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
2020F
2021F
I State Healthcare Spending - UHC
Pharma
Hospitals
Polyclinics
State Healthcare Spending - Other
Source: Frost & Sullivan analysis 2017
Hospital's market includes revenue of c. 10% from specialty beds, which is non-addressable market for GHG
Polyclinics market excludes dental and aesthetic services
Outpatient visits per capita, 2014-2016
7.02 EU average
4.4
3.9
4.0
4.1
3.2
2.5
8.4
7.4
-=
Healthcare spending as a % of total state spending
Source: Ministry of Finance of Georgia
LONG-TERM, HIGH GROWTH PROSPECTS
Bed occupancy rate by country, 2014-2016
88%
88%
10.0
70%
68%
68%
65%
65%
South
Africa
Thailand Georgia
US
UAE
Malaysia Poland Turkey
Russia
UK
Russia Thailand Turkey Malaysia South
US
S
Africa
Source: Frost & Sullivan analysis 2017
53%
50%
49%
US$
c. 40% of the total healthcare expenditure is
financed by the State;
Government expenditure on healthcare as a
% of GDP reached c. 3% from 1.6% in 2013;
Government spending on healthcare
accounts for c. 9% of the total budget;
In 2020 increase in Other State Healthcare
Spending is due to the evolved COVID-19
pandemic.
Per capita expenditures on healthcare by country, 2014-2018
9,403
3,935
910
893
570
568
456
308
228
75
Georgia
UAE
Poland
US
UK
UAE Poland Russia
South
Africa
Turkey Malaysia Georgia Thailand India
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