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Exploring the GCC’s prospective $11 billion GLP-1 RA market — ‘a unique opportunity to lead in this space’

Demand for GLP-1 receptor agonists (the class of drugs used to treat obesity and diabetes) has been growing rapidly, opening up more and more opportunities in the market, such as ‘holistic’ online prescription services. We’ve seen both the positives and negatives of the use of GLP-1 RAs in the US and Europe, from transforming people’s health for the better to misuse and inappropriate supply. But what do we know about the market in the Middle East?

Allianz rolls out its Elevate plan across Europe

Allianz Partners, a leader in B2B2C insurance and assistance, offering global solutions across international health and life, travel insurance, mobility and assistance, has announced the launch of “first to market” Elevate, its healthcare top-up plan.  Sold through the Allianz Partners health brand, Elevate was previously known as the EU Top-up Plan available only in Germany. It is now available for employees across the European Union (EU) and European Economic Area (EEA). 

Elysium Healthcare expands eating disorder care services with acquisition of Vivre Care

Elysium Healthcare, a UK-based mental health service provider which is part of Australian group Ramsay Health Care, has expanded its provision of specialist eating disorder services with the acquisition of Vivre Care, a residential care provider. Vivre Care provides specialist support for people with severe eating disorders, with its services “aligning with the NHS strategy of prioritising community-based treatment”.

Investors eye Malaysia and Southeast Asia’s strengthening digital health markets

Malaysia's digital healthcare transformation started with the introduction of the National Telemedicine Blueprint in 1997. The country has been slow in progressing but opportunities for investments are increasing in recent years. The aim is to have a nationwide Electronic Medical Record (EMR) system by 2026. The Ministry of Science, Technology, and Innovation (MOSTI) launched the Technology and Innovation Sandbox in 2020 to accelerate digitalisation across socio-economic sectors in Malaysia. As of 2021 data, healthcare has been a primary beneficiary, receiving highest tech support. 

Synlab sells Spanish division to Eurofins as part of long term divestment strategy

Pan-European diagnostic labs group Synlab is continuing to divest divisions of its business located in less profitable markets to divert resources towards more profitable markets. It is selling its Spanish division to Eurofins, a major listed multinational labs group, and is also attempting to sell its Romanian division.

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