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2020 Cyprus Country Report

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

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Health<br />

Sector Profile<br />

STREAMLINING<br />

HEALTH<br />

The combination of a robust private health sector with internationally<br />

acclaimed medical research and health professionals, and the roll-out of a<br />

new national health system has brought <strong>Cyprus</strong> on par with its European<br />

peers. This crucial evolution has boosted <strong>Cyprus</strong>’ efforts to encourage more<br />

investments in areas such as e-health, medical tourism, rehabilitation<br />

services and medical schools to further develop its health sector.<br />

For decades, the <strong>Cyprus</strong> health sector<br />

has been primarily known for its<br />

excellent private healthcare with its<br />

highly trained and internationally<br />

experienced professionals, specialised<br />

medical services and globally renowned<br />

research. The majority of its<br />

medical professionals are educated at<br />

top-tier universities in the UK, Greece, Western<br />

Europe, the US and Russia, and international<br />

expertise and specialisation have been key<br />

factors in the development of <strong>Cyprus</strong>’ formidable<br />

private sector with 75 private hospitals and<br />

clinics, along with numerous smaller private<br />

practices.<br />

However, <strong>2020</strong> marks a milestone in this<br />

sector with the long-anticipated national health<br />

system (NHS) coming into full effect with the<br />

promise to modernise and upgrade healthcare<br />

into a more streamlined, transparent and costeffective<br />

system.<br />

International rankings further underline the<br />

strength of the health sector with <strong>Cyprus</strong> rated as<br />

the 21 st healthiest country in the world, according<br />

to Bloomberg’s 2019 edition of its Healthiest<br />

<strong>Country</strong> Index. <strong>Cyprus</strong> also has good access to<br />

quality health services, ranking 24 th out of 195<br />

countries in the Healthcare Access and Quality<br />

Index (HAQ) – a study funded by the Bill &<br />

Melinda Gates Foundation. In the index <strong>Cyprus</strong><br />

ranks higher than Germany, Israel and the US,<br />

which rank 25 th , 28 th and 37 th respectively. With<br />

the new NHS, the aim is to offer the public equal<br />

access to a healthcare sector that boasts excellent<br />

professionals, technology and innovation.<br />

COVID-19 IMPACT<br />

<strong>2020</strong> has been a year scarred by the coronavirus<br />

pandemic and its effects on the global economy.<br />

<strong>Cyprus</strong> took staunch measures before several of<br />

its European partners, taking a proactive stance<br />

KEY<br />

contacts<br />

Ministry of Health<br />

www.moh.gov.cy<br />

The Health Insurance<br />

Organisation (HIO/GESY)<br />

www.gesy.org.cy<br />

State Health Services<br />

Organisation (SHSO)<br />

www.shso.org.cy<br />

<strong>Cyprus</strong><br />

Healthcare Tourism<br />

www.cyhealthservices.com<br />

92 <strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong>

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