Egypt Healthcare Market Report: Complete Analysis of the Market Outlook to 2028

A recent research study by MarkNtel Advisors cites that the Egypt Healthcare Market Size, Share, Analysis, and Trends experienced notable growth in previous years and forecasts indicate around 10.79% compound annual growth rate (CAGR) for the market during 2023-28.

The report covers the major factors influencing its growth, drivers, restraints, opportunities, challenges, along with recent developments innovations that have contributed to the market expansion in the historical period, i.e., 2018-21.

It further presents a competitive landscape, which includes the leading players operating in the Egypt Healthcare Industry, their recent product launches innovations, along with the key strategies adopted by them to stay ahead in the competition. Additionally, the report explains the Egypt Healthcare Market through different segments/sub-segments, and regions/countries, suggesting opportunistic areas for stakeholders to tap upon.

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Scope of the Egypt Healthcare Market Report: Key Points Covered

Egypt Healthcare Market size share forecast for various segments regions
Analysis of the major factors influencing the Egypt Healthcare Market growth, which include drivers, restraints, opportunities, challenges
Comprehensive overview of the value chain of the Egypt Healthcare Market trends using Porter's five forces model
Information on high-growth segments in the Egypt Healthcare Market to present opportunities to stakeholders
Insights into joint ventures, mergers acquisitions, recent product launches developments in the Egypt Healthcare Market

Key Drivers: Launch of Universal Health Insurance Plan to Boost the Market Growth

Since the historical years, the Egypt government has been constantly focusing on providing quality healthcare cost-competitive medical services to residents to improve access to healthcare. As a part of the initiative, in 2018, the government launched a Universal Health Insurance (UHI) plan, 2032, to increase the adoption of advanced healthcare facilities among individuals.

Due to the high medical cost of treatment, the economically poorer section often abstains from availing the medical services, which in some cases contributes to a higher disease burden in the country. Hence, with the implementation of the plan, around 55.6 million populations were covered under the insurance scheme, according to the Government of Egypt. This notably resulted in an increased demand for healthcare services among the citizens.

Hence, the initiative of the Government of Egypt to provide healthcare subsidies is anticipated to have a significant impact on the healthcare market and would drive the need for cost-competitive efficient medical services in Egypt during 2023-2028.

Growth Restraints: Unavailability of Skilled Manpower to Widen the Gap Between the Demand for Healthcare Services

As immigration activities increase in Egypt, the healthcare sector is experiencing a shortage of physicians. This has led to a significant decline in the demand for domestic healthcare services. According to the Egyptian Medical Syndicate, between 2018-2019, more than 10,000 doctors resigned from public healthcare institutions in Egypt to earn a competitive salary in other countries such as the US, the UK, etc., resulting in a shortage of secondary care staff in the country. For instance:

In 2019, the Egypt Ministry of Health reported a dearth of specialized medical staff reporting just 103,000 doctors for over 100 million of the population. This data suggests an average of 10 doctors per 10,000 citizens, while the global average is 32 doctors per 10,000 citizens.

The factors contributing to the high immigration rates shortage of skilled manpower are low salaries, undesirable working conditions, lack of equipment supplies, and exposure. Hence, the difficulty in retaining skilled medical staff is a prominent factor that has hindered the Egypt Healthcare market.

However, presently, domestic healthcare companies such as Saudi German Hospital, As Aslam International hospital, among others, are considering hiring skilled medical staff from India, the US, etc. Additionally, domestic healthcare firms are focusing on providing the medical staff with competitive salaries training activities. Hence, this would mitigate the present healthcare hindrance in Egypt in the upcoming years.

Top Competitors in the Egypt Healthcare Market: Detailed Analysis

In this section, the top players in the Egypt Healthcare Market have been identified by comparing their revenues, resources, product portfolio, market share, key initiatives, and recent launches, among other aspects associated with the industry.

Egypt Healthcare Market leaders are the following often participate in joint venture programs resource sharing in order to achieve their respective objectives efficiently. Their financials, RD investments, strengths, weaknesses, among other findings, all have been carefully validated through Porter's five forces analysis.

- Cleopatra Hospital Group

- Saudi German Hospital

- As-Salam International Hospital

- Katameya Clinic Hospital (KCH)

- EL Nozha International Hospital (NIH)

- Wadi ElNeel Hospital

- Arab Contractors Medical Center

- Ganzouri Specialized Hospital

- Others

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Egypt Healthcare Market: Opportunistic Segments and Regions/Countries

The report delves into the dynamic landscape of the Egypt Healthcare Market, covering the major aspects driving its growth across different segments/sub-segments and regions/countries to help stakeholders achieve market positioning and identify their target audience revenue strategies. The industry is derived on the basis of the following:

By Type of Hospitals

- Government

- Non-Government

By Specialization

- General Hospitals

- Specialized Hospitals

By Disease Type

- Diabetes

- Cancer

- Cardiovascular

- Neurological

- Respiratory

- Bone Skeletal

- Eyes Nose Throat (ENT)

- Others

At the geographic level, the Egypt Healthcare Market spans across:

- Cairo

- Dakahlia

- Giza

- Alexandria

- Others

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Egypt Healthcare Market Report: Key Questions Answered

What would be the CAGR of the Egypt Healthcare Market during 2023-28?
What are the major regions/countries projected to offer remunerative opportunities to the Egypt Healthcare Market?
Who are the leading competitors in the Egypt Healthcare Market, and how are they shaping the market growth?
Which segments/sub-segments would account for the major share of the Egypt Healthcare Market during 2023-28?
What are the latest trends in the Egypt Healthcare Market, and how are they impacting the industry’s growth trajectory?

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Note: The Egypt Healthcare Market research report can be customized as per the specific requirements of clients, providing them with comprehensive valuable insights at various levels. This personalized approach enables them to understand the market's true potential, create effective strategies, and make informed decisions to stay ahead of the competition.

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