Hospitals - Egypt

Egypt

The Hospitals market in Egypt is expected to witness a significant growth in revenue, with projections indicating that it will reach US$5.92bn in 2024.
This growth is further expected to continue at an annual growth rate of 9.69% from 2024 to 2029, resulting in a market volume of US$9.40bn by 2029.
In a global comparison, it is noteworthy that in the United States is expected to generate the highest revenue in the Hospitals market, reaching a staggering US$1,501.00bn in 2024.
When considering the revenue generated per person, it is estimated that in Egypt, each individual will contribute approximately US$51.73 in revenue in 2024.
This highlights the significant impact of the Hospitals market on the country's economy.
Egypt's hospital market is experiencing a surge in medical tourism, attracting patients from across the region seeking high-quality healthcare services.

Key regions: United States, China, Germany, Japan, Europe

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Currency

Analyst Opinion

The healthcare industry in Egypt has been growing rapidly in recent years. With a population of over 100 million people, it is the third most populous country in Africa, and the demand for healthcare services is high. In this context, the Hospitals market in Egypt has been developing in a certain way.

Customer preferences: Egyptian customers prefer healthcare services that are affordable, accessible, and of high quality. They value healthcare providers who offer a wide range of services, including preventive care, diagnostic services, and treatment options. Additionally, they prefer hospitals that have modern facilities and equipment, and that are staffed by well-trained and experienced healthcare professionals.

Trends in the market: The Hospitals market in Egypt has been growing steadily in recent years, driven by several factors. One of the key drivers is the increasing demand for healthcare services due to the country's growing population and aging demographics. Another factor is the increasing prevalence of chronic diseases, such as diabetes and cardiovascular disease, which require ongoing medical care and treatment.In response to these trends, many hospitals in Egypt are expanding their services and facilities to meet the growing demand. They are investing in new technologies and equipment, and hiring more healthcare professionals to provide specialized care. Additionally, many hospitals are adopting new models of care, such as telemedicine and home healthcare, to improve access to care for patients who live in remote or underserved areas.

Local special circumstances: Egypt faces several unique challenges in the healthcare industry, including a shortage of healthcare professionals, uneven distribution of healthcare resources across the country, and a high burden of communicable diseases such as hepatitis and tuberculosis. Additionally, the country has been facing economic challenges in recent years, which has put pressure on the healthcare system and made it difficult for some hospitals to invest in new technologies and facilities.

Underlying macroeconomic factors: The Egyptian economy has been growing steadily in recent years, but it still faces several challenges, including high inflation, high unemployment, and a large public debt. These factors have put pressure on the healthcare system, making it difficult for some hospitals to invest in new technologies and facilities. However, the government has been taking steps to address these challenges, including implementing economic reforms and investing in the healthcare system. As a result, the Hospitals market in Egypt is expected to continue growing in the coming years, driven by increasing demand for healthcare services and ongoing investments in the healthcare industry.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.