Egypt Healthcare Market 2023: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2028

According to MarkNtel Advisors study the Egypt Healthcare market is projected to grow at a CAGR of around 10.79% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: 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.

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Scope of the Report and Egypt Healthcare Market Segmentation:

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

Among them, the Diabetic disease type contributes heavily to the revenue generated by the Egypt Healthcare industry.

Egypt Healthcare Market Development:

• 2022: The Siemens Helathineers and Alameda Group signed a memorandum of understanding to transform the healthcare sector in Egypt. The transformation would include the upgradation of the As-Salam International hospital laboratory.
• 2022: Cleopatra Hospital Group, through its subsidiary, Cleopatra Haven SAE, signed an 18-year concession agreement for Haven Hospital in Giza, Egypt. This marks the group’s expansion to west Cairo

Geographical Analysis:

By Region

• Cairo
• Dakahlia
• Giza
• Alexandria
• Others

Note: If you require specific information not covered in the current report, we can provide it through customized option

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