Egypt Diagnostic
Imaging market is expected to grow at a significant rate during the forecast
period. The factors responsible for the growth of the market are increased
investment & reimbursement programs by the government, rising need for
early detection tools, technical developments to enhance turnaround time, and
construction of new facilities by market participants in developing countries. Diagnostic
imaging, which includes techniques such as X-ray, CT scans, MRI, and
ultrasound, is a critical component of modern healthcare, providing physicians
with a non-invasive way to diagnose and monitor a wide range of diseases and
conditions.
Additionally,
growing geriatric population and the rising prevalence of chronic diseases are also
propelling the growth of the market. In Egypt, the demand for diagnostic
imaging services has been increasing due to the country's growing population
and rising prevalence of chronic diseases such as cancer, heart disease, and
diabetes.
The Egyptian
government has been actively working to improve the country's healthcare
infrastructure and increase access to diagnostic imaging services. In recent
years, the government has invested in the construction of new hospitals and
clinics, as well as the installation of modern diagnostic imaging equipment.
These investments have helped to expand access to diagnostic imaging services
in both urban and rural areas of the country. This, in turn, cooperates in
boosting the growth of the Egypt Diagnostic Imaging Market.
Moreover, Egypt
is also becoming a popular destination for medical tourism in recent years, and
this has led to an increase in the demand for diagnostic imaging services. The
country's medical tourism industry has been growing rapidly, with many patients
from other countries coming to Egypt for medical treatment. The growth of the
medical tourism industry has resulted in an increase in the number of private
clinics and diagnostic centers that offer advanced diagnostic imaging services,
which has further driven the growth of the market.
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Rising
Prevalence of Chronic Diseases
Chronic
diseases, such as cancer, cardiovascular diseases, and diabetes, are becoming
more prevalent in Egypt. According to the World Health Organization (WHO),
cardiovascular diseases are the leading cause of death in Egypt, accounting for
42% of all deaths. Cancer is also a significant health concern, with breast
cancer being the most common type of cancer among women in Egypt. Also, the
advanced technological advancement with highest accuracy and precision, and the
growing awareness amongst population globally are projected to propell the
growth of market. For instance, According to the latest report of World Health
Organization, in 2020, liver cancer deaths in Egypt accounted for 24,512 or
4.57% of total deaths. Therefore, the rising prevalence of chronic diseases has
increased the demand for diagnostic imaging equipment, as these machines are
crucial for the early detection and diagnosis of these diseases.
Growing
Healthcare Infrastructure
Egypt has been
investing heavily in its healthcare infrastructure in recent years, which has
led to increased expenditure on medical equipment, including diagnostic imaging
equipment. The country has implemented several initiatives to improve its
healthcare system, such as the establishment of the Universal Health Insurance
System, which aims to provide universal health coverage to all Egyptians. These
initiatives have led to an increase in the demand for diagnostic imaging
equipment, as more hospitals and clinics are being built and equipped with
modern diagnostic imaging machines. For instance, the private and government institutes
are investing in the healthcare infrastructure of the country which is expected
to support the growth of the Egypt diagnostic imaging market in the upcoming
five years.
The government
has put forth a plan to build various hospitals, clinics, diagnostic clinics,
etc. and invest in more than USD75 billion on the healthcare infrastructure,
thus supporting the growth of the Egypt diagnostic imaging market. Moreover,
growing population, demanding the diagnostic services, is also aiding to its
growth. Rising geriatric population is also one of the major reasons for the
growth of the Egypt diagnostic imaging market in the next five years.
Also, increased
focus on the innovative equipment and advanced labs is also anticipated to
substantiate the growth of the Egypt diagnostic imaging market in the future
five years. Additionally, increased demand for the diagnostic tests like
routine blood and urine tests, high-end genetic analysis, fluorescence in situ
hybridization, molecular expression testing, etc. are also aiding the growth of
the Egypt diagnostic imaging market in the forecast years, until 2028.
Rising Demand
for Medical Facilities
Over 100 million people live
in the borders of Egypt, making it one of the most populated Arab nations in
the world, while an additional 10 million people reside outside of its borders,
with population growth at a 2.5% annual pace. Therefore, the demand for medical
facilities in the healthcare sector is growing in Egypt. Non-communicable
diseases, including cardiovascular disease, diabetes, cancer, and chronic
respiratory disease, are currently the leading national cause of death in Egypt.
Moreover, Non-communicable diseases account for approximately 82% of all
deaths and 67 % of premature deaths. Early detection of chronic diseases
increases the rate of survival among patients. Hence, the demand for medical
facilities is driving the growth of the Diagnostic Imaging market in Egypt.
Rising Elderly Population to Drive
the Growth of Egypt Diagnostic Imaging Market
Geriatric
population constitutes 15% of total Egypt population. Growing aging populations are associated with
an increase in chronic illness prevalence, which is predicted to lead to more
hospital admissions and demand for Diagnostic Imaging facilities. Additionally,
aging population leads to a number of chronic diseases and is one of the most
frequent reasons for injuries and hospital admissions. Presently there are
5.5 million over the age of 65, but this number is expected to increase to 7.7
million by 2030. This factor is expected to boost the demand of diagnosis
in geriatric population, which in turn, is driving the growth of the Diagnostic
Imaging Market in Egypt.
Growth in Research &
Development
Rapid advancements in
research and development (R&D) practices and activities are propelling the
growth of the market on account of growing need of developing novel diagnostic
solutions for the treatment of different life-threatening diseases. According
to World Data Atlas (Egypt), in 2020, R&D expenditure for Egypt was 1 %.
Therefore, the R&D expenditure of Egypt increased from 0.2 % in 1998 to 1 %
in 2020 growing at an average annual rate of 9.82%.
Lack of Skilled Medical
Professionals to Hamper the Market Growth
The hiring of suitable
personnel is one of the main obstacles to setting up and running healthcare
facilities in Egypt. Omnia Health’s analysis showed that by 2030, there will
be a greater need for medical education institutions, with an extra 88,000
doctors, 73,000 nurses, and 18,000 pharmacists needed to meet the increased
demand of diagnostic devices. According to one of the major organizations for
doctors, the Egyptian Medical Syndicate, more than 10,000 doctors have left the
nation over the last three years, due to low pay and unfavorable working
circumstances, such as inadequate medical care and inadequate supplies in
government hospitals. Additionally, the stringent rules and regulation for
the provision of the insurances for the healthcare services in conjugations
with public hospitals and private sector healthcare institutions are
anticipated to further aid to the growth of the Egypt diagnostic labs market in
the forecast years. Hence, the lack of skilled medical professionals to handle
sophisticated Diagnostic Imaging machinery is hampering the growth of the Egypt
Diagnostic Imaging Market.
Market Segmentation
Egypt Diagnostic Imaging
Market is segmented based on type, Mobility, Source,
Application, and End-Use. Based on type, the market is divided into X-Ray
Imaging Solutions, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear
Imaging Solutions, Mammography, and others. Based on Mobility, the market is
divided into Portable and Standalone. By Source, the market is divided into Domestic
and Import. By Application, the market is categorized into Cardiology,
Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and others. By
End Users, the market is divided into Hospitals & Clinics, Diagnostic
Centers, Ambulatory Care Centers, and others.
Market players
Nile Medical
Group, MetaMed, Siemens Healthineers Egypt, FUJIFILM Healthcare Middle East
S.A.E., Allengers Group of Companies, Philips Healthcare Egypt.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
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Historic
Data
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2018 – 2021
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|
Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
|
Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028
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|
Report
coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
covered
|
Type
Mobility
Source
Application
End-Use
|
|
Regional
scope
|
Cairo,
Alexandria, Giza Qalyubia, Port Said Suez, Rest of Egypt.
|
|
Key
companies profiled
|
Nile
Medical Group, MetaMed, Siemens Healthineers Egypt, FUJIFILM Healthcare
Middle East S.A.E., Allengers Group of Companies, Philips Healthcare Egypt.
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|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report Scope:
In this report, the Egypt Diagnostic
Imaging Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
Egypt Diagnostic Imaging Market, By Type:
- X-Ray Imaging Solutions
- Ultrasound Systems
- MRI Systems
- CT Scanners
- Nuclear Imaging Solutions
- Mammography
- Others
Egypt Diagnostic Imaging Market, By Mobility:
Egypt Diagnostic Imaging Market, By Source
Egypt Diagnostic Imaging Market, By Application
- Cardiology
- Oncology
- Neurology
- Orthopedics
- Gastroenterology
- Gynecology
- Others
Egypt Diagnostic Imaging Market, By End Users
- Hospitals & Clinics
- Diagnostic Centers
- Ambulatory Care Centers
- Others
Egypt Diagnostic Imaging Market, By Region
- Cairo
- Alexandria
- Giza Qalyubia
- Port Said Suez
- Rest of Egypt
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Egypt Diagnostic Imaging Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Egypt Diagnostic Imaging
Market is an upcoming report to be released soon. If you wish an early delivery
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