Connected Biosensors - Egypt

Egypt

Highlights

The Connected Biosensors in Egypt is projected to reach a revenue of US$154.70m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 11.86%, resulting in a projected market volume of US$271.00m by 2029.
In terms of user penetration, it is expected to be 1.18% in 2024 and is projected to reach 1.31% by 2029.
The average revenue per user (ARPU) is expected to be US$114.40.
When compared globally, China is anticipated to generate the highest revenue in the Connected Biosensors, amounting to US$4.49bn in 2024.
Egypt is experiencing a growing demand for connected biometric sensors in the digital health market, driven by advancements in healthcare technology and a focus on improving patient care.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Connected Biosensors market in Egypt is experiencing significant growth and development, driven by various factors shaping consumer preferences and market trends in the country.

Customer preferences: Egyptian consumers are increasingly seeking convenient and efficient healthcare solutions, leading to a growing demand for Connected Biosensors such as smart thermometers, blood glucose meters, blood pressure meters, and social alarms. The convenience of monitoring health parameters remotely and the ability to easily share data with healthcare providers are key factors driving the adoption of these connected devices.

Trends in the market: One of the notable trends in the Connected Biosensors market in Egypt is the rising awareness and emphasis on preventive healthcare. As more consumers prioritize proactive health monitoring, the demand for smart biosensors that enable continuous tracking of vital signs and health metrics is on the rise. Additionally, the integration of advanced technologies such as AI and IoT in connected biosensors is enhancing their functionality and accuracy, further fueling market growth in Egypt.

Local special circumstances: In Egypt, the healthcare infrastructure is undergoing transformation, with a growing focus on digital health solutions and remote patient monitoring. This shift is creating favorable conditions for the adoption of Connected Biosensors in the country. Moreover, the increasing prevalence of chronic diseases such as diabetes and hypertension is driving the need for continuous health monitoring, making smart biosensors a valuable tool for managing these conditions effectively.

Underlying macroeconomic factors: The economic development and increasing disposable income levels in Egypt are contributing to the growth of the Connected Biosensors market. As consumers become more health-conscious and willing to invest in wellness products, the demand for smart health devices is expected to continue rising. Additionally, government initiatives aimed at promoting digital healthcare solutions and improving access to medical services are further propelling the expansion of the Connected Biosensors market in Egypt.

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. 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 relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.