Inpatient Care - Egypt

Egypt

The Inpatient Care market in Egypt is expected to witness a significant increase in revenue, projected to reach US$3.02bn in 2024.
This growth is anticipated to continue at a compound annual growth rate (CAGR 2024-2029) of 10.92%, resulting in a market volume of US$5.07bn by 2029.
When compared globally, it is worth noting that United States is expected to generate the highest revenue, with an estimated US$731.40bn in 2024.
In Egypt, there has been a significant increase in the demand for private inpatient care services due to the lack of capacity in public hospitals.

Key regions: United States, Germany, Brazil, United Kingdom, Japan

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Currency

Analyst Opinion

The Inpatient Care market in Egypt has been experiencing significant growth in recent years.

Customer preferences: Egypt has a rapidly growing population, with a large proportion of the population being under the age of 30. This younger population has been increasingly seeking out high-quality healthcare services, including inpatient care, which has contributed to the growth of the market.

Trends in the market: One trend that has been driving growth in the Inpatient Care market in Egypt is the increasing prevalence of chronic diseases, such as diabetes and cardiovascular disease. These conditions require ongoing medical care and monitoring, which often requires hospitalization. Additionally, the government has been investing heavily in the healthcare sector, which has led to the construction of new hospitals and the expansion of existing ones. This has increased the availability of inpatient care services, which has further contributed to the growth of the market.

Local special circumstances: One of the unique characteristics of the Inpatient Care market in Egypt is the high level of competition among hospitals. There are many hospitals in the country, both public and private, which has led to a competitive market. This has driven hospitals to improve the quality of their services and facilities, which has ultimately benefited patients.

Underlying macroeconomic factors: Egypt has been experiencing strong economic growth in recent years, which has led to an increase in disposable income and improved access to healthcare services. Additionally, the government has been investing heavily in the healthcare sector, which has led to the expansion of healthcare services across the country. These underlying macroeconomic factors have contributed to the growth of the Inpatient Care market in Egypt.

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 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.