Outpatient Care - Egypt

Egypt

The Outpatient Care market in Egypt is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$1.22bn Egyptian pounds by 2024.
Furthermore, it is anticipated that the market will continue to expand at a compound annual growth rate (CAGR 2024-2029) of 14.49%.
This growth trajectory is expected to result in a market volume of US$2.40bn Egyptian pounds by 2029.
When compared globally, in the United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated value of US$744.80bn in 2024.
The demand for outpatient care services in Egypt has been increasing steadily, driven by a growing population and a rising awareness of the importance of preventive healthcare.

Key regions: France, Germany, United Kingdom, Canada, United States

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Analyst Opinion

The Outpatient Care market in Egypt has been experiencing significant growth over the past few years.

Customer preferences: Egyptians have been increasingly seeking outpatient care due to its convenience and cost-effectiveness compared to inpatient care. Additionally, the COVID-19 pandemic has accelerated the shift towards outpatient care as people try to avoid hospitals and clinics for fear of contracting the virus.

Trends in the market: One of the major trends in the Outpatient Care market in Egypt is the increasing adoption of telemedicine. With the advancements in technology, telemedicine has become an attractive option for both patients and healthcare providers. Patients can consult with doctors from the comfort of their homes, while healthcare providers can reach a wider audience and reduce the burden on hospitals and clinics. Another trend is the growing demand for specialized outpatient care services, such as dental care, ophthalmology, and dermatology. These services are becoming more accessible to the general public due to the increasing number of specialized clinics and the availability of affordable healthcare plans.

Local special circumstances: Egypt has a large and growing population, which has put pressure on the healthcare system to provide quality healthcare services to its citizens. The government has been working to improve the healthcare system by increasing investment in healthcare infrastructure and implementing healthcare reforms. Additionally, the country has a high prevalence of chronic diseases such as diabetes and cardiovascular diseases, which has led to an increase in demand for outpatient care services.

Underlying macroeconomic factors: The Outpatient Care market in Egypt is being driven by several macroeconomic factors. The country has a young and growing population, which has led to an increase in demand for healthcare services. Additionally, the government has been investing heavily in healthcare infrastructure, which has led to an increase in the number of hospitals, clinics, and healthcare providers. The country's strategic location has also made it an attractive destination for medical tourism, which has contributed to the growth of the Outpatient Care market. Finally, the COVID-19 pandemic has accelerated the shift towards outpatient care as people try to avoid hospitals and clinics for fear of contracting the virus. In conclusion, the Outpatient Care market in Egypt is experiencing significant growth due to the increasing demand for convenient and cost-effective healthcare services, the adoption of telemedicine, and the growing demand for specialized outpatient care services. The government's investment in healthcare infrastructure, the country's strategic location, and the COVID-19 pandemic are also contributing factors to the growth of the market.

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.