Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Egypt

Egypt

The projected revenue in the Other Medical Devices market market in Egypt is expected to reach US$0.33bn in 2024.
It is anticipated that the revenue will display an annual growth rate (CAGR 2024-2029) of 9.94%, leading to a market volume of US$0.53bn by 2029.
When compared globally, the United States is expected to generate the highest revenue, with US$58,900.00m in 2024.
Egypt is experiencing a growing demand for innovative medical devices, particularly in the field of telemedicine.

Key regions: United Kingdom, China, Netherlands, Europe, Italy

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Analyst Opinion

The Other Medical Devices market in Egypt is experiencing significant growth due to various factors such as increasing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Egypt, customers are increasingly seeking advanced and innovative medical devices to enhance the quality of healthcare services. They prefer medical devices that are efficient, accurate, and easy to use. Additionally, there is a growing demand for portable and handheld devices that can be used in remote areas or during emergencies. Customers also prioritize affordability and value for money when choosing medical devices.

Trends in the market: One of the key trends in the Other Medical Devices market in Egypt is the adoption of digital health technologies. This includes the use of mobile apps, wearable devices, and telemedicine solutions. These technologies enable remote monitoring, diagnosis, and treatment, which is especially beneficial in rural areas where access to healthcare facilities is limited. The increasing prevalence of chronic diseases and the need for continuous monitoring have also contributed to the growth of digital health technologies. Another trend in the market is the focus on infection control and patient safety. With the rise in healthcare-associated infections, there is a growing demand for medical devices that can prevent the spread of infections. This includes the use of antimicrobial coatings, disposable devices, and sterilization technologies. Healthcare facilities are also investing in training programs and protocols to ensure proper usage and maintenance of medical devices to minimize the risk of infections.

Local special circumstances: Egypt has a rapidly growing population, which has led to an increased demand for healthcare services and medical devices. The government has been investing in the healthcare sector to improve accessibility and quality of care. This includes the construction of new hospitals and healthcare centers, as well as the expansion of existing facilities. The government has also implemented health insurance schemes to provide affordable healthcare services to the population, further driving the demand for medical devices.

Underlying macroeconomic factors: The Egyptian economy has been growing steadily, which has resulted in increased disposable income and healthcare spending. This has enabled individuals to afford advanced medical devices and treatments. Additionally, the government has implemented favorable policies to attract foreign investment in the healthcare sector, leading to the entry of international medical device manufacturers and suppliers. This has further fueled the growth of the Other Medical Devices market in Egypt. In conclusion, the Other Medical Devices market in Egypt is experiencing significant growth due to increasing customer preferences for advanced and innovative medical devices, the adoption of digital health technologies, the focus on infection control and patient safety, local special circumstances such as population growth and government investments in the healthcare sector, and underlying macroeconomic factors such as economic growth and favorable policies. These factors are driving the demand for medical devices and creating opportunities for both domestic and international players in the market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. 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 particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

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.