Egypt Healthcare

Egypt Healthcare Market Research Report: Forecast (2023-2028)

By Type of Hospitals (Government, Non-Government), By Specialization (General Hospitals, Specialized Hospitals), By Disease Type (Diabetes, Cancer, Cardiovascular, Neurological, Respiratory, Bone & Sk Read more

  • Healthcare
  • Dec 2022
  • 112
  • HC22105

Market Definition

Secondary care facilities are hospitals where doctors refer patients to specialists after performing a basic examination. A doctor who specializes in the field of medicine then examines the patient. Allergists, infectious disease specialists, ophthalmologists, endocrinologists, gastroenterologists, nephrologists, neurologists, urologists, psychiatrists, and others are examples of secondary care specialists. Furthermore, the Egyptian government provision Health Insurance coverage for low-cost patient treatment in Egyptian hospitals. Moreover, the rise in lifestyle-related diseases as a result of Egyptian citizens' poor lifestyles has encouraged Egyptians to seek checkups at secondary care hospitals, which has accelerated the growth of the Egypt Healthcare Industry in recent years.

Market Insights

The Egypt Healthcare market is projected to grow at a CAGR of around 10.79% during the forecast period, i.e., 2023-28. The enormous presence of public & private healthcare facilities, such as specialty hospitals, clinics, etc., widely supported the revenue growth of the Egypt Healthcare market during the historical years. The country has gained a strong reputation within the Middle East & Africa region, owing to the availability of skilled healthcare professionals & infrastructure at a competitive cost, along with easier visa access compared to other regional competitors. This has notably helped the country earn a strong reputation as a medical tourism hub of the region.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 10.79%
Region Covered Cairo, Dakahlia, Giza, Alexandria, Others
Key Companies Profiled Cleopatra Hospital Group, Saudi German Hospital, As-Salam International Hospital, Katameya Clinic Hospital (KCH), EL Nozha International Hospital (NIH), Wadi ElNeel Hospital, Arab Contractors Medical Center, Ganzouri Specialized Hospital, and Others
Unit Denominations USD Million/Billion

 

The inbound tourists registered for health treatments include mainly from North, East, and West Africa nations & GCC countries due to the high cost of medical treatment & unavailability of skilled workforce in their respective countries. Additionally, the surging insurance penetration among the residents, of around 57% of individuals as of 2018, has widely supported the demand for healthcare services in Egypt.

Furthermore, the growing population & increased health awareness have created numerous opportunities for foreign investors in the healthcare sector. Along with this, Egypt passed several regulatory reform laws in 2018, including the "new company" law & bankruptcy law, as well as a new customs law in 2020. These regulations have improved the country's investment environment, allowing more companies to enter the healthcare sector. Hence, these factors are expected to contribute to the revenue generation of hospitals in Egypt during the forecast period.

Key Trends in the Market

  • Rising Demand for Digitalized & Technologically Advanced Healthcare Services

With the rising prevalence of chronic diseases among the residents, the demand for specialized medical care clinics & hospitals has significantly increased to get advanced & cost-competitive treatment. Owing to the rising demand, the country witnessed a considerable surge in investments & innovations in healthcare facilities by leveraging artificial intelligence, machine learning, and the internet of things (IoT) to provide advanced medical treatment to residents. For instance, in 2022, CMR Surgical launched Versius, a robotic surgical system in Egypt.

The robot has been installed at Ain Shams University Specialized Hospital & the International Hospital for Urology and Nephrology (IHUN) to perform general surgery & neurological procedures on patients suffering from colorectal & urological cancers, as well as bowel & kidney diseases. Hence, the integration of advanced technologies in healthcare facilities would create an opportunity for the revenue growth of the Egypt Healthcare market in the upcoming years.

Market Segmentation

Based on the Type of Hospitals:

  • Government
  • Non-government

Here, Non-government or private hospitals held a significant revenue share in the Egypt Healthcare market compared to the government healthcare facilities. It is attributed to the well-developed infrastructure, availability of advanced medical equipment, and skilled medical staff to treat various genetic & chronic diseases in the private sector. Whereas government hospitals have low standards of care, there is a lack of medical equipment & qualified personnel in the public hospital in Egypt, due to which patients who can afford private healthcare facilities prefer to get treated in private hospitals only.

Additionally, the government secondary hospitals, covered under the Health Insurance scheme of the government, provide free or low-cost treatment to patients, thus contributing to the less revenue generated from government hospitals compared to non-government hospitals.

Based on the Disease Type:

  • Diabetes
  • Cancer
  • Cardiovascular
  • Neurological
  • Respiratory
  • Bone & Skeletal
  • Eyes Nose Throat (ENT)
  • Others

Among them, the Diabetic disease type contributes heavily to the revenue generated by the Egypt Healthcare industry. This is due to a steady growth in diabetic patients, as a result of sedentary lifestyles, which may have resulted in an increase in obesity rates among the population. According to the International Diabetes Federation (IDF), Egypt ranks ninth in the world, in terms of diabetes prevalence, with nearly 8.85 million adult diabetic patients in early 2020. As per the federation, approximately 45% of the diabetic population remains untreated due to a lack of awareness & the country's shortage of medical facilities. Hence, this has had a negative impact on the Egypt Healthcare market's revenue growth from diabetic patients in previous years.

Though, the Egypt government is increasingly focusing on providing quality diabetic care to patients through the launch of several initiatives. For instance:

  • In 2019 Egyptian Ministry of Health partnered with Novartis Pharma in Egypt as part of the “100 Million Seha” initiative to raise awareness among the residents for non-communicable diseases (NCDs) like diabetes.

Thus, these initiatives have notably contributed to the demand for diabetic care among the residents, owing to the rise in disease awareness, and are expected to lead the market growth during the forecast period as well.

Recent Developments by Leading Companies

  • 2022: The Siemens Helathineers and Alameda Group signed a memorandum of understanding to transform the healthcare sector in Egypt. The transformation would include the upgradation of the As-Salam International hospital laboratory. 
  • 2022: Cleopatra Hospital Group, through its subsidiary, Cleopatra Haven SAE, signed an 18-year concession agreement for Haven Hospital in Giza, Egypt. This marks the group’s expansion to west Cairo.

Market Dynamics:

Key Drivers: Launch of Universal Health Insurance Plan to Boost the Market Growth

Since the historical years, the Egypt government has been constantly focusing on providing quality healthcare & cost-competitive medical services to residents to improve access to healthcare. As a part of the initiative, in 2018, the government launched a Universal Health Insurance (UHI) plan, 2032, to increase the adoption of advanced healthcare facilities among individuals.

Due to the high medical cost of treatment, the economically poorer section often abstains from availing the medical services, which in some cases contributes to a higher disease burden in the country. Hence, with the implementation of the plan, around 55.6 million populations were covered under the insurance scheme, according to the Government of Egypt. This notably resulted in an increased demand for healthcare services among the citizens.

Hence, the initiative of the Government of Egypt to provide healthcare subsidies is anticipated to have a significant impact on the healthcare market and would drive the need for cost-competitive & efficient medical services in Egypt during 2023-2028.

Growth Restraints: Unavailability of Skilled Manpower to Widen the Gap Between the Demand for Healthcare Services

As immigration activities increase in Egypt, the healthcare sector is experiencing a shortage of physicians. This has led to a significant decline in the demand for domestic healthcare services. According to the Egyptian Medical Syndicate, between 2018-2019, more than 10,000 doctors resigned from public healthcare institutions in Egypt to earn a competitive salary in other countries such as the US, the UK, etc., resulting in a shortage of secondary care staff in the country. For instance:

  • In 2019, the Egypt Ministry of Health reported a dearth of specialized medical staff reporting just 103,000 doctors for over 100 million of the population. This data suggests an average of 10 doctors per 10,000 citizens, while the global average is 32 doctors per 10,000 citizens.

The factors contributing to the high immigration rates & shortage of skilled manpower are low salaries, undesirable working conditions, lack of equipment supplies, and exposure. Hence, the difficulty in retaining skilled medical staff is a prominent factor that has hindered the Egypt Healthcare market.

However, presently, domestic healthcare companies such as Saudi German Hospital, As Aslam International hospital, among others, are considering hiring skilled medical staff from India, the US, etc. Additionally, domestic healthcare firms are focusing on providing the medical staff with competitive salaries & training activities. Hence, this would mitigate the present healthcare hindrance in Egypt in the upcoming years.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Volume, Forecast Numbers, Segmentation, Shares) of the Egypt Healthcare Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Egypt Healthcare Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Egypt Healthcare Market based on the competitive landscape?
  5. What are the key results derived from surveys conducted during the Egypt Healthcare Market study?

Frequently Asked Questions

A. The Egypt Healthcare Market is projected to grow at a CAGR of around 10.79% during 2023-28.

A. Non-government is the leading type of hospital in the Egypt Healthcare Market during 2023-28.

A. The rise in healthcare spending & medical tourism is expected to drive the Egypt Healthcare Market during 2023-28.

A. Cleopatra Hospital Group, Saudi German Hospital, As-Salam International Hospital, Katameya Clinic Hospital (KCH), EL Nozha International Hospital (NIH), Wadi ElNeel Hospital, Arab Contractors Medical Center, Ganzouri Specialized Hospital, Others, are the top players in the Egypt Healthcare Market during 2023-28.

A. The proliferating demand for geriatric medical services is the key trend shaping the growth of the Egypt Healthcare Market during 2023-28.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumption
  3. Executive Summary
  4. Egypt Healthcare Industry Overview, 2018-2025
    1. YoY Healthcare Expenditure Per Capita
    2. Annual Patient Footfall, 2018-2025
      1. In patient Vs. Outpatients
    3. Disease Wise Patient Statistics 
      1. Leading Cause of Death
        1. Communicable Vs Non Communicable Diseases
    4. Healthcare Infrastructure
      1. Hospitals
        1. Government Vs Non-Government
          1. Demand Vs Supply
        2. General Vs Specialized
          1. Demand Vs Supply
      2. Hospital Bed
        1. Government Vs Non-Government
          1. Demand Vs Supply
        2. General Vs Specialized
          1. Demand Vs Supply
      3. Manpower
        1. Physician Vs Nursing
          1. Demand Vs Supply
  5. Egypt Public and Private Investments in Secondary Care, 2018-2025
    1. Number of Deals or Investments
      1. Greenfield Vs Brownfield               
    2. Key Investors Involved
      1. Total Investments Made till Date
      2. Type of Investments 
      3. Secondary and Tertiary Care Recipient of Investments
      4. Future Plan for the Investments
  6. Egypt Healthcare Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Services
        1. Primary Care
        2. Secondary Care
        3. Tertiary & Quaternary Care
  7. Egypt Secondary Care Market Dynamics
    1. Growth Factors
    2. Challenges
  8. Egypt Secondary Care Market Trends & Developments
  9. Egypt Secondary Care Market Regulations & Norms
    1. Investment Regulations
      1. Greenfield & Brownfield
      2. Local Investments Vs FDI
    2. Other Sector Specific Regulations
  10. Egypt Secondary Care Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Hospitals
        1. Government
        2. Non-Government
      2. By Specialization
        1. General Hospitals
        2. Specialized Hospitals
      3. By Disease Type
        1. Diabetes
        2. Cancer
        3. Cardiovascular
        4. Neurological
        5. Respiratory
        6. Bone & Skeletal
        7. Eyes Nose Throat (ENT)
        8. Others
      4. By Region
        1. Cairo
        2. Dakahlia
        3. Giza
        4. Alexandria
        5. Others
  11. Egypt Secondary Care Market Investable Opportunities
    1. List of the Key Investable Opportunities
    2. Ownership Details
    3. Key Personnel/Decision makers 
    4. Decision makers Willingness/Expectations for Investments
    5. Potential Mode of Investment
  12. Company Profiles (Specialization & Portfolio, Distribution Network, Channel Partners or Investors, Earnings, SWOT Analysis of Each Company)
    1. Cleopatra Hospital Group
    2. Saudi German Hospital
    3. As-Salam International Hospital
    4. Katameya Clinic Hospital (KCH)
    5. EL Nozha International Hospital (NIH)
    6. Wadi ElNeel Hospital
    7. Arab Contractors Medical Center
    8. Ganzouri Specialized Hospital
    9. Others
  13. Disclaimer
Egypt Healthcare Market Segmentation Slide