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The Medical Device Market: Egypt
Espicom Business Intelligence Ltd, Sep 2009, Pages: 92
Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Executive Summary
Egypt’s market for medical devices is large by regional standards, although this is principally due the population size, and per capita spending is lower than neighbouring countries such as Morocco. That said, a low per capita expenditure on medical devices indicates the enormous potential of this market in the longer term. Multinational companies have a growing presence either in the form of joint ventures with local partners or through sales offices.
The Egyptian healthcare industry is amidst a period of considerable change, centring around a growing trend towards privatisation. Prior to the 1990s, the sector was predominantly state-controlled, with the private sector playing only a minimal role in healthcare provision. While the government still retains a great degree of control, the private sector is now playing an increasingly important role, emerging largely as a result of the declining standard of public sector care. There are around 200 private hospitals in Egypt, operating nearly 15% of all beds.
Private healthcare development, however, has slowed in recent years, mainly due to economic uncertainty. At the same time, the depreciation of the currency has increased prices for imports. Combined with a slow-down of private health expenditure, private hospital demand, the main source of demand for high-end specification equipment in particular, is likely to stagnate in the short-term future.
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