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Economic 360 for Egypt: Growth Prospects and Emerging Opportunities in the Healthcare Industry
Frost & Sullivan, March 2011, Pages: 85
Egypt is a democratic country witnessing political uncertainties. Economic growth was adversely affected during recession due to its high dependence on trade with the United States and European Union. Stimulus measures and new reforms have helped the economy rebound. The healthcare industry in Egypt is dominated by the public sector with a small and emerging private sector. The healthcare industry faces the challenge of low healthcare spending and low insurance coverage, however the Government is ramping up healthcare facilities and infrastructure. Consequently, consumer healthcare drugs, medical devices and pharmaceuticals are poised for growth.
Research Overview
The healthcare industry has been at the forefront of economic development and has been accorded high priority in both developed and developing countries. It is one of the world's largest and fastest-growing industries and accounts for over 10 per cent of the gross domestic product of most developed nations. The global healthcare industry is expected to grow rapidly in response to the escalation in the population of the elderly. General economic policies greatly affect the healthcare industry and industry-specific policies provide added impetus. Social and infrastructural developments as well as the economy of the country play a huge role in strengthening the industry with its effective trade ties and inflows of foreign direct investment (FDI).
Ambitious reform of the national healthcare system has introduced new pricing regulations and made drugs more affordable. Egypt’s high dependence on the United States and the European Union for trade had caused its economy to take a hit during the global economic downturn; however, sound economic policies allowed it to rebound and it is now poised for steady growth. This trend is mirrored by the healthcare industry, which is expecting considerable growth in the pharmaceuticals and medical devices markets in the next five years, while healthcare services such as health insurance services are likely to have a quiet phase. Healthcare expenditure, although currently low, could rise as private sector participation is slated to increase. Similarly, the strategy to attract FDI in pharma and medical devices through tax incentives will open up several windows of opportunities in this industry. Advancements in healthcare infrastructure and disease treatment technologies will pave way for a well-developed healthcare industry. Regional and infrastructural opportunities, coupled with favourable political and economic policies are also likely to boost the healthcare industry in Egypt.
Frost & Sullivan’s Healthcare Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its healthcare industry. Apart from enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
Benefits
The following benefits are offered by this research:
Identify New Market Opportunities
The trends of the economic environment of Egypt have been analysed along with their impact on the healthcare industry. This analysis will provide valuable information to industry participants on opportunities in specific segments of the industry in Egypt.
Comprehend Future Industry Trends
The research service gives an insight into Egypt’s healthcare industry, discusses its dependence on the prevailing economic scenario and describes the various infrastructure developments in the industry. This will help participants to gauge the future direction of the market, enabling them to devise appropriate strategies to improve market share.
Understand the Economic Environment
A detailed analysis of the economic framework of Egypt’s healthcare industry offers insights into the economic parameters as it exists and the future direction of the same. This is particularly beneficial in the case of the healthcare industry as these economic indicators form an important criterion for industry performance.
Devise Country Entry Strategies
The research service provides valuable information and analysis of the strengths and weaknesses of the economy of Egypt, which are relevant to the healthcare industry. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This research service offers detailed coverage of the economic and infrastructure indicators affecting the industry and their future direction. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans and enhance credibility to planning company resources.
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