Egypt Hospitals Market Might Grow With Growing Investments in Healthcare Sector
Egypt
Hospitals Market is anticipated to register growth due to increasing patient
burden in the country.
According to TechSci report on, “Egypt
Hospitals
Market - By
Region, Competition Forecast & Opportunities, 2027” Egypt
Hospitals market may flourish with an impressive CAGR during the forecast
period of 2023-2027, on the backbone of increasing instances of chronic
diseases like cardiovascular diseases, neurological diseases, renal failures
etc. Decreasing
mortality rate, increased fertility rate, along with the increased urbanization
is driving the growth of the Egypt hospitals market in the upcoming five years.
Advancing healthcare services, growing demand for the better patient care and
surge in the demand for the technologically advanced medical devices,
equipment, tools and techniques further substantiate the growth of the Egypt
hospitals market in the next five years. Moreover, Migration pattern of the
citizen of the country to other neighboring countries may put a mild restraint
but advancing healthcare facilities in the country along with the capital
investments for increasing the construction would aid the growth of the Egypt
hospitals market in the future five years. Government’s initiatives, favorable
schemes, and higher financial aids toward expanding the public hospitals with
latest technology, latest medical devices, etc. also facilitates the growth of
the market.
Growing
demands for the outpatient healthcare services may affect the future growth of
the Egypt hospitals market. The patients are rapidly demanding for the outpatient
services due to lack of hospitals and higher patient burden. Post operation
recoveries, surge in the demand for regular checkup medics and clinics along
with the easier access to the healthcare services from all sections of the
society promotes ambulatory care centers, and rehabilitation centers, etc. that
may pose as a threat to the growth of the Egypt hospitals market in the
forecast period. Recent event of COVID-19 has shaken the healthcare industry
worldwide. With the failure to control the pandemic for 2 consecutive years,
the demands for hospitals and other healthcare centers boomed and this would
substantiate the growth of the Egypt hospitals market in the forecast years
through 2027.
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The
Egypt hospitals market is segmented by ownership, type, type of services, bed
capacity, competitional landscape, and regional distribution. Based on
ownership, the market is differentiated between public and private. Public
hospitals are anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years on the grounds of increasing
government investment based construction of hospitals all over the country.
Increasing instances of the chronic diseases along with surge in the demand for
affordable healthcare services further facilitates the growth of the Egypt
hospitals market in the next five years.
By
type, the market is further segmented into general, specialty, and
multi-specialty hospitals. General
hospitals are anticipated to hold the largest revenue shares of the market on
the account of advancing healthcare sector in the country and thereby
supporting the Egypt hospital market in the upcoming five years. Moreover,
rapidly increasing number of cardiovascular diseases, oncological patients, and
neural degenerating issues is supporting the surging demand for specialty
hospitals and aiding it to register significant growth in the future five
years.
Based
on type of services, the market is again differentiated into in-patient
services and ot-patient services. By capacity, the market is bifurcated into up
to 100 beds, 100-500 beds, and above 500 beds. The market analysis also studies
the regional segmentation to devise regional market segmentation, divided among
Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and the rest of Egypt.
A
partial list of major market players of the Egypt hospitals market includes :
·
Dar Al Fouad Hospital
·
Cleopatra Hospital Group
·
Arab Contractors Medical Centre
·
Cure Hospital
·
Nile Hospital
·
New Kasr El Aini Teaching Hospital
·
Aseel Medical Care Hospital
·
Shifa Hospital
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“Healthcare sector in Egypt is evolving and efficiently serving its
citizen. With growing immigrant populations, the demands of hospitals and other
healthcare infrastructure is bound to grow further in upcoming five years. The
government is actively working to improve the healthcare facility for the
patient in the provincial hospitals with methods like skill trainings, and
doctor rotation programs. Infrastructure upgrades, reimbursement facilities and
liberation of rules regarding private investment in healthcare facilities is
further driving the growth of the healthcare sector and thus supporting the
growth of the Egypt hospitals market in the upcoming five years. New market
players who are anticipating entering the market must focus on the investment
in research and development for hospitals & clinics, diagnostic labs,
pharmaceutical and medical devices,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Egypt
Hospitals Market By Ownership (Public v/s Private), By Type (General,
Specialty, Multi- Specialty), By Type of Services (In-Patient Services v/s
Out-Patient Services), By Bed Capacity (Up to 100 beds, 100-500 beds, Above 500
beds), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Egypt hospitals
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Egypt hospitals market.
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