Egypt Diagnostic Imaging Market to Grow with a CAGR of 6.12% through 2029
Rising healthcare infrastructure and
development is expected to drive the Egypt Diagnostic Imaging Market growth in
the forecast period 2025-2029
According to TechSci Research report, “Egypt Diagnostic
Imaging Market– By Region, Competition, Forecast &
Opportunities, 2019-2029F”, the Egypt Diagnostic Imaging Market stood at USD
185.04 Million in 2023 and is anticipated to project impressive growth in the
forecast period with a CAGR of 6.12%
through
2029.
Egypt's healthcare sector is witnessing a gradual
increase in expenditure, buoyed by sustained economic growth and targeted
governmental efforts to enhance healthcare infrastructure and services. This
upward trend in healthcare spending creates a conducive environment for
substantial investments in advanced medical technologies, particularly within
the Diagnostic Imaging Market. With the
rising prevalence of cardiovascular diseases (CVDs) in Egypt, there is a
growing demand for innovative diagnostic, therapeutic, and monitoring devices.
These devices play a pivotal role in the early detection, precise diagnosis,
and effective treatment of cardiovascular conditions, thereby improving patient
outcomes and reducing healthcare costs associated with prolonged illnesses.
The government's initiatives to bolster healthcare
infrastructure across urban and rural areas are pivotal. Investments are
directed towards modernizing hospitals, expanding healthcare facilities, and
upgrading medical equipment. This includes the procurement of state-of-the-art
cardiovascular devices such as cardiac imaging systems, electrocardiography
(ECG) machines, and advanced surgical tools. The private healthcare providers
in Egypt are increasingly investing in cutting-edge cardiovascular technologies
to meet the rising demand for specialized healthcare services. Collaborations
between international medical device manufacturers and local healthcare
providers further facilitate the introduction of innovative technologies into
the Egyptian market, ensuring that patients have access to the latest
advancements in cardiovascular care.
The expanding healthcare expenditure and
infrastructure improvements in Egypt are driving significant growth
opportunities in the Diagnostic Imaging Market. This growth is underpinned by
the country's commitment to enhancing healthcare delivery, promoting medical
innovation, and improving overall public health outcomes related to
cardiovascular diseases.
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The Egypt Diagnostic Imaging Market is segmented into type,
mobility, application, source, end user, regional distribution and company.
Based on source, in the Egypt Diagnostic Imaging
Market, import segment dominated over domestic ones. This dominance can be
attributed to several factors. The imported devices often represent
cutting-edge technology and innovation from established global manufacturers.
These devices typically adhere to international quality standards and
regulatory requirements, providing assurance of safety and efficacy, which is
crucial for healthcare providers and patients alike. While Egypt has a
burgeoning local manufacturing sector, it still faces challenges in producing
high-tech medical devices that can compete with imported counterparts in terms
of quality, variety, and cost-effectiveness. Local manufacturers often focus on
basic medical supplies rather than specialized cardiovascular devices due to
constraints in technology, expertise, and infrastructure. The preference for imported devices is influenced by
perceptions of reliability and brand reputation among healthcare professionals
and patients. Established international brands are often associated with
reliability, extensive clinical research, and comprehensive after-sales
support, factors that contribute to their preferential adoption in clinical
settings.
Based on region, Alexandria emerges as the second
dominant region in the Egypt Diagnostic Imaging Market due to several key
factors. Firstly, it is Egypt's second-largest city and a major economic hub
with a well-established healthcare infrastructure. The city hosts several
prominent hospitals, cardiac centers, and medical universities, attracting
patients from Alexandria itself as well as nearby governorates. Alexandria
benefits from strategic geographical location and accessibility, facilitating
the distribution and access to advanced cardiovascular technologies. The city's
healthcare providers are proactive in adopting new medical innovations and
technologies, supported by collaborations with international medical device
manufacturers and academic institutions. Alexandria's healthcare sector has seen significant
investments in recent years, aimed at upgrading medical facilities, expanding
specialty services, and improving healthcare delivery. These factors
collectively contribute to Alexandria's prominence in the Diagnostic Imaging
Market, enhancing its capability to meet the growing demand for cardiovascular
care and technologies in the region.
Major companies operating in the Egypt Diagnostic
Imaging Market are:
- Nile Medical Group
- Metamed (TechnoScan Egypt)
- FUJIFILM Healthcare Middle East S.A.E
- Siemens Healthineers Egypt
- Allengers Medical Systems (Egypt)
- Philips Healthcare Egypt
- Epigenomics Egypt
- BioMérieux Egypt
- Roche Diagnostics LLC
- Abbott Egypt
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“The adoption of minimally invasive techniques in
Egypt's healthcare landscape reflects a broader global trend towards improving
patient outcomes and quality of life while reducing healthcare costs associated
with prolonged hospital stays and recovery periods. This evolution underscores
the importance of technological innovation and skill enhancement among
healthcare professionals in delivering advanced cardiovascular care that meets
the evolving needs of patients across the country” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Egypt Diagnostic Imaging
Market, By Type (X-Ray Imaging Solutions, Ultrasound Systems,
MRI Systems, CT Scanners, Nuclear Imaging Solutions, Mammography, and others), By
Mobility (Portable and Standalone), By Source (Domestic and Import), By
Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology,
Gynecology, and others), By End Users (Hospitals & Clinics, Diagnostic
Centers, Ambulatory Care Centers, and others), By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Egypt Diagnostic Imaging Market and provides
statistics & information on market size, structure and future. 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 Diagnostic Imaging Market.
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