Egypt Cardiovascular Devices Market is expected to be Dominated by Aging Population through 2028
Rising incidences of cardiovascular disorders are
expected to drive the growth of the Egypt
Cardiovascular Devices Market in the forecast period,
2024-2028.
According to TechSci
Research report, “Egypt Cardiovascular
Devices- By Region, Competition Forecast
and Opportunities, 2018-2028,” the Egypt Cardiovascular Devices Market is anticipated to expand
at a remarkable rate during the projected period, 2024–2028. The main causes
are the growing prevalence of cardiovascular
diseases, government initiatives, technological advancements, aging population,
and increase in healthcare spending.
Additionally,
the rising demand for preventive healthcare and the increasing awareness of the
benefits of early diagnosis and monitoring of cardiovascular diseases are also
driving the market. The market is expected to continue to grow in the coming
years, with the diagnostic and monitoring devices segment projected to dominate
the market due to the increasing need for early diagnosis and monitoring of
cardiovascular diseases.
The
COVID-19 pandemic has had an impact on the Egypt cardiovascular devices market,
as it has on the global healthcare industry. Due to the pandemic, many elective
surgeries, including cardiovascular procedures, were postponed or cancelled in
2020, leading to a temporary decline in the market. Additionally, supply chain
disruptions and manufacturing delays due to the pandemic also affected the
market. However, as the pandemic situation improves and healthcare services
return to normal, the market is expected to recover and continue its growth
trajectory. Moreover, the pandemic has increased awareness about the importance
of cardiovascular health and the need for early diagnosis and monitoring of
cardiovascular diseases, which may further drive the demand for cardiovascular
devices in the future.
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data Figures spread through 70 Pages and an in-depth TOC on "Egypt Cardiovascular Devices Market”
The Egypt
Cardiovascular Devices Market can be segmented by type, application,
end user, source, region and competitive landscape.
Based on type,
the market can be segmented into Diagnostic & Monitoring Devices and
Surgical Devices. The diagnostic and monitoring devices segment is expected to
dominate the Egypt cardiovascular devices market in the forecast period due to various
factors. There is a growing need for early diagnosis and monitoring of
cardiovascular diseases in Egypt due to the increasing prevalence of these
diseases in the country. Diagnostic and monitoring devices, such as
electrocardiography (ECG) machines, blood pressure monitors, and Holter
monitors, are essential tools in the diagnosis and management of cardiovascular
diseases. Advancements in technology have led to the development of more
sophisticated and accurate diagnostic and monitoring devices, which are
expected to further drive the growth of this segment. For instance, the
development of wearable devices that can monitor heart rate, blood pressure,
and other vital signs has made it easier to monitor cardiovascular health
outside the hospital & clinics.
In terms of application,
the market can be divided into Coronary Artery Disease, Cardiac Arrhythmia,
Heart Failure, and Others. The Coronary Artery Disease (CAD) segment is
expected to dominate the Egypt cardiovascular devices market in the forecast
period because CAD is the most common type of cardiovascular disease in Egypt,
accounting for a significant proportion of the total burden of cardiovascular
diseases in the country. As such, the demand for devices used in the diagnosis
and treatment of CAD, such as stents, catheters, and balloon dilatation
devices, is expected to be high. Furthermore, there is a growing trend towards
minimally invasive procedures for the treatment of CAD, which has driven the
demand for devices used in these procedures. These devices are preferred over
traditional surgical procedures as they are less invasive and have shorter
recovery times, resulting in improved patient outcomes.
Based on the region,
the market can be classified into following categories, Cairo, Qalyubia, Alexandria,
Port Said, Giza, and Suez. The Cairo region is the capital of Egypt and the
largest city in the country. It is also the center of Egypt's healthcare system
and has the most advanced medical facilities and infrastructure. As a result,
Cairo is expected to dominate the Egyptian cardiovascular devices market in the
forecast period.
Major companies
operating in Egypt Cardiovascular Devices Market include:
- Siemens Healthineers Egypt
- PHILIPS Egypt
- MEDTRONIC EGYPT LLC
- Abbott
- Boston Scientific
- Terumo Medical Corporation
- B.Braun
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“The cardiovascular devices
market in Egypt has been growing steadily in recent years, driven by factors
such as an aging population, an increasing prevalence of cardiovascular
disease, and an improving healthcare infrastructure. The market encompasses a range
of products, including diagnostic and monitoring devices, therapeutic devices,
and implantable devices. While the market is dominated by multinational
companies, there is also a growing presence of local manufacturers. However,
challenges such as regulatory barriers, inadequate reimbursement systems, and
limited healthcare resources in some areas of the country continue to constrain
the growth of the market. Nonetheless, with ongoing investments in the
healthcare sector and increasing awareness of the importance of cardiovascular
health, the cardiovascular devices market in Egypt is expected to continue to
grow in the coming years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Egypt
Cardiovascular Devices Market By Type (Diagnostic & Monitoring Devices v/s
Surgical Devices), By Application (Coronary Artery Disease, Cardiac Arrhythmia,
Heart Failure, Others), By End User (Hospitals & Clinics, Diagnostic
Centers, Others), By Source (Domestic v/s Import), By Region, Competition
Forecast & Opportunities, 2028,” has evaluated the future growth
potential of Egypt Cardiovascular Devices 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 Cardiovascular Devices Market.
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