Egypt Cardiovascular Devices Market is expected to be Dominated by Aging Population through 2029
Rising
incidence of cardiovascular disorders are expected to drive the growth of
the Egypt Cardiovascular Devices Market in the forecast period, 2025-2029.
According
to TechSci Research report, “Egypt Cardiovascular Devices- By
Region, Competition Forecast and Opportunities, 2019-2029,” the Egypt
Cardiovascular Devices Market was valued at USD 140.02 Million in 2023 and is
anticipated to project impressive growth in the forecast period with a CAGR of
7.12% through 2029. The main causes are the growing prevalence of
cardiovascular diseases, government initiatives, technological advancements,
aging population, and increase in healthcare spending.
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. The 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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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 Egypt
- Roche Egypt LLC
- Boston Scientific
- Shenzhen Mindray Bio-Medical
Electronics
- ACS Diagnostics
- GE Healthcare Egypt
- Koninklijke Philips N.V.
(Biotelemetry)
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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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