Egypt Medical Devices Market – Industry Trends and Forecast to 2031

Análise e tamanho do mercado de dispositivos médicos do Egito

O mercado dos dispositivos médicos está a registar um crescimento constante, impulsionado por factores como o aumento das despesas com os cuidados de saúde, uma população geriátrica crescente e iniciativas governamentais para melhorar as infra-estruturas de cuidados de saúde. O mercado é caracterizado por uma procura crescente de dispositivos e tecnologias médicas avançadas, impulsionada pela necessidade de melhorar os resultados dos cuidados de saúde e melhorar os cuidados prestados aos doentes. e os legisladores concentram-se em melhorar os resultados dos cuidados de saúde e melhorar os cuidados prestados aos doentes através da adoção de dispositivos e tecnologias médicas avançadas.

A Data Bridge Market Research analisa que o mercado de dispositivos médicos do Egito, que foi de 4.243,60 milhões de dólares em 2023, deverá atingir os 5.375,67 milhões de dólares até 2031, e deverá sofrer um CAGR de 3,10% durante o período de previsão. Os “dispositivos cardiovasculares” dominam o segmento de tipo de produto do mercado devido à crescente procura de melhores métodos e opções de tratamento para os doentes. Além dos insights sobre cenários de mercado, tais como valor de mercado, taxa de crescimento, segmentação, cobertura geográfica e grandes players, os relatórios de mercado com curadoria da Data Bridge Market Research incluem também análise especializada aprofundada, epidemiologia de pacientes, análise de pipeline, análise de preços, e quadro regulamentar.

Âmbito do relatório e segmentação de mercado

Definição de mercado

Os dispositivos médicos são instrumentos, aparelhos, máquinas ou outros artigos semelhantes utilizados para diagnosticar, prevenir, monitorizar, tratar ou aliviar uma condição médica ou doença. Os dispositivos médicos podem variar desde dispositivos simples e portáteis até sistemas complexos controlados por computador. São regulamentados e sujeitos a normas e regulamentos específicos para garantir a sua segurança, eficácia e qualidade.

Egypt Medical Devices Market Dynamics

Drivers

• Increasing Healthcare Infrastructure

Egypt has been investing significantly in its healthcare infrastructure, including the construction of new hospitals and healthcare facilities. This expansion of healthcare infrastructure creates a demand for medical devices to equip these facilities and support healthcare services. The growing number of hospitals and clinics in Egypt increases the need for medical devices such as diagnostic imaging equipment, surgical instruments, monitoring devices, and other healthcare technologies. The development of healthcare infrastructure is a major driver of the medical devices market.

• Rising Healthcare Expenditure

Egypt has been increasing its healthcare expenditure to improve the quality and accessibility of healthcare services. The government has been allocating more funds towards healthcare, which includes the procurement of medical devices. The increased healthcare expenditure enables healthcare providers to invest in advanced medical devices and technologies to enhance patient care and treatment outcomes. The increased healthcare expenditure in Egypt acts as a driver for the medical devices market.

Opportunities

• Growing Demand for Advanced Medical Technologies

Healthcare sector is witnessing a growing demand for advanced medical technologies and devices. There is a need for innovative and technologically advanced medical devices that can improve patient outcomes and enhance the efficiency of healthcare delivery. This presents an opportunity for medical device manufacturers and suppliers to introduce cutting-edge technologies and solutions in the Egyptian market. The demand for devices such as robotic surgery systems, telemedicine solutions, remote patient monitoring devices, and smart healthcare technologies is expected to increase in the country, providing an opportunity for companies to tap into this emerging market.

• Increasing Focus on Medical Tourism

Egypt has been attracting a significant number of medical tourists who seek high-quality healthcare services at affordable costs. The country boasts a range of specialized medical facilities and skilled healthcare professionals, making it an attractive destination for medical tourism. This presents an opportunity for the medical devices market as the influx of medical tourists creates a demand for advanced medical devices and technologies. Medical tourism in Egypt covers a wide range of treatments, including cosmetic surgery, dental procedures, fertility treatments, and cardiovascular interventions, among others. Medical device manufacturers and suppliers can leverage this opportunity by offering specialized devices and technologies that cater to the needs of medical tourists visiting.

Restraints/Challenges

• Regulatory Challenges

The medical devices market in Egypt faces regulatory challenges that can hinder market growth. The process of obtaining regulatory approvals and certifications for medical devices can be time-consuming and complex. The regulatory framework in Egypt for medical devices is still evolving, and there may be inconsistencies in the interpretation and implementation of regulations. These challenges can result in delays in product launches and market entry for medical device manufacturers. In addition, ensuring compliance with regulatory requirements can be costly, especially for small and medium-sized enterprises (SMEs) operating in the market. The regulatory challenges pose a restraint to the growth of the medical devices market.

• Limited Healthcare Budget

Despite increased healthcare expenditure, Egypt's healthcare budget is still relatively limited compared to the demand and needs of the population. The country faces challenges in allocating sufficient funds for healthcare services, including medical devices. This limited healthcare budget can impact the purchasing power of healthcare providers and limit their ability to invest in advanced medical devices. It can also create price sensitivity among healthcare facilities, leading to a preference for lower-cost alternatives or delaying the adoption of new technologies. The challenge of a limited healthcare budget poses obstacles to the growth and adoption of medical devices.

This medical devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical devices market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In August 2020, Fitbit, Inc. announced the release of Fitbit Sense, the world's first electro-thermal activity sensor on a smartwatch that will assist manage stress in addition to cutting-edge heart rate tracking technology. Fitbit Sense is the most sophisticated health smart watch. In the upcoming years, this will assist the business in generating more revenue
• In September 2020, the debut of the Quell App for the Apple Watch for pain management was announced by NeuroMetrix, Inc. High level integration and new pain alleviation functionality will be made possible. This will make it easier for the user to operate the device and track wrist pain relief. This will increase market demand and aid in the expansion of the business.

Egypt Medical Devices Market Scope

The medical devices market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Orthopedic Devices
• Cardiovascular Devices
• Diagnostic Imaging
• IVD
• MIS
• Wound Management
• Diabetes Care
• Ophthalmic
• Dental
• Nephrology
• General Surgery
• Others

End User

• Hospitals
• Clinics
• Others

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The medical devices market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the medical devices market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the medical devices market.

Competitive Landscape and Egypt Medical Devices Market Share Analysis

The medical devices market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Egypt presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the medical devices market.

Some of the major players operating in the medical devices market are:

• Medtronic (Ireland)
• Stryker (U.S.)
• Johnson and Johnson Services, Inc. (U.S.)
• Fresenius SE & Co. KGaA (Germany)
• Koninklijke Philips N.V. (Netherlands)
• F. Hoffman-La Roche Ltd. (Switzerland)
• General Electric Company (U.S.)
• Siemens Healthineers AG (Germany)
• BD (U.S.)
• Boston Scientific Corporation (U.S.)

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