Egypt’s home healthcare services market size was valued at USD xx billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of xx% from 2019 to 2028.
Home-based healthcare is a gradually growing market in Egypt. It is support and care provided by trained professionals such as nurses and other caretakers who assist medically from the patient’s home.
The pandemic situation and other factors such as the growing burden of chronic illness and the rise in the elderly population are making this a favorable time for the home-based healthcare market to grow. In the middle east and African region, this market was sized at USD 21.62 billion dollars in 2020.
Demand for high-quality home care services is increasing in Egypt, because of the significantly rising elderly population and higher prevalence of lifestyle-related such as diabetes and chronic diseases, especially respiratory and cardiovascular diseases. In Cairo, homecare can be a very attractive solution due to the lack of hospital beds, especially for chronic patients. These factors create a positive outlook for the home healthcare market in Egypt in the forecast period.
Home health care is cost-effective in the long run and also convenient. The pandemic has also led to a surge in demand for home-based healthcare as non-covid patients suffered negligence. Technology and related advancements have made it possible for an extensive amount to be taken care of at home and this will surely lead to a surge in the market for the same in the upcoming decade. Moreover, more people are now well versed with mobile and internet technology, making it possible for home-based healthcare to become an integral part of people’s lives.