Egypt's breast cancer therapeutics market is projected to grow from $51 Mn in 2022 to $149 Mn by 2030, registering a CAGR of 14.4% during the forecast period of 2022-30. Strong immunotherapeutic acceptance and favorable reimbursement policies in Egypt have led to the growth of Egypt's breast cancer therapeutics market. The market is segmented by therapy, by cancer type, and by distribution channel. MDI Pharma, Minapharm Pharmaceuticals, and Bristol-Myers Squibb are some leading companies in Egypt's breast cancer therapeutics market.
Egypt's breast cancer therapeutics market size is at around $51 Mn in 2022 and is projected to reach $149 Mn in 2030, exhibiting a CAGR of 14.4% during the forecast period. Following the budgetary allotments for public services, social protection, and education, the healthcare investment budget is currently the fourth largest in Egypt's overall public budget. The research states that from 2016 through 2021, healthcare services accounted for an average of 5.2% of total government spending, or 1.5% of GDP. An almost 30% increase from the $0.88 Bn that was allocated for 2021–2022, public spending in healthcare is planned at $1.14 Bn for 2022–2023.
Breast cancer accounts for 33% of female cancer cases in Egypt and more than 22,000 new cases are reported every year. Given the expanding population, shifting population pyramid, and adoption of the Westernized lifestyle, this is anticipated to increase rapidly over the coming years. An estimated 30,000 new cases of breast cancer are recorded annually in Egypt, where the prevalence of the disease is rising. Cultural and socioeconomic hurdles, a lack of knowledge, a lack of access to early detection and treatment options, and a high incidence of breast cancer are all thought to play a role in Egypt. Mammography screening programs and breast cancer awareness campaigns are only two examples of recent initiatives to promote early detection and access to care.
Market Growth Drivers
Strong immunotherapy acceptance and favorable reimbursement policies in Egypt are seen as promising signs for the expansion of Egypt's breast cancer therapeutics market. The expansion of the Egypt breast cancer therapeutics market is anticipated to be fuelled by increasing healthcare spending as well as greater awareness of breast cancer.
Market Restraints
Many Egyptians may find the cost of breast cancer treatment, which includes medications and surgery, to be unaffordable, and some of the more modern and advanced breast cancer therapies may not be widely accessible in Egypt, which would restrain the market's expansion for Egypt breast cancer therapeutics.
Key Players
Cancer patients in Egypt are treated in hospitals run by the General Authority for Health Insurance, the Ministry of Health and Population, or university hospitals at public expense, or in the private sector with the patients' own money or with their own insurance. Nongovernmental organizations assist cancer patients in a variety of ways, including financing public hospitals and offering medical services. In order to achieve universal health care, Egypt supported the Universal Health Insurance (UHI) law in 2018. The UHI law seeks to provide coverage for the entire populace by securing revenue through fresh, varied financing methods. Egypt has a tiered system in place for its reimbursement policy for breast cancer care, which is based on the patient's financial level. Patients from lower income brackets are entitled to free care, while those from higher income brackets could need to cover some of the expenses.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Therapy (Revenue, USD Billion):
By Cancer Type (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
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