Egypt's Digital Health market is projected to grow from $0.59Bn in 2022 to $2.56Bn by 2030, registering a CAGR of 20.1% during the forecast period of 2022-30. The market will be driven by the rise in consumer awareness of digital health technologies and the government's persuasion toward nationwide digitization. The market is segmented by solution, by deployment & by end-use. Some of the major players include GE Healthcare, Siemens Healthineers & Vezeeta.
Egypt's Digital Health market is projected to grow from $0.59Bn in 2022 to $2.56Bn by 2030, registering a CAGR of 20.1% during the forecast period of 2022 - 2030. The health expenditure for Egypt saw a rise from $125.6 per person in 2018 to $150 per person in 2019 as per the World Health Organization Global Health Expenditure database. The government and private sector are the main sources of funding for healthcare in the country.
In Egypt, the government has been encouraging the use of digital health technologies to improve healthcare delivery. Telemedicine, electronic medical records, and mobile health applications are examples of such endeavors. The country is witnessing a rise in the number of start-ups and businesses focusing on providing digital health solutions. Furthermore, the Ministry of Health has developed a number of projects to incorporate technology into healthcare delivery, such as telemedicine services for rural and deprived areas. Chefaa, Vezeeta, and D-Kimia, all located in Egypt, are among the major health tech start-ups transforming the market on so many levels.
Market Growth Drivers
Egypt's internet users reached 75.66 million in 2022, accounting for 71.9% of the overall population. Wearable healthcare technologies that measure blood pressure, cholesterol, blood sugar, and others are becoming more popular as internet connectivity becomes more widespread and awareness grows. Government support, increased demand for good health care, rise in consumer awareness of digital health technologies, the fast pace of technological improvements, and the rise of the entrepreneurial culture are all driving factors in Egypt's digital health industry.
According to a PwC analysis titled “The Potential Impact of AI in the Middle East”, Egypt aimed to have artificial intelligence account for 7.7% of its GDP by 2030. The Egyptian government is pursuing digitalization across the country. These are some of the major factors contributing to the growth of the digital health market in Egypt.
Market Restraints
Egypt's digital health market faces a variety of challenges, including a lack of standardization and interoperability, limited digital infrastructure in some areas, data security concerns, healthcare physician and patient resistance to change, limited investment and financial support options, and a lack of regulations. These constraints may constrain the growth of Egypt's digital health sector and impede the application of digital health solutions.
Key Players
Several government entities in Egypt control the healthcare industry, including the Egyptian Ministry of Health and Population, the National Authority for Quality Assurance and Accreditation of Healthcare Institutions, and the Central Bank of Egypt. Their major goals are to enhance the quality of healthcare services, safeguard patients' rights, and maintain the financial stability of the healthcare business.
The government and private health insurance companies largely offer healthcare reimbursement in Egypt. Through the public health system, which comprises a network of public hospitals and clinics, the government offers a basic level of healthcare coverage. The Egyptian Government authorized the National Health Insurance System, often known as Universal Health Insurance, in 2019. In Egypt, neither the government nor private health insurance providers extensively reimburse digital health services, and many digital health services are still paid for out-of-pocket by patients.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 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
The Digital Health Market is segmented as mentioned below:
By Solution (Revenue, USD Billion):
By Deployment (Revenue, USD Billion):
By End-use (Revenue, USD Billion):
Methodology for Database Creation
Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.
Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.
How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:
With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:
2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
Combining Secondary and Primary Research
By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:
Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.