Egypt's home healthcare market was valued at $1.015 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 9.43% from 2022 to 2030 and will reach $2.08 Bn in 2030. The home healthcare market in Egypt has seen significant growth in recent years due to a variety of factors, including an ageing population, increasing rates of chronic diseases, and a growing awareness of the benefits of receiving medical care at home. The market is segmented by device type, service type, and indication type. The key players in Egypt’s home healthcare market are GE Healthcare, Abbott., Philips, Siemens Healthineers, and others.
Egypt's home healthcare market was valued at $1.015 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 9.43% from 2022 to 2030 and will reach $2.08 Bn in 2030. According to data from the World Bank, healthcare spending in Egypt as a percentage of the country's GDP was 3.9% in 2020. The Egyptian government subsidized most of the healthcare services in the country to make all the services more affordable.
The market for home healthcare services is comprised of businesses (organizations, sole proprietors, and partnerships). These programs assist patients to improve their health by serving as initial treatment and preventing hospitalization. The term "home healthcare" refers to multiple processes needed to keep home healthcare equipment functional. Any qualified carer who provides required care to the patient while they are living in their own homes is doing so. It is also a cost-effective method of giving patients high-quality care in their own homes.
In Egypt, the home healthcare market is anticipated to grow at a significant level during the forecast period. Home healthcare provides medical and nursing care to patients at patients' homes. The aging population and the desire to improve access to care are the factors driving Egypt home healthcare market
There are a number of home healthcare providers in Egypt, including both private and public sector organizations. The Egyptian government is supportive of the home healthcare industry, with initiatives such as the formation of the Ministry of Health and Population's Home healthcare Unit, which aims to provide high-quality healthcare services to patients through virtual consultations at home.
Market Growth Drivers
Covid 19 has increased the demand for virtual healthcare services to reduce the risk of getting infections. The Egyptian government has also been actively supporting the home healthcare industry with efforts like the creation of the Ministry of Health and Population's Home Healthcare Unit, which aims to provide patients with high-quality medical care through online consultations.
Moreover, the number of geriatric people is increasing in Egypt who requires medical care is increasing. Also, as the frequency of chronic conditions like diabetes and hypertension has increased, there is an thus, the demand for home healthcare services will increase in the coming years. Overall, several factors are anticipated to contribute, including an aging population, an increase in the prevalence of chronic diseases, and a wider appreciation of the benefits of virtual healthcare.
Market Restraints
A number of significant issues could impede the expansion of Egypt's home healthcare business. One significant contributing cause is the absence of the technology and infrastructure required to offer home healthcare services.
Competitive Landscape
Key Players
Policy changes and Reimbursement scenario
In Egypt, the Ministry of Health and Population is the primary regulatory body for the healthcare sector, including home healthcare. In addition to the Ministry of Health and Population, there are a number of other organizations that play a role in regulating the home healthcare sector in Egypt, including the Egyptian Health Insurance Authority (EHIA) and the Egyptian Pharmacists Syndicate (EPS). These organizations are responsible for regulating the financing and delivery of healthcare services, including home healthcare, the Egyptian government has also been supportive of the home healthcare sector.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market 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 Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Device Type (Revenue, USD Billion):
Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.
By Service Type (Revenue, USD Billion):
By Indication Type (Revenue, USD Billion):
Methodology for Database Creation
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Combining Secondary and Primary Research
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