By 2030, it is anticipated that the Egypt liver cancer therapeutics market will reach a value of $33.2 Mn from $8.2 Mn in 2022, growing at a CAGR of 19.1% during 2022-30. The liver cancer therapeutics market in Egypt is dominated by a few domestic pharmaceutical companies such as Pharco Pharmaceuticals, EIPICO, and Memac Pharma. The liver cancer therapeutics market in Egypt is segmented into different types of cancer and different therapy type. Some of the major factors affecting this market are the growing prevalence of liver cancer and the high cost and side effects related to certain liver cancer therapies.
By 2030, it is anticipated that the Egypt liver cancer therapeutics market will reach a value of $33.2 Mn from $8.2 Mn in 2022, growing at a CAGR of 19.1% during 2022-30.
Egypt is a lower middle-income, developing country in North Africa that borders the Red Sea and the Mediterranean Sea. Cancer patients in Egypt are treated at the General Authority for Health Insurance hospitals, the Ministry of Health and Population hospitals, or university hospitals at the government's expense, or in the private sector at their own expense or with personal insurance coverage. Non-governmental organizations also assist cancer patients in a variety of ways, including financial support for government hospitals, treatment services in their facilities, and direct emotional support to patients. Around 80% of all gastrointestinal malignancies in Egypt were of liver origin, with alcohol being a major contributing factor.
According to the most recent WHO data published in 2020, the number of people dying from liver cancer in Egypt reached 24,512, accounting for 4.57 % of all deaths. Egypt ranks second in the world with an age-adjusted death rate of 34.11 per 100,000 inhabitants. Egypt's government spent 4.4 % of its GDP on healthcare in 2020.
Market Growth Drivers
The country boasts more oncology-trained medical staff and a more modern infrastructure for cancer diagnosis, surgical treatment, systemic therapy, and radiotherapy treatments than other African countries. Egypt has seen major advances in liver cancer therapies in recent years. The advent of targeted medicines such as sorafenib and lenvatinib, which are effective in treating advanced HCC, has been one of the important growth reasons. Furthermore, progress has been made in the development of immunotherapies for liver cancer, with medications like nivolumab and pembrolizumab showing promise in clinical trials. Egypt benefits from a favourable geopolitical position as a result of the Suez Canal.
Market Restraints
Egypt's regulatory framework for medication research and licencing may be laxer than in other countries, leading to scepticism about the safety and efficacy of several liver cancer treatments. Despite the government's efforts in healthcare, the amount of funding available for individual research programmes remains restricted. This can make obtaining the necessary finances for research and development of new liver cancer treatments difficult.
Key Players
March 2022: Egypt's Ministry of Health and Population started an effort targeted at the early detection of liver cancer and treatment of cirrhosis patients. The examination includes cancer marker tests and ultrasound scanning, according to the ministry. Medicines for liver cancer are accessible in 22 ministry and university hospitals connected with the National Committee for Control of Viral Hepatitis (NCCVH).
The Egyptian Drug Authority (EDA) oversees the regulation of liver cancer therapies in Egypt. The EDA is responsible for examining the safety, efficacy, and quality of all medicines, including those used to treat liver cancer. In terms of reimbursement, Egypt has a public healthcare system that covers a variety of liver cancer therapies such as chemotherapy, targeted therapy, and immunotherapy.
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 Type (Revenue, USD Billion):
By Treatment (Revenue, USD Billion):
By Equipment (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By End User (Revenue, USD Billion):
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