Egypt Radiology Service Market Analysis

Egypt Radiology Service Market Executive Summary

The Egypt Radiology Service market is at around $11.2 Mn in 2023 and is projected to reach $32 Mn in 2030, exhibiting a CAGR of 16.2% during the forecast period.

Radiology, also known as diagnostic imaging, is a branch of medicine that uses imaging technology to diagnose, characterize, monitor, and treat diseases. Some of the most common imaging techniques include X-ray, MRI, ultrasound, CT scan and PET scan. Radiology is important as every sector within the healthcare field relies on radiology, including surgery, paediatrics, obstetrics, oncology, emergency medicine, to name a few. Radiology is a broader term composed of diagnostic radiology, interventional radiology, and therapeutic radiology which use radiant energy to diagnose and treat the diseases. Diagnostic radiology involves visualization of the various images of the body for evaluating symptoms, screening of illnesses, and diagnosis of diseases. Diagnostic radiology is usually non-invasive and performed without any incisions or surgical interventions. Interventional radiology is basically image-guided surgery and is used as a part of the medical treatment process. The various procedures under interventional radiology include angiography, angioplasty, embolization, gastrostomy, stent placement, catheter placement, and many more. It is often used to help treat cancer, lymphatic diseases, and vascular abnormalities. Therapeutic radiology is also referred to as radiation oncology or radiation therapy which involves treatment of cancer and other diseases using radiation.

In Egypt, the prevalence of CVD has multiplied over the last two decades with prominent causes including aging of the population, urbanization, dietary changes, sedentary lifestyles, stress, and smoking. The Egypt Radiology Service Market is thus driven by significant factors such as the increasing burden of chronic diseases, aging population, and growing awareness. However, high cost, limited access, and shortage of radiologists restrict the growth and potential of the market.

The major players of the Egypt Radiology Service Market are Andalusia Al Maadi Hospital, Dar Al Fouad Hospital, As-Salam International Hospital, Andalusia Al Shalalat Hospital, and Arab Contractors Medical Center (ACMC), among others.

Market Dynamics

Market Growth Drivers

Increasing Burden of Chronic Diseases: Chronic kidney disease (CKD) affects approximately 13% of the adult population. For kidney diseases, imaging techniques such as MRI and CT scan provide detailed views of the kidneys and surrounding structures and help in detecting abnormalities such as tumours, cysts, or kidney stones. These imaging modalities help doctors assess kidney function, guide biopsies for precise diagnosis, and monitor treatment effectiveness, radiology results in improved patient outcomes which leads to increased demand and market growth.

Aging Population: Egypt is going through a demographic transition as the number of persons aged 60+ is expected to more than double between 2020-2050 from 8.4 Mn (8% of the total population) to 22 Mn (14%). Compared to the younger population, geriatric population is more susceptible to chronic conditions for which radiology service offer a convenient and non-invasive way for disease management. Overall, the aging population increases the demand for radiology services, which contributes to the growth of the Radiology Service Market.

Growing Awareness: Recently, there has been a growing awareness of radiology services in Egypt, driven by advancements in medical technology and increased healthcare investments. Public health campaigns and educational and government initiatives have aided this which has led to a growth of the Radiology Services Market.

Market Restraints

High Cost: Radiology is an expensive field due to the high cost of equipment like MRI, CT, and PET scanners, each of which can run into millions of dollars. Beyond the initial purchase, substantial financial resources are needed for regular maintenance, software updates, and hiring specialized technical staff to operate and maintain these machines. These factors contribute to making radiology services among the priciest in the healthcare industry, posing a challenge to the expansion of the Radiology Service Market.

Limited Access: There is inadequate healthcare infrastructure in certain rural areas and low-income regions in Egypt which limits the access to radiology services. Also, in developing countries, the advanced technological integration with medical imaging systems can be a challenge. Thus, the financial constraints in the country are inevitable which can result in the negative effect on the Radiology Service Market.

Shortage of Radiologists: The recommended ratio for radiologists is 10-12 radiologists per 100,000 people. However, there is a shortage of radiologists in Egypt as the ratio is around 1 radiologist per 100,000 people. Thus, due to the insufficient trained the Radiology Service Market expansion is prevented.

Regulatory Landscape and Reimbursement Scenario

The Egyptian Drug Authority (EDA) is Egypt’s pharmaceutical regulatory body, overseen by the Ministry of Health. It plays a vital role in ensuring the efficacy, safety, and quality of medications that are made available in the nation. The comprehensive drug approval procedure that the EDA enforces helps guarantee that only safe and effective pharmaceuticals are supplied to the Egyptian market; innovative medications that have undergone adequate testing are beneficial to patients; and public health is protected by reducing the risks associated with potentially harmful or ineffective medications.

Before new pharmaceuticals are offered in Egypt, the EDA examines applications and authorizes their marketing. It also grants licenses to producers, distributors, and wholesalers of pharmaceuticals and medical equipment. The EDA ensures medications fulfil the criteria of quality necessary for the purposes for which they are intended. This entails conducting quality control procedures, keeping up a national drug control laboratory, and inspecting manufacturing sites. When evaluating novel drugs, the EDA examines and approves clinical trial applications to guarantee participant safety and ethical research procedures. After a drug is placed in the market, the EDA actively monitors its safety by gathering and evaluating information on side effects that patients and medical experts have reported.

Egypt’s health insurance landscape includes the Universal Health Insurance (UHI) program. The UHI Law was passed in 2017 and replaced the previously fragmented insurance system of Egypt. The law aimed to provide comprehensive health insurance coverage to all Egyptian citizens. The goal of the UHI program is to provide a uniform benefits package that includes services for preventive care (checkups, screenings), services for both inpatient and outpatient care, necessary prescription drugs, maternity care, and emergency medical attention.

Competitive Landscape

Key Players

Here are some of the major key players in the Egypt Radiology Service Market:

• Andalusia Al Maadi Hospital
• Dar Al Fouad Hospital
• As-Salam International Hospital
• Andalusia Al Shalalat Hospital
• Arab Contractors Medical Center (ACMC)
• Cleopatra Hospital
• Elite Hospital
• South Sinai Hospital at Sharm El Sheikh
• Saudi Germany Hospital
• Aseel Medical Care Hospital