Drivers for Healthcare Market

Growing Population

The country has an estimated population of 94 million in 2017, which is expected to reach 151 million by 2050.

Demographics

Egypt had around 24 million people over the age of 40 in 2015, this is expected to increase to almost 55 million by 2050.

Beauty & Cosmetology

The growth in the middle and upper class income have resulted in a growing demand for beauty and cosmetic related treatments.

Increasing Insurance Penetration

At present approximately 57% of people are insured, mainly with two publicly administrative insurance companies. In 2017 approved coverage for all Egyptian citizens, was submitted to the government for consideration. This is expected to boost the domestic healthcare market.

Medical Tourism

Egypt has earned a strong reputation within the region of having quality doctors and infrastructure at a cost effective fees, according to the exchange market in Egypt with the increasing value of US Dollars, and with easier visa access when compared to some of the regional competitors

Increase in Private Sector Share

The government is expected to encourage the private sector to take a leading role in providing healthcare services.