In Patient monitors, multi parameter monitor acquired the largest market revenue share in the Egypt & Africa Medical Tools market in year 2021 – 6Wresearch
Medical Tools market in Egypt & Africa grew substantially from 2018 to 2019. Medical tools market has registered growth in 2021 owing to rising public-private partnership in the healthcare sector, increasing private investment to facilitate the growing healthcare demand amid the pandemic, escalating the demand for sterilizers and patient monitoring devices. Additionally, the regional government aims to boost the healthcare sector with increasing funding to improve healthcare infrastructure of the country propelling the demand for medical tools. Increasing urbanization and the entrance of major private sector players is expected to extend access to healthcare infrastructure beyond established urban spheres, thus creating growth opportunities for medical tools suppliers in the country.
In year 2020, due to COVID-19 pandemic led measures, resulted in positive impact in the medical tools market. As part of the global response since the beginning of the COVID-19 crisis, the World Bank Group committed over $157 billion to fight the impacts of the pandemic, which includes more than $39 billion for African countries to help them strengthen health systems and services, establish, and expand social safety nets, and weather the economic impacts of the crisis.
According to 6Wresearch, Egypt & Africa Medical Tools Market revenue size is expected to grow at a CAGR of 7.1% during 2022-2028. The Egypt & Africa Medical Tools market is poised for growth in the coming years due the recent stabilization in the economy, along with government focus on increasing private sector inflows in infrastructure development is expected to boost the demand for medical tools over the coming years as the country strides to fill its huge healthcare infrastructure gap.
According to Rishabh Singh Bhandari, Research Analyst, 6Wresearch,
“The severe shortage of healthcare in Egypt and Africa wwas exposed due to COVID-19 as the affluent class was previously majorly travelling abroad for their treatments. Thus, private sector players have been showing interest in the Egypt and Africa healthcare sector, expected to boost the demand for medical tools over the coming years.”
“A stable economic outlook with rapidly increasing population are expected to strain the healthcare system of the country inducing increasing investments from both the public as well as private sector players, driving the demand for medical tools market over the forecast period. Additionally, Developing suburban regions continue to lack sufficient health access, with infrastructure development and growing urbanization the geographical base for medical tools market is expected to expand over the coming years.” He further added.
Some of the major companies in Egypt & Africa Medical Tools market include GE Healthcare, Philips, Mindray Medical International Limited, Nihon Kohden Corporation, Steris Corporation, Dräger, Siemens Healthineers, Atom Medical, Priorclave, Barco
“Egypt & Africa Medical Tools market report (2022-2028)” report provides an in-depth analysis and covered in 210 pages. The report estimates and forecast the overall Egypt & Africa medical tools market by type and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.