GDP GROWTH
The implementation of reforms along with the gradual restoration of confidence and stability are starting to yield positive results. In FY 2018, real GDP grew at 5.3%, compared to 4.2% in FY 2017. This pickup in GDP was mainly driven by public and private investments as well as private consumption.
INCREASING INSURANCE PENETRATION
At present, approximately 57% of the population is insured. The domestic healthcare market is expected to dramatically increase as a result of a new law issued in 2016 that significantly expands insurance coverage for all Egyptian citizens.
CONSTRUCTION OF THE NEW CAPITAL
The new capital will span 700 sq. km, making it nearly the same size as Singapore. The unnamed megacity is expected to be home to approximately 7 million people and will include roughly 2,000 schools, 600 healthcare facilities, 18 hospitals and 40,000 hotel rooms.
MEDICAL TOURISM
Egypt has earned a strong reputation within the region for having highly qualified doctors and superior infrastructure at reasonably affordable rates. It also provides easier visa access in comparison to other countries in the region. Medical tourists coming to Egypt are mainly from North, East and West Africa and the GCC
LACK OF SUPPLY OF HEALTHCARE SERVICES
Every year, Egypt needs a minimum of 2,500 to 3,500 beds (1.5 to 2 beds / 1,000 population) , resulting in a requirement of additional 102,000 to 178,000 new beds by 2050, a considerable increase, thus offering ample investment opportunities in the country’s healthcare sector
CLINICAL AND WELLNESS RELATED TREATMENTS
Growth in middle and upper class incomes has resulted in an increasing demand for beauty and cosmetic-related treatments such as body contouring, anti-aging treatments, lipoplasty (liposuction), eyelid surgeries, breast implants, rhinoplasty, facelifts, Botox, medical spas, and hair transplants, among many others
