A naukri.com initiative
Medium
1M
114
Image Credit: Medium
Emerging Markets: HealthTech in Egypt
- Egypt's public healthcare spending is only 5% of GDP, well below the WHO's recommended 15%, leading to resource constraints affecting service delivery and workforce development.
- The country faces a critical shortage of healthcare professionals, with a doctor-to-patient ratio below the global benchmark, contributing to disparities in healthcare access, particularly in rural areas.
- Around 72% of Egypt's healthcare infrastructure is concentrated in urban centers, leaving rural regions underserved, with limited access to essential services.
- Non-communicable diseases (NCDs) like diabetes, hypertension, and obesity are on the rise, straining the healthcare system and calling for a shift to preventive care models.
- Egypt heavily relies on imports for pharmaceutical ingredients, making it vulnerable to supply chain disruptions, and faces challenges in local production and regulatory oversight.
- Digital health adoption in Egypt remains limited, with under 20% of public hospitals using electronic health records, hindering streamlined processes and patient management.
- The Universal Health Insurance Law (UHIL) introduced in 2018 aims to achieve universal health coverage by 2030, reducing financial barriers and improving access to healthcare for underserved populations.
- Egypt has seen significant growth in the HealthTech startup ecosystem, driven by increased investments, supportive entrepreneurial environment, and rising demand for innovative healthcare solutions.
- Government-supported accelerators and incubators like Technology Innovation and Entrepreneurship Center (TIEC) and Falak Startups play a crucial role in fostering innovation within the HealthTech sector.
- Challenges for Egyptian HealthTech startups include regulatory hurdles, talent acquisition, continuous innovation, and securing funding, emphasizing the need for collaboration and support.
Read Full Article
6 Likes
For uninterrupted reading, download the app