Medical Devices
Egypt Neurology Devices Market Analysis
The Egypt Neurology Device Market is expected to witness growth from $35 Mn in 2022 to $72 Mn in 2030 with a CAGR of 9.30% for the forecasted year 2022-2030. There is a rising need for neurology devices in Egypt due to the frequency of neurological disorders such as stroke, epilepsy, Parkinson's disease, and multiple sclerosis. The market is segmented by product type and by the end user. Major Key players in Malaysia's neurology devices market include Wassenburg Medical, EMG-EP Technologies, Johnson and Johnson, GE Healthcare, Stryker, Medtronic and Abbott laboratories.
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Egypt Neurology Devices Market Executive Analysis
The Egypt Neurology Devices Market size is at around $35 Mn in 2022 and is projected to reach $72 Mn in 2030, exhibiting a CAGR of 9.30% during the forecast period. Till 2021, the health sector in Egypt received just an average allocation of 5.2% of the total government budget or 1.5% of GDP. From 5.3% in 2016 to 4.9% in 2019, the budget's share of health expenses decreased, reaching its lowest level in the preceding five years. At 1.6% of GDP, government spending on health reached a record high. Egypt has boosted public health spending to approximately 3% of GDP.
In Egypt, there are 76 strokes per 100,000 people each year and 5.5 epilepsy cases per 1,000 people. There are 41.2 cases of Parkinson's disease for every 100,000 people and 3.5 cases of Multiple Sclerosis (MS) for every 100,000 people. Neurology examines diseases that have an impact on the nervous system. In neurology, a variety of various kinds of devices are routinely employed. For instance, sacral nerve stimulation devices electrically stimulate the targeted sacral nerves in the lower back. Contrarily, equipment for managing cerebrospinal fluid maintains the fluid's consistent flow and drains surplus fluid from the brain. As a result, while interventional devices use radiology and catheters to diagnose the medical conditions present in the central nervous system, Deep Brain Stimulation (DBS) devices assist in performing procedures by implanting a medical device that sends electrical impulses to specific target areas in the brain.
Market Dynamics
Market Growth Drivers
There is a rising need for neurology devices in Egypt due to the frequency of neurological disorders such as stroke, epilepsy, Parkinson's disease, and multiple sclerosis. These problems can be diagnosed and treated with neurology devices. The Egyptian government is taking steps to assist the expansion of the healthcare industry, including providing financial incentives for companies that make neurology devices to invest there. This is anticipated to spur the entry of more manufacturers and fuel the market's expansion for neurology devices.
Market Restraints
The complexity and length of the Egyptian neurology device regulations may hinder manufacturers' efforts to launch new items into the market swiftly. Due to their high price, restricted availability, or lack of adequate training and knowledge to use them, innovative neurological devices and technologies may not be widely available to many healthcare providers in Egypt.
Competitive Landscape
Key Players
- Wassenburg Medical (EG)
- EMG-EP Technologies (EG)
- Medtronic
- Abbott Laboratories
- Johnson & Johnson
- Boston Scientific
- GE Healthcare
Recent Notable Deals
2021: Leading medical device manufacturer Medtronic announced the arrival of its Percept PC neurostimulator in Egypt in 2021. The tool is utilized to treat Parkinson's disease and essential tremor symptoms.
2020: Many Egyptian neurology centres will start receiving neurology devices from Mindray, a Chinese manufacturer of neurology devices, in 2020. Providing electroencephalography equipment, which is used to track brain activity, was part of the agreement.
Healthcare Policies and Regulatory Landscape
The Egyptian Ministry of Health and Population (MoHP) and the Egyptian Drug Administration (EDA) oversee healthcare laws and regulations in Egypt's neurology devices sector. In Egypt, the registration of neurological devices is governed by the EDA. Manufacturers must abide by the EDA's rules for registering neurological devices, which include providing clinical and technical data for approval. Manufacturers of neurology devices are required by the Egyptian Drug Administration (EDA) to implement a Quality Management System (QMS) in line with ISO 13485. The entire device lifespan, from design and development to post-market monitoring and complaint management, must be covered by the QMS.
1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
Neurology Device Market Segmentation
The Neurology Device Market is segmented as mentioned below:
By Product Type (Revenue, USD Billion):
- Neurostimulation
- ?Spinal Cord Stimulation Devices
- Deep Brain Stimulation Devices
- Sacral Nerve Stimulation
- Vagus Nerve Stimulation
- Gastric Electric Stimulation
- Interventional Neurology
- Aneurysm Coiling & Embolization
- Embolic Coils
- Flow Diversion Devices
- Liquid Embolic Agents
- Cerebral Balloon Angioplasty & Stenting
- Carotid Artery Stents
- Filter Devices
- Balloon Occlusion Devices
- Neurothrombectomy
- Clot Retriever
- Suction Aspiration Devices
- Snares
- CSF Management
- CSF Shunts
- CSF Drainage
- Neurosurgery Devices
- Ultrasonic Aspirators
- Stereotactic Systems
- Neuroendoscopes
- Aneurysm Clips
By End User (Revenue, USD Billion):
- ??Hospitals and Clinics
- Specialty Centres
- Others
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- Market Overview
- Market Growth Drivers & Restraints
- Epidemiology of Disease Type
- Market Segmentation
- Market Share
- Competitive Landscape
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- Healthcare Policies & Regulatory Framework
- Reimbursement Scenario
- Factors Driving Future Growth
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