Egypt Oncology Clinical Trials Market Analysis

Egypt Oncology Clinical Trials Market Analysis


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Egypt's oncology clinical trials market is projected to grow from $35.4 Mn in 2022 to $60.9 Mn by 2030, registering a CAGR of 7% during the forecast period of 2022-30. The market will be driven by Egypt's rising cancer incidence and the government's favorable regulatory framework for clinical trials. The market is segmented by phase, by study design & by indication. Some of the major players include Pfizer Inc., Novartis International, EIPICO & EVA Pharma

ID: IN10EGCT006 CATEGORY: Clinical Trials GEOGRAPHY: Egypt AUTHOR: Vidhi Upadhyay

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Egypt Oncology Clinical Trials Market Executive Summary

Egypt's oncology clinical trials market is projected to grow from $35.4 Mn in 2022 to $60.9 Mn by 2030, registering a CAGR of 7% during the forecast period of 2022-30. Egypt is split into four major geographical regions: the Nile River and Delta, the Sinai Peninsula, the Eastern Desert, and the Western Desert. Egypt has the biggest number of clinical trials being conducted by pharmaceutical corporations such as Roche and Novartis in Africa, second only to South Africa. Egypt executes the most clinical trials in the Middle East when compared to other Arab nations, and combined with Saudi Arabia oversees half of all clinical research in the area. In Egypt in 2020, the following cancers had the largest incidence numbers: liver (27,895), breast (22,038), bladder (10,655), Non-Hodgkin Lymphoma (7305), lung (6538), leukaemia (5231), and prostate (4767), with a total of 134,632 for all cancers.

Egypt's oncology clinical trials landscape is promising, with an increasing number of clinical studies being done across a variety of diseases and treatment interventions such as breast cancer, lung cancer, colorectal cancer, lymphoma, pediatric cancers. To advance the area of oncology clinical trials in Egypt, further investment in healthcare facilities, research skills, and patient education is required. The landscape for oncology clinical trials in Egypt is expanding and diversifying, with increased interest and investment from both local and international actors.

egypt oncology clinical trials market analysis

Market Dynamics

Market Growth Drivers

One of the primary growth factors is Egypt's rising cancer incidence, which is fuelling demand for innovative and better therapies. Another motivator is the Egyptian government's favorable regulatory framework for clinical research, which has been designed to facilitate clinical trials. The Egyptian Drug Authority and the Ministry of Health have set criteria for clinical studies, and the clearance procedure has grown more simplified in recent years. Moreover, international cooperation has aided in the promotion and support of oncology clinical trials in Egypt. Foreign institutions such as the National Cancer Institute (NCI) and the World Health Organization (WHO) have been collaborating with Egyptian researchers and healthcare professionals to increase the number of oncology clinical trials in the country.

Market Restraints

There are other constraints to consider as well. One of the most significant issues is the scarcity of research funding, which may obstruct the development of novel medicines and the conduct of clinical studies. Another issue is that patients and healthcare professionals are not aware of the relevance and advantages of clinical trials. This may result in poor enrolment rates and delayed recruiting, extending the time required to complete studies. Another constraint is the country's insufficient research infrastructure in some areas. Consequently, Egypt's political and economic instability may have an influence on the expansion of oncology clinical trials, especially if it results in a decrease in financing or research activities.

Competitive Landscape

Key Players

  • Pfizer Inc.
  • Novartis International AG
  • AstraZeneca plc
  • Merck & Co., Inc.
  • Roche Holding AG
  • Eli Lilly and Company
  • Sanofi S.A.
  • Bristol Myers Squibb Company
  • Pharco Pharmaceuticals (EGY)
  • EIPICO (EGY)
  • EVA Pharma (EGY)

Notable Insights

September 2021, GE Healthcare, Gustave Roussy, and Egypt's Ministry of Health Join Together to Establish Rapid Breast Cancer Diagnosis Centers

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Clinical Trials Regulation in Country
1.6 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

6. Methodology and Scope

Oncology Clinical Trials Market Segmentation

By Phase (Revenue, USD Billion):

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

By Study Design Outlook (Revenue, USD Billion):

  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others

By Indication Outlook  (Revenue, USD Billion):

  • Interventional
  • Observational
  • Expanded Access

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 04 October 2023
Updated by: Dhruv Joshi

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