Cairo – Mubasher: Egypt will likely require around 38,000 new beds in the healthcare market, based on Egypt’s ratio of 1.3 beds per 1,000 population, with an estimated investment of $8 billion to $13 billion by 2030, according to Colliers.
The country would also require up to 120,000 new beds, based on MENA’s ratio of 1.9 beds per 1,000 population, said Mansoor Ahmed, Director of Healthcare, Education, Development Solutions, and PPP at Colliers – MENA Region.
Most of these investments will come from the public sector, Ahmed noted.
He added, “Egypt’s healthcare market is highly dominated by the public and parasatal sector, which includes specialised medical centres in the public sector and government agencies and other bodies.”
Ahmed elaborated, “However, although the public sector is the largest player with 63% of total hospitals, it is highly fragmented with only 31 beds per hospital.” Therefore, merger and acquisition transactions will likely by a significant opportunity for consolidation in the private sector.
Egypt’s healthcare sector will need 88,000 more doctors, 73,000 additional nurses, and 18,000 new pharmacists to serve the additional demand by 2030.
There could be a growing demand for medical education institutions, according to Ahmed.
(Population of Egypt)
Colliers estimates indicated that Egypt’s population will likely reach 130 million by 2030.
“Currently, 74% of the population is under the age of 40 and it is expected to increase to 86 million by 2030. Concurrently, only 8% of the population is over the age of 60 which is also expected to increase to 13.8% by 2030,” according to Ahmed.
He added, “This means that the key demand will come from mother and childcare, lifestyle related diseases, geriatric care, and rejuvination and antiaging.”
