1. The radiology equipment industry in Egypt has full-grown over the review Duration 2015-2020 due to supporting factors like the geriatric population and the transition of healthcare amenities from analogy to digital technologies.
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The radiology equipment market in Egypt has expanded at a significant growth rate over the forecasted period of 2015-2020. Factors like the geriatric population in the country and the transition of healthcare amenities from analogy to digital technologies have played a key role in helping this industry to grow over the past several years. The current growth indicates the bright future of the radiology equipment market in Egypt as the enhancement in the healthcare infrastructure is expected to produce the demand for such products in the coming years. Also, an increasing number of diseases and injuries will induce a high demand for this equipment in the next five years.
2. Presently, GE, Philips, and Siemens have been the leading competitors for all Radiology equipment with the highest number of Installed units.
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There are multiple players present in the Egypt Radiology Equipment Market, these include Philips, GE, Siemens, Toshiba, Fujifilm, DRTECH, Vieworks, Listem, Vila, DRGEM, Allengers, Bontech, iRay, Ecoray, WDM, SG Healthcare, Hologic, Technix, Ziehm Imaging, Shimadzu and more. They are working more proficiently to keep maintain the governing position, registering the great value of the market share, leading the highest market growth, obtaining the competitive edge, and generating the highest percentage of revenue by increasing the features and benefits of radiology equipment.
3. The sale of Refurbished and Pre-Owned Equipment, illegal imports and high duties and taxes are some of the Challenges faced by Companies, in the Egypt Radiology Equipment Market.
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Egypt is 100% import driven when it comes to the radiology equipment sector. It has very strict policies for importing Medical equipment in the country. 5-10% of import duties are levied on medical devices depending on the country of export. Asian Brands pay a higher import duty as compared to other brands. As a result, to avoid approvals and import duties, certain trading companies import products like C-Arm equipment into the country through illegal means. This impacted the growth of the radiology sector in Egypt. Not only this, the demand for Refurbished and Pre-owned equipment’s comparatively high in the country as these pre-owned equipment cost usually 40-50% less than a piece of brand-new equipment which further act as an add-on to the list of challenges of this segment.
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