The use of state-of-the-art medical imaging devices in the private sector to attract medical tourism has boosted the availability of MRI in Egypt, according to a new report by market research firm Frost and Sullivan.
The authors estimated the Egyptian MRI market earned revenues of $35 million U.S. (27 million euros) in 2012, and projected growth will rise annually by 9.4% to 2019, when the total value will be around $66.7 million U.S. (51 million euros).
The focus on medical tourism will further encourage private healthcare institutions in the country to adopt large-scale, high-end clinical care, the study noted. In addition, current MRI market revenues are low, as several private hospitals await political transition in Egypt before proceeding with their investments. Similarly, uptake in the public sector is likely to be subdued in the short-to-medium term, as the state budget for healthcare remains limited.
Frost & Sullivan Healthcare Research Analyst Shalena Naidoo wrote that forming alliances with government entities and private businesses "will assist MRI equipment manufacturers to secure healthcare project contracts in Egypt. Partnerships will also enable the standardization of medical imaging modalities, which is a key criterion for end users."
