According to Fitch Solutions, the Middle East and North Africa (MENA) region’s US$182.9 billion healthcare market is forecast to expand to US$261.1 billion with a 13.6% compound annual growth rate (CAGR) at constant exchange rates through to 2023.

CAIRO, EGYPT, December 19, 2019 /24-7PressRelease/ — In North Africa, significant efforts are being made since the 80s to develop the healthcare sector, and investments in medical insurance, vaccination, access to water and better nutrition have resulted in the decrease of infant and maternal mortality and longer life expectancy. According to the United Nations Economic Commission for Africa (ECA), the combination of the three factors ‐ namely the ongoing rapid socio‐economic changes, demographic transitions leading to the increase of juvenile population and a population which started ageing (in most North African countries, the proportion of people aged over 60 will jump to 20% within 40 years), and the evolution of lifestyles ‐ has given rise to new patterns of consumption, new diseases, and new needs that will constitute challenges to the countries of the region.

To overcome these new challenges, including those relating to health inequalities, the ECA believes that health systems have to develop a clear vision and strategy, reforms have to be made in order to implement more equitable health funding policies and achieve the universal coverage. Moreover, better advantage should be taken of the potential of the private sector as a support to the public health system.

These reforms also imply that policymakers in the region should tackle the issue of infrastructure and human resources in health sectors (accessibility and proximity of health care, diversification and adaptation of medical specialities to the new needs, job creation in medical and paramedical sectors, etc.), according to the ECA.

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Healthcare market insights for North Africa
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