Egypt-based InCurA raises pre-seed round to power expansion plans

Key Takeaways

The healthcare sector in Egypt stands out as one of the largest in the Middle East region, presenting substantial investment opportunities amidst a period of rapid transformation. The Egyptian government's strong emphasis on expanding the healthcare industry, particularly in the realm of medical devices, underscores the promising prospects for investors. In 2021, the Egyptian medical devices market boasted a value of $4 billion, and it is projected to exhibit a Compound Annual Growth Rate (CAGR) of over 3% during the period from 2022 to 2027. Notably, Egypt's medical devices market ranks as the second largest in the MENA (Middle East and North Africa) region. Despite the significant market size, the production of medical devices within Egypt remains relatively low, with a heavy reliance on imports to meet the country's demand. This presents an opportunity for both domestic and foreign investors to capitalize on the growing demand for medical devices and contribute to the expansion and development of Egypt's healthcare sector.