The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: The economic environment provides a solid platform for increases in consumer electronics
device spending in Egypt over the medium term. We expect rising incomes and population growth will be
strong drivers of device spending as vendors target both first-time buyers and the higher-value replacement
market, centred on Cairo. We forecast total device spending will increase at a CAGR of 5.7% over
2016-2020 to reach USD4.9bn in 2020.
Latest Updates And Industry Developments
? Computer Hardware Sales: USD935mn in 2016 to USD1.05bn in 2020, a compound annual growth
rate (CAGR) of 2.9%. Small downgrade to reflect greater threat of smartphone cannibalisation, but
population and income growth, and educational procurement will support the segment and maintain
? AV Sales: USD694mn in 2016 to USD815mn in 2020, a CAGR of 4.1%. Flat-panel upgrade potential
still exists, which, alongside increases in local production and rising incomes, is supportive of AV
? Handset Sales: USD2.30bn in 2016 to USD3.03bn in 2020, a CAGR of 7.2% in US dollar
terms. Relatively low smartphone penetration after development delayed by political crisis, which means
handset value growth from first-time upgrades should be maintained over the medium term.