Presentation on theme: "The Export Council for Medical Industries - ECMI"— Presentation transcript:
1 The Export Council for Medical Industries - ECMI Ms. Nevin HossamExecutive Manager
2 Content ECMI role ECMI vision and mission ECMI goals and objectives ECMI services’ facilitatorECMI stakeholders and partnersMedical sector driversThe sectors’ projectionThe sector exports’ development (actual)
3 ECMI roleECMI is designated by the Minister of Industry and foreign Trade that gather industry related policy makers “producers, exporters and government representatives” to draft and implement export strategies that are compatible with the changing business environment and work as a consultative body to the minister .The medical industries consists of three main sectors:Pharmaceutical sectorCosmetics sectorMedical devices
4 Vision and MissionVision: Positioning Egypt as a premium medical vendor to the regional & global community with an unremitting drive towards innovation, competitiveness and transparency.Mission: Boosting the sectors industrially, economically and socially , leveraging sectors’ exports, improving workforce education and training, encouraging international business investment and opening new markets plus helping achieve economic prosperity and worldwide recognition.
5 ECMI goals and objectives Promote Egypt’s image and penetrate new marketsStakeholders integration to the sector strategies implementationSupport the companies registration processes in the overseas marketsDrive the simplification of export and registration procedures domestically.Develop technical services and trainings to enhance the sector’s capabilities and competitiveness.Doubling the sector’s exports in 3 years.
6 ECMI services’ facilitator Promote and subsidize the exports of medical supplies and cosmetics sectors, in line with Egyptian Development Export Fund regulations.Subsidize the participation in specialized trade shows and business missions (up to 70%), according to the regulations of the Egyptian Expo & Convention Authority.Subsidize the export shipping cost to African countries (up to 50%) as regulated by the Egyptian Development Export Fund.Conduct inward and outward promotion missions.Subsidize the product ‘s registration and needed quality certification for medicine and medical supplies in the target markets as regulated by the Egyptian Development Export Fund.Sector studies and market intelligences.
7 ECMI stakeholders and partners Ministry of Health - MOHMinistry of Industry - MOIMinistry of Planning and Int’l Cooperation – MOPICMinistry of InvestmentDonors, related NGOs and associations (i.e IMC, ITC..)ECS officesExpo and Convention AuthorityBusiness councilsForeign embassies / commercial sectionsExport Development Fund
8 Sector’s value propositions Low labor cost and taxes structureLow logistics costHigh healthcare expenditure*Expansion of social health insuranceGovernmental supportInt’l sector growth by 7-10% yearlyDomestic investment increase by 15-20% yearlyBiomedical researches and educational academiesTrends to OEM and private labeling business* Government spending on healthcare has increased by 200% over the past 15 years.
9 Projected regional changes in health spending due to population growth and aging, 2000–2020(%) It is the simple facts of demographics that drive the Egyptian healthcare system changes. Total population has reached about 78M and annual growth is about 1.8M. Growth in population between 2000 and 2020 in Egypt is projected to add 34%, and the aging factor (increase in cost per capita) to add another 24% to total health spending (at total of 58% increase). This translates to an average annual growth rate in health spending of 2.9 percent in real terms. Since this estimate is based on the assumption of constant medical technology and cost structure, it represents the lower boundary of the projected health expenditure growth rate.The following graph presents the regional changes in health spending.
13 The (actual) sector exports’ development (2007-2011) 2008200920102011Growth Rate% (10/11)Pharmaceutical876.91017.41144.21325.3142810.7Cosmetics883.6948.21157.21529.2165410.8Medical devices1075115012851392152910.9Total exports of medical industries2835.53115.63586.44246.44611Values in million Egyptian PoundsSource: The General Organization for Export and Import Control
14 The sector exports’ development Values in million Egyptian Pounds