MarkNtel Advisors recently published a report, titled, ” Egypt Consumer Health Market By Disease Type Cardiovascular Diseases, Respiratory Diseases, Lifestyle Diseases [Diabetes, Obesity, Depression, High Blood Pressure, High Cholesterol, Others]), By Category (Weight Management & Wellbeing, Sports Nutrition, Pediatric Health, OTC Pharmaceuticals),Other. As per as the report The Egypt Consumer Health Market is projected to grow at a noteworthy CAGR of around 5.5% during the forecast period, i.e., 2023-28.
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Growth Restraint: Lack of Consumer Knowledge of OTC Drugs Usage & the Presence of Counterfeit Medications to Hinder the Market Growth
Despite growing awareness of healthcare, many Egyptians still lack knowledge about OTC drugs & their appropriate usage, i.e., leading to ever-increasing instances of drug misuse & overuse, leading to the rising health risks & complications, which is the prime aspects projected to hinder the growth of Egypt Consumer Health Market.
In addition, owing to high import costs & taxes, some OTC drugs in Egypt have prices higher than consumer affordability, which makes it difficult for them to buy these products, i.e., another growth challenge to the market. Moreover, the availability of counterfeit drugs in the country is another big concern for consumers to purchase products as they are not sure about their safety & effectiveness. Hence, these aspects are likely to hamper the expansion of the Egypt Consumer Health Market in the years to come.
Leading Companies in Egypt Consumer Health Market:
GSK Consumer Healthcare, Abbott Laboratories Inc., Bayer Middle East FZE, Atkins Nutritionals Inc., 21st Century Healthcare, Nestlé Middle East FZE, Heinz Africa & Middle East & Africa FZO, Vitabiotics Ltd, Glanbia Plc, Quest Nutrition LLC, Alcon Middle East, Allergan Plc, Johnson & Johnson, Others.
Egypt Consumer Health Market Segmentation:
By Type
-Weight Loss Supplements, By Revenues (USD Million), 2018-2028
-Meal Replacement, By Revenues (USD Million), 2018-2028
-Nutritional Drinks, By Revenues (USD Million), 2018-2028
By Category
-Weight Management & Wellbeing
-Sports Nutrition
-Pediatric Health
-OTC Pharmaceuticals.
Get Full Access Of Egypt Consumer Health Market Report : https://www.marknteladvisors.com/research-library/egypt-consumer-health-market.html
Key questions answered in the Egypt Consumer Health Market are:
•What is Egypt Consumer Health Market?
•What was the market size in 2023?
•What is the growth rate of the Egypt Consumer Health Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Egypt Consumer Health Market?
•What segments are covered in the Market?
•Who are the key players in the Egypt Consumer Health Market?
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