Egypt’s Acne drug market size stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
Acne is a skin condition that occurs when the pores of the skin are clogged with oil, bacterial, and dead skin cells.
A 2019 study on students in Egypt showed a high prevalence of Acne Vulgaris among the population, with more females than males suffering from the problem. Prevalence of self-reported acne was 34.7% whereas that of clinically confirmed acne was 24.4%.
Skincare in Egypt saw healthy value and volume growth in 2020, due to the closure of beauty salons as a result of COVID-19 leading consumers to tend to their skincare routines at home. Skincare was also a hot topic on social media, with promotions and tutorials encouraging consumers to take time to pamper themselves during the time of lockdown.
The rising prevalence of Acne Vulgaris among the young population of Egypt, along with their growing consciousness regarding the same will boost the treatment market in the forecast period. Pollution and unhealthy lifestyle are also contributing to the problem and more people are expected to seek treatment. Furthermore, the approaching approval of a range of novel products offers a promising future.
E-commerce boomed in Egypt in 2020, due to consumers staying at home during the time of COVID-19 and thus preferring to shop online. In addition to consumers avoiding busy shopping areas, consumers also preferred to make their payments with credit and debit cards, due to hygiene concerns about using ATM machines and handling cash. These shopping habits are expected to prevail in the forecast period, booming the online care market in the forecast period.