Egypt’s Anti-Aging 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.
Anti-aging creams are predominantly moisturizer-based cosmeceutical skincare products marketed with the promise of making the consumer look younger by reducing, masking, or preventing signs of skin aging.
The current demographics in Egypt make it an ideal market as the demand for anti-aging and overall skincare products is high. The rising consciousness among people of all age groups has led to diverse market products. Overall skincare market in Egypt registered a positive compound annual growth rate (CAGR) of 14.38% during the period 2013 to 2018.
The Anti-Aging market in Egypt is expected to bloom in the forecast years. A decrease in mortality and fertility rates and the rising aging population in Egypt will increase the demand for anti-aging products. The market can still benefit from more research and development in the area of highly efficient products and minimally invasive services.