Egypts Contraceptives 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.
The Govt. of Egypt is committed to safeguarding the health of women and girls in the country and mitigating the rate of its population growth by expanding its contraceptive programs and improving the quality of services to attract new users while expanding contraceptive methods choice. Accordingly, the Strategic National Population Plan 2015-2030 in Egypt has called for accelerated efforts to reduce the TFR to 2.4 births per woman by the year 2030. Theoretically, such a fertility level can be achieved by increasing contraceptive prevalence from 58% in 2014 to 72%, thus increasing the demand for the market in the forecast period.
Social, cultural, and religious norms in Egypt have sometimes caused family planning to be stigmatized.
Market Drivers
With the rapid growth of the Egyptian population from 20.8 to 100 million inhabitants in the past 50 years, strenuous efforts have been made to promote maternal and child health through family planning programs that empower families to make informed decisions on the number of children and interval between children they want and to reduce unintended pregnancies. This will continue to boost the market for contraceptives in Egypt.
Rising rates of STDs have made people aware of contraceptives and the market is expected to sustain and grow through the forecast period.
Misconceptions about contraceptives still exist and this could factor in restraining the market growth in the country.
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