Egypts sleep management 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.
Sleep management includes sleep aids that help people suffering from disorders hampering their sleep. These may be medications or herbs that allow a person to get rest. They block some brain chemicals, making a person sleep or may later change the bodys natural circadian rhythm. They are also becoming increasingly popular as they help to reduce long-term health disorders.
The increased prevalence of sleep disorders such as sleep apnea, insomnia, and narcolepsy is driving the sleep disorder treatment market. A 2016 based study in Egypt determined that about 53% had poor quality of sleep in the country.
Market Drivers
The market is predicted to show immense potential in the given forecast period due to multiple factors such as the increased geriatric population in Egypt and increasing awareness among various organizations for sleep disorders. An increasing number of professionals are rescheduling their sleeping time due to working night shifts. This will generate interest in sleeping aids in the next few years as trends are shifting to maintain a healthy lifestyle by maintaining a good sleep cycle.
An increase in usage of alcohol, caffeine, and tobacco has also led to sleep disorders in the population. There is also an increase in the demand for pills that help people in sleeping when they cannot as a result of their stressful lifestyle. Several organizations are also spreading awareness about sleep disorders.
The registration procedure for launching new consumer health products in Egypt remains a long and complicated process. The first step involves the Ministry of Health agreeing with the manufacturer or distributor on the retail selling price.
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