The pharmaceutical sector in Egypt is one of the oldest strategic sectors in the country, founded in 1939 with the establishment of the Misr Company for Pharmaceutical Industries. The Egyptian pharmaceuticals and cosmetics sectors are considered the largest in the region with regards to growth capacity and expansion during the coming five years compared to similar sectors in neighbouring countries. The Egyptian pharmaceutical industry has enjoyed a period of considerable development in recent years. Egypt has emerged as a leading exporter of pharmaceuticals to Arab, Asian, and Eastern European markets. The Egyptian pharmaceutical market at retail prices rose by a double-digit CAGR in US dollar terms in the current decade. It has been estimated that the market increased by five times during the past 20 years. Production is expected to rise as the healthcare system continues its transition towards modernization; Egypt is becoming an attractive market for multinational pharmaceutical companies focused on emerging markets.
The local industry produces EGP/US$ billion worth of pharmaceuticals per year. Official statistics peg the value of domestic pharmaceutical consumption in Egypt up to EGP 5 billion (approx. US$ 1 billion) per year. The expanding Egyptian pharmaceutical sector currently consists more than 60 firms and factories, including several high-technology manufacturing enterprises, distribution companies and more than 50 private investment corporations. With more than 10 multinationals and 30 indigenous companies, Egypt is the leading producer and consumer of pharmaceuticals in the region. In addition, the nation boasts 100 scientific offices to distribute pharmaceuticals.
Pharmaceutical and life sciences industries present unique challenges as development in technology and innovations require transformations in the way products/services are offered. This gets more complicated when shifts in demographic and economic factors are taken into consideration. At Crowe Dr A. M. Hegazy & Co. we know these complexities and offer professional services to businesses of all sizes- from start-up pharmaceutical companies to multinational business enterprises. We have years of experience working with organizations across the pharmaceutical industry. From proprietary & generic drug manufacturers to medical equipment suppliers to research organizations, we offer tailor made solutions to issues faced by every industry vertical.
We understand the dynamics of relationships that exist between the manufacturers, agents, clients, and the end consumers of the industry. We believe that delivering feasible solutions depend much on these invisible factors and always use our understanding to help companies attain their business goals.