{"id":659849,"date":"2025-02-03T00:00:00","date_gmt":"2025-02-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/03\/egypts-pharma-sales-rise-42-y-o-y-in-2024\/"},"modified":"2025-02-03T00:00:00","modified_gmt":"2025-02-03T00:00:00","slug":"egypts-pharma-sales-rise-42-y-o-y-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/03\/egypts-pharma-sales-rise-42-y-o-y-in-2024\/","title":{"rendered":"Egypt\u2019s pharma sales rise 42% y-o-y in 2024"},"content":{"rendered":"

The pharma sector\u2019s performance last year gives us reason to believe the market <\/strong>is en route to normalcy. <\/strong>Local pharma sales climbed 42% y-o-y in 2024, coming in at EGP 292 bn, Ibnsina Pharma said in a statement<\/a>(pdf)<\/a> citing IQVIA reports. The increase came on the back of price rises that began picking up in the second half of the year.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Remember: <\/strong>The Egyptian Drug Authority approved several price hikes<\/a> last year in response to calls from local pharma companies that the prices reflect new FX rates following the float of the EGP in March.<\/p>\n

No price hikes 2025? <\/strong>Pharma prices are likely to remain stable for the time being now that the market has stabilized, Federation of Egyptian Chambers of Commerce\u2019s pharma division head Ali Auf told EnterpriseAM. As long as the EGP \/ USD exchange rate is stable, the market will remain under control, he said.<\/p>\n

But the total number of units sold was down slightly: <\/strong>The number of units sold throughout 2024 dipped 3% y-o-y to 4 bn, Auf said, pointing to production lines taking a hit in 1Q 2024 on the back of active ingredient shortages caused by the FX crisis at the time. <\/p>\n

Last year\u2019s drug shortage is a thing of the past:<\/strong> The number of unavailable meds has dropped from 1.5k to 200-300 thanks to successive price hikes that revived production and eased FX pressures, Auf told us.<\/p>\n

The market leaders: <\/strong>Ibnsina Pharma currently holds a 30.8% market share, Pharma Overseas holds a 22% share, and the Egyptian PharmaTrading Company holds a 12% share, Auf said, explaining that drug warehouses own a collective 25% market share. <\/p>\n

Settling dues: <\/strong>The Madbouly government has settled a big chunk of its dues to pharma players \u2014 it has settled some EGP 31 bn of its dues, which now stand at EGP 19 bn. <\/p>\n","protected":false},"excerpt":{"rendered":"

Pharma prices are expected to remain stable throughout the year<\/p>\n","protected":false},"author":1,"featured_media":659850,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7304],"tags":[317,72,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pharma","tag-commodities","tag-enterpriseam","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"b370fffe-47f0-4473-b327-95350776242f","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/141.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s pharma sales rise 42% y-o-y in 2024","related_issue":[659839],"teaser":"Pharma prices are expected to remain stable throughout the year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.cda14806-b36a-48ec-86f5-ecc628637c36.mp3"},"yoast_head":"\nEgypt\u2019s pharma sales rise 42% y-o-y in 2024 - 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Revenues rose 24% y-o-y to EGP 3.9 bn. The company\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567568,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/earnings-watch-rameda-pharma-obour-land\/","url_meta":{"origin":659849,"position":1},"title":"Earnings watch: Rameda Pharma, Obour Land","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"EARNINGS WATCH- Rameda pre-tax profits fall 12% in 2019: Rameda Pharma made pre-tax profits of EGP 225 mn in FY2019, down 12% y-o-y from EGP 289 mn the year prior, according to a bourse disclosure (pdf). 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France\u2019s\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574916,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/27\/metlife-partners-with-yodawy-on-integrated-medical-services-platform\/","url_meta":{"origin":659849,"position":3},"title":"MetLife partners with Yodawy on integrated medical services platform","author":"enterpriseam admin","date":"27 September 2020","format":false,"excerpt":"Insurance giant MetLife has partnered with Egyptian pharma app Yodawy to launch a digital platform allowing its users to manage prescriptions, order medication and book consultations, the companies announced in a statement (pdf). \u201cThe MetLife-Yodawy partnership will alleviate many of the complexities of medical insurance claims, as well as introduce\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564049,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/alex-pharma-earnings-slip-in-fy2020-2021\/","url_meta":{"origin":659849,"position":4},"title":"Alex Pharma earnings slip in FY2020-2021","author":"enterpriseam admin","date":"4 August 2021","format":false,"excerpt":"Alexandria Pharma and Chemical Industries reported a 27% decrease in net annual income to EGP 131.5 mn in its 2020-2021 fiscal year that ended in June, down from EGP 170.05 mn the year before, according to the company\u2019s earnings statement (pdf). Revenues were up 9.5% y-o-y to EGP 1.12 bn,\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546383,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-rameda-bottomline-jumps-in-1q2022-company-eyes-acquisitions\/","url_meta":{"origin":659849,"position":5},"title":"Earnings watch: Rameda bottomline jumps in 1Q2022, company eyes acquisitions","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"Tenth of Ramadan for Pharma Industries and Diagnostic Reagents (Rameda) reported a 138% y-o-y jump in its net income in 1Q2022 to EGP 71.8 mn, according to its earnings release (pdf). Rameda\u2019s topline for the quarter rose 27% y-o-y to EGP 343.1 mn.Private sales continue to underpin strong performance: Private\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=659849"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659849\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/659839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/659850"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=659849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=659849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=659849"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=659849"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=659849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}