PROSPECTS AND OPPORTUNITIES
Analgesics may face competition from TCM formulations and vitamins and dietary supplements
As consumer health awareness continues to evolve in Hong Kong, analgesics is facing greater competition from traditional Chinese medicine (TCM) or vitamins and dietary supplements as preventive healthcare alternatives. Driven by a growing emphasis on the adverse side effects of Western medicine, health-conscious consumers are increasingly turning to TCM formulations to address the root causes of ailments, rather than solely relying on analgesics for pain relief or symptomatic treatment.
Demand for NSAIDs set to slow due to rising awareness of potential side effects
The demand for non-steroidal anti-inflammatory drugs (NSAIDs), such as ibuprofen and aspirin, is expected to slow in Hong Kong over the forecast period. This shift is driven by rising concerns over the potential adverse side effects associated with prolonged NSAID use.
Short-term challenges of alternatives purchased in neighbouring countries
Hong Kong’s consumers have become increasingly cost-conscious amidst the gradual return of international travel, which may lead to a rise in cross-border purchases. Reopened borders have enabled cost-conscious consumers from Hong Kong to take advantage of the proximity and lower price points of products available at warehouse clubs, such as Sam's Club in Shenzhen.
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Overview:
Understand the latest market trends and future growth opportunities for the Analgesics industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Analgesics industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Analgesics in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Analgesics in Hong Kong, China?
- Which are the leading brands in Analgesics in Hong Kong, China?
- How are products distributed in Analgesics in Hong Kong, China?
- How has the regulatory and operating environment for Analgesics changed in Hong Kong, China?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Analgesics
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Analgesics in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Sales of analgesics remain resilient in Hong Kong
Topical analgesics/anaesthetic records further dynamic growth from low sales base
Health and beauty specialists remains dominant distribution channel
Analgesics may face competition from TCM formulations and vitamins and dietary supplements
Demand for NSAIDs set to slow due to rising awareness of potential side effects
Short-term challenges of alternatives purchased in neighbouring countries
Consumer Health in Hong Kong, China - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
Analgesics
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- Adult Acetaminophen
- Adult Aspirin
- Adult Combination Products - Analgesics
- Adult Diclofenac
- Adult Dipyrone
- Adult Ibuprofen
- Adult Ketoprofen
- Adult Naproxen
- Adult OTC Triptans
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- Paediatric Acetaminophen
- Paediatric Aspirin
- Paediatric Combination Products - Analgesics
- Paediatric Dipyrone
- Paediatric Ibuprofen
- Paediatric Naproxen
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- Acetaminophen
- Aspirin
- Combination Products - Analgesics
- Diclofenac
- Dipyrone
- Ibuprofen
- Ketoprofen
- Naproxen
- OTC Triptans
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- Topical Analgesics/Anaesthetic
Analgesics
Analgesics cover systemic and topical pain relievers. Products which include a pain-relief ingredient in addition to another core function are excluded (e.g. a sore throat remedy which includes paracetamol is excluded from the analgesics and instead is included in pharyngeal remedies).
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Analgesics research and analysis database.
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