PROSPECTS AND OPPORTUNITIES
Demand for systemic analgesics will remain strong, alongside normalisation of consumer lifestyles
The market for systemic analgesics is expected to continue growing in the coming years. Demand will be driven by seasonal flu outbreaks, with the risk remaining persistent due to frequent travel in and out of the country.
Evolving demographics will enable stable growth in topical analgesics/anaesthetic
Demand for topical analgesics and anaesthetic in Singapore is expected to see strong growth over the forecast period. As the population aged 65 and above continues to grow, a significant driver for this increase will be the recurring aches and pains often experienced by older adults.
Rise of teleconsulting could hinder sales of OTC analgesics
During the COVID-19 years, numerous teleconsulting services emerged in Singapore, transforming the way healthcare is accessed and consumed. These services quickly gained popularity as consumers embraced the convenience of consulting with doctors from the comfort of their homes, eliminating the need to visit clinics and wait in long queues to obtain prescriptions.
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Overview:
Understand the latest market trends and future growth opportunities for the Analgesics industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading brands in Analgesics in Singapore?
- How are products distributed in Analgesics in Singapore?
- How has the regulatory and operating environment for Analgesics changed in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Demand for systemic analgesics continues to normalise with acetaminophen remaining the preferred choice
Continued healthy growth for topical analgesics, driven by revival of inbound travel and growing demand for natural pain relief solutions
GSK Consumer Healthcare maintains leadership, despite rising competition
Demand for systemic analgesics will remain strong, alongside normalisation of consumer lifestyles
Evolving demographics will enable stable growth in topical analgesics/anaesthetic
Rise of teleconsulting could hinder sales of OTC analgesics
Consumer Health in Singapore - 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?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Analgesics research and analysis database.
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