PROSPECTS AND OPPORTUNITIES
Rising medical costs will continue to drive health consciousness
Value sales will increase for analgesics during the forecast period. As medical expenses in the Philippines are projected to rise by 18.
Retail channels launching own analgesics lines
Retailers such as Watsons are expected to expand their health offerings by introducing more private label analgesics, allowing them to offer a greater range of affordable alternatives to branded products while capturing more margin. As consumers become more price sensitive, especially in the face of inflation, private label options provide a compelling value proposition.
Preference for generic brands set to persist
Inflationary pressures are expected to sustain consumer preference for generic health products. These brands offer similar efficacy to premium options but at significantly lower prices, making them attractive to budget-conscious shoppers.
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Overview:
Understand the latest market trends and future growth opportunities for the Analgesics industry in Philippines 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 Philippines, 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 Philippines 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 Philippines?
- Which are the leading brands in Analgesics in Philippines?
- How are products distributed in Analgesics in Philippines?
- How has the regulatory and operating environment for Analgesics changed in Philippines?
- 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 the Philippines - Category analysis
KEY DATA FINDINGS
Rising flu and hygiene concerns support solid sales growth in 2024
Demand for all-in-one analgesic kits
Investment in packaging formats and digital education
Rising medical costs will continue to drive health consciousness
Retail channels launching own analgesics lines
Preference for generic brands set to persist
Consumer Health in the Philippines - Industry Overview
Consumer Health in 2025: The big picture
Key trends in 2025
Competitive landscape
Channel 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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