PROSPECTS AND OPPORTUNITIES
Positive growth for analgesics, underpinned by increasing urbanisation and more stressful lifestyles
The market for analgesics in the Philippines is projected to expand in constant value terms (2024 prices) during the forecast period. As urbanisation and mobility levels rise, the incidence of contagious medical conditions, such as influenza, is rising, especially in densely populated areas where close contact is frequent.
Ageing population will have positive impact on demand
The ageing of the Philippine population is anticipated to be a significant driver of sales growth in analgesics during the forecast period. While the Philippines does not face the same demographic pressures as some European countries, the number of middle-aged and elderly individuals in the country is growing.
Pharmacy franchises pave way for greater availability of analgesics, especially in rural areas
Retail expansion is set to significantly boost demand for analgesics across the Philippines, especially in previously underserved provincial areas. The steady rise of pharmacies, including franchise outlets, in these regions is making analgesics more accessible to a broader consumer base, with many featuring these products as a primary offering.
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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
Brand loyalty in analgesics remain strong, despite increasing market competition
Innovative packaging plays important role in educating and engaging consumers
Analgesics kits become increasingly popular
Positive growth for analgesics, underpinned by increasing urbanisation and more stressful lifestyles
Ageing population will have positive impact on demand
Pharmacy franchises pave way for greater availability of analgesics, especially in rural areas
Consumer Health in the Philippines - 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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