Consumer health has seen a recovery in the supply chain in 2024 with most products available in pharmacies again, although government supplies remain uncertain. Ayurveda has expanded in part due to its affordability and the rising cost of imported consumer health products.
Consumer health has seen steady growth in current value terms in 2024 despite many consumers facing financial difficulties. There has also been a rise in interest in complementary therapies like Ayurveda.
The Sri Lankan government had to implement import limits due to a shortage of foreign funds at the height of the country's economic crisis. Due to these limitations, there was previously insufficient consumer health goods on the market to satisfy demand.
The socioeconomic conditions in Sri Lanka have played a major role in the development of consumer health in 2023-2024. Even though pharmaceutical supply chains have stabilised, price volatility has remained.
In Sri Lanka, there were notable changes to the retail distribution landscape for consumer health products in 2023–2024. The reason traditional pharmacies are still in demand is that they are reliable and convenient.
Between 2023 and 2024, there were some modifications made to Sri Lanka's OTC drug registration and categorisation system. To stop the spread of phony registration certificates, the National Medication Regulatory Authority (NMRA) created a unique label to confirm the authenticity of medications that are registered.
There have been no notable advancements or modifications noted in Sri Lanka's registration and categorisation of vitamins and nutritional supplements in 2023–2024.
Over the course of the projection period, a number of noteworthy changes are expected to have an influence on consumer health in Sri Lanka. For instance, consumers are expected to pay more attention to their health and wellbeing and will likely increasingly focus on preventative health rather than just treatments.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Health industry in Sri Lanka 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Consumer Health industry in Sri Lanka, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Health
It is the aggregation of OTC, Vitamins and Dietary Supplements (VDS), Sports Nutrition, and Weight Management and Wellbeing
See all of our definitionsThis report originates from Passport, our Consumer Health research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!