Industry Analysis & Industry Trends
The Pain Medication OTC Manufacturing industry manufactures over-the-counter pharmaceutical products that focus on pain relief and are available without a doctor's prescription. As Australian consumers have a high awareness of self-medication uses, domestic demand for OTC pain medication has remained healthy over the past five years. Consumers are able to reach for an increasing range of pain relief products from their pharmacy and supermarket aisles.
As with other segments of the Pharmaceutical Product Manufacturing industry, the Pain Medication OTC Manufacturing industry is dominated by global players and brand names... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pain Medication OTC Manufacturing industry is expected to be in the mature phase of its life cycle. Following strong growth in the early 1980s and 1990s, growth rates have since slowed considerably. Over the past five years, industry revenue has been significantly hampered by rising competition from generic drugs, high import penetration and falling branded drug prices due to government policy.
Over the same time frame, the number of enterprises has dropped, which is also a testament to the industry's mature life cycle. Many industry players are shifting operations offshore to cut costs and increase price competitiveness both internally and externally against mass imports... purchase to read more