Industry Analysis & Industry Trends
The Pain Medication OTC Manufacturing industry manufactures pharmaceutical products that focus on pain relief and are available without a doctor's permission. As a country with a high awareness of medication and self-medication uses, domestic demand for OTC pain medication has remained healthy over the past five years. This is despite a cautious consumer environment in which consumers have attempted to focus spending on high-value items.
Local manufacturing operations have struggled to benefit from this trend. Global pharmaceutical manufacturing has shifted production towards Asia, where labour is cheaper and the plants are larger, leading to substantial increases in economies of scale. With these jumps in production capacity, import competition has increased substantially... purchase to read more
Industry Report - Industry Analysis Chapter
Over the past five years, the Pain Medication OTC Manufacturing industry has faced a series of challenges. Although the overall purchasing habits of consumers have been cautious and conservative, domestic demand for OTC pain medication has remained relatively healthy over the past five years. Nevertheless, domestic demand has not sufficiently helped local manufacturing operations, as multinationals leverage their brand names and cheaper manufacturing costs to attract consumers both on a reputational and price basis. Local manufacturing operations have subsequently struggled... purchase to read more