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 - Starting a New Business Chapter
IBISWorld expects that barriers to entry for the Pain Medication OTC Manufacturing industry in Australia are high due to the dominant position of branded pain-suppressant drugs and the high knowledge required for manufacturing pharmaceuticals. Potential entrants are barred from producing similar formulations of patented drugs. An option does exist for potential entrants to synthesise a new drug, file a patent and begin manufacturing, but this is costly and time consuming.
However barriers to entry for generic drugs are significantly lower than branded drugs. Investment capital for small-scale manufacture of drugs is cheaper than automation and mass production... purchase to read more