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Pain Medication OTC Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pain Medication OTC Manufacturing Market Research Report | Life Sciences | OTC Medicines | May 2015

A bitter pill: Tighter regulatory controls on OTC medicine constrain industry revenue growth

IBISWorld’s Pain Medication OTC Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
GlaxoSmithKline GlaxoSmithKline market share
Pfizer Australia Pfizer Australia market share
Industry Statistics & Market Size
Revenue
$847m
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
1,515
Businesses
29
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. With Australian consumers possessing a high awareness of self-medication uses, and an increasing range of pain relief products now available in pharmacy and supermarket aisles, domestic demand for OTC pain medication has remained healthy over the past five years.

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

 


Industry ProductsRelated ReportsTable of Contents

What is the Pain Medication OTC Manufacturing Industry?

Companies in this industry research and develop over-the-counter pain relief medicines. Products manufactured by the industry are available without a prescription via pharmacy and grocery channels. Narcotic and opioid analgesics dispensed via prescription are not included in the industry.

Industry Products
SalicylatesPropionic acid derivativesAcetaminophensOther non-steroidal anti-inflammatory drugs
 
Industry Activities
Manufacturing acetaminophen based pain suppressantsManufacturing non-steroidal anti-inflammatory based pain suppressantsManufacturing acetaminophen based pain suppressantsManufacturing non-steroidal anti-inflammatory based pain suppressants


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