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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 2013

Growth pains: Competition from manufacturers abroad hampers industry revenue

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
$834m
Annual Growth 08-13
-2.0%
Annual Growth 13-18
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Profit
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Employment
1,814
Businesses
87
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 Key Buyers Chapter

The Pain Medication OTC Manufacturing industry in Australia exhibits a medium level of market share concentration. The top four companies account for approximately 50.0% of the industry. GSK and Pfizer Australia dominate the industry, significantly more so than other pharmaceutical manufacturing industry. This is due to many global pharmaceutical companies offshoring to cut costs because of increased import pressure. As a result, a large proportion of industry goods are imported into Australia.

In the generic drug-manufacturing sector, the level of concentration is significantly lower. This is because a large number of generic drug makers solely manufacture drugs, branding them as their chemical compounds and with little to no attempt at marketing to minimise costs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pain Medication OTC Manufacturing Industry?

Companies in this industry research and develop medicines with pain-relieving, anti-inflammatory and other effects. Products manufactured by the industry are available without a prescription in various OTC locations.

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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