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 Analysis Chapter
Over the past five years, the Pain Medication OTC Manufacturing industry has benefited from Australia's ageing population. Ageing consumers are increasingly turning to pain medication to counter the discomfort of osteoarthritis, rheumatoid arthritis and other degenerative or chronic diseases. Analgesics remain the industry's second-largest product segment for downstream pharmacies, while paracetamol is the fourth-largest product (by volume) on the PBS.
The industry has faced a series of challenges, many of which echo similar developments within the overall Pharmaceutical Product Manufacturing industry... purchase to read more