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 Locations Chapter
Industry establishments are primarily located on the east coast close to large population centres to reduce distribution costs. This also allows the industry to be closer to many research institutions, such as universities. Some states and territories do not have any manufacturing operations at all. Therefore, the spread of industry business locations is different to the expenditure pattern for OTC pain medication, which follows a similar spread across states and territories to the population... purchase to read more