What is the Pain Medication OTC Manufacturing industry?
The Pain Medication OTC Manufacturing industry is expected to be in the mature phase of its life cycle. Following strong growth in the early 1980s and 1990s, growth rates have since slowed considerably. Over the past five years, industry revenue has been significantly hampered by rising competition from generic drugs, high import penetration and falling branded drug prices due to government policy.
Over the same time frame, the number of enterprises has dropped, which is also a testament to the industry's mature life cycle. Many industry players are shifting operations offshore to cut costs and increase price competitiveness both internally and externally against mass imports... purchase to read more