OTC Healthcare in Dominican Republic
Euromonitor International's OTC Healthcare in Dominican Republic market report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.
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Tables: 88 | Publication date: May 2009
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Adult mouth care; Allergy care; Analgesics; Calming and sleeping products; Child-specific OTC healthcare; Cough; cold and allergy (hay fever) remedies; Digestive remedies; Ear care; Emergency contraception; Eye care; Medicated skin care; NRT Smoking cessation aids; OTC obesity; OTC statins; OTC triptans; Vitamins and dietary supplements; Wound treatments
Executive summary
Stable growth for the pharmaceutical market
As a whole the pharmaceutical environment in the Dominican Republic was stable in 2008 compared with 2007. The stability and steady growth is attributed to low dollar exchange rate fluctuations. Since the OTC healthcare market has a strong proportion of sales held by generics, contraband and forfeit products, prices must be competitive. Legal market players struggle to maintain competitive prices as a way to gain sales and increase volume and value shares in a very fragmented environment.
Contraband and counterfeit products affect legal market
Despite the efforts of the country’s customs department, contraband is still a very serious problem in the Dominican Republic. The chairman of Asociación Nacional de Duenos de Farmacias (Nacional Association of Pharmacy Owners) estimates that contraband and counterfeit account for over 20% of the pharmaceutical market. Income constraints have spurred the popularity of generic products, while further fuelling the illicit market, especially in uncertain economic times or as a cheap, and possibly dangerous, alternative to tested and certified products.
National companies increase competitiveness
Domestic production is estimated to satisfy around 50% of OTC healthcare demand in the Dominican Republic. The local industry is gaining competitiveness due to the increased acceptance of generic products, as well as legislation allowing the use of expired patents for well known drugs. Despite this, the market is highly impacted by dollar exchange rates, since local manufacturers import over 50% of their raw materials. Price rates are very important decision drivers for local consumers, and it is estimated that branded imported products have price differences of over 500% compared with local products of similar quality.
Distribution companies hold important mark-ups
Most national and foreign drug laboratories rely on third-party companies to distribute their products. These companies are estimated to add around 30% mark-ups over manufacturer’s prices for OTC products, while prescription products are affected by over 60% mark-ups, due mainly to promotional costs. High distribution expenses, additional to all the distribution chain mark-ups, have an important impact on final prices to consumers, further adding to the success of generics and contraband.
Slow but steady growth expected
The leading players are concerned with the ongoing global economic crisis, and predict lower growth rates for the forecast period. However, improved competitiveness of national laboratories, low national product penetration rates and the country’s recent stability should ensure slower but steady positive growth in coming years. Consumers are now much more educated and increasingly prefer standard drugs over traditional medicine. Boticas populares (state-owned small pharmacies offering generic medicines at low prices) have played a very important role in educating the population.
Table of contents
OTC HEALTHCARE IN DOMINICAN REPUBLIC : MARKET INSIGHT
EXECUTIVE SUMMARY
National companies increase competitiveness
Distribution companies hold important mark-ups
Slow but steady growth expected
MARKET INDICATORS
Table 1 Consumer Expenditure on Health Goods and Medical Services 2003-2008
Table 2 Life Expectancy at Birth 2003-2008
MARKET DATA
Table 3 Sales of OTC Healthcare by Sector: Value 2003-2008
Table 4 Sales of OTC Healthcare by Sector: % Value Growth 2003-2008
Table 5 OTC Healthcare Company Shares by Value 2004-2008
Table 6 OTC Healthcare Brand Shares by Value 2005-2008
Table 7 Penetration of Private Label by Sector 2003-2008
Table 8 Sales of OTC Healthcare by Distribution Format: % Analysis 2003-2008
Table 9 Sales of OTC Healthcare by Sector and Distribution Format: % Analysis 2008
Table 10 Forecast Sales of OTC Healthcare by Sector: Value 2008-2013
Table 11 Forecast Sales of OTC Healthcare by Sector: % Value Growth 2008-2013
APPENDIX
OTC Registration and Classification
Vitamins & Dietary Supplements Registration and Classification
Generics
Switches
DEFINITIONS
Summary 1 Summary - Research Sources
LOCAL COMPANY PROFILES - DOMINICAN REPUBLIC
ETHICAL PHARMACéUTICA SA - OTC HEALTHCARE - DOMINICAN REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 2 Summary - Ethical Pharmaceutical SA: Key Facts
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
Summary 3 Summary - Ethical Pharmaceutical SA: Competitive Position 2008
LABORATORIOS ALFA SA - OTC HEALTHCARE - DOMINICAN REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 4 Summary - Laboratorios Alfa CxA: Key Facts
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
Summary 5 Summary - Laboratorios Alfa CxA: Competitive Position 2008
LABORATORIOS FELTREX - OTC HEALTHCARE - DOMINICAN REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 6 Summary - Laboratorios Feltrex: Key Facts
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
LABORATORIOS MAGNACHEM CXA - OTC HEALTHCARE - DOMINICAN REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 7 Summary - Laboratorios Magnachem CxA: Key Facts
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
Summary 8 Summary - Laboratorios Magnachem CxA: Competitive Position 2008
SUIPHARM SA - OTC HEALTHCARE - DOMINICAN REPUBLIC
STRATEGIC DIRECTION
KEY FACTS
Summary 9 Summary - Suiphar SA: Key Facts
COMPANY BACKGROUND
PRODUCTION
COMPETITIVE POSITIONING
ANALGESICS IN DOMINICAN REPUBLIC
HEADLINES
TRENDS
SWITCHES
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 12 Sales of Analgesics by Subsector: Value 2003-2008
Table 13 Sales of Analgesics by Subsector: % Value Growth 2003-2008
Table 14 Herbal vs Standard Topical Analgesics 2003-2008
Table 15 Analgesics Company Shares by Value 2004-2008
Table 16 Analgesics Brand Shares by Value 2005-2008
Table 17 Forecast Sales of Analgesics by Subsector: Value 2008-2013
Table 18 Forecast Sales of Analgesics by Subsector: % Value Growth 2008-2013
COUGH, COLD AND ALLERGY (HAY FEVER) REMEDIES IN DOMINICAN REPUBLIC
HEADLINES
TRENDS
SWITCHES
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 19 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Subsector: Value 2003-2008
Table 20 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Subsector: % Value Growth 2003-2008
Table 21 Sales of Decongestants by Type: Value 2003-2008
Table 22 Sales of Decongestants by Type: % Value Growth 2003-2008
Table 23 Sales of Child-specific Cough, Cold and Allergy (Hay Fever) Remedies by Type: Value 2003-2008
Table 24 Sales of Child-specific Cough, Cold and Allergy (Hay Fever) Remedies by Type: % Value Growth 2003-2008
Table 25 Herbal vs Standard Cough, Cold and Allergy (Hay Fever) Remedies 2003-2008
Table 26 Cough, Cold and Allergy (Hay Fever) Remedies Company Shares by Value 2004-2008
Table 27 Cough, Cold and Allergy (Hay Fever) Remedies Brand Shares by Value 2005-2008
Table 28 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Subsector: Value 2008-2013
Table 29 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Subsector: % Value Growth 2008-2013
DIGESTIVE REMEDIES IN DOMINICAN REPUBLIC
HEADLINES
TRENDS
SWITCHES
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 30 Sales of Digestive Remedies by Subsector: Value 2003-2008
Table 31 Sales of Digestive Remedies by Subsector: % Value Growth 2003-2008
Table 32 Herbal vs Standard Digestive Remedies 2003-2008
Table 33 Digestive Remedies Company Shares by Value 2004-2008
Table 34 Digestive Remedies Brand Shares by Value 2005-2008
Table 35 Forecast Sales of Digestive Remedies by Subsector: Value 2008-2013
Table 36 Forecast Sales of Digestive Remedies by Subsector: % Value Growth 2008-2013
MEDICATED SKIN CARE IN DOMINICAN REPUBLIC
HEADLINES
TRENDS
SWITCHES
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 37 Sales of Medicated Skin Care by Subsector: Value 2003-2008
Table 38 Sales of Medicated Skin Care by Subsector: % Value Growth 2003-2008
Table 39 Herbal vs Standard Medicated Skin Care 2003-2008
Table 40 Forecast Sales of Medicated Skin Care by Subsector: Value 2008-2013
Table 41 Forecast Sales of Medicated Skin Care by Subsector: % Value Growth 2008-2013
VITAMINS AND DIETARY SUPPLEMENTS IN DOMINICAN REPUBLIC
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 42 Sales of Vitamins and Dietary Supplements by Subsector: Value 2003-2008
Table 43 Sales of Vitamins and Dietary Supplements by Subsector: % Value Growth 2003-2008
Table 44 Vitamins and Dietary Supplements Company Shares by Value 2004-2008
Table 45 Vitamins and Dietary Supplements Brand Shares by Value 2005-2008
Table 46 Vitamins Brand Shares by Value 2005-2008
Table 47 Dietary Supplements Brand Shares by Value 2005-2008
Table 48 Forecast Sales of Vitamins and Dietary Supplements by Subsector: Value 2008-2013
Table 49 Forecast Sales of Vitamins and Dietary Supplements by Subsector: % Value Growth 2008-2013
NRT SMOKING CESSATION AIDS IN DOMINICAN REPUBLIC
HEADLINES
TRENDS
SWITCHES
COMPETITIVE LANDSCAPE
PROSPECTS
EYE CARE IN DOMINICAN REPUBLIC
HEADLINES
SECTOR DATA
Table 50 Sales of Eye Care by Subsector: Value 2003-2008
Table 51 Sales of Eye Care by Subsector: % Value Growth 2003-2008
Table 52 Eye Care Company Shares by Value 2004-2008
Table 53 Eye Care Brand Shares by Value 2005-2008
Table 54 Forecast Sales of Eye Care by Subsector: Value 2008-2013
Table 55 Forecast Sales of Eye Care by Subsector: % Value Growth 2008-2013
EAR CARE IN DOMINICAN REPUBLIC
HEADLINES
SECTOR DATA
Table 56 Sales of Ear Care: Value 2003-2008
Table 57 Sales of Ear Care: % Value Growth 2003-2008
Table 58 Ear Care Company Shares by Value 2004-2008
Table 59 Ear Care Brand Shares by Value 2005-2008
Table 60 Forecast Sales of Ear Care: Value 2008-2013
Table 61 Forecast Sales of Ear Care: % Value Growth 2008-2013
ADULT MOUTH CARE IN DOMINICAN REPUBLIC
HEADLINES
SECTOR DATA
Table 62 Sales of Adult Mouth Care: Value 2003-2008
Table 63 Sales of Adult Mouth Care: % Value Growth 2003-2008
Table 64 Adult Mouth Care Company Shares by Value 2004-2008
Table 65 Adult Mouth Care Brand Shares by Value 2005-2008
Table 66 Forecast Sales of Adult Mouth Care: Value 2008-2013
Table 67 Forecast Sales of Adult Mouth Care: % Value Growth 2008-2013
CALMING AND SLEEPING PRODUCTS IN DOMINICAN REPUBLIC
HEADLINES
SECTOR DATA
Table 68 Forecast Sales of Calming and Sleeping Products: % Value Growth 2008-2013
Table 69 Sales of Calming and Sleeping Products: Value 2003-2008
Table 70 Sales of Calming and Sleeping Products: % Value Growth 2003-2008
Table 71 Calming and Sleeping Products Company Shares by Value 2004-2008
Table 72 Calming and Sleeping Products Brand Shares by Value 2005-2008
Table 73 Forecast Sales of Calming and Sleeping Products: Value 2008-2013
WOUND TREATMENTS IN DOMINICAN REPUBLIC
HEADLINES
SECTOR DATA
Table 74 Sales of Wound Treatments by Subsector: Value 2003-2008
Table 75 Sales of Wound Treatments by Subsector: % Value Growth 2003-2008
Table 76 Wound Treatments Company Shares by Value 2004-2008
Table 77 Wound Treatments Brand Shares by Value 2005-2008
Table 78 Forecast Sales of Wound Treatments by Subsector: Value 2008-2013
Table 79 Forecast Sales of Wound Treatments by Subsector: % Value Growth 2008-2013
EMERGENCY CONTRACEPTION IN DOMINICAN REPUBLIC
HEADLINES