Despite the initial rise in COVID-19 cases in early 2023, there is a noticeable trend towards a gradual decline and stabilisation in reported cases in Mexico. While the presence of this virus may persist in the years to come, its severity is expected to decrease substantially, akin to a common cold.
The approval of medicinal CBD usage has created avenues for innovation in topical analgesic formulations. By mid-2023, no topical analgesic/anaesthetic brand available in Mexico had incorporated this active ingredient.
Local consumers still face high rates of inflation and the aftermath of the economic shock that the pandemic represented, leading to a rise in the cost of living and the need to rationalise purchases. As such, this scenario should further push the shift towards more affordable brands and private label within analgesics over the forecast period.
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Understand the latest market trends and future growth opportunities for the Analgesics industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Analgesics
Analgesics cover systemic and topical pain relievers. Products which include a pain-relief ingredient in addition to another core function are excluded (e.g. a sore throat remedy which includes paracetamol is excluded from the analgesics and instead is included in pharyngeal remedies).
See All of Our DefinitionsThis report originates from Passport, our Analgesics research and analysis database.
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