Analgesics will register muted constant value growth over the forecast period. Analgesics are one of the more essential consumer health products and this will support volume sales and the population is predicted to grow and this should also ensure stable volume sales.
In recent years, pharmacy chains have been expanding beyond the prosperous regions around Baku to poorer and more remote areas and there will be further expansion of these chains over the forecast period. This will benefit consumers.
The Tariff Price Regulation Committee keeps tight control on prices and while it has promised to revise prices, in light of soaring inflation, nothing concrete has happened as yet. If this situation continues and companies’ profit margins continue to fall as a result, then there is the danger that foreign companies will pull out and this will lead to less competition and could be bad for the consumer in the long run.
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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 Definitions
This report originates from Passport, our Analgesics research and analysis database.
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