Topical analgesics/anaesthetic suffered a significant decline in 2020 due to the absence of tourist spending, given the compulsory hotel quarantine arrangement for inbound travellers to Hong Kong implemented since 2020; this was lifted only in September 2022. Tourist spending used to be a significant source of sales of such products prior to the pandemic, particularly for some brands that are popular amongst mainland tourists, such as Tiger Balm and Wong To Yick.
The demand for non-steroidal anti-inflammatory drugs (NSAIDs), such as ibuprofen and aspirin, is likely to slow or even decline over the next few years. Although demand for ibuprofen was gaining momentum in 2022 to treat COVID-19-related symptoms, such as high temperature, this trend is unlikely to continue.
The rising penetration of e-commerce since the emergence of the pandemic also benefited analgesics, with the online availability of analgesics increasing sharply since 2020, although the share of distribution remains low. Leading companies such as GSK Consumer Healthcare, Haw Par Healthcare and Fortune Pharmacal have entered HKTVmall with flagship stores, actively embracing the leading shopping and entertainment e-commerce platform in Hong Kong.
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Understand the latest market trends and future growth opportunities for the Analgesics industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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