As consumer health awareness continues to evolve in Hong Kong, analgesics is facing greater competition from traditional Chinese medicine (TCM) or vitamins and dietary supplements as preventive healthcare alternatives. Driven by a growing emphasis on the adverse side effects of Western medicine, health-conscious consumers are increasingly turning to TCM formulations to address the root causes of ailments, rather than solely relying on analgesics for pain relief or symptomatic treatment.
The demand for non-steroidal anti-inflammatory drugs (NSAIDs), such as ibuprofen and aspirin, is expected to slow in Hong Kong over the forecast period. This shift is driven by rising concerns over the potential adverse side effects associated with prolonged NSAID use.
Hong Kong’s consumers have become increasingly cost-conscious amidst the gradual return of international travel, which may lead to a rise in cross-border purchases. Reopened borders have enabled cost-conscious consumers from Hong Kong to take advantage of the proximity and lower price points of products available at warehouse clubs, such as Sam's Club in Shenzhen.
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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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