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Country Report

Analgesics in

Analgesics in South Korea

21 pages, Feb 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Harsh environment positively affects demand for analgesics

While sales during the flu season and emergency-use purchases remain the main revenue sources for analgesics, environmental issues influence the demand for analgesics. With air pollution becoming more severe and extremely cold winters, frequent health issues call for OTC analgesics.

Patch topical analgesics/anaesthetic dominate value sales

Topical analgesics/anaesthetic saw minimal development in 2018. Consumers in South Korea still prefer patches over lotions or gels, which can stain clothes.

Liquid/gel analgesics see consumer demand and manufacturer-led development

Since the successful launch of Advil Liqui-Gels in 2013, domestic manufacturers have competed by introducing liquid gel ibuprofen in soft capsules. Liquid/gel types are preferred by consumers who seek immediate results.

COMPETITIVE LANDSCAPE

Domestic manufacturers enjoy a strong presence in analgesics

Handok continued to lead analgesics in retail value share terms in 2018, followed by Yuhan. Among the top five manufacturers in 2018, four were domestic manufacturers.

New product development is not strong in analgesics

Analgesics is one of the most mature categories in consumer health in South Korea. Therefore, new product development is not as active as in many other categories, although some efforts are seen in this direction.

Acetaminophen ER products face safety concerns

In March 2018, the Ministry of Food and Drug Safety advised against the overuse of Tylenol ER (Extended Release) Tablet, which claims to be long-lasting by dissolving slowly. This decision was based on the European Commission’s suspension of the marketing of acetaminophen ER products.

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Analgesics Market Sample Report Analgesics Market Sample Data

Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Analgesics industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Analgesics industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Analgesics in South Korea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Analgesics in South Korea?
What are the major brands in South Korea?
Are combination products with acetaminophen still popular?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Consumer Health market research database.

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Analgesics in South Korea - Category analysis

HEADLINES

PROSPECTS

Harsh environment positively affects demand for analgesics

Patch topical analgesics/anaesthetic dominate value sales

Liquid/gel analgesics see consumer demand and manufacturer-led development

COMPETITIVE LANDSCAPE

Domestic manufacturers enjoy a strong presence in analgesics

New product development is not strong in analgesics

Acetaminophen ER products face safety concerns

CATEGORY DATA

Table 1 Sales of Analgesics by Category: Value 2013-2018
Table 2 Sales of Analgesics by Category: % Value Growth 2013-2018
Table 3 Sales of Topical Analgesics/Anaesthetic by Format: % Value 2013-2018
Table 4 NBO Company Shares of Analgesics: % Value 2014-2018
Table 5 LBN Brand Shares of Analgesics: % Value 2015-2018
Table 6 Forecast Sales of Analgesics by Category: Value 2018-2023
Table 7 Forecast Sales of Analgesics by Category: % Value Growth 2018-2023

Consumer Health in South Korea - Industry Overview

EXECUTIVE SUMMARY

Consumer preference and taste impacts performance

Consumer health posts more moderate retail value sales growth in 2018

Korea Ginseng leads consumer health in 2018

Dynamic distribution for vitamins and dietary supplements

Consumer health is approaching maturing

MARKET INDICATORS

Table 8 Consumer Expenditure on Health Goods and Medical Services: Value 2013-2018
Table 9 Life Expectancy at Birth 2013-2018

MARKET DATA

Table 10 Sales of Consumer Health by Category: Value 2013-2018
Table 11 Sales of Consumer Health by Category: % Value Growth 2013-2018
Table 12 NBO Company Shares of Consumer Health: % Value 2014-2018
Table 13 LBN Brand Shares of Consumer Health: % Value 2015-2018
Table 14 Distribution of Consumer Health by Format: % Value 2013-2018
Table 15 Distribution of Consumer Health by Format and Category: % Value 2018
Table 16 Forecast Sales of Consumer Health by Category: Value 2018-2023
Table 17 Forecast Sales of Consumer Health by Category: % Value Growth 2018-2023

Megatrends

Country Report

Analgesics in South Korea

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Harsh environment positively affects demand for analgesics

Patch topical analgesics/anaesthetic dominate value sales

Liquid/gel analgesics see consumer demand and manufacturer-led development

COMPETITIVE LANDSCAPE

Domestic manufacturers enjoy a strong presence in analgesics

New product development is not strong in analgesics

Acetaminophen ER products face safety concerns

Samples

Overview

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Samples (FAQs about samples):

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Table of Contents

Analgesics in South Korea - Category analysis

HEADLINES

PROSPECTS

Harsh environment positively affects demand for analgesics

Patch topical analgesics/anaesthetic dominate value sales

Liquid/gel analgesics see consumer demand and manufacturer-led development

COMPETITIVE LANDSCAPE

Domestic manufacturers enjoy a strong presence in analgesics

New product development is not strong in analgesics

Acetaminophen ER products face safety concerns

CATEGORY DATA

Consumer Health in South Korea - Industry Overview

EXECUTIVE SUMMARY

Consumer preference and taste impacts performance

Consumer health posts more moderate retail value sales growth in 2018

Korea Ginseng leads consumer health in 2018

Dynamic distribution for vitamins and dietary supplements

Consumer health is approaching maturing

MARKET INDICATORS

MARKET DATA

APPENDIX

OTC registration and classification

Vitamins and dietary supplements registration and classification

Self-medication/self-care and preventive medicine

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