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Learn moreNov 2020
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The outbreak of COVID-19 encouraged consumers to purchase analgesics in Q1 and Q2 of 2020, through fear of catching the virus, with many consumers concerned that the pandemic would cause supply issues. This is set to result in positive value growth for acetaminophen and ibuprofen, with adult aspirin moving from negative growth in 2019 to predicted positive growth in 2020.
Due to the outbreak of COVID-19, consumers suffering from minor symptoms have been avoiding visiting doctors. As such, this is leading to a decline of Rx prescription analgesics, a factor which is boosting OTC sales in 2020.
Tylenol and Advil are both set to record positive value growth in 2020, with the outbreak of COVID-19 increasing sales. Although Tylenol is the best-selling acetaminophen, the product has a high portion of prescription users, which allows consumers to access Tylenol at a much lower price.
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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.
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This industry report originates from Passport, our Consumer Health market research database.
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.