Analgesics will register moderate constant value growth over the forecast period with there being ample room for growth within the category as well as opportunity for further segmentation. For example, this could lead to the launch of analgesics that are targeted to provide pain relief for issues such as menstrual pain, joint pain, headaches, or digestive pain.
Changes in government policy in the coming years could be set to affect retail value sales for analgesics over the forecast period. Taiwan has an excellent public health system, which has dampened value sales for analgesics over the years.
There is a long-standing cultural tradition of using medicinal herbs in Taiwan and even today, herbal/traditional products is still a significant product area of analgesics. As such, players in this category are anticipated to capitalise on this knowledge and launch analgesic products with added herb ingredients.
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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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