While generic medicines are commonplace in the Philippines, in the past they have generally been confined to Rx medicines, with generic OTC products far less common. However, recent years have seen a significant increase in consumer interest in generic OTC products and this can be seen as the result of the supply shortages that emerged at the peak of the COVID-19 pandemic, when global supply chains were disrupted to a large extent.
The changes that have been seen in the lifestyles of many Filipinos as the impact of the COVID-19 pandemic has receded are expected to continue being positive for sales of analgesics during the forecast period. Recently, many consumers ae now facing much more pressure on their time on a daily basis as they return to their pre-pandemic ways of life.
The ageing of the Philippine population is set to remain one of the most important factors supporting sales growth in analgesics during the forecast period. While the Philippines is not facing a so-called “population time bomb” as many European countries for instance currently are, there are now more middle-aged and elderly people among the local population than ever before.
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Understand the latest market trends and future growth opportunities for the Analgesics industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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