During supply shortages many Philippine consumers were forced to rely on lesser-known brands as well as generic alternatives of paracetamol rather than the leading brands. Usage of these brands has likely made consumers more open to using these usually lower-cost products as they have realised that such solutions are as effective as their more well-known competitors despite a lack of long-established familiarity.
The dramatic changes that were seen in the lifestyles of many Filipinos during the COVID-19 pandemic were not entirely positive for sales of analgesics. As consumers no longer faced daily pressures associated with their hectic lifestyles such as commuting to and from work on public transport every day and attempting to find some semblance of balance in their busy professional and social lives, many had less need for analgesics as they no longer experienced headaches and other physical side-effects of excessive daily stress.
One major factor that is expected to support sales growth in analgesics during the forecast period is the ageing of the Philippine population. Dramatic improvements in healthcare for local people in recent decades have had a positive impact on life expectancy, while the slowing birth rate and the sheer size of the country’s baby boomer population are all major factors contributing to the ageing of the Philippine population.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
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.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Analgesics industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!