Demand for analgesics will rebound strongly in 2023, with the rate of growth in retail constant value sales gradually easing over the remainder of the forecast period. Urbanisation and accelerating consumer lifestyles will remain a key factor driving growth, as elevated stress levels boost demand for these products.
Adult acetaminophen is expected to underperform during the forecast period. This will be due in large part to the cumulative effect of government warnings regarding the risk of overdosing on adult acetaminophen.
Additional growth is expected for domestic brands during the forecast period. In 2018 the Vietnamese government launched a new regulation that requires the hospitals channel to give priority to domestic brands as way to support the country’s local players, and subsequently their distribution to the hospitals channel has increased.
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Understand the latest market trends and future growth opportunities for the Analgesics industry in Vietnam 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 Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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