The rapid decrease in the birth rate will be a threat to the growth of producers of paediatric products over the forecast period. Thus, many companies in various industries, including food and apparel, are developing premium products to add to their ranges and increase their value sales, which is also likely to expand to consumer health.
Paediatric motion sickness remedies continued to experience declining sales in early 2022 due to home seclusion in line with a surge in COVID-19 cases, although the rate of decline is set to slow in comparison to the previous two years as restrictions are being relaxed. Therefore, the number of consumers visiting pharmacies to acquire travel-related treatments is likely to increase over the second half of the year and into 2023, including motion sickness remedies to prepare for their trips.
Sales of paediatric acetaminophen brand Tylenol for Child Tab from Janssen Korea Ltd (for Johnson & Johnson Inc) have been experiencing declines due to stock shortages as a result of panic buying and supply chain issues. However, in May 2022, the player launched Children’s Tylenol 160mg, a powder-type antipyretic analgesic targeting children.
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Understand the latest market trends and future growth opportunities for the Paediatric consumer health industry in South Korea 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.
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Paediatric consumer health
Products only specifically designed, marketed and labelled for children's symptoms. Include paediatric analgesics, paediatric cough, cold and allergy remedies, paediatric digestive remedies, paediatric medicated skin care, nappy (diaper) rash treatments, paediatric vitamins and dietary supplements.
See All of Our DefinitionsThis report originates from Passport, our Paediatric consumer health research and analysis database.
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