Analgesics in China: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue May 12 2015

Despite the economic slowdown and consumers’ increasing rational in allocating disposable income, demand for analgesics remained steady in 2014, leading to the strong value growth. This could possibly be attributed to the accelerated pace of life and busier lifestyles, particularly in the urban market, resulting in the stable consumer demand for analgesics to alleviate various body pains.

Competitive Landscape

Yunnan Baiyao Group Co Ltd, benefiting from its long presence in the analgesics category in China, continued to lead with a value share of 15% in 2014. Even with high brand awareness in the domestic market, the company has also been aggressive in marketing and advertising, continuing to build up its brand awareness, especially among young consumers. On the other hand, the company is able to meet consumers’ changing needs, launching topical analgesics in a spray format, for instance, to attract young consumers.

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Industry Prospects

Analgesics is forecast to experience a steady value CAGR of 5% at constant 2014 prices from 2014 to 2019 due to the stable demand, especially for topical analgesics, in China. Despite a bigger base, topical analgesics is still expected to register a higher forecast value CAGR than systemic analgesics, driven by local consumers’ greater confidence in self-medicating their topical pains.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Analgesics industry in China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Analgesics industry in China, our research will save you time and money while empowering you to make informed, profitable decisions.

The?Analgesics in?China market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Analgesics in China?
* What are the major brands in China?
* Are combination products with acetaminophen still popular?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

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