Analgesics in Slovakia - New Market Study Published

From: Fast Market Research, Inc.
Published: Sun Aug 09 2015

All types of analgesics were popular among Slovak consumers as they were used to suppressing the symptoms of common diseases such as headache, for other pain relief in different parts of human body and easing muscle and joint pain. A rising trend of not visiting the doctor when consumers had to face these conditions was evident as they chose to use over-the-counter drugs. Only if a patientís condition became more serious and a higher content of the active ingredient was needed, did visiting a doctor to obtain a prescription drug come into play. In 2014, analgesics was the second largest OTC category, accounting for 24% share of overall value sales.

Competitive Landscape

The leading player of analgesics was Zentiva, holding 50% value share in 2014. The company benefited from the strong position of its brands Paralen, Acylpyrin and Ibalgin which have been present for a long time and were strongly promoted at the beginning of the review period. Therefore, many Slovak consumers knew these brands very well, have often tried them out and have positive experience with them which results in their high demand.

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Industry Prospects

Analgesics is not expected to witness any significant changes in value growth over the forecast period as the category is mature with quite stable consumption. A value CAGR of 3% at constant 2014 prices is predicted for the forecast period. The category will continue to benefit from the strengthening self-medication trend and consumersí preferable use of OTC analgesics rather than prescription drugs, while unit prices of OTCs are not expected to increase until 2019 which consumers will welcome.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Analgesics industry in Slovakia 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 Slovakia, our research will save you time and money while empowering you to make informed, profitable decisions.

The?Analgesics in?Slovakia 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 Slovakia?
* What are the major brands in Slovakia?

About Fast Market Research

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You may also be interested in these related reports:

- Analgesics in Japan
- Analgesics in Denmark
- Analgesics in Ireland
- Analgesics in New Zealand
- Analgesics in France

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