Analgesics in the Czech Republic - New Market Report

From: Fast Market Research, Inc.
Published: Mon Apr 20 2015

Analgesics belong amongst the most prevalent and popular types of OTC products in the Czech Republic as they offer a quick and effective way to alleviate a wide range of common pains, such as headache, backache or menstrual period pain. It can be said that analgesics are not absent in any Czech medicine chest cabinet. In 2014, analgesics was the second largest OTC category, accounting for 23% of overall value sales.

Competitive Landscape

Zentiva remained the clear leader of analgesics, accounting for a 33% value share in 2014. The company’s success lies in its wide product portfolio within analgesics and in its strong, well-established brands. The most successful Zentiva’s brands include Ibalgin and Paralen, which led sales of analgesics with respective value shares of 20% and 12% in 2014. Both these brands enjoy strong consumer loyalty and trust amongst Czech consumers thanks to their longstanding presence on the market. In addition, these two brands are practically synonymous with the names acetaminophen (Paralen) and ibuprofen (Ibalgin) for some Czechs.

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Industry Prospects

Analgesics is expected to see healthy growth of 11% in value sales with a CAGR of 2% at constant 2014 prices over the forecast period, which is a faster pace than the growth seen over the review period. This dynamic performance will be driven mainly by rising demand for analgesics amongst Czech consumers, being supported by the rising trend of self-medication and current hectic lifestyles with lack of motion. In addition, sales will be supported by an expected increase in unit prices of analgesics towards the end of the forecast period.

Report Overview

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

The Analgesics in Czech Republic 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 Czech Republic?
* What are the major brands in Czech Republic?

About Fast Market Research

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