The Colombian population is ageing. Over the forecast period, the population aged 65+ is expected to see much faster growth than the total population.
Branded OTC analgesics are expected to continue to lead retail value sales, but the demand for generics is anticipated to accelerate, with price being the main factor in many consumers’ purchasing decisions. In Colombia, physicians must prescribe the active principle and not a particular brand, which also creates space for generics.
Cooperativa Nacional De Droguistas Detallistas Coopidrogas, a cooperative with approximately 6,000 members nationwide, has played a significant role in the development and growth of private label in analgesics. While its share remains marginal, private label’s retail value sales have more than doubled over the review period.
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Understand the latest market trends and future growth opportunities for the Analgesics industry in Colombia 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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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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