The market for analgesics in Nigeria is poised for steady expansion in constant value terms (2024 prices) over the forecast period, supported by an increase in formal employment and improved economic stability. Despite current economic pressures leading to higher unit prices and reduced consumer spending, the persistent prevalence of common ailments such as malaria, typhoid fever, and chronic pain conditions will sustain their demand.
Adult acetaminophen is projected to lead in terms of sales value within analgesics due to its reputation for efficacy and safety, and compatibility with other medications, such as anti-malaria drugs. Its established popularity, ease of purchase, and affordability will drive its continued strong performance.
Economic challenges are expected to continue limiting the performance of analgesics over the forecast period. The 2023 exit of GlaxoSmithKline Plc from direct Nigerian operations – to focus on a third party import structure - highlights the tough conditions faced by companies in the region.
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Understand the latest market trends and future growth opportunities for the Analgesics industry in Nigeria 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.
If you're in the Analgesics industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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