Analgesics is set to maintain solid retail current value growth rates in South Korea throughout the forecast period, with increases anticipated across all categories. Due to low medical costs, high accessibility to healthcare, and extensive health insurance coverage, the demand for emergency OTC medications sold at convenience stores has not been as high as expected, and this trend is expected to continue to affect analgesics.
Quality assurance is crucial in paediatric analgesics. Once trust is broken, parents share their experiences, and are slow to regain confidence.
Emergency OTC medications such as analgesics experience demand for delivery services, but these are not operated for most products in South Korea. In neighbouring countries, especially Japan, even prescribed medications are delivered.
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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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