Sore losers: Price pressure and falling export earnings have hurt industry revenue

Operators in the Pain Medication OTC Manufacturing industry manufacture over-the-counter (OTC) pharmaceutical products that treat mild to moderate pain. The industry also includes other non-prescription pain-relief products. Rising confidence surrounding self-medication and the growing range of pain-relief products available have boosted industry demand over the past five years. The ageing of Australia's population has also boosted industry demand over the period, as OTC pain-relief products are often used to treat the recurring aches and pains associated with ageing.However, rising concerns over compound analgesic use and codeine abuse have encouraged the government to tighten regulations on these products, reducing industry revenue over the past five more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Stricter local regulations are negatively affecting the industry’s performance
  • Low-price private-label products are taking market share from branded products
  • Ongoing regulatory scheduling changes are expected to significantly affect the industry
  • Industry Report - Industry Products Chapter

    Three main types of pain-relief medication are available to Australian consumers: analgesics, non-steroidal anti-inflammatory drugs (NSAIDs), and narcotic (opioid-based) analgesics. The first two of these types can be sold over the counter (OTC), but may also be prescribed in some instances. However, a prescription is required for narcotic analgesics, as these products are considerably stronger and potentially addictive. Regulatory controls still exist with OTC medication, given the potential side effects associated with long-term usage, overdosing or usage for non-medical purposes. Most pain-relief products currently available without a prescription started as prescription medication, usually in a higher dosage...purchase to read more.

    Additional Insights for the Pain Medication OTC Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Pain Medication OTC Manufacturing are:

  • Economies of scale
  • Establishment of brand names
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Population aged 50 and older in the Pain Medication OTC Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Top 500 Companies List
    has been released

    Click here for more

    What's in this report

    What is the Pain Medication OTC Manufacturing Industry?

    Industry companies research and develop over-the-counter (OTC) pain-relief medication. Products manufactured by the industry are available without a prescription from pharmacy and grocery shops. Prescription narcotic and opioid analgesics are not included in the industry.

    Industry Products
  • Salicylates
  • Propionic acid derivatives
  • Acetaminophens
  • Other non-steroidal anti-inflammatory drugs
  • Industry Activities
  • Manufacturing acetaminophen-based pain suppressants
  • Manufacturing non-steroidal-anti-inflammatory pain suppressants
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Population aged 50 and older
  • Total visits to a general practitioner
  • Federal funding for the Pharmaceutical Benefits Scheme

  • Current Performance
  • International trade profile
  • Changing industry face
  • Changing demand patterns
  • Chart: Revenue Growth

  • Industry Outlook
  • Regulatory reforms
  • Ongoing consolidation
  • Table: Pain Medication OTC Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pain Medication OTC Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • General Hospitals
  • Health Services
  • Supermarkets and Grocery Stores
  • Pharmacies

  • Key Selling Industries
  • Basic Inorganic Chemical Manufacturing
  • Medical and Scientific Equipment Wholesaling
  • Pharmaceutical Product Manufacturing

  • Products & Services
  • Acetaminophens
  • Other non-steroidal anti-inflammatory drugs
  • Propionic acid derivatives
  • Salicylates
  • Chart: Pain Medication OTC Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Pharmacies
  • Export markets
  • Supermarkets
  • Other
  • Chart: Major Market Segmentation for the Pain Medication OTC Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Pain Medication OTC Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pain Medication OTC Manufacturing Industry

  • Industry Globalization
    GlaxoSmithKline Holdings Pty Ltd,
  • Table: GlaxoSmithKline Holdings Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pain Medication OTC Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pain Medication OTC Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    General Sales Medicines (Gsm)
  • Analgesics which are unscheduled and can be sold outside of a pharmacy such as via grocery channels.
  • Nsaids
  • Non-steroidal anti-inflammatory drugs are the most common type of analgesic.
  • Otc
  • Over-the-counter refers to medication that is brought at a retail location without a prescription.
  • Pbs
  • The Pharmaceutical Benefits Scheme was introduced in 1950 to subsidise the cost of drugs for consumers.
  • Schedule 2 Pharmacy Medicines
  • Non-prescription analgesics that can only be sold in a pharmacy.
  • Schedule 3 Pharmacist-Only Medicines
  • Non-prescription analgesics sold through a pharmacy on the provision of pharmacist advice.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pain Medication OTC Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pain Medication OTC Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pain Medication OTC Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pain Medication OTC Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.