Fast Market Research recommends "Analgesics in Spain" from Euromonitor International, now available
Boston, MA -- (SBWIRE) -- 08/25/2014 -- Sales of analgesics in Spain were severely affected by the economic recession, which hit the country hard for another year during 2013. With the unemployment rate peaking at 27% at the beginning of the year, analgesics was one of the most affected categories. Another factor which drove down value sales was the expansion of generics, which became popular in certain OTC categories. These offer a much more affordable option than branded products, which drove down average unit prices. As a result, analgesics declined by 6% in current value terms in 2013, to reach EUR228 million.
The competitive landscape in analgesics remained quite fragmented during 2013 in Spain, with the leading and second players, Abbott Laboratories and Laboratorios Gelos, accounting for a combined value share of 22%. The main player in 2013, as in the review period, remained Abbott Laboratories, with a value share of 12%. The company led thanks to the popularity of the brand Brufen, a reference brand in the Spanish market.
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The poor economic projections for the Spanish economy will continue to shape the future of consumer health in Spain. Value sales of analgesics are expected to decline over the forecast period, with a negative CAGR of 1% at constant 2013 prices. Although a slightly better performance compared with the review period, as some analgesics have been switched to OTC, consumers are expected to remain cautious in their spending, therefore opting for lower-priced generics in a bid to save money.
Discover the latest market trends and uncover sources of future market growth for the Analgesics industry in Spain 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 Spain, our research will save you time and money while empowering you to make informed, profitable decisions.
The Analgesics in Spain 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 Spain?
- What are the major brands in Spain?
- Are combination products with acetaminophen still popular?
Reasons to Get this Report:
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
Product coverage: Systemic Analgesics, Topical Analgesics/Anaesthetic.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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