Boston, MA -- (ReleaseWire) -- 06/10/2014 -- Analgesics recorded 4% value growth in 2013. Even though paediatric analgesics decreased by 2% in value terms, adult systemic analgesics and topical analgesics helped to maintain positive overall category growth. Due to a safety issue, Tylenol for Children's sales plunged as the product was discontinued during 2013. Paediatric acetaminophen also decreased by 38% in value terms in the year.
Pacific Pharmaceutical Co Ltd maintained the leading position with a 17% value share in 2013. Its best-selling brand, Ketotop, continued to record strong performance with 8% actual value growth. The second largest player is also a manufacturer of topical analgesics, SK Chemicals Co Ltd. The company recorded 7% value growth in 2013 due to the positive environment of the topical analgesics category.
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Analgesics is expected to increase by a CAGR of 1% in constant value terms over the forecast period. Paediatric analgesics is expected to increase by a CAGR of 2% in constant value terms as sales of Tylenol for Children recover. Topical analgesics will also continue to increase to 2018.
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The Analgesics in South Korea market research report includes:
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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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