The two key market drivers in terms of OTC analgesic sales over
the review period have been the government's promotion of
self-medication for minor ailments, which is linked to its desire
to take pressure off GPs and manifested in a continuing switch of
medicaments from pharmacy-only to general sales status, and the
abolition of retail price maintenance (RPM) in 2001. Consumer
healthcare was the last bastion of price-protection in the UK and
the ending of RPM has been instrumental in completing the
transformation of the OTC medicines market into a fully-fledged
consumer market, regarded by manufacturers as functioning in a
similar manner to mainstream fmcg markets. This has resulted in new
formats and stronger formulations and has produced some intensive
marketing, with branded manufacturers anxious to stem the rising
trend towards own-label. Added-value propositions, however, have
proved elusive in such a commodity market in which demand tends to
be constant from one year to the next and driven largely by
need.
The two key market drivers in terms of OTC analgesic sales over
the review period have been the government's promotion of
self-medication for minor ailments, which is linked to its desire
to take pressure off GPs and manifested in a continuing switch of
medicaments from pharmacy-only to general sales status, and the
abolition of retail price maintenance (RPM) in 2001. Consumer
healthcare was the last bastion of price-protection in the UK and
the ending of RPM has been instrumental in completing the
transformation of the OTC medicines market into a fully-fledged
consumer market, regarded by manufacturers as functioning in a
similar manner to mainstream fmcg markets. This has resulted in new
formats and stronger formulations and has produced some intensive
marketing, with branded manufacturers anxious to stem the rising
trend towards own-label. Added-value propositions, however, have
proved elusive in such a commodity market in which demand tends to
be constant from one year to the next and driven largely by
need.
Other Mintel reports of relevance include:
- Analgesics, Market Intelligence, September 2002 - Cold and Flu Remedies, Market Intelligence, September
2002.
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The vitamins and supplements market has traditionally benefited from consumers’ growing interest in self- diagnosis and self-medication of ailments and in looking after their health to prevent illness. This includes taking dietary supplements to ensure they are getting all the nutrients they need.
The widening of distribution has benefited sales through grocers and drugstores at the expense of chemists.
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