All categories within analgesics are predicted to see current value growth over the forecast period, with acetaminophen set to see the strongest absolute growth. Analgesics is expected to continue witnessing high and rising demand due to the continuous spread of illnesses and chronic diseases in Saudi Arabia, also supported by increased health awareness, longer life expectancy, the growing population, and a rising number of visitors to the Kingdom.
The Saudi government aims to diversify its economy, provide employment opportunities, and attract foreign investment through Vision 2030, localising manufacturing in Saudi Arabia and driving an increase in local production from 20% to 40%. In fact, in February 2021, it was announced that from 2024 onwards Saudi Arabia would no longer sign contracts with foreign firms unless they set up a headquarters in the Kingdom.
E-commerce will become increasingly important for Saudi consumers over the forecast period. This will also be reflected in analgesics, with online sales of such products permitted by law in the Kingdom, and expected to rise.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Analgesics industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Analgesics industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!