The impact of the 19 pandemic on sales of consumer health products in Saudi Arabia was not as pronounced as in many other countries for the simple reason that many OTC products in Saudi Arabia are covered by health insurance policies. This means that many people rarely, if ever purchase their OTC products at full price via normal retail channels. Consumer...
COVID-19 has had a devastating impact on the consumer health market in Hong Kong. Key to this has been border closures. Hong Kong’s consumer health market relies heavily on mainland Chinese tourist inflows, which generate around 20-30% of total sales. These consumers cross the border to purchase health products in Hong Kong because Hong Kong...
The COVID-19 pandemic is not having the same drastic impact on consumer health as seen with other industries in 2020. The industry has been allowed to continue its operations because it produces and sells necessity products, some of which have increased in demand in response to the outbreak of the virus. Likewise, the key retail distributors...
The Malaysian Government implemented the Movement Control Order (MCO) from 18 March to 4 May in an effort to contain the spread of the COVID-19 pandemic in the country. There followed the Conditional Movement Control Order (CMCO) – between 4 May and 10 June, and the Recovery Movement Control Order (RMCO) – between 10 June and 31 August. All...
The measures taken to control COVID-19 have had a significant impact on consumer health in Portugal, with consumers pushed to take a more proactive approach to their health. The impact started to be felt in March with consumer fears and concerns being heightened by reports of widespread cases of COVID-19 in neighbouring Spain. Consumer...
COVID-19’s arrival in Finland has been affecting consumer health categories differently. Many saw sales soar during lockdown as Finns stockpiled, with acetaminophen demand enhanced by media reports that the product helps tackle symptoms of COVID-19. Similarly, many more smokers have purchased smoking cessation aids in response to news articles...
Consumer health in Slovakia is expected to show considerable resilience in response to the COVID-19 pandemic. Despite troubling economic circumstances, many consumers saw consumer health products as indispensable and continued to buy them despite decreasing incomes. Initial stockpiling in March did cause some product shortages, particularly...
The outbreak of COVID-19 is expected to lead to an increase in growth for 2020, with 4% value growth predicted, compared to 3% in 2019. Much of this higher growth will be due to panic buying and stockpiling of goods, with consumers in Q1 and Q2 of 2020, keen to ensure they had goods they deemed as essentials in the home. Consumer...
Consumer health is expected to see slightly higher current value growth in 2020 than was seen in 2019, with COVID-19 expected to be one of the main factors dictating growth in Uruguay. While the COVID-19 outbreak in Uruguay had little impact in terms of infections and deaths due to the country’s good healthcare system, locals’ concern about...
With Kenyans mired in the COVID-19 pandemic, it is perhaps not surprising that value sales of consumer health products are set to rise in 2020 at a rate higher than those recorded during the review period. Broadly, a pandemic-inspired heightened focus on maintaining/improving health is driving greater interest in over the counter (OTC) health...