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Consumer Health in Venezuela

Consumer Health in Venezuela

Foreign exchange controls, currency quotas and price controls enacted by the Venezuelan government have resulted in severe shortages of food and medicines. During the years of abundant financial resources, Venezuelans were willing to live within the limits imposed by the government, but now the country has compromised future revenues from oil exports. As a result, the value of the domestic currency has plunged dramatically in the first semester of 2017, while import restrictions and high inflati...

Euromonitor International's Consumer Health in Venezuela report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2012-2016, allowing you to identify the sectors driving growth. Forecasts to 2021 illustrate how the market is set to change.

Product coverage: Allergy Care, Herbal/Traditional Products, OTC, Paediatric Consumer Health, Sports Nutrition, Vitamins and Dietary Supplements, Weight Management and Wellbeing.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Consumer Health market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.


CONSUMER HEALTH IN VENEZUELA
Euromonitor International
November 2017
LIST OF CONTENTS AND TABLES
Executive Summary
Shortages of Medicines Approach Humanitarian Crisis Levels
Negative Growth Rates Continue To Limit Supply in 2017
Multinational Players Are Largely Absent in 2017
Drugstores/parapharmacies Lead Retail Distribution
Future Performance Hinges on Macroeconomic and Industrial Policies
Market Indicators
Table 1 Consumer Expenditure on Health Goods and Medical Services: Value 2012-2017
Table 2 Life Expectancy at Birth 2012-2017
Market Data
Table 3 Sales of Consumer Health by Category: Value 2012-2017
Table 4 Sales of Consumer Health by Category: % Value Growth 2012-2017
Table 5 NBO Company Shares of Consumer Health: % Value 2013-2017
Table 6 LBN Brand Shares of Consumer Health: % Value 2014-2017
Table 7 Distribution of Consumer Health by Format: % Value 2012-2017
Table 8 Distribution of Consumer Health by Format and Category: % Value 2017
Table 9 Forecast Sales of Consumer Health by Category: Value 2017-2022
Table 10 Forecast Sales of Consumer Health by Category: % Value Growth 2017-2022
Appendix
OTC Registration and Classification
Vitamins and Dietary Supplements Registration and Classification
Self-medication/self-care and Preventive Medicine
Switches
Sources
Summary 1 Research Sources
Headlines
Prospects
Foreign Exchange Controls and Price Adjustments
Systemic Analgesics Lead
Environment Favours Sales of Acetaminophen
Competitive Landscape
Two Domestic Companies Lead Analgesics
Two Multinationals Follow at A Distance
Generics Increasingly Popular But With Limited Availability
Category Data
Table 11 Sales of Analgesics by Category: Value 2012-2017
Table 12 Sales of Analgesics by Category: % Value Growth 2012-2017
Table 13 Sales of Topical Analgesics/Anaesthetic by Format: % Value 2012-2017
Table 14 NBO Company Shares of Analgesics: % Value 2013-2017
Table 15 LBN Brand Shares of Analgesics: % Value 2014-2017
Table 16 Forecast Sales of Analgesics by Category: Value 2017-2022
Table 17 Forecast Sales of Analgesics by Category: % Value Growth 2017-2022
Headlines
Prospects
Fewer Brands Available As Companies Focus on Best-selling Products
Restricted Budgets Impact Volume Sales
Herbal Products Perceived To Be Natural Solutions
Competitive Landscape
Domestic Companies Dominate
Small Category With Consistent Brand Positioning and Marketing
Increasing Popularity of Private Label
Category Data
Table 18 Sales of Sleep Aids: Value 2012-2017
Table 19 Sales of Sleep Aids: % Value Growth 2012-2017
Table 20 NBO Company Shares of Sleep Aids: % Value 2013-2017
Table 21 LBN Brand Shares of Sleep Aids: % Value 2014-2017
Table 22 Forecast Sales of Sleep Aids: Value 2017-2022
Table 23 Forecast Sales of Sleep Aids: % Value Growth 2017-2022
Headlines
Prospects
Herbal Ingredients and Non-specific Products Increasingly the Focus of Companies
Value Growth Attributable To Higher Average Unit Prices
Allergy Remedies Underdeveloped With Limited Availability
Competitive Landscape
Laboratorios Roemmers-klinos Ca Leads
Domestic Companies Enjoy Strong Positions
Low Level of Company Activity Expected
Category Data
Table 24 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2012-2017
Table 25 Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2012-2017
Table 26 Sales of Decongestants by Category: Value 2012-2017
Table 27 Sales of Decongestants by Category: % Value Growth 2012-2017
Table 28 NBO Company Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2013-2017
Table 29 LBN Brand Shares of Cough, Cold and Allergy (Hay Fever) Remedies: % Value 2014-2017
Table 30 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: Value 2017-2022
Table 31 Forecast Sales of Cough, Cold and Allergy (Hay Fever) Remedies by Category: % Value Growth 2017-2022
Headlines
Prospects
All Categories Record Volume Decline
Imports of Clotrimazol on the Rise
No New Products Or Switches in 2017
Competitive Landscape
Bayer Leads With High-quality, Trusted Brands and Local Manufacturing Facilities
Strong Presence and Brand Names Benefit Domestic Companies
Price Controls and Supply Challenges Restrict Private Label's Presence
Category Data
Table 32 Sales of Dermatologicals by Category: Value 2012-2017
Table 33 Sales of Dermatologicals by Category: % Value Growth 2012-2017
Table 34 NBO Company Shares of Dermatologicals: % Value 2013-2017
Table 35 LBN Brand Shares of Dermatologicals: % Value 2014-2017
Table 36 Forecast Sales of Dermatologicals by Category: Value 2017-2022
Table 37 Forecast Sales of Dermatologicals by Category: % Value Growth 2017-2022
Headlines
Prospects
Import Decline, Aluminium Hydroxide Ban and Limited Products Strongly Impact Sales
Alternative Products Increasingly Used Due To Limited Availability
Proton Pump Inhibitors Record the Strongest Growth
Competitive Landscape
Exit of Multinational Players in 2016
Konsuma De Venezuela and Ca Productos Lead With Strong Double-digit Value Shares
Limited Availability of Increasingly Popular Generics
Category Data
Table 38 Sales of Digestive Remedies by Category: Value 2012-2017
Table 39 Sales of Digestive Remedies by Category: % Value Growth 2012-2017
Table 40 NBO Company Shares of Digestive Remedies: % Value 2013-2017
Table 41 LBN Brand Shares of Digestive Remedies: % Value 2014-2017
Table 42 Forecast Sales of Digestive Remedies by Category: Value 2017-2022
Table 43 Forecast Sales of Digestive Remedies by Category: % Value Growth 2017-2022
Headlines
Prospects
Category Stabilisation in 2017 Following Import Shortages in 2016
Niche Category As Products Regarded As Nonessential
Competitive Landscape
Import Restrictions Ensure Laboratorios Oftalmi Strengthens Its Lead
Few Brands Available
One of the Least Dynamic Consumer Health Categories
Category Data
Table 44 Sales of Eye Care by Category: Value 2012-2017
Table 45 Sales of Eye Care by Category: % Value Growth 2012-2017
Table 46 Sales of Standard Eye Care by Format: % Value 2012-2017
Table 47 Sales of Standard Eye Care by Positioning: % Value 2012-2017
Table 48 NBO Company Shares of Eye Care: % Value 2013-2017
Table 49 LBN Brand Shares of Eye Care: % Value 2014-2017
Table 50 Forecast Sales of Eye Care by Category: Value 2017-2022
Table 51 Forecast Sales of Eye Care by Category: % Value Growth 2017-2022
Prospects
Headlines
Prospects
Scarcity of Products in An Underdeveloped Category
Alliances With Foreign Wholesalers Forged To Increase Product Supply
Consumer Knowledge of Gauze/tape Is Weak, As Are Marketing Activities
Competitive Landscape
Bsn Medical Venezuela Continues To Lead
Actimed International Enters End Consumer Market
Private Label Not Present
Category Data
Table 52 Sales of Wound Care by Category: Value 2012-2017
Table 53 Sales of Wound Care by Category: % Value Growth 2012-2017
Table 54 NBO Company Shares of Wound Care: % Value 2013-2017
Table 55 LBN Brand Shares of Wound Care: % Value 2014-2017
Table 56 Forecast Sales of Wound Care by Category: Value 2017-2022
Table 57 Forecast Sales of Wound Care by Category: % Value Growth 2017-2022
Headlines
Prospects
Difficult Operating Environment
Loss of Purchasing Power Impacts Growth Potential
Price Increases and Economic Deterioration Are the Main Threats To Growth
Competitive Landscape
General Nutrition Centers Dominates Sports Nutrition
Non-protein Products Almost Exclusively Supplied by Gnc
Category Data
Table 58 Sales of Sports Nutrition by Category: Value 2012-2017
Table 59 Sales of Sports Nutrition by Category: % Value Growth 2012-2017
Table 60 NBO Company Shares of Sports Nutrition: % Value 2013-2017
Table 61 LBN Brand Shares of Sports Nutrition: % Value 2014-2017
Table 62 Forecast Sales of Sports Nutrition by Category: Value 2017-2022
Table 63 Forecast Sales of Sports Nutrition by Category: % Value Growth 2017-2022
Headlines
Prospects
Comparatively Dynamic Category in Consumer Health
Herbalife's Departure Provides Opportunity for Other Players
Fish Oils/omega Fatty Acids Are the Leading Dietary Supplements
Competitive Landscape
Domestic Companies Lead Dietary Supplements
Arco Iris Laboratorio's Favourable Pricing and Wide Product Variety Ensure Share Gain
Companies To Continue To Focus on the Largest Product Types and Best-selling Brands
Category Data
Summary 2 Dietary Supplements: Brand Ranking by Positioning 2017
Table 64 Sales of Dietary Supplements by Category: Value 2012-2017
Table 65 Sales of Dietary Supplements by Category: % Value Growth 2012-2017
Table 66 Sales of Dietary Supplements by Positioning: % Value 2012-2017
Table 67 Sales of Fish Oils/Omega Fatty Acids by Type: % Value 2012-2017
Table 68 NBO Company Shares of Dietary Supplements: % Value 2013-2017
Table 69 LBN Brand Shares of Dietary Supplements: % Value 2014-2017
Table 70 Forecast Sales of Dietary Supplements by Category: Value 2017-2022
Table 71 Forecast Sales of Dietary Supplements by Category: % Value Growth 2017-2022
Headlines
Prospects
Only A Handful of Brands Available
Fortification in Certain Packaged Food Categories Is Standard
Products With A Specific Positioning Lose Share in 2017
Competitive Landscape
Amway De Venezuela Takes the Lead in 2017
Departure of Merck and Pfizer and Their Successful Brands
New Products in Fast-growing Niches
Category Data
Summary 3 Multivitamins: Brand Ranking by Positioning 2017
Table 72 Sales of Vitamins by Category: Value 2012-2017
Table 73 Sales of Vitamins by Category: % Value Growth 2012-2017
Table 74 Sales of Multivitamins by Positioning: % Value 2012-2017
Table 75 NBO Company Shares of Vitamins: % Value 2013-2017
Table 76 LBN Brand Shares of Vitamins: % Value 2014-2017
Table 77 Forecast Sales of Vitamins by Category: Value 2017-2022
Table 78 Forecast Sales of Vitamins by Category: % Value Growth 2017-2022
Headlines
Prospects
Further Decline Due To Food Shortages and High Prices
Health and Wellness An Established Trend Amongst Higher Earners
Affluent Venezuelans Will Continue To Consume Effective Slimming Products
Competitive Landscape
Direct-selling Brand, Herbalife, Leads Weight Management and Wellbeing
Meal Replacement Companies Rank Second and Third
Lower Average Unit Prices Benefit Meal Replacement Products
Category Data
Table 79 Sales of Weight Management and Wellbeing by Category: Value 2012-2017
Table 80 Sales of Weight Management and Wellbeing by Category: % Value Growth 2012-2017
Table 81 NBO Company Shares of Weight Management and Wellbeing: % Value 2013-2017
Table 82 LBN Brand Shares of Weight Management and Wellbeing: % Value 2014-2017
Table 83 Forecast Sales of Weight Management and Wellbeing by Category: Value 2017-2022
Table 84 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2017-2022
Headlines
Prospects
Herbal/traditional Products Benefit From Their Availability and Price
Cough Remedies and Digestive Remedies Are Key Categories
Small Presence of Alternative Medicine and Treatments
Competitive Landscape
Laboratorios Roemmers-klinos Leads Due To Its Strength in Cough Remedies
Domestic Companies Successfully Compete With Multinationals
Low Presence and Impact of Private Label
Category Data
Table 85 Sales of Herbal/Traditional Products by Category: Value 2012-2017
Table 86 Sales of Herbal/Traditional Products by Category: % Value Growth 2012-2017
Table 87 NBO Company Shares of Herbal/Traditional Products: % Value 2013-2017
Table 88 LBN Brand Shares of Herbal/Traditional Products: % Value 2014-2017
Table 89 Forecast Sales of Herbal/Traditional Products by Category: Value 2017-2022
Table 90 Forecast Sales of Herbal/Traditional Products by Category: % Value Growth 2017-2022
Headlines
Prospects
Paediatric Medicine More Scarce Than Adult Products
Increased Availability of Acetaminophen Benefits Paediatric Analgesics
Potential of Unexploited Categories
Competitive Landscape
Laboratorios La Santé Leads Paediatric Consumer Health
Jengimiel's Herbal Cough Remedy Moves Up in the Rankings
Paediatric Acetaminophen Benefits Laboratorios Elmor Ca and Konsuma De Venezuela
Category Data
Table 91 Sales of Paediatric Consumer Health by Category: Value 2012-2017
Table 92 Sales of Paediatric Consumer Health by Category: % Value Growth 2012-2017
Table 93 Sales of Paediatric Vitamins and Dietary Supplements by Type: % Value 2014-2017
Table 94 NBO Company Shares of Paediatric Consumer Health: % Value 2013-2017
Table 95 LBN Brand Shares of Paediatric Consumer Health: % Value 2014-2017
Table 96 Forecast Sales of Paediatric Consumer Health by Category: Value 2017-2022
Table 97 Forecast Sales of Paediatric Consumer Health by Category: % Value Growth 2017-2022

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