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201 posts categorized "Consumer Health"

September 4, 2014

Snapshots of GlaxoSmithKline’s Consumer Healthcare Division and Horlicks’ Sales

Hope.LeeAnalyst Insight by Hope Lee - Senior Beverages Analsyt

The bribery case in China and disappointing second-quarter results have put GlaxoSmithKline (GSK) in the headlines again. The pharmaceutical giant was initially reported to be looking to spin off its Consumer Healthcare division and make it a stand-alone company – but GSK quickly denied any such plans. Simon Steel, GSK’s spokesman, later stated that GSK would not rule out the possibility of one day divesting the unit, but that it is not currently being considered, at least in the short term. The quick denial raised interest in the media and among analysts as to what exactly GSK plans to do with the consumer unit and a decision about the future of Horlicks in the long term.

 

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August 29, 2014

Prospects for the GSK and Novartis Consumer Health Joint Venture

GSK Novartis global value map

In April 2014, GlaxoSmithKline Plc and Novartis AG announced plans to create a consumer health joint venture to be completed in the first half of 2015. Their extensive global presence and range of top-selling consumer health brands have the potential to establish the partnership as the new industry leader. Pending approvals, the joint venture will be a powerhouse in over-the-counter remedies and hold a commanding market share of analgesics, NRT smoking cessation aids, dermatologicals and more.

August 27, 2014

Strategy Briefing: Opportunities and Challenges in Global Participatory Sport

250_particSport-v1.1According to our new report, health and vanity have been the two largest influencers on consumer exercise.  Obesity has been identified largely as a public health issue due to excessive amounts of media coverage. Therefore, governments around the world have started many initiatives to encourage consumers to exercise more.  Some have even increased funding for public sports facilities or provided tax incentives. 

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Physical attractiveness has also been an important aspect of exercise, as mass media applies much pressure on the consumer to appear perfect, with many ads featuring airbrushed models.  This aspirational perfectionism has not only fuelled interest in exercise but has also increased body disorders, which have also risen over the past decade.

Some of the latest popular exercises include extreme sports such as rock climbing and adventure sports such as triathlons. Many health clubs continued to see growth in developed countries as well, even in spite of the recession.

The increased participation in exercise has led to marketing opportunities and product success in many industries, particularly apparel.  Sportswear sales have consistently outperformed the wide apparel market over recent years, with outdoor clothing becoming popular. 

“There are many market opportunities within apparel, health and supplements, sports and energy drinks, and electronics to cater to the exercise and health conscious consumer,” says Editorial Director, Gina Westbrook.  “Our report really highlights opportunities and challenges globally within exercise and sports consumption.”

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August 25, 2014

Ireland's Thriving Pharmaceutical Industry

Ireland is a global leader in research, development and innovation, and with government investment and support, is likely to remain a leader for some time. The success of the pharmaceutical industry in Ireland is a result of these investments, with pharmaceutical exports from Ireland reaching US$39 billion in 2013. Ireland’s young workforce, favorable tax environment and experience working with multinational companies means the pharmaceutical industry is poised for success in the future as well.

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August 10, 2014

Closure of Window for Tax Inversion Might Not Deter Pharma Giants from Acquiring Peers

Jana DranenkaiteAnalyst Insight by Jana Dranenkaite - Industrial Research Manager

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American pharmaceutical and medical device players are proactively seeking to acquire their global competitors. However, with recent deals pending, the American government is planning to implement controversial corporate tax reform. Changing domicile to save on taxes is the primary motivator, but there are also other advantages to rebasing, so that merger and acquisition activity might therefore be more muted, but not killed in the years to come.

Encouraged by a reluctance to pay high corporate taxes in the US market, tax inversion is the hottest financial savings instrument of the moment. The recent acquisition of Shire by AbbVie, labelled as the biggest tax inversion deal ever, and seven more deals this year, are pending as the US government seeks to curb the relocation mania.

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Pharmacies and Drug Stores Using M-Commerce to Grow Sales

Pharmacies and drug stores are increasingly using the power of m-commerce to grow sales. For instance, Asian pharmacy chain Watsons uses a mobile app to communicate with consumers about health and beauty tips and send coupons. For other pharmacies, m-commerce is a platform to enter new markets, such US-based Vitamin Shoppe. The chain's partnership with Indian internet retailer Healthkart.com is allowing Vitamin Shoppe to expand to the country without an actual physical presence.

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August 5, 2014

Euromonitor to Speak at SupplySide West R&D Insights Summit 2014

SSW14-logo-tagEvent Description: Attend the World’s Largest Expo Gathering Ingredient Suppliers and Finished Product Manufacturers

SupplySide West is the industry’s gathering point where science & strategy intersect and takes place October 6-10 in Las Vegas. Explore a show floor featuring 10,000+ ingredients and services including: top contract manufacturers, global ingredient suppliers, equipment companies, lab-testing firms, supply chain experts and packaging specialists. You’ll find cutting-edge scientific innovations and strategic-centered educational forums everywhere you turn to drive revenue, market share and consumer loyalty.

Register for the Expo Hall package and gain access to: the 2-Day Expo Hall, Featured Speaker Presentations, SupplySide Central, Taste of SupplySide and VendorBriefs. Visit supplysideshow.com to register for this one-of-a-kind opportunity!

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July 30, 2014

Premium Private Label Vitamins and Dietary Supplements to Capture Greater Market Share

Mark StrobelAnalyst Insight by Mark Strobel - Consumer Health Analyst

The US$206 billion global consumer health market is highly competitive. In 2013, the top ten companies determined just 25% of retail value share, with the next 25% split between more than 80 additional companies. The vitamins and dietary supplements (VDS) market is especially fragmented, with the three leading companies, Amway Corp, Pfizer Inc and NBTY Inc, combining for just 11% of global retail value sales. The growing presence of private label is intensifying the cutthroat competitive nature of the consumer health market. Though particularly strong among over-the-counter remedies (OTC), more consumers are turning to private label VDS. As private label VDS portfolios evolve from bare-bones economy goods to include high quality, value-added products with non-genetically modified organism (GMO), gluten free, organic, and vegetarian and vegan options, they will capture a greater share of the market by appealing to those consumers seeking premium supplements.

Private Label Presence in Consumer Health

Private label continues its rapid growth in consumer health, achieving a CAGR of 8% to reach retail value sales of US$13.9 billion in 2013. Significantly outpacing industry growth, private label accounts for a greater share of consumer health sales each year. While the US is the primary private label market with retail sales of US$11.2 billion in 2013, these products are gaining traction in other regions, particularly Australasia and Western Europe. The extensive retail chains in these developed regions have the infrastructure to outsource manufacturing, distribute, and provide an eye-catching in-store presence for these products. However, private label continues to have by far the strongest presence in the US, holding 19% retail value share in consumer health in 2013, compared to 5% in Western Europe and 3% in Australasia. Private label retail value share is minor in the emerging regions Asia Pacific, Eastern Europe, Latin America and Middle East and Africa with a share below 1%.

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July 17, 2014

Prospects for Fish Oils and Omega Fatty Acids in China

Mark StrobelWith Mark Strobel, Consumer Health Analyst

China is a promising market for the consumer health industry, with consumer expenditure on health goods and medical services expected to grow by 56 percent between 2013 and 2018. Vitamins and dietary supplements, especially fish oils and omega fatty acids are among the strongest prospects for the country. The average adult in China consumes only one-quarter of the recommended daily intake of DHA and EPA which is found in these supplements.  Although the regulatory infrastructure for dietary supplements in China is notoriously strict, proposals are in place to change the process.

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Techweek Chicago 2014 Recap

David McGoldrickAnalyst Insight by David McGoldrick - Research Associate

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Techweek Chicago was held in Chicago over 23-28 June. The event centred on new technological advances that are disrupting nearly every area of commerce. Every industry – from finance and health to packaged food and tourism – is being impacted by these technological developments. The event was a chance to discuss and present on what has occurred so far and on new ideas in the pipeline.

Beacons and Mobility Create New Possibilities

Mobility was a big topic at the conference, with presenters discussing the infiltration of electronics into all aspects of life and how this will create smarter consumers, businesses and cities. Ray Velez, Global Chief Technology Officer at Razorfish, explained that growth in the number of internet-enabled devices sold will soon outpace growth in the number of children born each year. A panel on the future of location-aware marketing discussed how these internet-enabled devices (especially the combination of beacons and smart phones) could be used to enable customers to see reviews of products simply by standing in front of them. These devices could also let consumers know that items they have previously viewed online are available in the store they just entered. Others cited their potential usage in high-end boutiques and hotels, which will enable employees to recognise loyal customers and provide a personalised level of service.

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Recent Posts

Snapshots of GlaxoSmithKline’s Consumer Healthcare Division and Horlicks’ Sales

Prospects for the GSK and Novartis Consumer Health Joint Venture

Strategy Briefing: Opportunities and Challenges in Global Participatory Sport

Ireland's Thriving Pharmaceutical Industry

Closure of Window for Tax Inversion Might Not Deter Pharma Giants from Acquiring Peers

Pharmacies and Drug Stores Using M-Commerce to Grow Sales

Euromonitor to Speak at SupplySide West R&D Insights Summit 2014

Premium Private Label Vitamins and Dietary Supplements to Capture Greater Market Share

Prospects for Fish Oils and Omega Fatty Acids in China

Techweek Chicago 2014 Recap