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Background
Research
Objectives
Methodology
Findings and Analysis
Suggestions for GSK
Background
Iodex, launched in 1919, is GSKs flagship brand
One of the leading brands in tropical pain relief
product category
Iodex facing stiff competition from brands like
Moov, Volini, Zhandu, etc
Global market for OTC sales of topical
analgesics was worth $4.1 billion. (Total pain
Management market $29 billion).
Industry is expected to grow at a CAGR of 5.5%
during 2014-2020.
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Objectives
Methodology
In depth interviews were conducted.
Target population was
Working men and working/nonworking women
Age 30 to 55 years
Geography Delhi
Profile of Respondents
Age Group
3
Gender
Male; 30%
1
0
30-35
35-40
40-45
45-50
50-55
Female; 70%
Physiotherap
y
5
Profession
Homemaker
Business
Chronic
Backache: 4
Teacher
Service
IT
professional
plays sports
regularly
Consumer Responses
Spray is more volatile, so less effective and
doesnt last long.
Fast- relief is easily available at my nearby
chemist shop.
Iodex balm stains my cloth, hence I prefer
spray.
Is there also a gel for Iodex? I though they
only sell balms.
Sprays are growing the fastest in comparison to gels or rubs. Largely an urban
phenomenon, the growth of sprays is linked to the mushrooming of gyms and the
need for instant pain relief when working out
Business Standard
Moov
Volini
Zandu
Balm
Pain
Killers
Number
of
People
Reason
Trust of the
brand is
very high as
compared to
any other
brand
Spray
format is
most
popular
Brand Image
strong due
to high
exposure
and Desiness
Complete
body ache
can only be
done away
with pain
killers
Switching Behavior
Reason of Switching
Target
segment
Switching
Predominant
ly
Housewives,
one male
respondent
Convenience of
Office going
applying at all body
people
parts
Non-sticky and easily
evaporated
Can be used in a
hurry
Large amount of
spray is used
Sprays cause
Old age
people
SWOT Analysis
Competitive Analysis
Competitive Analysis
Factors
Iodex
Moov
Volini
Products
Balm, Gel
Cream,Gel,
Spray
Gel,Spray
Packaging
Least attractive
Attractive
(tube)
Attractive
(tube)
Quick Relief
slowest
slow
fastest
Longer Relief
Slowest
Slow
fast
Smell- stink
A lot
least
Sticky
Most
least
Color soothing
Least
Comparable
(volini)
Comparable
(Moov)
Comparable
(volini)
Comparable
(Moov)
Backache
specialist
sprains &
strains
Image
General
Suggestions
Odour Sensitiveness
Improvement in Packaging
Promotional activities at
Physiotherapy centres
Entry into spray segment