I've always hated that analogy. Tylenol isn't the only profitable drug; Centrum Silver makes plenty of money too. Vitamins are perfectly respectable business.
I dunno, I've bought more vitamins recently than painkillers.
It's common to take a daily multivitamin, few people take daily painkillers[1]. The vitamin industry makes plenty of money; dietary supplements are big business. Not that painkillers aren't, but there's nothing superior about a painkiller in an economic sense. There are whole stores devoted to dietary supplements, the most popular painkillers are illegal (heroin, opium, etc.).
Some links for the size of the vitamin market vs. painkiller markets: