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Over the Counter Drugs Market Leading Manufacturers- Analysis by Types and Applications, Global Industry Trends & Size Outlook till 2021-2024

Over the Counter Drugs

This “Over the Counter Drugs Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research study diminishes the risks involved in making decisions as well as strategies for companies and individuals interested in the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry.

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Market Overview:

  • The global over the counter drugs market was valued at USD 303.51 billion in 2018, and it is estimated to be valued at USD 491.02 billion in 2024, witnessing a CAGR of 8.5%. The growth propelling factors of this market are product innovations, high penetration in the emerging market, favorable regulatory framework, and inclination of pharmaceutical companies toward OTC drugs from Rx drugs.
  • The global over the counter (OTC) drugs market is likely to record the highest growth rate in the emerging markets of Latin America and Southeast Asia over the coming years. This can be attributed to the rapidly growing population, coupled with the growing middle class in these regions and increase in disposable income of the population, which will add critical mass to the population available to access OTC medication. Along with new channels of the accessibility in emerging markets in retail outlets, supermarkets are also contributing to the growth of the OTC medication market in the emerging economies.

    Over the Counter Drugs Market Covers Manufacturers:

  • Johnson and Johnson
  • Novartis AG
  • Bayer AG
  • Sanofi
  • Pfizer
  • GlaxoSmithKline PLC
  • Perrigo Company PLC
  • Reckitt Benckiser Group PLC
  • Takeda Pharmaceutical Company Ltd

    Scope of the Report:

    As per the scope of this report, over the counter drugs are referred to as non-prescription drugs. These medicines can be bought by an individual without the doctor’s prescription and are safe for consumption without the doctor’s consent.

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    Some of the Key Questions Answered in this Report:

    • Detailed Overview of Over the Counter Drugs Market will help deliver clients and businesses making strategies.
    • Influencing growth factors that are thriving demand and latest trends running in the market.
    • Over the Counter Drugs Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
    • What trends, challenges and barriers will impact the development and sizing of the Global Over the Counter Drugs Market?
    • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
    • What is the Over the Counter Drugs Market growth momentum or market carries during the forecast period?
    • Which region may tap the highest market share in the coming era?
    • Which application/end-user category or Product Type may seek incremental growth prospects?
    • What focused approach and constraints are holding the Over the Counter Drugs Market demand?

    Key Market Trends:

    Weight-loss and Dietary Products Segment Expected to Grow with a High CAGR

    The weight-loss and dietary products segment is believed to show the highest CAGR of 8.10% during the forecast period. This is majorly attributed to the rising awareness of the general population about health and rise in the consumption of junk food, which is leading to the rise in lifestyle-related diseases. The VMS (vitamins, minerals, and supplements) segment is believed to have the largest market share.

    VMS and weight loss OTC drugs contribute the most to the overall market. In fact, nearly 1/4th of the market belongs to this segment. The reason for this major share is the vast customer base for various products under this category. Unlike other conditions, which are intense in nature, the VMS and weight loss conditions are not very bothersome. OTC products for these conditions are more of precautious nature than that of treatment or cure. And this is why the number of customers is relatively high than the ones for other indications. Large customer pools give rise to high demand, which, in turn, results in high revenue generation. VMS products are very popular in developed countries because of the increasing unhealthy population

    North America is Expected to Dominate the Market in the Forecast Period

    North America currently dominates the market for over the counter drugs and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the leading trend among pharmaceutical companies to switch from Rx to OTC drugs. Report of the National Institute of Health has stated that 93% of adults in the United States prefer to treat their minor ailments with OTC medicines before seeking professional care, and 85% of parents in the United States prefer to treat their children’s minor ailments with an OTC medicine before seeking professional care. This is resulting in the formation of the bigger market.

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    Target Audience of Over the Counter Drugs Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Over the Counter Drugs Market Report:

    • Analysing various perspectives of the Over the Counter Drugs market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Over the Counter Drugs market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Over the Counter Drugs market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Over the Counter Drugs market studied, during the forecast period
    • The segments that are expected to dominate the Over the Counter Drugs market studied.

    Detailed TOC of Over the Counter Drugs Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Product Innovation
    4.2.2 High Penetration in Emerging Markets
    4.2.3 Favorable Regulatory Framework
    4.2.4 Inclination of Pharmaceutical Companies Toward OTC Drugs from RX Drugs
    4.3 Market Restraints
    4.3.1 Probability of Substance Abuse
    4.3.2 Lack of Awareness in Rural Areas
    4.4 Industry Attractiveness of Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Cough, Cold, and Flu Products
    5.1.2 Analgesics
    5.1.3 Dermatology Products
    5.1.4 Gastrointestinal Products
    5.1.5 Vitamins, Mineral, and Supplements (VMS)
    5.1.6 Weight-loss/Dietary Products
    5.1.7 Ophthalmic Products
    5.1.8 Sleeping Aids
    5.1.9 Other Product Types
    5.2 By Distribution Channel
    5.2.1 Hospital Pharmacies
    5.2.2 Retail Pharmacies
    5.2.3 Online Pharmacy
    5.2.4 Other Distribution Channels
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 United Kingdom
    5.3.2.2 Germany
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Johnson and Johnson
    6.1.2 Novartis AG
    6.1.3 Bayer AG
    6.1.4 Sanofi
    6.1.5 Pfizer
    6.1.6 GlaxoSmithKline PLC
    6.1.7 Perrigo Company PLC
    6.1.8 Reckitt Benckiser Group PLC
    6.1.9 Takeda Pharmaceutical Company Ltd

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    For Detailed TOC Click Here

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