Global Over the Counter Drugs Market (2020-2025) by Mode of Intake, Product, End-user and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global Over the Counter Drugs Market is estimated to be USD 361 Bn in 2020 and is expected to reach USD 539 Bn by 2025, growing at a CAGR of 8.35%.
Increasing awareness regarding the personalized medicine for treating minor ailments and introduction of treatment protocols by healthcare payers and also rapidly increasing chronic diseases are some of the major driving factors making remarkable new drug development and impact positively the expansion of the over the counter (OTC) drugs market. In fact, the proper drug for the proper patient at the proper time is the mantra of personalized medicine.
The Global over the Counter Drugs Market is segmented further based on Mode of Intake, Product, End-user and Geography.
By Mode of Intake, the market is classified as Topical, Oral and Parenteral.
By Product, the market is classified as Analgesics, Weight Loss/Dietary Products, Gastrointestinal Products, Cold, Cough and Flu Products, Mineral and Vitamin Supplements, Skin Products, Ophthalmic Products, Sleeping Aids and Dermatology Products.
By End User, the market is classified as Retail Pharmacies, Online Pharmacies, Hospital and Pharmacies.
By Geography, North America is projected to lead the market.
1. In July 2020, Stada AG, a Germany-based pharmaceutical company, announced about acquisition of 15 of deep-rooted OTC brands from GlaxoSmithKline in Europe. The acquisition will strengthen the company’s portfolio and presence in the consumer health business.
2. In January 2018, Nuvo Pharmaceuticals, Inc. acquired ex-U.S. product and existing royalty streams for ‘Resultz’, an OTC treatment for head lice from Piedmont Pharmaceuticals LLC.
3. Takeda Pharmaceuticals in March 2016, started overseas sales of OTC brand—Alinamin in Vietnam, India, Hong-Kong, and China.
Some of the companies covered in this report are AbbVie Inc., Alacer Corp, Bausch & Lomb, Bayer Healthcare AG, Boehringer Ingelheim GmbH, Cipla Ltd., Dr. Reddy's Laboratories, GlaxoSmithKline Plc., Teva Pharmaceutical Industries Ltd., The Colgate-Palmolive Company., etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Over the Counter Drugs Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
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