Over The Counter Drugs Market Size, share Outlook and Opportunities 2019- 2025
Global Over the Counter Drugs Market Outlook and Growth Opportunities to 2025: By Type (Analgesics, Cold & Cough Remedies, Digestives & Intestinal Remedies, Skin Treatment, and Vitamins & Minerals), By Distribution Channel (Online and Offline) and By Region
Global Over The Counter Drugs Market is poised to grow at CAGR rate of 7.76% during the forecast period 2019 to 2025.The global Over The Counter Drugs Market is estimated to register a market value of USD 117.31 Billion in 2019.The wide availability of Over The Counter drugs without the prescription both in online and offline modes of distribution channels is driving the demand. Increased customer’s awareness to safeguard their health problems at early stages and increase in medical spending of the individuals are accelerating the market growth.
Growth in ageing population coupled with the increased medical problems emphasising the rise in penetration of Over the Counter drugs. The key manufacturers in the market are offering Over the Counter drugs that are related to a wide range of concerns such as hypertension, aspiration and others that are witnessed to boom the market size. Companies in the market are offering the distinctive product portfolio to customers that are safe and effective when they are used as directed by the medical practitioners.
Risks and complications associated with the self-diagnosis and treatment of serious illness without under observation of medical experts and professionals are challenging the growth of market size. Sometimes, the over dosage of the drugs is attributed to various health and medical disorders and improper storage of drugs are limiting the market size. The disposal of by-products after production of Over the Counter drugs and the expired drugs are challenging the growth of market share.
Cough and cold remedies are dominating the global Over The Counter drugs market:
Cough and cold remedies dominant among the different types of Over the Counter drugs accounting for major market share. Availability of cough and cold remedies in different formats such as tablets, capsules and syrups across both the online and offline modes of distribution channels are driving the demand. Various manufacturers in the industry are offering the cold and cough remedies in variable prices that are cost efficient and possess multi functionalities are boosting the market size. Increased customer awareness towards the various brands and their offerings related to cold and cough remedies are accelerating the market growth.
Emerging of internet and Smartphone users globally could incur growth opportunities owing to increase utilisation of healthcare applications and their potential to find cough and cold remedies through symptoms are attributing to increase in sales volume.
Further, the global Over the Counter Drugs market is segmented into analgesics, digestives & intestinal remedies, skin treatment, and vitamins & minerals.
Offline mode of distribution channel contributes for major share:
The report analyses the global Over the Counter Drugs market based on distribution channel as online channel and offline channel.
Availability of Over the Counter Drugs across the offline modes of distribution channels such as pharmacy stores, retail stores, department stores and others are driving the demand. In addition, home delivery facilities offered by the offline modes of distribution channels are incurring the growth opportunities attributing for market growth. Offerings and discounts offered by the conventional stores are contributing for the growth in sales volume. Presence of druggists and pharmacists across offline mode of distribution channels are boosting the demand.
Sometimes, unavailability of wide range of Over the Counter Drugs across the offline modes of distribution channels is challenging the market growth.
North America leads the global Over the Counter Drugs market:
North America over the Counter Drugs market is the largest market owing to customer awareness and concerns towards the health problems. Availability of Over the Counter Drugs through departmental stores, pharmacies and Ecommerce are driving the demand. Growth in ageing population tend to create health troubles among them coupled with the emerging population across the world widely would influence the market share. Increase in R&D investments and launch of new innovative products by the key players in the industry across this region are boosting the market size. Favourable government regulations and increase in medical spending by governments are enhancing the market demand.
In addition, the global Over the Counter drugs market is also analyzed for countries across Europe, Asia Pacific, South & Central America and Middle East & Africa
Prominent key players in global Over the Counter drug market:
Johnson and Johnson, Novartis AG, Bayer AG, Pfizer, Sanofi, GlaxoSmithKline PLC, Reckitt Benckiser Group PLC, Perrigo Company PLC, Takeda Pharmaceutical Company Ltd and Cipla, Inc.
Long term perspective on the Over the Counter Drugs industry: 2018 (base year), 2019- 2025 (forecast period)
Over The Counter Drugs Market- Forecasts by Segments- Type and Distribution Channel by geography.
1. The research report classifies the global healthy snack market into 5 types including analgesics, cold & cough remedies, digestives & intestinal remedies, skin treatment, and vitamins & minerals.
2. The research report classifies the global healthy snack market in to 2 distribution channels include online and offline.
3. The report analyses the global healthy snack across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America and Middle East &Africa.
Over The Counter Drugs Market- Strategic Analysis Review
1. Key strategies opted by leading players
2. Short to Long Term Industry Trends
3. Porter’s Five Forces Analysis
4. Supply side and Demand Side Drivers and Challenges
Over The Counter Drugs Market- Growth Opportunities
1. Potential New Business Opportunities
2. Key Areas of Focus in forecast period
Over The Counter Drugs Market- Competitive Scenario
1. 10 companies are analysed in the report including Johnson and Johnson, Novartis AG, Bayer AG, Pfizer, Sanofi, GlaxoSmithKline PLC, Reckitt Benckiser Group PLC, Perrigo Company PLC, Takeda Pharmaceutical Company Ltd and Cipla, Inc.
2. Company Peer-to-Peer Comparison
3. Company Profile and SWOT Analysis
4. Financial Analysis
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