Over The Counter (OTC) Drugs Market Size 2022-2027 Share, Industry Trends, Growth, Analysis and Forecast – IMARC Group

Date:

Share post:

According to the latest report by IMARC Group, titled “Global Over The Counter (OTC) Drugs Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global over the counter (OTC) drugs market reached a value of US$ 148 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 212.6 Billion by 2027, exhibiting a CAGR of 6.44% during 2022-2027.

Over-the-counter (OTC) drugs are medicines readily available without a prescription provided by a healthcare professional. These drugs are safe, effective, and well-tolerated when the consumer follows the directions of use on the label or as suggested by a physician. OTC drugs are used for treating conditions such as pain, cough, cold, diarrhea, constipation, acne, recurring migraine, and allergies that do not require direct consultation with a doctor. They also include dietary supplements that provide nutrient and non-nutrient chemicals in the human body. As a result, they are widely available in pharmacies, convenience stores, supermarkets, and gas stations.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

 

Over the Counter (OTC) Drugs Market Trends and Drivers:

The global OTC drugs market is primarily driven by the significant growth of the healthcare industry. Governments across various countries are undertaking initiatives to create awareness among the population about using OTC drugs to treat minor health issues.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/over-the-counter-drugs-market/requestsample

In addition, OTC drugs also help build a diverse product portfolio for pharmaceutical companies. Furthermore, the recent COVID-19 pandemic outbreak has shifted the importance toward self-care, which is propelling the demand for OTC drugs.

Furthermore, factors such as the rising geriatric population, along with the increasing approvals from regulatory bodies for switching prescription drugs to OTC drugs, are anticipated to facilitate the market growth in the upcoming years.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Over the Counter (OTC) Drugs Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Alkem Laboratories Limited, Bayer AG, Daiichi Sankyo Company Limited, Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Perrigo Company plc, Pfizer Inc., Piramal Enterprises Ltd., Reckitt Benckiser Group PLC, Sanofi S.A., Sun Pharmaceutical Industries Ltd. and Teva Pharmaceutical Industries Ltd.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/over-the-counter-drugs-market

The report has segmented the market on the basis of region, product type, route of administration, dosage form and distribution channel.

Breakup by Product Type:

  • Cough, Cold and Flu Products
  • Analgesics
  • Dermatology Products
  • Gastrointestinal Products
  • Vitamins, Minerals and Supplements (VMS)
  • Weight-loss/Dietary Products
  • Ophthalmic Products
  • Sleeping Aids
  • Others

Breakup by Route of Administration:

  • Oral
  • Parenteral
  • Topical
  • Others

Breakup by Dosage Form:

  • Tablets and Capsules
  • Liquids
  • Ointments
  • Others

Breakup by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Inquire Before Buying : https://www.imarcgroup.com/request?type=report&id=5189&flag=F

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

 

spot_img

Related articles

How to Brostrend AC1200 Reset

How to Prepare? 30 seconds of reset button pressing. Switch on the router, hold for 30 seconds, then...

How to Increas Netgear Extender WiFi Speed

In this post, we will go over every crucial component of enhancing the speed of your Netgear WiFi....

Electronic Chemicals and Materials Industry Future Insights in 2022

Recently published a research report titled, “Electronic Chemicals and Materials Industry – Global Size, Share, Growth, Opportunities Analysis in 2022”....

How to Recover an Orbi Password?

Just like with other applications, it is possible to recover and get back your account, but it doesn’t...