Over The Counter Drugs Market is Projected to Reach USD 233.6 Billion in 2028

Posted on Sep 20 2022 11:35 AM

"Over The Counter Drugs Market By Top Companies Covered Are - Johnson & Johnson Services Inc., Bayer AG, Novartis AG, Sanofi S.A, Pfizer, GlaxoSmithKline Plc, Boehringer Ingelheim International GmbH, Reckitt Benckiser Group PLC, Takeda Pharmaceutical Company Ltd"

The global OTC drugs market size is projected to grow from USD 157.0 billion in 2021 to USD 233.6 billion in 2028. The rising number of private label products is set to affect growth positively. In the U.S., shares of these products reached 31.0% in 2018 from 26.0% in 2009. Also, numerous companies are collaborating with e-commerce platforms to launch their products on their platforms. Amazon.com, Inc., for instance, introduced Perrigo’s over-the-counter healthcare products in February 2018. Fortune Business Insights™ mentioned this in a published report, titled, “OTC Drugs Market, 2021-2028.” The report further states that the market stood at USD 148.0 billion in 2020. It is set to showcase a CAGR of 5.8% in the forecast period during 2021-2028.

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Segments-

Cold & Cough Remedies Segment to Dominate Backed by its Surging Prevalence

Based on the distribution channel, the market is segregated into drug stores & retail pharmacies, hospital pharmacies, and online pharmacies. By the product type, it is classified into analgesics, cold & cough remedies, digestives & intestinal remedies, skin treatment, vitamins & minerals, and others. Amongst these, the cold & cough remedies segment is likely to dominate the market throughout the forthcoming years. This growth is attributable to the rising prevalence of cough and cold among people on account of season changes. In 2020, the cough & cold remedies segment earned 21.8% in terms of the OTC drugs market share.

 

Regional Description

The global Over The Counter Drugs Market has been divided into several market segments that are categorized according to the different regions that each segment is located in. The various market regions covered in the report include Asia-pacific, the Middle East, Africa, North America, South America, and Europe. These market segments are comprehensively analyzed to identify the region with the largest market share and to predict the growth of the market. Different market trends that can be used to increase the market share of specific regions are identified and are presented in the report in detail.

Method of Research
The data that has been used to analyze the growth of the Over The Counter Drugs Market is collected from a variety of different sources that include both primary and secondary sources that are used to ensure the accuracy of the data. This data is analyzed according to the SWOT parameters than can identify the different areas that need improvement or new areas that can be exploited by different companies to increase both their market share and profit.

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List of key Companies Covered

  • Johnson & Johnson Services Inc. (New Jersey, US)
  • Bayer AG (Leverkusen, Germany)
  • Novartis AG (Basel, Switzerland)
  • Sanofi S.A (Paris, France)
  • Pfizer (New York, US)
  • GlaxoSmithKline Plc (Brentford, UK)
  • Boehringer Ingelheim International GmbH (Ingelheim, Germany)
  • Reckitt Benckiser Group PLC (Slough, UK)
  • Takeda Pharmaceutical Company Ltd (Tokyo, Japan)
  • Other Players

Table of Content- Over The Counter Drugs Market:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • New Product Launches, Key Players
    • Key Developments, Mergers, Acquisitions, etc.
    • Impact of Covid-19 on the Market
  • Global OTC Drugs Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Analgesics
      • Cold & Cough Remedies
      • Digestives & Intestinal Remedies
      • Skin Treatment
      • Vitamins & Minerals
      • Others
    • Market Analysis, Insights and Forecast – By Distribution Channels
      • Drug Stores & Retail Pharmacies
      • Hospital Pharmacies
      • Online Pharmacies
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Latin America
      • Middle East & Africa

Continued…

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