About Medicated Health Product
Medicated health products are complementary health products that are used to cure diseases and boost the immune system. Medicated products include health supplements, oral health products, hand sanitizers, body powders, etc. Basically, these products are regulated by the government or regulatory body in order to protect human health. Herbal supplements are more popular among people and widely adopted across the globe as it is the only way to fill the nutrient gap, maintain health, and boost immunity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medicated Health Product market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline (United Kingdom), Unilever PLC (United Kingdom), Dabur (India), Dettol (Reckitt) (United Kingdom), Procter & Gamble (United States), Beiersdorf (Germany), Herbalife Nutrition (United States), Sanofi (France), Johnson & Johnson (United States), Nature’s Bounty (United States) and Bayer AG (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Medicated Health Product market by Type (Herbal Supplements, Hand Sanitizers, Body Powders, Pain Reliefs, Oral Health Products, Antiperspirant, Deodorant and Others) and Region.
On the basis of geography, the market of Medicated Health Product has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Medicated Health Product market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age, the sub-segment i.e. Adults will boost the Medicated Health Product market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on Research for Innovation in the Health and Beauty Products
Market Growth Drivers:
Surging Demand for Medicated Products to Boost Immune System and Maintain Overall Health and Growing Popularity of Private Labeled Medicated Health Products Among Young Consumers
Challenges:
Presence of Multiple Global Manufacturers of Medicated Health Product
Restraints:
Decreased Disposable Income of Middle-class Households Across the Globe May Hamper the Growth
Opportunities:
Huge Demand of Hand Sanitizers Worldwide Due to Coronavirus Outbreak
Market Leaders and their expansionary development strategies
In March 2024,Garware Fulflex India Private Limited on Thursday announced the acquisition of Avcor Healthcare Products Inc., a US-based developer, manufacturer, and marketer of medical products for both institutional and consumer or retail healthcare markets.
In March 2024, Wipro GE Healthcare’s Indian unit, a prominent player in medical technology, aims to unveil 40 new productsas it focuses on designing and manufacturing products in India for the local as well as global markets.40 new products across MRI, CT, PET/CT, Ultrasound, and patient care devices. We are also launching more and more AI-enabled software applications.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Medicated Health Products Manufacturers, Suppliers and Distributors of Medicated Health Products, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.