Scope of the Study
Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a prescription from a healthcare professional that are safe for use by the general public. OTC drugs are regulated according to their active pharmaceutical ingredient rather than final products. These medications are used to treat a variety of symptoms due to illness including pain, coughs and colds, diarrhea, heartburn, constipation, acne and others. In many countries, over-the-counter drugs are available in establishments without pharmacy such as supermarkets, general stores and gas stations.
The market study is being classified by Type (Analgesics, Dermatology Products, Gastrointestinal Products, Vitamins, Mineral, and Supplements (VMS), Weight Loss/Dietary Products, Ophthalmic Products, Sleeping Aids and Others) and major geographies with country level break-up.
Pfizer Inc. (United States), Novartis International AG (Switzerland), Roche Holding AG (Switzerland), Merck & Co., Inc. (United States), Sanofi S.A (France), Johnson & Johnson (United States), Gilead Sciences, Inc. (United States), GlaxoSmithKline plc. (United Kingdom), Bayer Healthcare AG (Germany) and AstraZeneca plc. (United Kingdom) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Over The Counter (OTC) Drugs market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Over The Counter (OTC) Drugs market by Type, Application and Region.
On the basis of geography, the market of Over The Counter (OTC) Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Awareness Related To General Health Concerns
- Growing Number of Regulatory Approvals
- Increase in Healthcare Expenditure
Market Trend
- Growing Trend of Purchasing OTC Drugs for Seasonal Diseases
Restraints
- Side Effects of OTC Drugs
Opportunities
- Growing Geriatric Population Worldwide
- Increasing Number of Pharmacy Stores
- Growth in the Pharmaceutical Industry in Developing Countries
Challenges
- Stringent Government Rules and Regulations in Some Regions
“In the United States, the manufacture and sale of OTC substances are regulated by the Food and Drug Administration. The FDA requires that all "new drugs" obtain a New Drug Application (NDA) before entering interstate commerce, but the act exempts any drugs generally recognized as safe and effective.”
Key Target Audience
Over The Counter (OTC) Drugs Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase