Over the Counter (OTC) Drugs Market Set to Register Healthy CAGR and Competitive Outlook to 2026 By Top Prominent Key Players Johnson & Johnson Services, Inc., Dr. Reddy’s Laboratories Ltd., Takeda Pharmaceutical Company Limited
The newly added report by Data Bridge Market Research entitled Global Over the Counter (OTC) Drugs Market Size, Share, Growth, Industry Trends and Forecast to 2028 gives productive ideas, updated information with the latest market intelligence and which supports with the strategic investment decisions. The report provides a thorough analysis of the current trends, opportunities, drivers, and restraints in the global Over the Counter (OTC) Drugs. The report concentrates on top players and their overview of the market, covering various aspects such as product definition, market segmentation, and the prevailing vendor landscape, manufacturing, and pricing and cost structures. The report basic offers a basic understanding of the all the data, statistics, and information gathered to generate this report has been studied and analysed with the established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis.
DBMR predicts the global Over the Counter (OTC) Drugs market to grow at a healthy growth rate at a CAGR of 8.7% over the forecast period of 2019 to 2026 owing to rising demand for Over the Counter (OTC) Drugs among consumers and healthcare industry.
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The Over the Counter (OTC) Drugs Market report encompasses a detailed synopsis on the study of the global Over the Counter (OTC) Drugs market including market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors.Over the Counter (OTC) Drugs report makes available a thoughtful overview of product specification, technology, product type and production analysis taking into account major factors such as revenue, cost, and gross margin. The report is sure to offer brilliant solution to the challenges and problems faced by Over the Counter (OTC) Drugs industry. In addition, the report encompasses global Over the Counter (OTC) Drugs market segmentation on the basis of diverse facets like product/service type, application, technology, end-users, and major geographic regions North America, Europe, Asia-Pacific and Latin America. Apart from this, the Over the Counter (OTC) Drugs report makes available CAGR (compound annual growth rate) value fluctuation during the forecast period for the market.
Brief Overview on Over the Counter (OTC) Drugs Market:
Over The Counter (OTC) drugs are medications that can be taken without the consultation from healthcare professionals by the general public based on the safety and efficacy of the drugs. Some examples of OTC drugs are acetaminophen (paracetamol) and ibuprofen for pain relief, dextromethorphan and cough suppressants. These drugs are safe and effective and are used for the treatment of conditions that do not require the direct consultation of any doctor. OTC drugs are available in all pharmacies and others places such as grocery stores and gas stations.
According to the Consumer Healthcare Products Association, the use of OTCs has given rise to the allergy sufferers from 66% (2009) to 75% (2015). An estimated to 81% of adults prefer to use OTC medications as primary option for minor diseases and conditions.
The Global Over the Counter (OTC) Drugs Market 2021 research provides a basic overview of the industry including definitions, classifications, applications and industry chain in the forecast period of 2021 to 2027. The report has been created after detailed and exhaustive studies several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions with appropriate graphs, charts or tables in the whole report. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.
According to Global Over the Counter (OTC) Drugs Market the overall industry have seen quite big impact due to slowdown and shutdown in production line & supply chain. The study covers a separate qualitative chapter on with strong reasoning and leaders opinion Industry historical and forecast market data. Additionally, it also provides before and after growth scenario due to COVID-19 on sales & market size estimation to better analyze current scenario of Industry.
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According to this report Global Over the Counter (OTC) Drugs Market will rise from Covid-19 crisis at moderate growth rate. Global Over the Counter (OTC) Drugs Market Size to expand moderately as the new developments in Over the Counter (OTC) Drugs and Impact of COVID19 over the forecast period 2021 to 2027. Report covers Over the Counter (OTC) Drugs Market report is helpful for systematic gathering, recording and analysis of data for the issues related to the marketing of goods, And Global and Regional manufacturers in Over the Counter (OTC) Drugs Industry.
By Products Type (Analgesics, Cold, Cough & Flu Products, Gastrointestinal Products, Ophthalmic Products, Dermatology Products, Others)
By End Users (Hospitals, Homecare, Specialty Clinics, Others)
By Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others)
Leading Players operating in the Over the Counter (OTC) Drugs Market are:
- Johnson & Johnson Services, Inc
- Reddy’s Laboratories Ltd
- Takeda Pharmaceutical Company Limited
- Sanofi, F. Hoffmann-La Roche Ltd
- Bayer AG, Teva Pharmaceutical Industries Ltd
- GlaxoSmithKline plc
- Novartis AG
- Sun Pharmaceutical Industries Ltd
- Alkem Labs
- Reckitt Benckiser Group plc
- Piramal Enterprises Ltd
- Pfizer Inc
- Procter & Gamble
- Perrigo Company plc
- Mylan N.V.
- DAIICHI SANKYO COMPANY, LIMITED
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The Over the Counter (OTC) Drugs market report also highlights general market conditions, estimates market share and possible sales volume of Over the Counter (OTC) Drugs industry during the forecast period. In addition, the report comprises the facts and figures described in the global Over the Counter (OTC) Drugs market aids in taking sound decisions and planning advertising and sales strategy more successfully within the Over the Counter (OTC) Drugs market that can impact its expansion graph. Over the Counter (OTC) Drugs market research report acceptance is very essential for the business growth as it helps with the better decision making, enhancing revenue generation, prioritizing market goals and results in profitable business.
Over the Counter (OTC) Drugs Market Segments by Geography
Middle East & Africa
The key countries in each region are taken into consideration as well, such as United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Key Developments in the Market:
In July 2019, Sanofi announced an agreement with F. Hoffmann-La Roche Ltd to get the exclusive OTC rights to Tamiflu, an antiviral drug used for the prevention and treatment of patients with influenza or flu. By this agreement, Sanofi will handle the FDA negotiation for the OTC switch and receive the marketing and distribution rights of Tamiflu in the United States
In March 2018, GlaxoSmithKline plc purchased 36.5% stake in the Consumer Healthcare Joint Venture from Novartis AG. This agreement provides GlaxoSmithKline plc business of sensodyne toothpaste and over-the-counter pills from Novartis AG. By this deal, GlaxoSmithKline plc will own the OTC business of the company and Novartis AG will be enabled to focus on its core businesses
Highlights of the Report
- In-depth analysis of various insights, namely, Over the Counter (OTC) Drugs Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and market shares.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Also, Research Report Examines:
- Current and Future Development Possibilities and Assessment of niche Key Competitive Landscape
- By Applications, Verticals and Deployment Model
- Region-Wise Assessment for Major Applications / End Users / Usage Area
Over the Counter (OTC) Drugs Table of Contents
- Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study with 100 data tables and 40 additional tables
- Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.
- Vendor Landscape: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.
- Key Success Factors: This section provides details about market size by product and application with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2027
- Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
- Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.
- Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.
- Examination of the current trends and future prospects, products, evolving technologies, and new industries.
- Appendix: It includes details about research and Discussion Guide, research methodology, data sources, authors of the study, disclaimer and Available Customizations.
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