Uploaded on Jan 25, 2022
Over the counter (OTC) drugs are basically non-prescription medicines, which are sold without the doctors prescription. Hence, retrieving OTC drugs has become an easy task due to the wide availability of OTC drugs in pharmacies and online health websites. In addition, OTC drugs are regulated by active pharmaceutical ingredients (APIs) and not by the final product.
Over the Counter (OTC) Drugs/Dietary Supplements Market Outlook and Opportunities in Grooming Regions
OTC Drugs & Dietary Supplements Market
to Expand in Size by Highest Revenue up
to 2026, Claims AMR
Over the Counter (OTC) Drugs & Dietary Supplements Market by Category (Vitamin and Dietary Supplements, Cough & Cold Products, Analgesics,
Gastrointestinal Products, Sleep Aids, Otic Products, Wart Removers, Mouth Care Products, Ophthalmic Products, Botanicals, Antacids, Smoking
Cessation Products, Feminine Care, and Others), Dosage Form (Tablets, Hard Capsules, Powders, Ointments, Soft Capsules, Liquids, and Others),
Product (Branded, and Generic Drugs), and Distribution Channel [Pharmacies, Grocery Stores, Vitamin and Health Food Stores, Online Pharmacies,
and Others] - Global Opportunity Analysis and Industry Forecast, 2018-2026
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INFALLIBLE METHODOLOGY
To ensure high-level data integrity, accurate analysis, and
impeccable forecasts Q1. What is the total market value of Over the
Counter (OTC) Drugs & Dietary Supplements
ANALYST SUPPORT Market report?
For complete satisfaction Q2. What would be forecast period in the
market report?
CUSTOMIZATION
Q3. What is the market value of Over the
On-demand customization of scope of the report to exactly meet Counter (OTC) Drugs & Dietary Supplements
your needs Market in 2020?
TARGETED MARKET VIEW Q4. Which is base year calculated in the Over
the Counter (OTC) Drugs & Dietary
Targeted market view to provide pertinent information and save Supplements Market report?
time of readers
Q5. Which are the top companies hold the
market share in Over the Counter (OTC) Drugs
& Dietary Supplements Market?
Overview
According to a new report published by Allied Market
Research, titled, Over the Counter (OTC) Drugs & Dietary
Supplements Market by Category, Dosage Form, Product, and
Distribution Channel: Global Opportunity Analysis and
Industry Forecast, 2017-2023," the global over the counter
(OTC) drugs & dietary supplements market was valued at
$223 million in 2016, and is projected to reach $335 million
by 2023, growing at a CAGR of 5.9% from 2017 to 2023. The
vitamins and dietary supplements (VDS) segment accounted
for maximum share of about half the global market share in
2016.
The global market is driven by improvement in lifestyle &
ageing of baby boomers, rise in awareness about general
health concerns, and increase in trend among individuals to
opt for OTC drugs for self-medication.
Segments
In terms of revenue, the global surgical robotics market is segmented on
the basis of Category, Dosage Form, Product, Distribution Channel End
User.
By Product - The cough & cold products segment is expected to grow at a
robust CAGR of 6.1% from 2017 to 2023, owing to blockbuster sales of
these drugs. As cold & cough is the most commonly acquired ailment
among all age groups across the globe, the sales of OTC drugs has
increased in the recent years. Gastrointestinal products are the attractive
segment due to increased OTC drug sales for treating gastrointestinal
disorders such as diarrhea, constipation, indigestion, bouts of vomiting
among others.
The tablets segment generated the highest revenue in 2016, accounting
for about two-ninths share of the global market, and is expected to
maintain this trend during the forecast period. This is due to high
prevalence of diseases coupled with the advantages of consuming tablets
and provision of accurate dosage level for different patient type.
Geography
North America dominated the Over the Counter
(OTC) Drugs & Dietary Supplements Market. The
market growth in North America is primarily a
reflection of product innovations and launches
resulting from technological advancements. The
companies mostly adopted product launch,
acquisition, and expansion as their key strategies to
keep pace with the changing demands of consumers
and strengthen their market position.
Key Market Players
The key players operating in the global Over the Counter (OTC) Drugs & Dietary
Supplements Market are
• Pfizer Inc.,
• Novartis International AG.,
• Roche Holding AG,
• Merck & Co., Inc.,
• Sanofi S.A,
• Johnson & Johnson,
• Gilead Sciences,
• GlaxoSmithKline plc.,
• Bayer Healthcare AG,
• AstraZeneca plc.
The other players in the value chain of the global market include Allergan, Plc., Reckitt
Benckiser Plc., AbbVie Inc., Sun Pharma, Daiichi Sankyo Co., Ltd., Alcon Inc., Alfresa Pharma
Corporation, Alkalon A/S, Alliance Healthcare, and Allergan, Plc.
• An in-depth market analysis includes analysis of various
Key Findings of the regions, which is anticipated to provide a detailed
Over the Counter understanding of the current trends to enable
stakeholders formulate region-specific plans.
(OTC) Drugs & • A comprehensive analysis of factors that drive and
Dietary Supplements restrain the growth of the global is provided.
Market: • The projections in this report are made by analyzing the
current trends and future market potential from 2021 to
2030, in terms of value.
Find out more at the Allied Market Report store
https://www.alliedmarketresearch.com/over-the-counter-OTC-drugs-and-dietary-supplements-market
ABOUT ALLIED MARKET RESEARCH
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched
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insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their
respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented
in the reports published by us is extracted through primary interviews with top officials from leading companies of domain
concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with
knowledgeable professionals and analysts in the industry.
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