Global OTC Medications Market is Expected to Reach a Market Value of USD 557.99 billion by 2027

OTC Medications Market is estimated to grow at 7.0% for 2020-2027 with factors such as rising usage of drugs for harmful purpose along with lack of awareness among the people which will restrict the growth of the market in emerging economies.

OTC medications market has shown an exceptional penetration in developed economies in North America. Increasing adoption of OTC medications along with growth of pharmaceutical industries which will help in driving the growth of the market.

OTC Medications Market Scenario

According to Data Bridge Market Research the OTC medications market is witnessing a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as increasing applications in medications, rising demand of OTC drugs, growing number of research activities, increasing support from government which will help in boosting the growth of the market.

Now the question is which are the other regions that OTC medications market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific OTC medications market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the OTC medications market.

For more analysis on the OTC medications market request for a briefing with our analysts

OTC Medications Market Development

  • In April 2018, Procter & Gamble Co. announced the acquisition of Merck KGaA consumer healthcare business. This acquisition will help the company to increase their product portfolio by providing advance medications and drugs in the market.

Scope of the OTC Medications Market

OTC medications market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the OTC medications market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the market is segmented into cough, cold, and flu products, analgesics, dermatology products, gastrointestinal products, vitamins, mineral, and supplements (VMS), weight-loss/dietary products, ophthalmic products, sleeping aids, and other product types. Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, online pharmacy, and other distribution channels. Based on dosage form, the market is segmented into tablets, hard capsules, powders, ointments, soft capsules, liquids, and others. Based on category, the market is segmented into branded, and generic drugs..
  • OTC medications is used to provide relief and treatment which is easily available in pharmaceutical store without the prescription of the doctors and with the proper follow up these medications they are proved to be very effective with no side effect.

To know more about the study

Key Pointers Covered in the OTC Medications Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Johnson & Johnson Services, Inc.
  • Novartis AG
  • Bayer AG
  • sanofi-aventis U.S. LLC
  • Pfizer Inc.
  • GlaxoSmithKline plc
  • Perrigo Company plc
  • Reckitt Benckiser Group plc.
  • Takeda Pharmaceutical Company Limited.
  • Alkem Labs
  • Sun Pharmaceutical Industries Ltd.
  • Cipla Inc
  • Teva Pharmaceutical Industries Ltd.
  • Dr. Reddy’s Laboratories Ltd.
  • Piramal Enterprises
  • Merck & Co., Inc
  • F. Hoffmann-La Roche Ltd

Above are the key players covered in the report, to know about more and exhaustive list of OTC Medications companies contact us

Research Methodology: Global OTC Medications Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Related Reports

Browse in Healthcare Category Related Reports@