(Health-NewsWire.Net, April 12, 2017 ) According to the report Global OTC drugs , published by Market Data Forecast, the global market is projected to reach USD 188.19 billion by 2021, at a CAGR of 7.4% from 2016 to 2021.
For full report refer to http://www.marketdataforecast.com/market-reports/global-over-the-counter-drugs-market-509/
Over the counter (OTC) drugs are the effective and safe drugs, which can be bought at the pharmacies and local stores, over the counter, without doctors prescription. These OTC Drugs Market are seldom used for common ailments. They are dispensed by the pharmacists, after the verification of customers age and identification. Acetaminophen, aspirin and ibuprofen are the most common OTC drugs. OTC drugs market is booming with the allowance of previously high-priced prescribed drugs, shifting to OTC category.
Free sample of the report is available at http://www.marketdataforecast.com/market-reports/global-over-the-counter-drugs-market-509/request-sample
OTC drugs are developed under OTC Monograph process or through New Drug Application (NDA) process. These drugs come with a monograph on which the ingredients of the drug, dosage and user instructions are written. Easy accessibility, lower costs, convenience, customer-empowering qualities are the benefits of OTC drugs. With the increasing number of chemists and pharma dispensaries, the drugs are readily available.
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Public started showing pro-active approach towards the ailments. Along with that, they are also resorting to lower-priced alternatives due to raising costs in healthcare. The cultural shift in public towards self-reliance leads in gaining major acquisitions. These are some of the drivers that shoot up the market growth. However, the market growth is hindered due to the issue of drug substance abuse and lack of awareness in under-developed areas. For granular level understanding the OTC Drugs Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
Based on Type: Analgesics Cough, Cold and Flu Products Vitamins and Minerals Dermatological Products Gastrointestinal Products Ophthalmic Products Sleep Aid Products Weight Loss/Diet Products Others Based on Formulation: Tablets Liquids Ointments Sprays Based on Distribution Channels: Pharmacies Supermarkets/Hypermarkets Convenience Stores Others (Online drug stores)
Based on geography, the report contains a wide array of countries covering all around the globe. Countries in the North American and European region are the top contributors to this market. China, Japan, India, Brazil and Argentina are identified as the predominant markets for OTC Drugs. For more of regional analysis check out the following reports. North America OTC Drugs Market Europe OTC Drugs Market Asia-Pacific OTC Drugs Market Latin America OTC Drugs Market Middle East and Africa OTC Drugs Market
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The major companies operating in the global OTC Drugs Market are GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, GSK Boehringer Ingelheim, Sanofi, Takeda and PGT Healthcare. Top five mega categories within OTC contribute about 72% of total OTC sales: Respiratory ($7.7B), Oral Care ($4.2B), Gastrointestinal ($4.2B), Internal Analgesics ($3.8B), and Eye Care ($1.7B)
The OTC Drugs Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming Segment-level analysis on basis of type, formulation, distribution channel along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Drugs Segment:
Anti-Aging Market: http://www.marketdataforecast.com/market-reports/global-anti-aging-market-1398/
Anticoccidial Drugs Market: http://www.marketdataforecast.com/market-reports/global-anticoccidial-drugs-market-13/
Antifungal Drugs Market: http://www.marketdataforecast.com/market-reports/global-anti-fungal-drugs-market-242/
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