Allied Market Research

2024

Over The Counter (otc) Drugs Market

Over The Counter (OTC) Drugs Market Size, Share, Competitive Landscape and Trend Analysis Report by Category, by Dosage Form, by Type and by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Pharmaceuticals

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Author's: | Roshan Deshmukh
Publish Date:

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Over the counter (OTC) drugs are non-prescription drugs that can be purchased following the directions on the drug label or as directed by a physician. These medications do not require consultation and can be used to cure diseases such as tooth decays, pains, aches, itches, and others.

Factors such as easy to purchase, low cost, increasing usage of medications for minor health issues, along with the introduction of innovative drugs drives the market growth. However, misuse of OTC drugs and the complications faced by taking wrong medications restrain the market growth. But high acceptance of OTC drugs in emerging markets and promotions & marketing initiatives regarding OTC drugs increase opportunities for the market growth during the forecast period.

The over the counter (OTC) drugs market is segmented on the basis of category, dosage form, type, distribution channel, and region. On the basis of category, it is segmented into 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. Based on dosage form, the market is categorized into tablets, hard capsules, powders, ointments, soft capsules, liquids, and others.

By product, it is segmented into branded & generic drugs; by distribution channel pharmacies it is segmented into grocery stores, vitamin & health food stores, online pharmacies, and others. Geographically, the market has been analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

The key players in the market include Bayer AG, GlaxoSmithKline plc, Johnson & Johnson, Pfizer Inc., Sanofi S.A., Eli Lilly & Company, Merck & Co Inc., AstraZeneca plc, Abbott Laboratories, and Bristol-Myers Squibb Company.

Key Benefits

  • The study provides an in-depth analysis of the market with current trends and future estimations to elucidate imminent investment pockets.
  • It offers a quantitative analysis, which is expected to enable stakeholders to capitalize on prevailing market opportunities.
  • Extensive analysis by product helps understand various classes of drugs in the OTC market.
  • Comprehensive analysis of all geographical regions has been provided, which helps determine prevailing opportunities.
  • Key players have been profiled and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the global market.

Over The Counter (OTC) Drugs Market Report Highlights

Aspects Details
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By Category
  • Cough and Cold Products
  • Analgesics
  • Gastrointestinal Products
  • Sleep Aids
  • Otic Products
  • Wart Removers
  • Mouth Care Products
  • Ophthalmic Products
  • Botanicals
  • Antacids
  • Smoking Cessation Products
  • Feminine Care
  • Others
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By Dosage Form
  • Tablets
  • Hard Capsules
  • Powders
  • Ointments
  • Soft Capsules
  • Liquids
  • Other
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By Type
  • Branded Drugs
  • Generic Drugs
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By Distribution Channel
  • Pharmacies
  • Grocery Stores
  • Vitamin and Health Food Stores
  • Online Pharmacies
  • Others
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Key Market Players

GlaxoSmithKline plc, Bristol-Myers Squibb Company., Abbott Laboratories, Eli Lilly and Company, Bayer AG, AstraZeneca plc, Merck and Co Inc., Pfizer Inc., Sanofi S.A., Johnson and Johnson

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Over The Counter (OTC) Drugs Market

Global Opportunity Analysis and Industry Forecast, 2023-2032