Report Code: A12307 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Over-the-counter Pain Medication Market
Request Now !Over-the-counter (OTC) medicines are drugs that are sold without the need for a prescription by registered pharmacists. People commonly reach for OTC pain medications to treat even the slightest physical pain, whether at work or home. OTC pain medications are available in brand and generic formulations as tablets, capsules, creams, ointments, sprays, and patches. Paracetamol is the most commonly used OTC analgesic and it does not have any anti-inflammatory effects. Paracetamol prevents prostaglandin synthesis in the central nervous system (CNS). Acetaminophen has been proposed as the first line of treatment for acute lower back pain.
COVID-19 Impact Analysis
COVID-19 is a life-threatening disease that spread all around the world. World Health Organization (WHO) declared emergency guidelines to control its spread. Governments enforced lockdown in the first half of 2020. During this period, the requirement for over-the-counter drugs showed a significant rise. COVID-19 has shown an adverse effect on patients with chronic diseases. Also, during the COVID-19 outbreak, 6 OTC drugs were approved by the Food and Drug Administration (FDA) to treat mild symptoms. People are taking the medications that work for cold or flu or fever from pharmacies. Hence, the COVID-19 pandemic has positively driven the over-the-counter pain medication market.
Top Impacting Factors
Market Trends
New Product Launches to Flourish the Market
Surge in Usage of Acetaminophen drugs
As more people are getting involved in sports activity, more people are suffering from various pains. Key players are focusing to develop more improved product, so the pain relief time and the dose can be decreased. Various research innovations are going on to advance the product and create unique forms of products so that the patients can easily be cured of the pain. Acetaminophen is among the best purchased OTC pain medications and this drug class that holds a 45% share in the revenues of the OTC market. As acetaminophen is believed as a safer pain medication than other pain relievers, its need will continue to remain high in the market in the coming years.
Key Benefits of the Report
Questions Answered in the Over-The-Counter Pain Medication Report
Over-the-Counter Pain Medication Market Report Highlights
Aspects | Details |
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By Drug Type |
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By Route of Administration |
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By Distribution Channel |
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Key Market Players | GlaxoSmithKline PLC, Pfizer, Novartis, PGT Healthcare, Sanofi, Sun Pharmaceutical Industries Ltd, Johnson and Johnson, Boehringer Ingelheim, Takeda Pharmaceutical Company Limited, Bayer AG |
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