Over-The-Counter (OTC) Drugs Market Analysis- Opportunities Sales, Revenue, Gross Margin, Outlook and Forecast To 2024 - PowerPoint PPT Presentation

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Over-The-Counter (OTC) Drugs Market Analysis- Opportunities Sales, Revenue, Gross Margin, Outlook and Forecast To 2024

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Over-The-Counter (OTC) Drugs Market size is expected to grow rapidly during the forecast period due to rising geriatric population and increasing demand from patients to treat various medical conditions without requiring physician’s consultation. As per WHO estimates, the worldwide elderly population aged 65 years and above is set to rise to 16% by 2050 from 7% in 2000, fueling the demand for medicines in the future. – PowerPoint PPT presentation

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Title: Over-The-Counter (OTC) Drugs Market Analysis- Opportunities Sales, Revenue, Gross Margin, Outlook and Forecast To 2024


1
Over-The-Counter (OTC) Drugs Market Size,
Industry Analysis Report, Regional Outlook from
2017 to 2024. Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Regional Analysis of Over-The-Counter (OTC) Drugs
Market
  • India and China will show exponential growth due
    to rising population, growing awareness for
    consumer healthcare drugs for health problems and
    increasing investment in healthcare sector.
  • Some of the other major factors include changing
    climatic conditions, rise in self-medication,
    affordability for these medicines and convenience
    for purchase of over-the-counter drugs boosting
    the overall demand in the coming years.
  • Brazil over-the-counter drugs market is expected
    to grow rapidly over the forecasted timeline
    owing to rising awareness about OTC drugs to
    treat minor conditions, rising healthcare costs
    leading to increased adoption, cost-benefits, and
    convenient purchase options in the coming years.
  • Some of the prominent players in the OTC drugs
    market include GlaxoSmithKline (GSK), Bayer
    Healthcare, Johnson Johnson, Novartis, Merck,
    Pfizer and Sanofi.

3
  • Effective promotional marketing activities and
    rising RD efforts to develop novel products and
    fetch huge consumer base are major growth
    strategies adopted by key players in the industry
    to capture higher market share and gain a
    competitive edge.
  • Some of the other participants are Teva
    Pharmaceuticals, Takeda, Cipla, Sun
    Pharmaceutical Industries, Glenmark and Innovus
    Pharmaceuticals. Mergers, joint ventures,
    collaborations, distribution agreements and
    acquisitions are other growth strategies adopted
    by the players to sustain in the market.
  • North America OTC drugs market accounts for
    largest revenue share due to the increased
    acceptance by consumers in the U.S., established
    regulatory authorities, rising preference for
    over-the-counter medicines for minor ailments
    coupled with increasing self-medication and
    self-care.
  • Rising demand from elderly population, presence
    of giant pharmaceutical companies developing
    novel products for minor health issues, easy
    availability and cost-savings are accelerating
    the European OTC drugs market growth.

4
Competitive Market Share of Over-The-Counter
(OTC) Drugs Market
  • Over-The-Counter (OTC) Drugs Market size is
    expected to grow rapidly during the forecast
    period due to rising geriatric population and
    increasing demand from patients to treat various
    medical conditions without requiring physicians
    consultation.
  • As per WHO estimates, the worldwide elderly
    population aged 65 years and above is set to rise
    to 16 by 2050 from 7 in 2000, fueling the
    demand for medicines in the future.
  • OTC drugs can be easily available through
    pharmacies, grocery stores, hospitals, online
    resources and other distributing channels. Easy
    accessibility, cost-savings in healthcare
    services and rise in self-medication will further
    boost the industry over the coming years.
  • Rising awareness for consumer healthcare products
    coupled with shifting trend of pharma companies
    from prescription-based to non-prescription-based
    medicines or over-the-counter drugs should boost
    the business growth over the forecast timeframe.
    .

5

Browse Full Market Research Report On
Over-The-Counter (OTC) Drugs Market _at_
http//bit.ly/2uAjyQv Request for an in-depth
table of contents for this report _at_
http//bit.ly/2tYGQ0u
6
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