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,
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
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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.

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• 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.

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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.
  .

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