Recent research: Over-the-Counter Pain Medication Market is expected to grow at a CAGR of ~4% by 2029 - PowerPoint PPT Presentation

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Recent research: Over-the-Counter Pain Medication Market is expected to grow at a CAGR of ~4% by 2029

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The OTC (over-the-counter) pain medication market surpassed US$ 18 billion in 2018, with growth influenced by changing perceptions on generic pharmaceutical drugs, according to a recent study published by Future Market Insights (FMI). The study opines that market revenue will rev up at an improved rate of 3.7% to exceed US$ 19.3 billion in 2019. FMI analyzes various aspects of market growth influencing the OTC pain medication market. – PowerPoint PPT presentation

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Title: Recent research: Over-the-Counter Pain Medication Market is expected to grow at a CAGR of ~4% by 2029


1
Over-the-Counter Pain Medication Market
  • February 2020

Report Id REP-GB-8947 Published On
February-2019 Category Healthcare,
Pharmaceuticals Medical Devices
2
About Future Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Over-the-Counter Pain Medication Market Analysis
  • Over-the-Counter Pain Medication Market to
    Witness CAGR of 4 Rise in Value Share During
    the Period 2019 2029
  • VALLEY COTTAGE, N.Y. (GLOBE NEWSWIRE) -- The OTC
    (over-the-counter) pain medication market
    surpassed US 18 billion in 2018, with growth
    influenced by changing perceptions on generic
    pharmaceutical drugs, according to a recent study
    published by Future Market Insights (FMI). The
    study opines that market revenue will rev up at
    an improved rate of 3.7 to exceed US 19.3
    billion in 2019. FMI analyzes various aspects of
    market growth influencing the OTC pain medication
    market.
  • Many consumers are making a shift to generic
    drugs to reduce total spending on
    non-prescription or OTC pain medication. Various
    governing bodies, such as the United States Food
    and Drug Administration (FDA), have implemented
    stringent regulations and labeling rules to
    ensure the safety and effectiveness of OTC pain
    medications. Leading players in the OTC pain
    medication market are collaborating with generic
    drug-makers to capitalize on the trend of
    consumer inclination towards generic versions of
    branded OTC pain medications, finds FMI.
  • The FMI study features valuable and actionable
    insights obtained through thorough research on
    OTC pain medication market. Some of the insights
    mentioned in the study are,
  • Growing geriatric population and prevalence of
    chronic pain-related disorders among the elderly
    population is bolstering sales of OTC pain
    medications.

5
Over-the-Counter Pain Medication Market Analysis
  • Over 20 of the adult population of the world is
    already suffering from pain-related disorders and
    new cased of pain-related problems are reported
    by over 10 of the global population, which is
    increasing significantly every years. This is
    providing an impetus to growth of the OTC pain
    medication market.
  • Increasing awareness about the side effects of
    pain killers, such as stomach ulcers and
    gastrointestinal problems, may hamper the OTC
    pain medication market growth.
  • Developed countries will dominate the OTC pain
    medications market with more than half the
    revenue share of the market. However, developing
    countries in Southeast Asia will witness fastest
    growth in the OTC pain medication market with
    rapidly developing pharmaceuticals and healthcare
    sector in the region.
  • Acetaminophen Drugs Hold Majority Share in OTC
    Pain Medication Market
  • The FMI study thoroughly assesses growth of the
    OTC pain medication market based on various drug
    classes, such as Nonsteroidal anti-inflammatory
    drugs (NSAIDS), acetaminophen, and local
    anesthetics. The study finds that acetaminophens
    are among the most commonly purchased OTC pain
    medication, and this drug class holds 45 share
    in the revenues of OTC pain medication market. As
    acetaminophen is considered as a safer pain
    medication than other pain relievers, its demand
    will continue to remain high in the upcoming
    years, opines the FMI study.

6
Over-the-Counter Pain Medication Market Analysis
  • The Consumer Healthcare Products Association
    (CHPA), an American trade association, recently
    published a study on the misuse of
    acetaminophen-based OTC combination products. The
    study found that a 28 percent decline was
    recorded in therapeutic misuse exposures
    involving acetaminophen-containing OTC
    combination products. The incidents of
    acetaminophen misuse decreased from 8,753 to
    6,278 between 2007 and 2016, which is a
    substantial evidence for the safety and
    effectiveness of acetaminophen-containing OTC
    pain medications.
  • Thereby, the FMI study opines that the
    acetaminophen drugs will maintain a maximum share
    of over US 8.7 billion in the OTC pain
    medication market through 2019, and the trend
    will continue to persist in the coming future.
  • Governments take Initiatives to Spread Awareness
    about Safe Use of OTC Pain Medications
  • Despite the increasing reliance on OTC pain
    medications, a large consumer group is still
    skeptical about their effectiveness and positive
    impacts on health. In order to help consumers to
    avoid incorrect use of OTC pain medications, many
    governing bodies including FDA have developed
    guidelines and tips for patients for choosing
    appropriate OTC pain medications. Consumers are
    becoming conscious about the drug fact labeling
    (DFL) requirements and other regulations
    vis-à-vis OTC pain medications, which is
    influencing major dynamics of the OTC pain
    medication market, projects the FMI study.
  • Press-Release Source https//www.globenewswire.c
    om/news-release/2019/02/20/1738355/0/en/Over-the-C
    ounter-Pain-Medication-Market-will-Exhibit-a-Stead
    y-4-0-CAGR-through-2028-Future-Market-Insights.htm
    l

7
Over-the-Counter Pain Medication Market Analysis
  • About Future Market Insights (FMI)
  • Future Market Insights (FMI) is a leading
    provider of market intelligence and consulting
    services, serving clients in over 150 countries.
    FMI is headquartered in London, the global
    financial capital, and has delivery centers in
    the U.S. and India. FMI's latest market research
    reports and industry analysis help businesses
    navigate challenges and take critical decisions
    with confidence and clarity amidst breakneck
    competition.
  • Contact
  • Mr. Abhishek Budholiya
  • 616 Corporate Way, Suite 2-9018,
  • Valley Cottage, NY 10989,
  • United States
  • T 1-347-918-3531

8
Over-the-Counter Pain Medication Market Analysis
  • F 1-845-579-5705
  • T (UK) 44 (0) 20 7692 8790
  • For Sales Enquiries sales_at_futuremarketinsights.co
    m

9
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contact Hari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor, 207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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