The “Over the Counter Drugs Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Over the Counter Drugs Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Over the Counter Drugs market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.
Top Manufacturers of Over the Counter Drugs Market Are:
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Scope of the Report:
Over the Counter Drugs Market Report Answers the Following Questions:
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the global Over the Counter Drugs market?
- What are the key market trends impacting the growth of the global Over the Counter Drugs market?
- What are the challenges to market growth?
- Who are the key vendors in the global Over the Counter Drugs market?
- What are the market opportunities and threats faced by the vendors in the global Over the Counter Drugs market?
- Trending factors influencing the market shares of the relevant regions.
- What are the key outcomes of the five forces analysis of the global Over the Counter Drugs market?
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Key Market Trends:
Weight-loss and Dietary Products Segment Expected to Grow with a High CAGR
The weight-loss and dietary products segment is believed to show the highest CAGR of 8.10% during the forecast period. This is majorly attributed to the rising awareness of the general population about health and rise in the consumption of junk food, which is leading to the rise in lifestyle-related diseases. The VMS (vitamins, minerals, and supplements) segment is believed to have the largest market share.
VMS and weight loss OTC drugs contribute the most to the overall market. In fact, nearly 1/4th of the market belongs to this segment. The reason for this major share is the vast customer base for various products under this category. Unlike other conditions, which are intense in nature, the VMS and weight loss conditions are not very bothersome. OTC products for these conditions are more of precautious nature than that of treatment or cure. And this is why the number of customers is relatively high than the ones for other indications. Large customer pools give rise to high demand, which, in turn, results in high revenue generation. VMS products are very popular in developed countries because of the increasing unhealthy population
North America is Expected to Dominate the Market in the Forecast Period
North America currently dominates the market for over the counter drugs and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the leading trend among pharmaceutical companies to switch from Rx to OTC drugs. Report of the National Institute of Health has stated that 93% of adults in the United States prefer to treat their minor ailments with OTC medicines before seeking professional care, and 85% of parents in the United States prefer to treat their children’s minor ailments with an OTC medicine before seeking professional care. This is resulting in the formation of the bigger market.
Market Dynamics: –
- Drivers: (Developing regions and growing markets)
- Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
- Opportunities: (Regional, Growth Rate, Competitive, Consumption)
The report provides key statistics on the market status of the Over the Counter Drugs Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Over the Counter Drugs.
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- Analyzing the size of the Over the Counter Drugs market on the basis of value and volume.
- Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Over the Counter Drugs market.
- Determining the key dynamics of the Over the Counter Drugs market.
- Highlighting significant trends of the Over the Counter Drugs market in terms of manufacture, revenue, and sales.
- Deeply summarizing top players of the Over the Counter Drugs market and showing how they compete in the industry.
- Studying industry processes and costs, product pricing, and various trends related to them.
- Displaying the performance of different regions and countries in the global Over the Counter Drugs market.
Detailed TOC of Over the Counter Drugs Market Report 2019-2024:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Product Innovation
4.2.2 High Penetration in Emerging Markets
4.2.3 Favorable Regulatory Framework
4.2.4 Inclination of Pharmaceutical Companies Toward OTC Drugs from RX Drugs
4.3 Market Restraints
4.3.1 Probability of Substance Abuse
4.3.2 Lack of Awareness in Rural Areas
4.4 Industry Attractiveness of Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Cough, Cold, and Flu Products
5.1.3 Dermatology Products
5.1.4 Gastrointestinal Products
5.1.5 Vitamins, Mineral, and Supplements (VMS)
5.1.6 Weight-loss/Dietary Products
5.1.7 Ophthalmic Products
5.1.8 Sleeping Aids
5.1.9 Other Product Types
5.2 By Distribution Channel
5.2.1 Hospital Pharmacies
5.2.2 Retail Pharmacies
5.2.3 Online Pharmacy
5.2.4 Other Distribution Channels
5.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
5.3.5 South America
18.104.22.168 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Johnson and Johnson
6.1.2 Novartis AG
6.1.3 Bayer AG
6.1.6 GlaxoSmithKline PLC
6.1.7 Perrigo Company PLC
6.1.8 Reckitt Benckiser Group PLC
6.1.9 Takeda Pharmaceutical Company Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
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