The global over the counter (OTC) drugs market is anticipated to grow at a CAGR of around 7% during the forecast period. OTC drugs are intended to relieve from minor aches, pains, and itches and it can be bought easily without any prescription. Hundreds of OTC drugs are available at pharmacy stores including cosmetics and dietary supplements that can be sold directly to the consumer. According to Consumer Healthcare Product Association (CHPA) in 2018, around 81% adults in the US, uses OTC drugs as a first line of treatment.
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The major factors contributing to the growth of the OTC drugs market include the benefits offered by these drugs such as the lower chances of misuse and abuse and easy to use for self-diagnosed health conditions. In addition, health professional and prescription is not required. Additionally, government and regulations, funding and various initiatives will also drive the global OTC drugs market. For instance, in December 2019, Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019 was passed in the US. The new law will work to reform and affect the safety, innovation, and affordability of over-the-counter drugs.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Over the Counter (OTC) drug Market by Product Type
- Analgesics and Pain Relievers
- Cough, Cold and Flu Products
- Vitamin & Mineral Supplements
- Ophthalmic Products
- Others
Over the Counter (OTC) drug Market by Distribution Channel
- Retail & Supermarket
- Online Platform
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Achelios therapeutics., Inc.
- Alkem Laboratories Ltd.
- Amgen Inc.
- Amway Corp.
- AstraZeneca PLC
- Bayer AG
- Boehringer Ingelheim International GmbH
- Bristol-Myers Squibb Co.
- Cipla Ltd.
- Reddy’s Laboratories Ltd.
- GlaxoSmithKline Plc
- Glenmark Pharmaceuticals Ltd
- Johnson & Johnson Services, Inc.
- Merck KGaA
- Novartis International AG
- Perrigo Co. plc
- Pfizer, Inc
- Reckitt Benckiser Group plc
- Sanofi SA
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global over the counter (OTC drugs market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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