OTC Drugs Market size valued at more than USD 151 billion in 2020 and is expected to grow at a CAGR of over 5% between 2021 and 2027.
Non-prescription drugs (OTC), also known as non-prescription drugs, are drugs that do not require a prescription from a healthcare professional to sell to consumers. Consumers can follow the instructions mentioned on the label and these drugs are safe to use. These drugs can be purchased at pharmacies, supermarkets, general stores, and gas stations in many countries. However, these drugs are authorized only to be dispensed by the pharmacist after verifying the age, identity, and patient knowledge of the product and its usefulness. Non-prescription drugs such as pain relievers, dermatology, and digestive pills are used to treat minor health problems. OTC drugs are regulated and manufactured according to the OTC Monograph or New Drug Application (NDA) process.
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A full report of Global Over-the-Counter (OTC) Drugs Market is available at: https://www.orionmarketreports.com/over-the-counter-otc-drugs-market/53249/
Market Segments
By Product
- Analgesics
- Cold, Cough & Flu Products
- Weight Loss Products
- Gastrointestinal Products
- Skin Products
- Mineral And Vitamin Supplements
- Sleeping Aids
- Ophthalmic Products
- Others
Key Players
The prominent players of over-the-counter (OTC) drugs market involve Johnson & Johnson Services, Inc., Bayer AG, GlaxoSmithKline plc, Sanofi S.A., Dr. Reddy’s Laboratories Ltd., Cipla Limited, and others
Scope of the Report
The research study analyzes the global Over-the-Counter (OTC) Drugs industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Over-the-Counter (OTC) Drugs Market Report
1. What was the Over-the-Counter (OTC) Drugs Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Over-the-Counter (OTC) Drugs Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Over-the-Counter (OTC) Drugs Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Over-the-Counter (OTC) Drugs market.
• The market share of the global Over-the-Counter (OTC) Drugs market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Over-the-Counter (OTC) Drugs market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Over-the-Counter (OTC) Drugs market.
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