This report provides exclusive insights into the COVID-19 impact on the Consumer Healthcare Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Consumer Healthcare Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Consumer Healthcare Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on consumer
healthcare market provides in-depth analysis of segments and sub-segments in
the global as well as regional consumer healthcare market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional consumer healthcare market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global consumer healthcare market. According to the report,
the global consumer healthcare market is projected to grow at a CAGR of 9.0%
over the forecast period of 2019-2025.
Consumer healthcare deals with products in skin health, wellness,
nutrition, and oral health. Consumer healthcare products mainly constitute OTC
(over-the-counter) drugs which are medicines, without a prescription from a
healthcare professionals, which are sold directly to the consumer. The consumer
healthcare market or industry is extremely fragmented and leading manufacturers
remain to strengthen their position in the market through high-profile
acquisition and various marketing strategy.
The global consumer healthcare market is primarily driven by
increasing healthcare costs, large demand for self-medication, the growing
geriatric population which is more susceptible to contracting diseases, shift
from medication prescription to OTC products, and deterioration in mental
health. Moreover, the rise in disposable income and the approval of preventive
& wellness medicine is expected to fuel the market growth in the near
future. However, the presence of counterfeit pharmaceuticals and stringent
regulations of governmental for healthcare industry expected to hinder the
demand for the global consumer healthcare market. Nonetheless, the growing demand
for branded products, along with accelerated & development use of online
sources, OTC generics, and private labels are anticipated to create a new
opportunity for the global consumer healthcare market.
On the basis of region, the global consumer healthcare market is
bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle
East and Africa. Asia-Pacific is expected to exhibit rapid growth owing to the
cheap labor and lower cost of manufacturing, less regulatory complications, with
a large number of GMP (good manufacturing practice) facilities. North America
held the largest revenue share for the global consumer healthcare market in
2018 owing Major consumer products, CRAMS organizations, pharmaceutical, health
insurance companies, medical device, and manufacturing companies are located in
the region followed by Europe. The ECHA (European Chemicals Agency) EC
(European Commissions) the chemical regulation body is mainly focused on
evaluation and testing of chemicals and entities under REACH, to assess the
effect on people of these substances and aims to update and fill the gaps in
dossiers to enhance data quality.
The report on global consumer healthcare market covers segments
such as product, and distribution network. On the basis of product, the
sub-markets include OTC pharmaceuticals, and dietary supplements. On the basis
of the distribution network, the sub-markets include departmental stores,
independent retailers, pharmacies or drugstores, specialist retailers, and
supermarkets or hypermarkets.
The report provides profiles of the companies in the market such
as Johnson & Johnson, Pfizer Inc., Boehringer Ingelheim GmbH, Abbott
Laboratories, Sanofi, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd.,
Amway, BASF SE, and Bayer AG..
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of consumer
healthcare market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.