A recent report published by Infinium Global Research on
over-the-counter drug market provides in-depth analysis of segments and
sub-segments in global as well as regional over-the-counter drug market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional over-the-counter drug 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 over-the-counter drug market. According to
report, the global over-the-counter drug market is projected to grow at a CAGR
of 7.6% over the forecast period of 2018-2024.
innovation in the over-the-counter drug market like making different products for
the similar illness depending on their severity. Moreover, this will help as
one product for severe conditions and the other for mild. However, product
innovations in the over-the-counter drug market are anticipated to boost the
growth of the market globally over the forecast period. Increasing inclination
of people towards non-prescription drugs in developing countries coupled with
easy availability and affordability is the key factor responsible for the
growth of over-the-counter drugs market across the globe. Moreover, increasing
awareness related to general health concerns cost saving advantage of OTC
drugs that do not require direct consultation of doctor and advancements in
pharmaceuticals industry will further drive the global over-the-counter drugs
market over the forecast period.
The report on global over-the-counter drug market covers segments
such as route of administration and therapeutic class. On the basis of route
of administration the global over-the-counter drug market is categorized into
parenteral, topical, oral and others. On the basis of therapeutic class, the
global over-the-counter drug market is categorized into pain medications,
gastrointestinal drugs, dietary supplements, respiratory drugs, and others.
The report provides regional analysis covering geographies such as
North America, Europe, Asia-Pacific, and Rest of the World. In this section, the
key trends and market size for each geography are provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and
Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia,
and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe
are included in the European region. The U.S. drives the growth in the North America
region as it is the largest market in the region. The Asia-pacific region
offers a substantial potential for the market growth owing to rapid growth in
markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global
over-the-counter drug market such as Sanofi, Johnson & Johnson, Sigma
Pharmaceuticals, Bayer HealthCare, GSK, Eli Lilly, Pfizer, Teva Pharmaceuticals,
Omega Pharma and Dr. Reddy's Laboratories.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global
over-the-counter drug market. Moreover, 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
over-the-counter drug market. Moreover, the study highlights current market
trends and provides forecast from 2018-2024. We also have highlighted future
trends in the over-the-counter drug market that will impact 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. This
report will help manufacturers, suppliers, and distributors of the
over-the-counter drug market to understand the present and future trends in
this market and formulate their strategies accordingly.