Top Dominating Growth Factors of Consumer Healthcare Market

The major factors that contribute to the growth of the consumer healthcare market include high demand for self-medication, growing healthcare costs, increasing geriatric population who are more prone to contracting diseases, deterioration in mental health, and shift from medication prescription to OTC products. Moreover, the approval of wellness & preventive medicine and a rise in disposable income further boosts the market growth. However, stringent governmental regulations and the presence of counterfeit pharmaceuticals restrain the market. On the contrary, development & accelerated use of online sources, along with the increasing demand for branded products, private labels, and OTC generics will further provide numerous opportunities in the near future.

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According to a new report published by Allied Market Research, titled, “Consumer Healthcare Market by Product and Distribution Network: Global Opportunity Analysis and Industry Forecast, 2017-2023”, the global market is growing rapidly like never before.

The study provides an in-depth analysis of the global consumer healthcare market with current trends and future estimations to elucidate imminent investment pockets. The report provides information about the current and upcoming trends in the global consumer healthcare market from 2016 to 2023, which helps determine prevailing opportunities. Comprehensive analysis of factors that drive and restrict the growth of the global consumer healthcare market has been provided. Identification of factors that are instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale have been provided. Key market players within the market have been profiled in this report and their strategies thoroughly analyzed, which help understand the competitive outlook of the global consumer healthcare market.

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Top Prominent Key Players:

• Johnson & Johnson
• Sanofi, Pfizer Inc.
• Abbott Laboratories
• GlaxoSmithKline plc
• Boehringer Ingelheim GmbH

Segment Overview:

The global consumer healthcare market is segmented on the basis of products, distribution network, and region. Based on product, it is bifurcated into OTC pharmaceuticals and dietary supplements. On the basis of distribution network, the market is categorized into departmental stores, independent retailers, pharmacies or drugstores, specialist retailers, and supermarkets or hypermarkets. Geographically, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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