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Over-the-Counter (OTC) Drugs Market : 2018 Prominent Players | Bayer HealthCare, GlaxoSmithKline (GSK), Sanofi, Johnson & Johnson, Pfizer, Pharmaceutical Industries Ltd., Alkem Laboratories Limited, Cipla, Inc., Teva Pharmaceutical Industries Ltd., Glenma

09-28-2018 08:39 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Over-the-Counter (OTC) Drugs Market : 2018 Prominent Players |

Over-the-Counter (OTC) Drugs Market size is set to exceed USD 178 billion by 2024; according to a new research report by Global Market Insights.
Pharmaceutical companies’ switch from Rx to OTC drugs serves as high impact rendering factor on industry growth over the forecast period. This will provide potential growth opportunities for companies to rejuvenate an off-patent brand into a new life-cycle growth phase.

Expanding geriatric population base which is highly susceptible to suffer from several diseases such as joint pain will drive global Over-the-Counter (OTC) drugs demand over the forecast period. Growing healthcare awareness among people and cost-effectiveness associated with OTC drugs will further fuel industry growth.

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Issues pertaining to substance abuse and less awareness in emerging and underdeveloped economies about medicines are major growth restraining factors. Furthermore, risk associated with taking wrong medicines due to improper self-diagnosis is most likely to make regulations more stringent.

Analgesics accounted for significant value share of the market in 2016. OTC analgesics have application in the treatment of fever, headaches, flu, colds, musculoskeletal injuries & disorders, arthritis, toothaches, and menstrual cramps which will spur demand. Frequent body pain experienced by geriatric population, increasing incidences of arthritis, cancer and cardiovascular disease, and increasing investment in R&D by public & private sector, with major focus to formulate new therapeutics and will drive industry growth.

Cold, cough and flu segment should witness substantial growth over the forecast timeframe. The growth is attributed by demand from increasing number of individuals catching cold and flu multiple times in a year. Non-life-threatening nature of these infections make OTC medication a viable choice for the patient, resulting to escalating demand. Moreover, increasing awareness through media such as TV, social media home pages and print circular will propel industry growth.

U.S. OTC drugs market size witness lucrative growth over the forecast period. Increasing preference for the drugs for minor injuries along with increasing self-medication and self-care will spur demand. Moreover, rising healthcare expenditure, favorable regulatory scenario and presence of major players in the country will fuel industry growth.

UK market should witness substantial growth due to increasing awareness pertaining to self-treatment medication. Increased availability of OTC medicines in country will help government to minimize the healthcare cost and provide better access to public and propel business growth over the forecast timeframe.

India OTC drugs market size held significant revenue share in 2016. Growing healthcare expenditure, unhealthy dietary habits, expanding population and growing healthcare awareness will drive industry growth. Geriatric population in the country are prone to acquire diseases such as asthma, arthritis, angina, depression, and diabetes which will spur demand.

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Some of the companies operating in OTC drugs market includes, Johnson & Johnson Pfizer, Cipla, Dr. Reddy’s Laboratories, Takeda, Teva Pharmaceuticals, Sanofi, Bayer and GlaxoSmithKline. Industry players are focusing on new product development and acquisition strategy to gain market share.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. Over-the-counter (OTC) drugs industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends

Chapter 3. Over-the-counter (OTC) Drugs Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Pharmaceutical companies switching from Rx to OTC drugs especially in the U.S
3.3.1.2. Growing trend of self-medication in developing economies
3.3.1.3. Significant cost savings due to OTC drug usage in Asia pacific and Latin America
3.3.2. Industry pitfalls & challenges
3.3.2.1. Several concerns pertaining to incorrect diagnosis and substance abuse
3.4. Growth potential analysis
3.4.1. By product
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.6. Porter's analysis
3.7. Competitive landscape, 2016
3.7.1. Business overview
3.7.2. Revenue analysis
3.7.3. Product landscape
3.7.4. Strategy dashboard
3.8. PESTEL analysis

Chapter 4. Over-the-counter (OTC) Drugs Market, By Product
4.1. Over-the-counter (OTC) drugs market share, by product, 2016 & 2024
4.2. Analgesics
4.2.1. Market estimates and forecast, by region, 2013 - 2024
4.3. Cold, cough & flu products
4.3.1. Market estimates and forecast, by region, 2013 - 2024
4.4. Weight loss products
4.4.1. Market estimates and forecast, by region, 2013 - 2024
4.5. Gastrointestinal products
4.5.1. Market estimates and forecast, by region, 2013 - 2024
4.6. Skin products
4.6.1. Market estimates and forecast, by region, 2013 - 2024
4.7. Mineral and vitamin supplements
4.7.1. Market estimates and forecast, by region, 2013 - 2024
4.8. Sleeping aids
4.8.1. Market estimates and forecast, by region, 2013 - 2024
4.9. Ophthalmic products
4.9.1. Market estimates and forecast, by region, 2013 - 2024
4.10. Others
4.10.1. Market estimates and forecast, by region, 2013 - 2024

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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