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Over-the-Counter Drugs Market - Global Competitive Analysis By Top Key Players Pfizer, Inc., Novartis AG, GlaxoSmithKline Plc, Bayer AG, Sanofi, Glenmark Pharmaceuticals, Merck KGaA, Teva Pharmaceuticals And Others

11-14-2018 03:22 PM CET | Health & Medicine

Press release from: Coherent Market Insights - Pharmaceutical Industry

Over-the-Counter Drugs

Over-the-Counter Drugs

Over-the-counter drugs, also known as non-prescription drugs, are available in pharmacies and other retail stores and can be used without being prescribed by a doctor. These drugs are critical components of the pharmaceutical industry as they are highly potent and have the capability to show effective results for simple diseases. The number of competitors diving into the large pool of pharmaceutical industry are increasing day-by-day making the industry a promising venture for new comers to capitalize upon. This review will help to attain a competitive analysis of developments such as strategic alliances, mergers and acquisition, joint ventures as well research and innovation leading to product development with respect to over-the-counter drugs market. According to Consumer Healthcare Products Association, the total U.S. sales for OTC medicines accounted for US$ 34,327 million in 2017.

Request for Sample Copy of Research Report: www.coherentmarketinsights.com/insight/request-sample/1443

Competitive Analysis - The top 10 players operating in the global over-the-counter drugs market include:

Pfizer, Inc.,
Novartis AG
GlaxoSmithKline Plc
Bayer AG
Sanofi
Glenmark Pharmaceuticals
Merck KGaA
Teva Pharmaceuticals
Johnson & Johnson Services, Inc.
Boehringer Ingelheim

Pfizer, Inc. - Pfizer, Inc. is a global leading manufacturer and distributor of over-the-counter drugs, managing its commercial operation through two major business segments namely, Pfizer Innovative Health and Pfizer Essential Health. OTC drugs contribute to a major part of Innovative Health Segment, comprising annual revenue of US$ 29,197 million in 2016. The company OTC drugs portfolio includes over 40 products, whereas the leading OTC brands that generated significant revenue for Pfizer included Advil (Ibuprofen capsules for migraine) and Centrum (Multivitamin Tablets), in 2016.

The global over-the-counter drugs market is highly competitive, owing to increasing adoption of personal healthcare and self-medication due to rising awareness among the people regarding health precautions and basic drug knowledge. Under such conditions, the competitors experience performance pressure in terms of pricing. Market players are thus focusing on development of OTC drugs in cost-effective way that will help to cater price-sensitive customers, in turn, significantly maintain and subsequently increase profit margins, especially in emerging economies.

Following is the Impact Analysis of the strategies employed by the competitors and its impact on the revenues and sales in the global over-the-counter drugs market.

Download the PDF brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/1443

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

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