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Europe Over-the-Counter (OTC) Drugs Market 2021 In Deep Analysis, Expert Reviews and Precise Outlook 2027 | AstraZeneca PLC, Bayer AG, Boehringer Ingelheim International GmbH

09-14-2021 01:25 PM CET | Health & Medicine

Press release from: Market Insights Reports

Latest released, the research study on Europe Over-the-Counter (OTC) Drugs Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Europe Over-the-Counter (OTC) Drugs Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Europe Over-the-Counter (OTC) Drugs. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: AstraZeneca PLC, Bayer AG, Boehringer Ingelheim International GmbH, Bristol Myers Squibb Company, Cardinal Health Inc., GlaxoSmithKline PLC, Johnson & Johnson, Merck & Co Inc., STADA Arzneimittel AG, Sanofi SA, Vitaris (Mylan NV)

The Europe over-the-counter (OTC) drugs market is projected to register a CAGR of 5.4% during the forecast period, with a revenue of approximately USD 33,450 million in 2020 and expected to reach USD 45,825 million by 2026.

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Key Market Trends

Cough, Cold, and Flu Products Segment is Expected to a High Growth Over the Forecast Period

The cough, cold, and flu Products segment holds the largest market share, and it is growing at the fastest rate. The increasing volume of use of Over-the-Counter (OTC) drugs in the cough/cold/flu category is driven by a rise in the number of individuals affected by these conditions.

Moreover, the recent COVID-19 pandemic has also created a huge demand for OTC drugs for the treatment of common symptoms, such as flu, cold, and cough related to the virus. Though it was found that none of the OTC drugs may treat the viral infection, but they will provide relief from the common symptoms of the infection. Additionally, market players have also been frequently launching new products, so as to gain a competitive edge in the market.

The growing prevalence of these common diseases (i.e., cough, cold, and flu) is found among the ageing population that has led the patients to use more OTC drugs, as these drugs are readily available and can be bought without a doctors prescription. This saves both time and cost required to visit a physician/hospital. Consumers are thus more dependent on OTC cough and cold medicines as a first response to seek quick relief from symptoms.

In Spain, mild conditions, such as pain, cold, and headache, are increasing, as the OTC drugs are the primary option adopted by the consumers, thus the market for the OTC drugs is projected to grow. The OTC products, such as throat lozenges, provide immediate relief from throat tickles and contribute to the market

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-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

-Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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