Press release
Demand for Over the Counter (OTC) Analgesics Market from Major End-use Sectors to Increase in the Near Future : FactMR
As per Fact.MR, a market research and competitive intelligence provider, the global OTC analgesics market is anticipated to top US$ 40 Bn by 2031, progressing at a CAGR of 5% over the forecast period of 2021 to 2031.OTC analgesics are anti-pain medications that help control pain for a short period of time until it is completely gone. People regularly use these drugs without a prescription for pain that repeats or is of lesser severity. OTC analgesics are available as tablets, capsules, creams, sprays, and patches in both, brand and generic formulations.
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Key Market Segments in OTC Analgesics Industry Research
• Form
o OTC Analgesic Tablets
o OTC Analgesic Capsules
o OTC Analgesic Liquid
• Drug Type
o OTC Acetaminophen
o OTC Salicylates
o OTC Nonsteroidal Anti-inflammatory Drugs (NSAIDs)
• OTC Channel
o Sales of OTC Analgesics at Pharmacies
o Sales of OTC Analgesics at Drug Stores
o Online Sales of OTC Analgesics
o Modern Trade Sales of OTC Analgesics
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Key Takeaways from Market Study
Global OTC analgesics market to top US$ 40 Bn by 2031.
Nonsteroidal anti-inflammatory drugs (NSAIDs) projected to reach around US$ 19 Bn by 2031.
Acetaminophen projected to record above 4% CAGR over next 10 years.
Market in North America holds share of more than 40%.
Market in France expected to reach valuation of US$ 6 Bn by 2031.
Market in Australia to record 3% CAGR over forecast period of 2021- 2031.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the OTC analgesics market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of form (tablets, capsules, and liquid), drug type (acetaminophen, salicylates, and nonsteroidal anti-inflammatory drugs (NSAIDs)), and OTC channel (pharmacies, drug stores, online sales, and modern trade sales), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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About OTC Analgesics Market
The global OTC analgesics market is projected to register an above-average CAGR during 2017 to 2022. Global sales of OTC analgesics is estimated to account for nearly US$ 25,000 Mn revenues by 2022-end.
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