Press release
India Over The Counter (OTC) Drugs Market Size To Grow US$ 19.4 Billion by 2028 | Growth Rate (CAGR) of 16.7%
India Over The Counter (OTC) Drugs Market
The India over the counter (OTC) drugs market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.4 Billion by 2028, exhibiting a growth rate (CAGR) of 16.7% during 2023-2028.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/india-over-the-counter-drugs-market/requestsample
Year Considered to Estimate the Market Size:
• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028
India Over The Counter (OTC) Drugs Market Insight :
Over-the-counter (OTC) drugs are non-prescription medicines that can be taken without a prescription from a healthcare professional. They are generally effective and safe for consumption if the directions listed on the medicine label are followed. Some most commonly available OTC drugs include analgesics, gastrointestinal drugs, cough, cold, and flu medicines, dermatology products, vitamins, minerals, and supplements (VMS). They play an essential role in the treatment of recurring conditions, such as allergies, pain, migraines, toothaches, and menstrual cramps. Currently, OTC drugs are widely available in retail pharmacies, online retail channels, hospital pharmacies, supermarkets, and hypermarkets across India.
India Over The Counter (OTC) Drugs Market Current Trends & Future Predictions :
The India over the counter (OTC) drugs market is primarily driven by the rising consumer preferences for self-medication due to high consulting fees charged by healthcare professionals. Moreover, the expanding geriatric population that is more susceptible to developing multiple chronic diseases is positively influencing the market growth.
Additionally, several favorable initiatives taken by the government of India to reduce the prices and enhance the sales of OTC drugs represent another major growth-inducing factor. Besides this, the rising sales of OTC drugs via online pharmacies due to shifting consumer preferences toward e-commerce websites have catalyzed market growth.
Furthermore, the increasing investments in extensive research and development (R&D) activities and numerous product innovations are contributing to market growth.
Other factors, including rising health awareness among individuals, increasing stress levels among working professionals, and inflating consumer disposable incomes, are also anticipated to drive the market further.
India Over the Counter (OTC) Drugs Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of region, product type, route of administration, dosage form and distribution channel.
Breakup by Product Type:
• Cough, Cold and Flu Products
• Analgesics
• Dermatology Products
• Gastrointestinal Products
• Vitamins, Minerals and Supplements (VMS)
• Weight-loss/Dietary Products
• Ophthalmic Products
• Sleeping Aids
• Others
Breakup by Route of Administration:
• Oral
• Parenteral
• Topical
• Others
Breakup by Dosage Form:
• Tablets and Capsules
• Liquids
• Ointments
• Others
Breakup by Distribution Channel:
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Others
Breakup by Region:
• North India
• West and Central India
• South India
• East India
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5856&flag=C
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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