Global OTC Analgesics Market Insights and In-Depth Analysis 2023-2028 with Types, Products and Key Players

Report Overview

The global oral OTC analgesics market is projected to expand at a CAGR of 4.61% during the forecast period, 2019 2028. The growth of the market is attributed to the increasing demand for topical analgesics.

Analgesics are the counter pain drugs which support in regulating a pain until and unless it is completely eliminated. OTC analgesic drugs are used by people without any need of prescription. Analgesics which do not require doctors prescription are classified as OTC analgesics. OTC analgesics are available in brand and generic preparations as tablets, capsules, creams, sprays, and patches. These OTC analgesics constitute three active ingredients namely paracetamol, ibuprofen, and aspirin.

Paracetamol is a most commonly used OTC analgesic. Its analgesic property is similar to that of aspirin and ibuprofen. It does not carry any anti-inflammatory effects. Paracetamol prevents prostaglandin synthesis within the central nervous system. It is the first choice of analgesic for pain management. Common side-effects associated with paracetamol are hypersensitivity, rare cases of blood dyscrasias (including thrombocytopenia and agranulocytosis). Aspirin is another common OTC analgesic. It is analgesic, antipyretic, antiplatelet, and anti-inflammatory. The inhibition of cyclooxygenase results in analgesic effect of aspirin. Incompatible effects of aspirin are epigastric pain, gastrointestinal ulceration, nausea and vomiting, hypersensitivity, and gout.

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The Global OTC Analgesics Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Global OTC Analgesics market. This report explores all the key factors affecting the growth of the global Global OTC Analgesics market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The global oral OTC analgesics market is projected to expand at a CAGR of 4.61% during the forecast period, 2019 2028. The growth of the market is attributed to the increasing demand for topical analgesics.

Analgesics are the counter pain drugs which support in regulating a pain until and unless it is completely eliminated. OTC analgesic drugs are used by people without any need of prescription. Analgesics which do not require doctors prescription are classified as OTC analgesics. OTC analgesics are available in brand and generic preparations as tablets, capsules, creams, sprays, and patches. These OTC analgesics constitute three active ingredients namely paracetamol, ibuprofen, and aspirin.

Paracetamol is a most commonly used OTC analgesic. Its analgesic property is similar to that of aspirin and ibuprofen. It does not carry any anti-inflammatory effects. Paracetamol prevents prostaglandin synthesis within the central nervous system. It is the first choice of analgesic for pain management. Common side-effects associated with paracetamol are hypersensitivity, rare cases of blood dyscrasias (including thrombocytopenia and agranulocytosis). Aspirin is another common OTC analgesic. It is analgesic, antipyretic, antiplatelet, and anti-inflammatory. The inhibition of cyclooxygenase results in analgesic effect of aspirin. Incompatible effects of aspirin are epigastric pain, gastrointestinal ulceration, nausea and vomiting, hypersensitivity, and gout.

Market Drivers

Increasing demand of topical analgesics, which are available as pain-relieving creams, lotions, rubs, gels, and sprays, has increased the sales of analgesics by 18 percent. According to Kline Non-prescription Drugs US report, increasing geriatric population worldwide, will generate the demand for pain relief products. According to the US Census Bureau, between 2012 and 2050, the United States will experience considerable growth in its older population. Thus, the growth in geriatric population is driving the growth of the global OTC analgesics market.

Additionally, the cost efficiency of OTC analgesics drugs is also responsible for fuelling the growth of the market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Global OTC Analgesics Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Regional Analysis for Global OTC Analgesics Market:
• North America (the USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Strategic Points Covered in Table of Content of Global Global OTC Analgesics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global OTC Analgesics market
Chapter 2: Exclusive Summary - the basic information of the Global OTC Analgesics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global OTC Analgesics
Chapter 4: Presenting the Global OTC Analgesics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Global OTC Analgesics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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