Recent News Stories Shows How The China OTC Drugs Market Products Are Surviving In The Global Industry To 2028?

Report Overview

The China OTC Drugs market size stood at around USD 17.155 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The term over the counter (OTC) is meant for the drugs which are sold over the counter without any prescription. The OTC medicine in China is characterized by a late start but accounts for large growth in comparison to mature western OTC markets and it accounts for approximately XX% of total pharmaceutical sales in China

Market Drivers

The Chinese economy continues a high-speed growth that has been stirred by the successive increase of consumer consumption, import & export, industrial output, and capital investment for over two decades. The aging population will trigger a higher demand for health facilities, since the elderly population has weaker immune systems, resulting in a high incidence of sickness, Currently, the elderly population generates 40 to 50 percent of the OTC drug market.

Major factors that are driving the growth of the market are growing healthcare expenditure internally, increased manufacture and export, improvement, and government investment for better healthcare. The factors that are restraining the growth of the market are Competition in China is key to a fierce among the major companies, which are seeking to penetrate the market. Intricate knowledge of the region and pricing will decide who gets ahead, whereas newcomers face.

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Top 5 Major Players

The major market player in the OTC drugs in the Chinese geography includes Xi'an-Janssen pharmaceuticals, Harbin Pharmaceuticals Group, Jianzhong pharmaceuticals co., GSK and Renhe development co. ltd. Also, apart from these, a rise in online OTC pharmaceutical markets has been done in the form of initiative from the government as a pilot program in 2020.

The China OTC Drugs 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 China OTC Drugs market. This report explores all the key factors affecting the growth of the global China OTC Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Formulation:

Based on formulation types, the China OTC drugs market is segmented into tablets, liquids, ointments, and sprays. Currently, among them, the tablet forms of OTC products share a major market size in the OTC drugs. But the newest modes like sprays are registering an increased adoption across Chinese geography.

 By Distribution channels:

Based on the distribution model, the China OTC drug market is segmented into Pharmacies/Drugstores, Supermarkets/Hypermarkets, Convenience stores, online stores, and others. The chief distribution channel of OTC selling in China will still be retail brick and mortar shops, as those retail stores accounted for XX% of the total OTC sales in 2016. With the rapid growth of GDP and consumption in Chinese counties, more and more pharmacy chains are entering the regional markets.

OTC sales also stand to benefit from the rise of e-commerce. China has already overtaken the U.S regarding mobile e-payments transactions in 2016. There are XX million people in China shopping online, and the value of trade has reached XX billion CNY.

Top 5 Major Players

The major market player in the OTC drugs in the Chinese geography includes Xi'an-Janssen pharmaceuticals, Harbin Pharmaceuticals Group, Jianzhong pharmaceuticals co., GSK and Renhe development co. ltd. Also, apart from these, a rise in online OTC pharmaceutical markets has been done in the form of initiative from the government as a pilot program in 2020.

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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 China OTC Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global China OTC Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the China OTC Drugs market
Chapter 2: Exclusive Summary - the basic information of the China OTC Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the China OTC Drugs
Chapter 4: Presenting the China OTC Drugs 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 China OTC Drugs 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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In conclusion, the China OTC Drugs Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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