Sweden Over The Counter Drugs Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

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

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Report Overview

The European Over the Counter drugs market size stood at USD 33.45 billion in 2020 and is expected to rise to USD 50.95 billion by the end of 2028 exhibiting a CAGR of approximately 5.4% during the forecast period. The Sweden OTC market is expected to grow at a CAGR of 3.70% during the same forecast period.

Over the Counter drugs can be bought by the consumer without a doctors prescription- just off the shelf. This can be for various concerns ranging from common cold to weight loss aids. These are safe for consumption without a doctors orders as long as they are consumed within respective drug limits as mentioned in the labels.

According to the Association of the European Self-medication Industry, one out of two packages of medicines sold in Europe is a non-prescription medicinal product. A sudden surge in the demand for OTC drugs has amounted to the recent boom in the market.

While the healthcare cost in the country has risen, the demand for better accessibility and affordability has also taken a leap. Since OTC drugs are easily available without having to consult a physician, this caters to both the demands by being cost-effective. The market is hence growing at a fast pace, ensuring innumerable opportunities to the pharmaceutical companies to manufacture the drugs suited for the population.

Market Drivers

Over the Counter drugs market is mainly driven by the increased self-medication by the people of the country. Along with this, there has been a rise in the prevalence of common diseases like cold, cough or flu for which people prefer self-treatment as these save both time and money.

Owing to the increased demand, there is a surge in the launch of new products that can be bought from the stores without a prescription for an illness or general wellness. This further drives the market for more products to be launched.

Rise in the geriatric population also drives the market in addition to increasing preference to online pharmacies and getting the drugs delivered to the comfort of their homes.

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Market Segmentation

By Drug Type:

Based on the type of Over-the-Counter products, the market segment is categorised under nine heads. These are Cough, Cold and Flu Products, Analgesics, Dermatology Products, Gastrointestinal Products, Vitamins, Minerals and Supplements, Weight-loss/Dietary Products, Ophthalmic Products, Sleeping Aids, and Others. Out of these, the cough, cold and flu products hold the most value owing to the increased prevalence of these common diseases in the country.

By Distribution Channel:

On the basis of distribution channel, the market for Over-the-counter drugs can be segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others. The online pharmacy segment is dynamic and rapidly growing and is more promising in the years to come.

Top 5 Major Players

The competitive environment is quite intense with major players like AstraZeneca and GlaxoSmithKline. Factors such as rise in prevalence of common diseases owing to rise in the geriatric population who are at high risk for these diseases due to low immune statuses, offer innumerable growth opportunities to the manufactures of OTC drugs. AstraZeneca, Bayer, Johnson & Johnson, GlaxoSmithKline and Cardinal Health are some of the major players.

Highlighted Segments of Sweden Over The Counter Drugs Market:

Industry Overview: The first section of the research study covers an overview of the global Sweden Over The Counter Drugs Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global Sweden Over The Counter Drugs Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global Sweden Over The Counter Drugs Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global Sweden Over The Counter Drugs Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Sweden Over The Counter Drugs 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 Sweden Over The Counter 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 Sweden Over The Counter Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Sweden Over The Counter Drugs market
Chapter 2: Exclusive Summary - the basic information of the Sweden Over The Counter Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Sweden Over The Counter Drugs
Chapter 4: Presenting the Sweden Over The Counter 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 Sweden Over The Counter 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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-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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