Consumer Healthcare Market 2024 International Expansion, Growth Drivers, Global Trends And Forecast To 2033 | Major Players Are Johnson & Johnson, Sanofi S.A., Abbott Laboratories, BASF SE, Amway Corporation

The Business Research Company presents an extensive market research report on the "" Consumer Healthcare Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the consumer healthcare industry. This report on consumer healthcare market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The consumer healthcare market size has grown exponentially in recent years. It will grow from $537.77 billion in 2023 to $663.81 billion in 2024 at a compound annual growth rate (CAGR) of 23.4%. The growth in the historic period can be attributed to aging population and healthcare needs, over-the-counter (OTC) medications, wellness and prevention focus, growth of e-commerce and online pharmacies, increasing health and fitness trends.

The consumer healthcare market size is expected to see exponential growth in the next few years. It will grow to $1476.45 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%. The growth in the forecast period can be attributed to growing personalized health and genetics, digital health and telemedicine, remote patient monitoring, health apps and wearables, growing demand for nutraceuticals and dietary supplements. Major trends in the forecast period include adoption of digital health and telemedicine, health apps and wearables, personalized health and genetics, the use of remote monitoring devices, aging-in-place solutions.

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Key Market Players:
Johnson & Johnson, Sanofi S.A., Abbott Laboratories, BASF SE, Amway Corporation, Bayer AG, Pfizer Inc., Boehringer Ingelheim International GmbH, GlaxoSmithKline PLC, American Health Corporation, Stanex Drugs & Chemicals Pvt. Ltd., Ipsen S.A., Reckitt Benckiser Group PLC, Jasco Group of Companies, Bionova Lifesciences, Lenmark Pharmaceuticals Ltd.,

Market Drivers:
According to the Consumer Healthcare Market Report 2024 by The Business Research Company, the rising prevalence of cardiovascular diseases in expected to drive the consumer healthcare market growth. Cardiovascular disease (CVD) is a broad term that refers to a condition that affects the heart or blood vessels. Consumer healthcare services are used in cardiovascular disease management because they can be a convenient and affordable way to manage the disease, and proper diagnosis, medication management, and lifestyle changes are essential components of CVD management.
For instance, in January 2023, according to a report published by the American Heart Association, a US-based organization, in the year 2020, cardiovascular disease (CVD) accounted for approximately 19.1 million deaths worldwide. The age-adjusted mortality rate stood at 239.8 per 100,000 individuals, while the age-adjusted prevalence rate was recorded at 7354.1 per 100,000 individuals. Eastern Europe and Central Asia were identified as regions with the highest rates of CVD-related mortality in 2020. Therefore, the rising prevalence of cardiovascular diseases is expected to propel the growth of consumer healthcare market growth going forward.

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Market segments for template include:
1) By Product: OTC Pharmaceuticals, Dietary Supplements
2) By Application: Retail, Online, Hospitals

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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