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Global OTC Pediatric Healthcare Market Outlook Exhibits Sustained Growth during the Period 2017-2022

02-19-2018 09:09 AM CET | Health & Medicine

Press release from: Fact.MR

Fact.MR

Fact.MR

(Over-The-Counter) OTC pediatric medication is based on self-care or self-diagnosis, hence, OTC pediatric drugs can result into side-effects or allergic reactions. Various risks associated with OTC medicines is impacting its demand in the market. Moreover, some of the leading association across the globe don’t recommend OTC medicines, especially for children as it can result in some serious side-effects. However, producers of OTC drugs are focusing on providing vital information related to the drug dosage, uses, etc., especially for children in order to minimize the risk. This Fact.MR report analyzes the expansion of global OTC pediatric healthcare market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

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The report offers an overview of the global OTC pediatric healthcare market. This comprises an introduction to the market, along with a standard definition of the product – OTC pediatric healthcare. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global OTC pediatric healthcare market, the report provides updates about market opportunities, which can benefit leading manufacturers of OTC pediatric healthcare. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for OTC pediatric healthcare manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

Dermatology- Top-Selling Product

OTC pediatric medicines that fall under dermatology are projected to remain top-selling products in the global OTC pediatric healthcare market between 2017 and 2022. Sale of Dermatology OTC pediatric drugs is expected to bring in nearly US$ 3,500 million revenues towards the end of 2022. Meanwhile, ENT OTC pediatric medicines are anticipated to account for lowest revenue shares. OTC cold and cough medicines are not recommended for children because of the risk of serious side-effects and high chances of developing breathing problems.

Browse Full Report with TOC @https://www.factmr.com/report/257/otc-pediatric-healthcare-market

High Sales through Drug Stores/ Pharmacies

Accounting for nearly one-third of revenue share in the OTC pediatric healthcare, drug stores/ Pharmacies emerge as one of the most lucrative sales channels. Towards the end of 2022, drug stores/ pharmacies are projected to reach close to US$ 3,200 million revenues. Although, global sales of OTC pediatric medicines through hospital pharmacies is projected to create an incremental opportunity of over US$ 300 million during 2017-2022.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global OTC pediatric healthcare market through 2022, which include Procter & Gamble, Johnson & Johnson, GlaxoSmithKline Plc, Abbott Laboratories, Amway Corporation, Bayer Aktiengesellschaft, Sanofi, Pfizer, Inc., Reckitt Benckiser Group plc, and Church & Dwight Co., Inc.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

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