OTC Analgesic Market Size and Forecast 2025 - Current Trends, Opportunities, Challenges

The report "OTC Analgesic Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 ", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “OTC Analgesic” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Analgesics are counter pain drugs, which assist in regulating pain for a period of time, until and unless it is completely eliminated. OTC analgesic drugs are used by individuals devoid of the need for any prescription. Drugs that do not require prescription are classified as OTC analgesics. OTC analgesics are available in brand and generic formulations as tablets, capsules, creams, sprays, and patches.

The international association for the study of pain defines pain as a discomfort experience due to a possible tissue injury. Pain is classified into three categories: mild, moderate, and severe. Typical conditions associated with pain are headache, musculoskeletal injuries, dysmenorrhea, and others such as toothache. Various kinds of OTC pain relief products are available in the market. These constitute three active ingredients: paracetamol, ibuprofen, and aspirin.

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

The OTC analgesic drugs market can be segmented based on route of administration, distribution channel, and geography. In terms of route of administration, the OTC analgesics drugs market can be classified into oral, topical, intramuscular administration, and intravenous. Based on distribution channel, OTC analgesics drugs market can be divided into hospital pharmacies, drug stores, retail drug stores, and e-commerce.

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The major drivers for OTC analgesic market are increase in demand for topical analgesics, growth in geriatric population, cost efficiency of OTC drugs has led to the increasing the usage rate, increasing use of off-label drugs has led to easy pain management due to availability of OTC analgesics, and major analgesic manufacturers and distributor are increasing their product portfolio and geographical footprint to increase their stronghold in the global OTC analgesic market in the developed as well as developing markets.

Side-effects such as constipation, dizziness, drowsiness, and heart attack associated with OTC analgesic drugs is one of the key restraints of the market. OTC analgesic drugs may also cause serious damage to the brain in rare cases. Long-term usage of painkillers or analgesics can lead to addiction and drug overdose. According to a study, painkillers are the second most abused substances, after marijuana, in the U.S. Therefore, uncertainty regarding increase in stringent regulations on OTC analgesics is expected to significantly hamper the OTC analgesic market.

Based on region, the global OTC analgesic market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to be the prominent region of the OTC analgesic market due to the higher demand, presence of major pharmaceutical product manufacturers, better health care reforms in terms of patient care, and increase in mergers and acquisitions in the global market. Europe also held key share of the global OTC analgesic market. Asia Pacific is estimated to provide lucrative opportunities to the global OTC analgesic market largely due to the rise in disease burden, rapid increase in research, and growth in competitive landscape in the pharmaceutical industry, as large number of global players are expanding their business in the region through strategic collaborations with regional manufacturers and research institutes. The global OTC analgesic market in Latin America and Middle East & Africa is projected to be driven by the increase in health care infrastructure and public-private collaborations.

Major companies operating in the global OTC analgesic market include Johnson & Johnson Service, Inc., AstraZeneca Plc., Reckitt Benckiser Group Plc., Novartis AG, GlaxoSmithKline Plc., Pfizer Inc., Takeda Pharma, Boehringer Ingelheim, Sanofi, and Bayer.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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