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Over the Counter (OTC) Drugs Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Over the Counter (OTC) Drugs Market – (By Product Type - Cough, Cold, and Influenza, Analgesics, Dermatology Products, Gastrointestinal Products, and Others; By Mode of Intake – Topical, Oral, and Parenteral; By Distribution Channel - Hospital Pharmacies, Retail Pharmacies, and Online Pharmacy; and By Region) - Industry Dynamics, Market Size, Opportunity and Forecast to 2030

  • Published On: 08-Jun-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0622263
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

The Global OTC Drugs Market was valued at US$ 1,22,854.5 Mn in 2021. 

OTC drugs are the kind of medicines that one can easily buy in the pharmacy without prescription or without seeking help from the health professional.

OTC medicines treat a variety of illnesses and their symptoms including pain, coughs and colds, diarrhea, constipation, acne, and others. 

For people with low socio-economic status who cannot keep health in priority, OTC drugs are the best solution. Direct purchasing of the OTC drugs from the pharmacist is much cheaper than consulting doctors/ health practitioners.

The Global OTC Drugs Market is projected to expand at a CAGR of 6.9% during the forecast period. 

The market is majorly driven by factors such as rising awareness regarding OTC products, favorable regulatory scenario, and increasing pharmaceutical spending.

The growing cases of substance abuse and adverse effects of medicines are restraining the market growth. 

AI-powered operations in online pharmacies are the current trend in the OTC drugs market.

The various segmentations considered to analyze the Global OTC Drugs Market are based on product type, mode of intake, distribution channel, and region. 

Analgesics segment dominates the marker in 2021.

Oral mode of drug intake holds the highest share in the Global OTC Drugs Market. 

Retail pharmacy is the largest shareholding segment of distribution channel in the market in 2021.

The key players in the Global Over the Counter (OTC) Drugs Market are Glenmark Pharmaceutical Products Ltd., Johnson & Johnson, Bayer AG, Perrigo Company Plc, Pfizer, and Reckitt Benckiser Group Plc among others.