OTC Consumer Health Market, By Product Type (Dermatological Products, Vitamins & Dietary Supplements, Wound Care Management Products, Gastrointestinal Products, Ophthalmology products, Others), By Distribution Channel (Online Stores, Offline Stores, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI5251

Pages :197

Formats :

Excel and PDF

Industry : Pharmaceutical

OTC Consumer Health MarketSize and Trends

Global OTC consumer health market is estimated to be valued at USD 211.91 Bn in 2024 and is expected to exhibit a CAGR of 4.2% during the forecast period (2024-2031).

Figure 1: Global OTC Consumer Health Market Share (%) Analysis, By Product Type, 2024

Increasing product launches by market players are expected to drive the global OTC consumer health market growth over the forecast period.

Increasing product launches by market players is expected to drive the global OTC consumer health market growth over the forecast period. For instance, on June 25, 2019, Hamdard Laboratories, a Unani pharmaceutical company had launched 12 Over the Counter (OTC) medicines that helps to boost immunity. The new range of products contain...

Increasing product approvals by regulatory authorities are expected to drive growth of the global OTC consumer health market over the forecast period.

Increasing product approvals by regulatory authorities are expected to drive growth of the global OTC consumer health market over the forecast period. For instance, on October 04, 2021, The U.S. Food and Drug Administration (FDA) issued an emergency use authorization (EUA) for the ACON Laboratories Flowflex COVID-19 Home Test, an...

Global OTC Consumer Health Market– Impact of the Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.

The COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others...

The COVID-19 pandemic also had a positive impact on the global OTC consumer health market owing to the increasing approvals for OTC healthcare products by regulatory authorities. For instance, on January 27, 2022, The U.S. Food and Drug Administration...