OVER THE COUNTER DRUGS MARKET ANALYSIS

Over the Counter Drugs Market, By Product Type (Cough, Cold, and Flu Products, Analgesics, Dermatology Products, Gastrointestinal Products, Vitamins, Mineral, and Supplements (VMS), Weight-loss/Dietary Products, Ophthalmic Products, Sleeping Aids, and Other Product Types), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacy, and Other Distribution Channels), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Sep 2022
Code : CMI1218
Pages :165
Formats :
Excel and PDF
Industry : Pharmaceutical

Over The Counter Drugs MarketSize and Trends

The global over the counter drugs market was valued at US$ 143.7 Mn in 2021 and is forecast to reach a value of US$ 201.4 Mn by 2028 at a CAGR of 4.9% between 2022 and 2028. The global over the counter drugs market is experiencing strong growth due to the increase in disease burden, rise in demand for OTC drugs, and rising trend of self-medication. Moreover, inclination of pharma companies toward OTC drugs from RX drugs is expected to boost growth of the market. However, factors such as probability of substance abuse and lack of awareness in rural areas are expected to hamper the growth of the market.