OVER THE COUNTER DRUGS MARKET ANALYSIS

Regional Analysis

Global Over the Counter Drugs Market: Regional Insights

Based on geography, the global over the counter drugs market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market over the forecast period owing to the rising trend of self-medication with OTC analgesics and the launch of new products. The U.S. Food and Drug Administration (FDA) regulations ensure that OTC drugs are safe and that the labels are easy to understand. Over-the-counter (OTC) drugs can be bought and used safely without the need for a prescription. Thus, all OTC drug products have to meet FDA quality, effectiveness, and safety standards.

Asia Pacific is also expected to witness significant growth in the global over the counter drugs market owing to the rising trend of self-medication and increase in adoption or usage of OTC analgesics in the region. The major OTC analgesics used in India include acetaminophens and nonsteroidal anti-inflammatory drugs (NSAIDs), such as aspirin, naproxen, and ibuprofen. In February 2019, Strides Consumer Pvt Ltd. launched two over-the-counter (OTC) products for smoking cessation and joint pain relief.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa