OTC Consumer Healthcare Market Strategies, Trends, and Forecast - 2031
The OTC Consumer Healthcare Market is expected to register a CAGR of 8.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by OTC Consumer Healthcare Market By Product (OTC Pharmaceuticals, Dietary Supplements); Distribution Channel (Wholesalers and Distributors, Pharmacy or Drug Stores, Specialty Stores, Online Retailers, Hypermarkets/Supermarkets, Other); Form (Tablet, Powder, Liquid, Others) , and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report OTC Consumer Healthcare Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
OTC Consumer Healthcare Market Segmentation
By Product- OTC Pharmaceuticals
- Dietary Supplements
- Wholesalers and Distributors
- Pharmacy or Drug Stores
- Specialty Stores
- Online Retailers
- Hypermarkets/Supermarkets
- Other
- Tablet
- Powder
- Liquid
- Others
Strategic Insights
OTC Consumer Healthcare Market Growth Drivers- Rising Health Awareness:Consumers are looking for self-medication choices and preventive treatment as a result of growing awareness of lifestyle diseases and health difficulties. People are increasingly likely to utilize over-the-counter (OTC) products to manage minor illnesses and maintain general wellbeing as they grow more health conscious.
- Growing Preference for Self-Medication: Self-medication is a trend that is greatly expanding the over-the-counter market. OTC products are becoming more and more popular among consumers because of their affordability, ease of use, and ability to manage medical ailments without a prescription.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Aging Population:The demand for over-the-counter healthcare items is being driven by the global aging population. Since older persons frequently need prescription drugs for long-term illnesses, over-the-counter (OTC) choices are desirable due to their accessibility and usability.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Technological Developments:OTC products are becoming more appealing due to advancements in product formulation, packaging, and distribution strategies. Customers may now more easily obtain a variety of healthcare products thanks to the increase of e-commerce and online pharmacies, which is driving industry expansion.
- Rising Disposable Income:Increased disposable incomes brought about by economic development in different areas enable customers to spend more on health-related goods. This pattern is especially noticeable in developing nations where growing middle-class populations are looking for high-quality medical treatment.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Market Expansion:With rising use in developing nations with developing healthcare infrastructure, the industry is expanding geographically. Rising healthcare costs and a growing emphasis on healthcare management strategies in many areas are the main drivers of this expansion. As practitioners look for specialized postoperative care strategies, the industry has been impacted by the movement toward customized medicine in otc healthcare products. This paradigm is well-suited for otc drugs, which provides individualized dosage schedules according to patient requirements.
- Increased Brand Awareness:Influencer marketing is a powerful tool for increasing brand awareness. Influencer partnerships let brands connect with a larger and more varied audience, which speeds up recall and recognition. A study predicted that influencer marketing ad spending would increase from $13.8 billion in 2021 to $22.3 billion by 2024, underscoring the growing significance of this tactic in marketing plans.
- Enhanced Consumer Trust: Influencers frequently develop close bonds with their followers, which promotes sincerity and trust. Because customers are more inclined to follow advice from influencers they respect, this trust translates into higher engagement rates and may result in higher sales. According to surveys, 77% of customers have bought products after hearing recommendations from influencers.
- Targeted Marketing:Influencers who connect with particular demographics or specialty markets can be used by brands to create more successful and economical marketing efforts. By ensuring that marketing messages reach the most relevant people, this focused approach increases conversion rates.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the OTC Consumer Healthcare Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the OTC Consumer Healthcare Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
In Europe, the UK held the second largest share in 2023.
Asia pacific region is expected to witness the highest growth during the forecast period
Increased Brand Awareness
North America held the largest share in 2023 and is expected to retain its dominance during the forecast period
Rising Health Awareness
The OTC Consumer Healthcare Market is estimated to witness a CAGR of 8.4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 OTC Consumer Healthcare Market - By Product
1.3.2 OTC Consumer Healthcare Market - By Distribution Channel
1.3.3 OTC Consumer Healthcare Market - By Form
1.3.4 OTC Consumer Healthcare Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OTC CONSUMER HEALTHCARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. OTC CONSUMER HEALTHCARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OTC CONSUMER HEALTHCARE MARKET - GLOBAL MARKET ANALYSIS
6.1. OTC CONSUMER HEALTHCARE - GLOBAL MARKET OVERVIEW
6.2. OTC CONSUMER HEALTHCARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OTC CONSUMER HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. OTC PHARMACEUTICALS
7.3.1. Overview
7.3.2. OTC Pharmaceuticals Market Forecast and Analysis
7.3.3. Eye Care Market
7.3.3.1. Overview
7.3.3.2. Eye Care Market Forecast and Analysis
7.3.4. Oral Health Care Market
7.3.4.1. Overview
7.3.4.2. Oral Health Care Market Forecast and Analysis
7.3.5. Medicated Skin Care Market
7.3.5.1. Overview
7.3.5.2. Medicated Skin Care Market Forecast and Analysis
7.3.6. Wound Care Market
7.3.6.1. Overview
7.3.6.2. Wound Care Market Forecast and Analysis
7.3.7. Digestive Remedies Market
7.3.7.1. Overview
7.3.7.2. Digestive Remedies Market Forecast and Analysis
7.3.8. Sleeping Aids Market
7.3.8.1. Overview
7.3.8.2. Sleeping Aids Market Forecast and Analysis
7.3.9. Emergency Contraceptives Market
7.3.9.1. Overview
7.3.9.2. Emergency Contraceptives Market Forecast and Analysis
7.3.10. Intimate Care Market
7.3.10.1. Overview
7.3.10.2. Intimate Care Market Forecast and Analysis
7.3.11. Hair Care Market
7.3.11.1. Overview
7.3.11.2. Hair Care Market Forecast and Analysis
7.3.12. Cough Market
7.3.12.1. Overview
7.3.12.2. Cough Market Forecast and Analysis
7.3.13. Cold and Allergy Remedies Market
7.3.13.1. Overview
7.3.13.2. Cold and Allergy Remedies Market Forecast and Analysis
7.3.14. Analgesics Market
7.3.14.1. Overview
7.3.14.2. Analgesics Market Forecast and Analysis
7.3.15. Dermatological Market
7.3.15.1. Overview
7.3.15.2. Dermatological Market Forecast and Analysis
7.4. DIETARY SUPPLEMENTS
7.4.1. Overview
7.4.2. Dietary Supplements Market Forecast and Analysis
7.4.3. Nutrition Market
7.4.3.1. Overview
7.4.3.2. Nutrition Market Forecast and Analysis
7.4.4. Vitamins Market
7.4.4.1. Overview
7.4.4.2. Vitamins Market Forecast and Analysis
7.4.5. Minerals Market
7.4.5.1. Overview
7.4.5.2. Minerals Market Forecast and Analysis
7.4.6. Proteins Market
7.4.6.1. Overview
7.4.6.2. Proteins Market Forecast and Analysis
7.4.7. Others Market
7.4.7.1. Overview
7.4.7.2. Others Market Forecast and Analysis
8. OTC CONSUMER HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. WHOLESALERS AND DISTRIBUTORS
8.3.1. Overview
8.3.2. Wholesalers and Distributors Market Forecast and Analysis
8.4. PHARMACY OR DRUG STORES
8.4.1. Overview
8.4.2. Pharmacy or Drug Stores Market Forecast and Analysis
8.5. SPECIALTY STORES
8.5.1. Overview
8.5.2. Specialty Stores Market Forecast and Analysis
8.6. ONLINE RETAILERS
8.6.1. Overview
8.6.2. Online Retailers Market Forecast and Analysis
8.7. HYPERMARKETS/SUPERMARKETS
8.7.1. Overview
8.7.2. Hypermarkets/Supermarkets Market Forecast and Analysis
8.8. OTHER
8.8.1. Overview
8.8.2. Other Market Forecast and Analysis
9. OTC CONSUMER HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
9.1. OVERVIEW
9.2. FORM MARKET FORECASTS AND ANALYSIS
9.3. TABLET
9.3.1. Overview
9.3.2. Tablet Market Forecast and Analysis
9.4. POWDER
9.4.1. Overview
9.4.2. Powder Market Forecast and Analysis
9.5. LIQUID
9.5.1. Overview
9.5.2. Liquid Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. OTC CONSUMER HEALTHCARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America OTC Consumer Healthcare Market Overview
10.1.2 North America OTC Consumer Healthcare Market Forecasts and Analysis
10.1.3 North America OTC Consumer Healthcare Market Forecasts and Analysis - By Product
10.1.4 North America OTC Consumer Healthcare Market Forecasts and Analysis - By Distribution Channel
10.1.5 North America OTC Consumer Healthcare Market Forecasts and Analysis - By Form
10.1.6 North America OTC Consumer Healthcare Market Forecasts and Analysis - By Countries
10.1.6.1 Canada OTC Consumer Healthcare Market
10.1.6.1.1 Canada OTC Consumer Healthcare Market by Product
10.1.6.1.2 Canada OTC Consumer Healthcare Market by Distribution Channel
10.1.6.1.3 Canada OTC Consumer Healthcare Market by Form
10.1.6.2 Mexico OTC Consumer Healthcare Market
10.1.6.2.1 Mexico OTC Consumer Healthcare Market by Product
10.1.6.2.2 Mexico OTC Consumer Healthcare Market by Distribution Channel
10.1.6.2.3 Mexico OTC Consumer Healthcare Market by Form
10.1.6.3 US OTC Consumer Healthcare Market
10.1.6.3.1 US OTC Consumer Healthcare Market by Product
10.1.6.3.2 US OTC Consumer Healthcare Market by Distribution Channel
10.1.6.3.3 US OTC Consumer Healthcare Market by Form
10.2. EUROPE
10.2.1 Europe OTC Consumer Healthcare Market Overview
10.2.2 Europe OTC Consumer Healthcare Market Forecasts and Analysis
10.2.3 Europe OTC Consumer Healthcare Market Forecasts and Analysis - By Product
10.2.4 Europe OTC Consumer Healthcare Market Forecasts and Analysis - By Distribution Channel
10.2.5 Europe OTC Consumer Healthcare Market Forecasts and Analysis - By Form
10.2.6 Europe OTC Consumer Healthcare Market Forecasts and Analysis - By Countries
10.2.6.1 Germany OTC Consumer Healthcare Market
10.2.6.1.1 Germany OTC Consumer Healthcare Market by Product
10.2.6.1.2 Germany OTC Consumer Healthcare Market by Distribution Channel
10.2.6.1.3 Germany OTC Consumer Healthcare Market by Form
10.2.6.2 France OTC Consumer Healthcare Market
10.2.6.2.1 France OTC Consumer Healthcare Market by Product
10.2.6.2.2 France OTC Consumer Healthcare Market by Distribution Channel
10.2.6.2.3 France OTC Consumer Healthcare Market by Form
10.2.6.3 Italy OTC Consumer Healthcare Market
10.2.6.3.1 Italy OTC Consumer Healthcare Market by Product
10.2.6.3.2 Italy OTC Consumer Healthcare Market by Distribution Channel
10.2.6.3.3 Italy OTC Consumer Healthcare Market by Form
10.2.6.4 Spain OTC Consumer Healthcare Market
10.2.6.4.1 Spain OTC Consumer Healthcare Market by Product
10.2.6.4.2 Spain OTC Consumer Healthcare Market by Distribution Channel
10.2.6.4.3 Spain OTC Consumer Healthcare Market by Form
10.2.6.5 United Kingdom OTC Consumer Healthcare Market
10.2.6.5.1 United Kingdom OTC Consumer Healthcare Market by Product
10.2.6.5.2 United Kingdom OTC Consumer Healthcare Market by Distribution Channel
10.2.6.5.3 United Kingdom OTC Consumer Healthcare Market by Form
10.2.6.6 Rest of Europe OTC Consumer Healthcare Market
10.2.6.6.1 Rest of Europe OTC Consumer Healthcare Market by Product
10.2.6.6.2 Rest of Europe OTC Consumer Healthcare Market by Distribution Channel
10.2.6.6.3 Rest of Europe OTC Consumer Healthcare Market by Form
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific OTC Consumer Healthcare Market Overview
10.3.2 Asia-Pacific OTC Consumer Healthcare Market Forecasts and Analysis
10.3.3 Asia-Pacific OTC Consumer Healthcare Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific OTC Consumer Healthcare Market Forecasts and Analysis - By Distribution Channel
10.3.5 Asia-Pacific OTC Consumer Healthcare Market Forecasts and Analysis - By Form
10.3.6 Asia-Pacific OTC Consumer Healthcare Market Forecasts and Analysis - By Countries
10.3.6.1 Australia OTC Consumer Healthcare Market
10.3.6.1.1 Australia OTC Consumer Healthcare Market by Product
10.3.6.1.2 Australia OTC Consumer Healthcare Market by Distribution Channel
10.3.6.1.3 Australia OTC Consumer Healthcare Market by Form
10.3.6.2 China OTC Consumer Healthcare Market
10.3.6.2.1 China OTC Consumer Healthcare Market by Product
10.3.6.2.2 China OTC Consumer Healthcare Market by Distribution Channel
10.3.6.2.3 China OTC Consumer Healthcare Market by Form
10.3.6.3 India OTC Consumer Healthcare Market
10.3.6.3.1 India OTC Consumer Healthcare Market by Product
10.3.6.3.2 India OTC Consumer Healthcare Market by Distribution Channel
10.3.6.3.3 India OTC Consumer Healthcare Market by Form
10.3.6.4 Japan OTC Consumer Healthcare Market
10.3.6.4.1 Japan OTC Consumer Healthcare Market by Product
10.3.6.4.2 Japan OTC Consumer Healthcare Market by Distribution Channel
10.3.6.4.3 Japan OTC Consumer Healthcare Market by Form
10.3.6.5 South Korea OTC Consumer Healthcare Market
10.3.6.5.1 South Korea OTC Consumer Healthcare Market by Product
10.3.6.5.2 South Korea OTC Consumer Healthcare Market by Distribution Channel
10.3.6.5.3 South Korea OTC Consumer Healthcare Market by Form
10.3.6.6 Rest of Asia-Pacific OTC Consumer Healthcare Market
10.3.6.6.1 Rest of Asia-Pacific OTC Consumer Healthcare Market by Product
10.3.6.6.2 Rest of Asia-Pacific OTC Consumer Healthcare Market by Distribution Channel
10.3.6.6.3 Rest of Asia-Pacific OTC Consumer Healthcare Market by Form
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa OTC Consumer Healthcare Market Overview
10.4.2 Middle East and Africa OTC Consumer Healthcare Market Forecasts and Analysis
10.4.3 Middle East and Africa OTC Consumer Healthcare Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa OTC Consumer Healthcare Market Forecasts and Analysis - By Distribution Channel
10.4.5 Middle East and Africa OTC Consumer Healthcare Market Forecasts and Analysis - By Form
10.4.6 Middle East and Africa OTC Consumer Healthcare Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa OTC Consumer Healthcare Market
10.4.6.1.1 South Africa OTC Consumer Healthcare Market by Product
10.4.6.1.2 South Africa OTC Consumer Healthcare Market by Distribution Channel
10.4.6.1.3 South Africa OTC Consumer Healthcare Market by Form
10.4.6.2 Saudi Arabia OTC Consumer Healthcare Market
10.4.6.2.1 Saudi Arabia OTC Consumer Healthcare Market by Product
10.4.6.2.2 Saudi Arabia OTC Consumer Healthcare Market by Distribution Channel
10.4.6.2.3 Saudi Arabia OTC Consumer Healthcare Market by Form
10.4.6.3 U.A.E OTC Consumer Healthcare Market
10.4.6.3.1 U.A.E OTC Consumer Healthcare Market by Product
10.4.6.3.2 U.A.E OTC Consumer Healthcare Market by Distribution Channel
10.4.6.3.3 U.A.E OTC Consumer Healthcare Market by Form
10.4.6.4 Rest of Middle East and Africa OTC Consumer Healthcare Market
10.4.6.4.1 Rest of Middle East and Africa OTC Consumer Healthcare Market by Product
10.4.6.4.2 Rest of Middle East and Africa OTC Consumer Healthcare Market by Distribution Channel
10.4.6.4.3 Rest of Middle East and Africa OTC Consumer Healthcare Market by Form
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America OTC Consumer Healthcare Market Overview
10.5.2 South and Central America OTC Consumer Healthcare Market Forecasts and Analysis
10.5.3 South and Central America OTC Consumer Healthcare Market Forecasts and Analysis - By Product
10.5.4 South and Central America OTC Consumer Healthcare Market Forecasts and Analysis - By Distribution Channel
10.5.5 South and Central America OTC Consumer Healthcare Market Forecasts and Analysis - By Form
10.5.6 South and Central America OTC Consumer Healthcare Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil OTC Consumer Healthcare Market
10.5.6.1.1 Brazil OTC Consumer Healthcare Market by Product
10.5.6.1.2 Brazil OTC Consumer Healthcare Market by Distribution Channel
10.5.6.1.3 Brazil OTC Consumer Healthcare Market by Form
10.5.6.2 Argentina OTC Consumer Healthcare Market
10.5.6.2.1 Argentina OTC Consumer Healthcare Market by Product
10.5.6.2.2 Argentina OTC Consumer Healthcare Market by Distribution Channel
10.5.6.2.3 Argentina OTC Consumer Healthcare Market by Form
10.5.6.3 Rest of South and Central America OTC Consumer Healthcare Market
10.5.6.3.1 Rest of South and Central America OTC Consumer Healthcare Market by Product
10.5.6.3.2 Rest of South and Central America OTC Consumer Healthcare Market by Distribution Channel
10.5.6.3.3 Rest of South and Central America OTC Consumer Healthcare Market by Form
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. OTC CONSUMER HEALTHCARE MARKET, KEY COMPANY PROFILES
12.1. SUN PHARMACEUTICAL INDUSTRIES LIMITED
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. GLAXOSMITHKLINE PLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. GLENMARK PHARMACEUTICALS LTD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. JOHNSON AND JOHNSON PRIVATE LTD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SANOFI S.A.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. PIRAMAL ENTERPRISES LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. BOEHRINGER INGELHEIM GMBH
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. BAYER AG
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. IPSEN SA
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TEVA PHARMACEUTICAL INDUSTRIES LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Sun Pharmaceutical Industries Limited
2. GlaxoSmithKline Plc
3. Glenmark Pharmaceuticals Ltd
4. Johnson and Johnson Private Ltd
5. Sanofi S.A.
6. Piramal Enterprises Ltd.
7. Boehringer Ingelheim GmbH
8. Bayer AG
9. Ipsen SA
10. Teva Pharmaceutical Industries Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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