Over-The-Counter Drugs Market Key Findings by 2031
Over-the-counter drugs are sold to the customer without a prescription of the doctor. They are typically used for minor health problems and are available at local pharmacies and shops. They are safe and effective when consumed according to the physician's directions. OTC drugs can be readily available in pharmacies and online health websites worldwide. Over the counter drugs are generally taken off the shelf. OTC drugs also include dietary supplements which are intended to deliver desired nutrients to the body to increase the quantity of an individual's diet.
MARKET DYNAMICS
The over-the-counter drug market is expected to grow exponentially in the forecast period owing to the factors such as improvement in lifestyle and aging of baby boomers, increasing penetration among emerging economies, favorable regulatory framework, and innovation in OTC products. Furthermore, the inclination of pharmaceutical companies towards OTC drugs from RX drugs is anticipated to offer significant growth opportunities in the market during the forecast period.
MARKET SCOPE
The "Global Over-The-Counter Drugs Market Analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the over-the-counter drugs market with detailed market segmentation by product type, distribution channel, and geography. The global over-the-counter drugs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading over-the-counter drugs market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global over-the-counter drugs market is segmented on the basis of product type and distribution channel. Based on product type, the market is classified as dermatology products, weight-loss or dietary products, sleeping aids, gastrointestinal products, cough, cold, and flu products, analgesics, vitamins, mineral, and supplements (VMS), ophthalmic products, and other product types. Based on distribution channel, the market is divided as hospital pharmacies, retail pharmacies, online pharmacy and other distribution channels
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global over-the-counter drugs market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The over-the-counter drugs market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting over-the-counter drugs market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Over-the-counter drugs market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global over-the-counter drugs market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The over-the-counter drugs market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting over-the-counter drugs market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Over-the-counter drugs market in these regions.
MARKET PLAYERSThe reports cover key developments in the over-the-counter drugs market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from over-the-counter drugs market are anticipated to lucrative growth opportunities in the future with the rising demand for over-the-counter drugs market in the global market. Below mentioned is the list of few companies engaged in the Over-the-counter drugs market.
The report also includes the profiles of key over-the-counter drugs market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Alkem Health Care
- Bayer CropScience Limited
- Cipla Inc.
- GlaxoSmithKline plc.
- Glenmark Pharmaceuticals Limited
- Ipsen Pharma
- Pfizer Inc.
- Procter & Gamble
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Over-the-Counter Drugs Market - By Product Type
1.3.2 Over-the-Counter Drugs Market - By Distribution Channel
1.3.3 Over-the-Counter Drugs Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OVER-THE-COUNTER DRUGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OVER-THE-COUNTER DRUGS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. OVER-THE-COUNTER DRUGS MARKET - GLOBAL MARKET ANALYSIS
6.1. OVER-THE-COUNTER DRUGS - GLOBAL MARKET OVERVIEW
6.2. OVER-THE-COUNTER DRUGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OVER-THE-COUNTER DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. DERMATOLOGY PRODUCTS
7.3.1. Overview
7.3.2. Dermatology Products Market Forecast and Analysis
7.4. WEIGHT-LOSS OR DIETARY PRODUCTS
7.4.1. Overview
7.4.2. Weight-loss or Dietary Products Market Forecast and Analysis
7.5. SLEEPING AIDS
7.5.1. Overview
7.5.2. Sleeping Aids Market Forecast and Analysis
7.6. GASTROINTESTINAL PRODUCTS
7.6.1. Overview
7.6.2. Gastrointestinal Products Market Forecast and Analysis
7.7. COUGH, COLD, AND FLU PRODUCTS
7.7.1. Overview
7.7.2. Cough, Cold, and Flu Products Market Forecast and Analysis
7.8. ANALGESICS
7.8.1. Overview
7.8.2. Analgesics Market Forecast and Analysis
7.9. VITAMINS, MINERAL, AND SUPPLEMENTS (VMS)
7.9.1. Overview
7.9.2. Vitamins, Mineral, and Supplements (VMS) Market Forecast and Analysis
7.10. OPHTHALMIC PRODUCTS
7.10.1. Overview
7.10.2. Ophthalmic Products Market Forecast and Analysis
7.11. OTHER PRODUCT TYPES
7.11.1. Overview
7.11.2. Other Product Types Market Forecast and Analysis
8. OVER-THE-COUNTER DRUGS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL PHARMACIES
8.3.1. Overview
8.3.2. Hospital Pharmacies Market Forecast and Analysis
8.4. RETAIL PHARMACIES
8.4.1. Overview
8.4.2. Retail Pharmacies Market Forecast and Analysis
8.5. ONLINE PHARMACY
8.5.1. Overview
8.5.2. Online Pharmacy Market Forecast and Analysis
8.6. OTHER DISTRIBUTION CHANNELS
8.6.1. Overview
8.6.2. Other Distribution Channels Market Forecast and Analysis
9. OVER-THE-COUNTER DRUGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Over-the-Counter Drugs Market Overview
9.1.2 North America Over-the-Counter Drugs Market Forecasts and Analysis
9.1.3 North America Over-the-Counter Drugs Market Forecasts and Analysis - By Product Type
9.1.4 North America Over-the-Counter Drugs Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Over-the-Counter Drugs Market Forecasts and Analysis - By Countries
9.1.5.1 United States Over-the-Counter Drugs Market
9.1.5.1.1 United States Over-the-Counter Drugs Market by Product Type
9.1.5.1.2 United States Over-the-Counter Drugs Market by Distribution Channel
9.1.5.2 Canada Over-the-Counter Drugs Market
9.1.5.2.1 Canada Over-the-Counter Drugs Market by Product Type
9.1.5.2.2 Canada Over-the-Counter Drugs Market by Distribution Channel
9.1.5.3 Mexico Over-the-Counter Drugs Market
9.1.5.3.1 Mexico Over-the-Counter Drugs Market by Product Type
9.1.5.3.2 Mexico Over-the-Counter Drugs Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Over-the-Counter Drugs Market Overview
9.2.2 Europe Over-the-Counter Drugs Market Forecasts and Analysis
9.2.3 Europe Over-the-Counter Drugs Market Forecasts and Analysis - By Product Type
9.2.4 Europe Over-the-Counter Drugs Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Over-the-Counter Drugs Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Over-the-Counter Drugs Market
9.2.5.1.1 Germany Over-the-Counter Drugs Market by Product Type
9.2.5.1.2 Germany Over-the-Counter Drugs Market by Distribution Channel
9.2.5.2 France Over-the-Counter Drugs Market
9.2.5.2.1 France Over-the-Counter Drugs Market by Product Type
9.2.5.2.2 France Over-the-Counter Drugs Market by Distribution Channel
9.2.5.3 Italy Over-the-Counter Drugs Market
9.2.5.3.1 Italy Over-the-Counter Drugs Market by Product Type
9.2.5.3.2 Italy Over-the-Counter Drugs Market by Distribution Channel
9.2.5.4 Spain Over-the-Counter Drugs Market
9.2.5.4.1 Spain Over-the-Counter Drugs Market by Product Type
9.2.5.4.2 Spain Over-the-Counter Drugs Market by Distribution Channel
9.2.5.5 United Kingdom Over-the-Counter Drugs Market
9.2.5.5.1 United Kingdom Over-the-Counter Drugs Market by Product Type
9.2.5.5.2 United Kingdom Over-the-Counter Drugs Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Over-the-Counter Drugs Market Overview
9.3.2 Asia-Pacific Over-the-Counter Drugs Market Forecasts and Analysis
9.3.3 Asia-Pacific Over-the-Counter Drugs Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Over-the-Counter Drugs Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Over-the-Counter Drugs Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Over-the-Counter Drugs Market
9.3.5.1.1 Australia Over-the-Counter Drugs Market by Product Type
9.3.5.1.2 Australia Over-the-Counter Drugs Market by Distribution Channel
9.3.5.2 China Over-the-Counter Drugs Market
9.3.5.2.1 China Over-the-Counter Drugs Market by Product Type
9.3.5.2.2 China Over-the-Counter Drugs Market by Distribution Channel
9.3.5.3 India Over-the-Counter Drugs Market
9.3.5.3.1 India Over-the-Counter Drugs Market by Product Type
9.3.5.3.2 India Over-the-Counter Drugs Market by Distribution Channel
9.3.5.4 Japan Over-the-Counter Drugs Market
9.3.5.4.1 Japan Over-the-Counter Drugs Market by Product Type
9.3.5.4.2 Japan Over-the-Counter Drugs Market by Distribution Channel
9.3.5.5 South Korea Over-the-Counter Drugs Market
9.3.5.5.1 South Korea Over-the-Counter Drugs Market by Product Type
9.3.5.5.2 South Korea Over-the-Counter Drugs Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Over-the-Counter Drugs Market Overview
9.4.2 Middle East and Africa Over-the-Counter Drugs Market Forecasts and Analysis
9.4.3 Middle East and Africa Over-the-Counter Drugs Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Over-the-Counter Drugs Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Over-the-Counter Drugs Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Over-the-Counter Drugs Market
9.4.5.1.1 South Africa Over-the-Counter Drugs Market by Product Type
9.4.5.1.2 South Africa Over-the-Counter Drugs Market by Distribution Channel
9.4.5.2 Saudi Arabia Over-the-Counter Drugs Market
9.4.5.2.1 Saudi Arabia Over-the-Counter Drugs Market by Product Type
9.4.5.2.2 Saudi Arabia Over-the-Counter Drugs Market by Distribution Channel
9.4.5.3 U.A.E Over-the-Counter Drugs Market
9.4.5.3.1 U.A.E Over-the-Counter Drugs Market by Product Type
9.4.5.3.2 U.A.E Over-the-Counter Drugs Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Over-the-Counter Drugs Market Overview
9.5.2 South and Central America Over-the-Counter Drugs Market Forecasts and Analysis
9.5.3 South and Central America Over-the-Counter Drugs Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Over-the-Counter Drugs Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Over-the-Counter Drugs Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Over-the-Counter Drugs Market
9.5.5.1.1 Brazil Over-the-Counter Drugs Market by Product Type
9.5.5.1.2 Brazil Over-the-Counter Drugs Market by Distribution Channel
9.5.5.2 Argentina Over-the-Counter Drugs Market
9.5.5.2.1 Argentina Over-the-Counter Drugs Market by Product Type
9.5.5.2.2 Argentina Over-the-Counter Drugs Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OVER-THE-COUNTER DRUGS MARKET, KEY COMPANY PROFILES
11.1. ALKEM HEALTH CARE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAYER CROPSCIENCE LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CIPLA INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GLAXOSMITHKLINE PLC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GLENMARK PHARMACEUTICALS LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IPSEN PHARMA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PFIZER INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PROCTER AND GAMBLE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUN PHARMACEUTICAL INDUSTRIES LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TEVA PHARMACEUTICAL INDUSTRIES LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Alkem Health Care
2. Bayer CropScience Limited
3. Cipla Inc.
4. GlaxoSmithKline plc.
5. Glenmark Pharmaceuticals Limited
6. Ipsen Pharma
7. Pfizer Inc.
8. Procter & Gamble
9. Sun Pharmaceutical Industries Ltd.
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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