Over the Counter (OTC) Drugs & Dietary Supplements Market Overview:
The market for over-the-counter (OTC) medicines and nutritional additives was estimated to be worth $223 billion in 2016. It is expected to reach $335 billion by 2023, with a CAGR of 5.9% between 2023 and 2032. Because they can be purchased without a prescription, OTC medicines are also known as non-prescription pharmaceuticals. As long as they are consumed as prescribed by a doctor, over-the-counter medications are safe. However, nutritional supplements contain components that are used to meet the body’s nutrient requirements and preserve the right mix of nutrients. Additionally, they provide non-nutrient substances that are beneficial to the body physiologically.
The worldwide market for over-the-counter medications and dietary supplements is being driven by an increase in public awareness of general health-related issues as well as advancements in the pharmaceutical and healthcare industries. The rising popularity of over-the-counter medications for minor illnesses also helps the industry grow. The FDA’s stringent regulations governing the safety and efficacy of OTC medications also impede market growth.
Based on product category, distribution strategy, dosage form, and geographic region, the worldwide over-the-counter drug and dietary supplement market is segmented into submarkets. It is broken down into dietary and nutrient supplements, cold and cough medicines, analgesics, sleep aids, otic products, wart removers, mouthwashes, eyeglasses, botanicals, antacids, smoking cessation aids, feminine care, and other categories based on type. Depending on the structure, it is separated into tablets, hard capsules, powders, ointments, soft capsules, liquids, and other dosage forms. Depending on the type of substance, drugs are separated into branded and generic categories. Based on the distribution route, it is separated into pharmacies, grocery shops, vitamin and health food stores, internet pharmacies, and other types of businesses.
For those seeking a thorough examination and research of the Over the Counter (OTC) Drugs & Dietary Supplements market, the Over the Counter (OTC) Drugs & Dietary Supplements market report is the ideal starting point. The report aims to provide practical insights on forecasted global market growth on the base of historical growth analysis and the current Over the Counter (OTC) Drugs & Dietary Supplements market environment. The verified information in the report is based on results from in-depth primary and secondary research. Data insights are excellent tools for facilitating a deeper comprehension of many facets of the global market for over-the-counter (OTC) medications and dietary supplements. This aids users’ developmental approach even more. This study analyses the demand-supply situation, pricing structure, profit margins, production, and value chain analysis, as well as all other significant factors affecting the development of the global over-the-counter (OTC) drugs and dietary supplements market. A wealth of untapped possibilities in regional and domestic markets are unlocked by regional analysis of the global Over the Counter (OTC) Drugs & Dietary Supplements market. Users can assess business shares analysis, new product lines, the potential for NPD in new markets, pricing strategies, innovation opportunities, and much more with the help of detailed company profiling.
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Market Segmentations:
Global Over the Counter (OTC) Drugs & Dietary Supplements Market: Major Players
Roche Holding AG
Alliance Healthcare
Reckitt Benckiser Plc.
Sanofi S.A
Novartis International AG
Bayer Healthcare AG
Alfresa Pharma Corporation
AbbVie Inc.
Gilead Sciences
Pfizer Inc.
Alcon Inc.
Merck and Co., Inc.
The Colgate-Palmolive Company
GlaxoSmithKline plc.
Alacer Corp.
AstraZeneca plc.
Allergan, Plc.
Johnson and Johnson
Bausch and Lomb
Alkalon A/S
Global Over the Counter (OTC) Drugs & Dietary Supplements Market: Types
Analgesic and pain relievers
Dermatological products
Cough, cold, and flu products
Vitamin supplements
Mineral Supplements
Ophthalmic Products
Global Over the Counter (OTC) Drugs & Dietary Supplements Market: Applications
Pharmacies
Grocery Stores
Vitamin
Health Food Stores
Online Pharmacies
Global Over the Counter (OTC) Drugs & Dietary Supplements Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Over the Counter (OTC) Drugs & Dietary Supplements market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post sales analyst support
