The OTC Drug And Dietary Supplement Global Market Report 2023, provides comprehensive information on the otc drug and dietary supplement market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The OTC Drug And Dietary Supplement Market’s Growth:
The global OTC drug and dietary supplement market is expected to grow from $291.13 billion in 2022 to $310.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The OTC drug and dietary supplement market is expected to reach $404.68 billion in 2027 at a CAGR of 6.8%.
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Product innovation is a key trend gaining popularity in the OTC drug and dietary supplement market. Major companies operating in the OTC drug and dietary supplement market are developing innovative products to strengthen their position in the market. For instance, in July 2022, Dr. Reddy’s Laboratories Ltd., an India-based pharmaceutical industry, launched over-the-counter (OTC) Fexofenadine HCl 180 mg and Pseudoephedrine HCl 240 mg extended-release OTC tablets. It is an over-the-counter oral antihistamine and nasal decongestant for the temporary relief of nasal and sinus congestion due to colds or allergies, which is an important addition to the upper respiratory portfolio of OTC products.
The otc drug and dietary supplement market is segmented:
1) By Category: Vitamin And Dietary Supplements, Cough And Cold Products, Analgesics, Gastrointestinal Products, Sleep Aids, Otic Products, Wart Removers, Mouth Care Products, Ophthalmic Products, Other Categories
2) By Dosage Form: Tablets, Hard Capsules, Powders, Ointments, Soft Capsules, Liquids, Other Dosage Forms
3) By Application: Pharmacies, Grocery Stores, Vitamin And Health Food Stores, Online Pharmacies
North America was the largest region in the otc drug and dietary supplement market in 202
The table of contents in TBRC’s otc drug and dietary supplement market report includes:
1. Executive Summary
2. OTC Drug And Dietary Supplement Market Characteristics
3. OTC Drug And Dietary Supplement Market Trends And Strategies
4. OTC Drug And Dietary Supplement Market – Macro Economic Scenario
5. OTC Drug And Dietary Supplement Market Segmentation
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26. South America OTC Drug And Dietary Supplement Market
27. Brazil OTC Drug And Dietary Supplement Market
28. Middle East OTC Drug And Dietary Supplement Market
29. Africa OTC Drug And Dietary Supplement Market 30. OTC Drug And Dietary Supplement Market Competitive Landscape And Company Profiles
Top Major Players:
- Pfizer Inc
- Johnson & Johnson Ltd
- F. Hoffmann-La Roche AG
- Merck & Co. Inc
- AbbVie Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players
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