Over The Counter (OTC) Drugs Market Size Expected to Cross US$ 212.6 Billion by 2027 | CAGR 6.44%

IMARC Group has recently released a new research study titled "Over The Counter (OTC) Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global over the counter (OTC) drugs market reached a value of US$ 148 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 212.6 Billion by 2027, exhibiting a CAGR of 6.44% during 2022-2027.

Over-the-counter (OTC) drugs, also known as non-prescription drugs, refer to the drugs that can be purchased and consumed without any medical prescription. They comprise cough, cold and flu products, analgesics, dermatology and gastrointestinal products, vitamins, minerals and supplements (VMS), weight loss or dietary products, ophthalmic products, and sleeping aids. They are widely available in various forms, such as tablets, liquids, sprays, soft gels, capsules, and ointments. They are inexpensive, safe, effective, and well-tolerated by individuals and assist in reducing physician workload. As a result, OTC drugs are widely utilized to treat common health problems among individuals across the globe.    


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Over the Counter (OTC) Drugs Market Trends and Drivers:

At present, the rising preference for OTC drugs over prescription drugs among individuals represents one of the key factors supporting the growth of the market. Besides this, the growing demand for OTC drugs due to their cost-effectiveness is offering a positive market outlook. 

Additionally, the easy accessibility and affordability of OTC products around the world are offering lucrative growth opportunities to industry investors. Apart from this, the increasing demand for individualized drugs for minor disorders and the implementation of treatment procedures by healthcare payers are positively influencing the market. 

Furthermore, key players are introducing technology-based spray and gel and anti-itching OTC products, which is strengthening the market growth.       

Global Over the Counter (OTC) Drugs Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Alkem Laboratories Limited, Bayer AG, Daiichi Sankyo Company Limited, Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Perrigo Company plc, Pfizer Inc., Piramal Enterprises Ltd., Reckitt Benckiser Group PLC, Sanofi S.A., Sun Pharmaceutical Industries Ltd. and Teva Pharmaceutical Industries Ltd. 

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/over-the-counter-drugs-market

The report has segmented the market on the basis of region, product type, route of administration, dosage form and distribution channel.

Breakup by Product Type:

• Cough, Cold and Flu Products

• Analgesics

• Dermatology Products

• Gastrointestinal Products

• Vitamins, Minerals and Supplements (VMS)

• Weight-loss/Dietary Products

• Ophthalmic Products

• Sleeping Aids

• Others

Breakup by Route of Administration:

• Oral

• Parenteral

• Topical

• Others

Breakup by Dosage Form:

• Tablets and Capsules

• Liquids

• Ointments

• Others

Breakup by Distribution Channel:

• Hospital Pharmacies

• Retail Pharmacies

• Online Pharmacies

• Others

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022- 2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse Other Reports:

India Over The Counter (OTC) Drugs Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Over The Counter (OTC) Drugs Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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