(MoneyNewsWire.Net, August 17, 2017 ) Over the counter(OTC) drugs are the safe and effective drugs, which can be bought at the pharmacies and local stores, over the counter, without doctors prescription. These drugs are used for common ailments. Easy accessibility, low cost, convenience, customer-empowering qualities are the benefits of OTC drugs.
Browse market data tables and in-depth TOC of the Middle-East and Africa Over the Counter (OTC) Drugs Market to 2021 @http://www.marketdataforecast.com/market-reports/middle-east-and-africa-over-the-counter-drugs-market-514/
The healthcare situation in Africa is bettering up with many foreign collaborators joining the African nations. Along with that, public are also resorting to lower-priced alternatives due to raising costs in healthcare. Due to the low per-capita income in majority of the countries in Africa, the OTC drugs are introduced to people at lower costs, thus, trying to expand the consumer base. These are some of the drivers that shoot up the market growth. However, the market growth is badly hindered due to the issue of drug substance abuse and lack of awareness in under-developed areas.
Middle-East and Africa Over the Counter (OTC) Drugs Market: Segmentation Product Type Analgesics Cough, Cold and Flu Products Vitamins and Minerals Dermatological Products Gastrointestinal Products Ophthalmic Products Sleep Aid Products Weight Loss/Diet Products Others By Formulation Type Tablets Liquids Ointments Sprays Distribution Channels Pharmacies Supermarkets/Hypermarkets Convenience stores Others (Online Drug Stores)
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Africa is a newly emerging market in the field of OTC drugs, as most of the African nations are under-developed. Amongst the developing countries, South Africa is said to be the leading contributor to the African market. The major problem prevailing in the African market is drug substance abuse. Codeine used in Broncleer cough syrup is banned in South Africa, as it is considered to be the most abused OTC drug.
GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda are the leading companies that contribute to the market.
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Reasons to buy Middle-East and Africa Over the Counter (OTC) Drugs Market Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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