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Global OTC Drugs Industry to reach USD 188.19 billion by 2021 with a CAGR of 7.4% | Market Data Forecast

 



(MoneyNewsWire.Net, August 18, 2017 ) Over the counter (OTC) drugs are the effective and safe drugs, which can be bought at the pharmacies and local stores, over the counter, without doctor’s prescription. These drugs are seldom used for common ailments. They are dispensed by the pharmacists, after the verification of customer’s age and identification. Acetaminophen, aspirin and ibuprofen are the most common OTC drugs. OTC drugs industry is booming with the allowance of previously high-priced prescribed drugs, shifting to OTC category.

OTC drugs are developed under OTC Monograph process or through New Drug Application (NDA) process. These drugs come with a monograph on which the ingredients of the drug, dosage and user instructions are written. Easy accessibility, lower costs, convenience, customer-empowering qualities are the benefits of OTC drugs. With the increasing number of chemists and pharma dispensaries, the drugs are readily available.

Browse industry data tables and in-depth TOC of the Global Over The Counter (OTC) Drugs Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-over-the-counter-drugs-market-509/

Public started showing pro-active approach towards the ailments. Along with that, they are also resorting to lower-priced alternatives due to raising costs in healthcare. The cultural shift in public towards self-reliance leads in gaining major acquisitions. These are some of the drivers that shoot up the industry growth. However, the industry growth is hindered due to the issue of drug substance abuse and lack of awareness in under-developed areas.

The global industry is segmented based on product type and geographically. The product industry basically caters medicines in the categories like analgesics, cough, cold and flu products, dermatological products, gastrointestinal products, vitamins, minerals, weight loss products, sleep aids, ophthalmic products, smoking cession aids and other products. More than half of the industry share belongs to categories like Analgesics, Cough, Cold & Flu, Dermatological and gastrointestinal categories.

Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-over-the-counter-drugs-market-509/request-sample

The OTC drugs industry can be geographically segmented into the regions like North America, Europe, Asia-Pacific, Middle East and Latin America. North American and Europe are the top contributors to this industry, followed by Asia-Pacific. Europe is said to attain a commendable profit due to very high increase in adoption rates by public. Asia-Pacific regions like China, Japan an India are fastest growing industrys, as the growth rate is shooting up exponentially. Latin American countries are just tailing behinds the top Asian contributors, with its newly emerging industrys in Brazil and Argentina. However, North America is forecasted to witness a decline in the industry due to the domination of generic medicine prescription. Some of the nations are yet to standardize the process of reviewing the nonprescription attainment status.

GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, GSK Boehringer Ingelheim, Sanofi, Takeda and PGT Healthcare are the top companies that contribute to OTC drugs industry. The maximum industry share is possessed by GlaxoSmithKline, Johnson and Johnson, Novartis and Sanofi. The extension of OTC service for the drugs dealing with chronic diseases like diabetes and hypertension is a new trend to be noticed.

Inquire before buying @ http://www.marketdataforecast.com/market-reports/global-over-the-counter-drugs-market-509/inquire

Key Points from Table of Contents
Overview
• Executive Summary
• Key Inferences
• New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Industry: Segmentation
• Product Type
o Analgesics
o Cough, Cold and Flu Products
o Vitamins and Minerals
o Dermatological Products
o Gastrointestinal Products
o Ophthalmic Products
o Sleep Aid Products
o Weight Loss/Diet Products
o Others
• By Formulation Type
o Tablets
o Liquids
o Ointments
o Sprays
• Distribution Channels
o Pharmacies
o Superindustrys/Hyperindustrys
o Convenience stores
o Others (Online Drug Stores)
Geographical Analysis
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Strategic Analysis
• PESTLE analysis
• Porter’s Five analysis
Industry Leaders' Analysis
Competitive Landscape

Avail discount @ http://www.marketdataforecast.com/market-reports/global-over-the-counter-drugs-market-509/request-discount

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.

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