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(MoneyNewsWire.Net, November 23, 2017 ) The OTC drugs market in North America has been estimated at USD 28.97 billion in 2016 and is projected to reach USD 39.69 billion by 2021, at a CAGR of 6.64% during the forecast period from 2016 to 2021. OTC Drugs are the effective and safe drugs, which can be bought at the pharmacies and local stores, without doctors prescription. Acetaminophen, aspirin and ibuprofen are the most common OTC drugs in North America.
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Easy accessibility and convenience are the main pluses of OTC drugs. With the increasing number of chemists and pharma dispensaries, the drugs are readily available and at low costs.
In North America, with the start of a pro-active approach towards the ailments, there is a cultural shift in public towards self-reliance. This is driving the market with a wide expansion of consumer base. The issue of drug substance abuse is the main constraint that is prevalent in the North American market.
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The North American market is segmented based on product and geographically. The product market 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. Majority of the market share belongs to categories like Analgesics, Cough, Cold & Flu, Dermatological and gastrointestinal categories.
North America OTC Drugs Market Geographical Analysis
United States
Canada
North America OTC Drugs Market Leaders' Analysis
GlaxoSmithKline
Johnson and Johnson
Novartis
Bayer
Pfizer
Boehringer Ingelheim
Sanofi
Takeda
PGT Healthcare
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