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The global over the counter drugs market was valued at USD Along with new channels of the accessibility in emerging markets in retail outlets, supermarkets are also contributing to the growth of the OTC medication market in the emerging economies.
As per the scope of this report, over the counter drugs are referred to as non-prescription drugs.
The weight-loss and dietary products segment is believed to show the highest CAGR of 8. The VMS vitamins, minerals, and supplements segment is believed to have the largest market share. The reason for this major share is the vast customer base for various products under this category.
Unlike other conditions, which are intense in nature, the VMS and weight loss conditions are not very bothersome. OTC products for these conditions are more of precautious nature than that of treatment or cure. And this is why the number of customers is relatively high than the ones for other indications. Large customer pools give rise to high demand, which, in turn, results in high revenue generation.
VMS products are very popular in developed countries because of the increasing unhealthy population. North America currently dominates the market for over the counter drugs and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the leading trend among pharmaceutical companies to switch from Rx to OTC drugs.
This is resulting in the formation of the bigger market. The over the counter drugs market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market.
Over the Counter Drugs Market - Growth, Trends, and Forecast (2020 - 2025)
However, with technological advancements and product innovation, mid-size to smaller companies are increasing their market presence by introducing new products with fewer prices. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Buy Now. Download Free Sample Now.
Market Snapshot. Study Period: Fastest growing market: Asia Pacific. Major Players:. How do you want us to tailor yours?
Global Pharmaceutical Market 1/3
Customize Report. Scope of the Report As per the scope of this report, over the counter drugs are referred to as non-prescription drugs. Click here. Competitive Landscape The over the counter drugs market is highly competitive and consists of several major players.
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