PUBLISHER: TechNavio | PRODUCT CODE: 1275472
PUBLISHER: TechNavio | PRODUCT CODE: 1275472
Technavio has been monitoring the over-the-counter drug market and is forecast to grow by USD 58.54 bn during 2022-2027, accelerating at a CAGR of 6.53% during the forecast period. Our report on the over-the-counter drug market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by new product launches in the global over-the-counter drug market, the rising prevalence of diseases and otc drug use, and favorable regulatory framework for OTC drugs.
Technavio's over-the-counter drug market is segmented as below:
By Route Of Administration
By Distribution Channel
By Geography
This study identifies the increasing geriatric population as one of the prime reasons driving the over-the-counter drug market growth during the next few years. Also, increasing healthcare expenditure and growing adoption of e-commerce platforms for otc drugs will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading over-the-counter drug market vendors that include Abbott Laboratories, Achelios Therapeutics Inc., AstraZeneca Plc, Bayer AG, BioGaia AB, Boehringer Ingelheim International GmbH, Bukwang Pharmaceutical Co. Ltd., Chr Hansen Holding AS, Cipla Ltd., CVS Health Corp., Eli Lilly and Co., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., Lupin Ltd., Mankind Pharma Ltd., Novartis AG, Pfizer Inc., Reckitt Benckiser Group Plc, Sanofi SA, and Zydus Lifesciences Ltd.. Also, the over-the-counter drug market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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