PUBLISHER: SkyQuest | PRODUCT CODE: 1095234
PUBLISHER: SkyQuest | PRODUCT CODE: 1095234
The Global Consumer Healthcare Market was valued at USD 325.25 Billion in 2020, and it is expected to reach a value of USD 486.13 Billion by 2027, at a CAGR of more than 6.10% over the forecast period (2021 - 2027).The primary drivers fueling the rise of the consumer healthcare business include a high desire for self-medication, increased healthcare expenses, an older population that is more prone to disease, deterioration in mental health, and a shift from pharmaceutical prescription to OTC goods. Furthermore, market growth is fueled by the acceptance of wellness and preventative care, as well as an increase in disposable money. The market, however, is limited by government regulations and the presence of counterfeit medications. On the contrary, the rise in demand for branded goods, private labels, and over-the-counter generics, as well as the growth and expanded use of internet sources, will provide various opportunities in the near future.
Top-down and bottom-up approaches were used to estimate and validate the size of the global consumer healthcare market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Aspects covered in this report:
By Over-the-counter (OTC) the market is segmented into analgesics, cold, cough & flu products, weight loss products, gastrointestinal products, skin products, mineral, and vitamin supplements, sleeping aids, ophthalmic products, others. By Sports Nutrition the market is segmented into sports supplements, vitamins, minerals, amino acids, probiotics, omega -3 fatty acids, carbohydrates. By vitamins and dietary supplements, the market is segmented into vitamins, botanicals, minerals, proteins & amino acids, omega fatty acids, others. By weight management and wellbeing, the market is segmented into meals, beverages, supplements. By herbal/traditional products the market is segmented into pharmaceuticals, food & beverages, personal care. By allergy care the market is segmented into nasal spray, antihistamine medication, eye drops & pediatric. Based on region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.