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Over The Counter Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820785
Description Jump to:
The global over the counter (OTC) drugs market size reached US$ 158.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 231.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.24% during 2023-2028.

Over the counter (OTC) drugs, also known as non-prescription drugs, can be used without a prescription or the need for seeking treatment by a healthcare professional. They are safe and effective and help cure pain, cough and cold, diarrhea, constipation, acne and manage recurring migraines and allergies. They are currently available in pharmacies, convenience stores, supermarkets and gas stations across the globe.

Over The Counter (OTC) Drugs Market Trends:

The increasing utilization of OTC drugs to treat minor ailments among individuals represents one of the key factors bolstering the market growth. Besides this, OTC medications, such as antacids, histamine-2 (H2) blockers, and proton pump inhibitors (PPIs), are used to relieve and prevent heartburn or acid indigestion. In addition, due to the coronavirus disease (COVID-19) outbreak, there is a rise in awareness among individuals about the importance of self-care. This, in turn, is increasing the sales of nutritional supplements and strengthening the market growth. Moreover, key players are expanding their product portfolio to widen their consumer base and increase their geographical presence. This, coupled with the increasing approvals from regulatory bodies for switching prescription drugs to OTC drugs, is positively influencing the market. Apart from this, there is currently an increase in the number of people opting for OTC drugs rather than consulting physicians on account of increasing healthcare costs. Furthermore, self-medication practices can assist in controlling chronic diseases, reducing absenteeism from work, and saving scarce medical resources from being exhausted during minor conditions. Some of the other factors, such as the rising geriatric population worldwide, rapid expansion of distribution channels, and significant growth in the pharmaceutical industry, are driving the overall sales and profitability.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global over the counter (OTC) drugs market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, route of administration, dosage form and distribution channel.

Breakup by Product Type:

  • Cough, Cold and Flu Products
  • Analgesics
  • Dermatology Products
  • Gastrointestinal Products
  • Vitamins, Minerals and Supplements (VMS)
  • Weight-loss/Dietary Products
  • Ophthalmic Products
  • Sleeping Aids
  • Others

Breakup by Route of Administration:

  • Oral
  • Parenteral
  • Topical
  • Others

Breakup by Dosage Form:

  • Tablets and Capsules
  • Liquids
  • Ointments
  • Others

Breakup by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Breakup by Region:

North America

  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alkem Laboratories Limited, Bayer AG, Daiichi Sankyo Company Limited, Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc, Johnson & Johnson, Novartis AG, Perrigo Company plc, Pfizer Inc., Piramal Enterprises Ltd., Reckitt Benckiser Group PLC, Sanofi S.A., Sun Pharmaceutical Industries Ltd. and Teva Pharmaceutical Industries Ltd.

Key Questions Answered in This Report

1. What was the size of the global over the counter (OTC) drugs market in 2022?
2. What is the expected growth rate of the global over the counter (OTC) drugs market during 2023-2028?
3. What are the key factors driving the global over the counter (OTC) drugs market?
4. What has been the impact of COVID-19 on the global over the counter (OTC) drugs market?
5. What is the breakup of the global over the counter (OTC) drugs market based on the product type?
6. What is the breakup of the global over the counter (OTC) drugs market based on the route of administration?
7. What is the breakup of the global over the counter (OTC) drugs market based on the dosage form?
8. What is the breakup of the global over the counter (OTC) drugs market based on the distribution channel?
9. What are the key regions in the global over the counter (OTC) drugs market?
10. Who are the key players/companies in the global over the counter (OTC) drugs market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Over The Counter (OTC) Drugs Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Cough, Cold and Flu Products
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Analgesics
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dermatology Products
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Gastrointestinal Products
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Vitamins, Minerals and Supplements (VMS)
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Weight-loss/Dietary Products
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Ophthalmic Products
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Sleeping Aids
6.8.1 Market Trends
6.8.2 Market Forecast
6.9 Others
6.9.1 Market Trends
6.9.2 Market Forecast
7 Market Breakup by Route of Administration
7.1 Oral
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Parenteral
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Topical
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Dosage Form
8.1 Tablets and Capsules
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Liquids
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Ointments
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Hospital Pharmacies
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Retail Pharmacies
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Pharmacies
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alkem Laboratories Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Bayer AG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Daiichi Sankyo Company Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Dr. Reddy’s Laboratories Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 GlaxoSmithKline plc
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Johnson & Johnson
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Novartis AG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Perrigo Company plc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Pfizer Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Piramal Enterprises Ltd.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Reckitt Benckiser Group PLC
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Sanofi S.A.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Sun Pharmaceutical Industries Ltd.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14 Teva Pharmaceutical Industries Ltd.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.14.4 SWOT Analysis
List of Figures
Figure 1: Global: Over The Counter Drugs Market: Major Drivers and Challenges
Figure 2: Global: Over The Counter Drugs Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Over The Counter Drugs Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Over The Counter Drugs Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Over The Counter Drugs Market: Breakup by Route of Administration (in %), 2022
Figure 6: Global: Over The Counter Drugs Market: Breakup by Dosage Form (in %), 2022
Figure 7: Global: Over The Counter Drugs Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Over The Counter Drugs Market: Breakup by Region (in %), 2022
Figure 9: Global: Over The Counter Drugs (Cough, Cold and Flu Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Over The Counter Drugs (Cough, Cold and Flu Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Over The Counter Drugs (Analgesics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Over The Counter Drugs (Analgesics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Over The Counter Drugs (Dermatology Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Over The Counter Drugs (Dermatology Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Over The Counter Drugs (Gastrointestinal Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Over The Counter Drugs (Gastrointestinal Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Over The Counter Drugs (Vitamins, Minerals and Supplements (VMS)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Over The Counter Drugs (Vitamins, Minerals and Supplements (VMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Over The Counter Drugs (Weight-loss/Dietary Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Over The Counter Drugs (Weight-loss/Dietary Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Over The Counter Drugs (Ophthalmic Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Over The Counter Drugs (Ophthalmic Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Over The Counter Drugs (Sleeping Aids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Over The Counter Drugs (Sleeping Aids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Over The Counter Drugs (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Over The Counter Drugs (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Over The Counter Drugs (Oral) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Over The Counter Drugs (Oral) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Over The Counter Drugs (Parenteral) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Over The Counter Drugs (Parenteral) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Over The Counter Drugs (Topical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Over The Counter Drugs (Topical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Over The Counter Drugs (Other Route of Administrations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Over The Counter Drugs (Other Route of Administrations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Over The Counter Drugs (Tablets and Capsules) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Over The Counter Drugs (Tablets and Capsules) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Over The Counter Drugs (Liquids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Over The Counter Drugs (Liquids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Over The Counter Drugs (Ointments) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Over The Counter Drugs (Ointments) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Over The Counter Drugs (Other Dosage Forms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Over The Counter Drugs (Other Dosage Forms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Over The Counter Drugs (Hospital Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Over The Counter Drugs (Hospital Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Over The Counter Drugs (Retail Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Over The Counter Drugs (Retail Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Over The Counter Drugs (Online Pharmacies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Over The Counter Drugs (Online Pharmacies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Over The Counter Drugs (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Over The Counter Drugs (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: North America: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: North America: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United States: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United States: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Canada: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Canada: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Asia-Pacific: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Asia-Pacific: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: China: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: China: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Japan: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Japan: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: India: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: India: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: South Korea: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: South Korea: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Australia: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Australia: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Indonesia: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Indonesia: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Europe: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Europe: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Germany: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Germany: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: France: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: France: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: United Kingdom: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: United Kingdom: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Italy: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Italy: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Spain: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Spain: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Russia: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Russia: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Latin America: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Latin America: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Brazil: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Brazil: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Mexico: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Mexico: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Others: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Others: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Middle East and Africa: Over The Counter Drugs Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Middle East and Africa: Over The Counter Drugs Market: Breakup by Country (in %), 2022
Figure 99: Middle East and Africa: Over The Counter Drugs Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 100: Global: Over The Counter Drugs Industry: SWOT Analysis
Figure 101: Global: Over The Counter Drugs Industry: Value Chain Analysis
Figure 102: Global: Over The Counter Drugs Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Over The Counter Drugs Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Over The Counter Drugs Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Over The Counter Drugs Market Forecast: Breakup by Route of Administration (in Million US$), 2023-2028
Table 4: Global: Over The Counter Drugs Market Forecast: Breakup by Dosage Form (in Million US$), 2023-2028
Table 5: Global: Over The Counter Drugs Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Over The Counter Drugs Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Over The Counter Drugs Market: Competitive Structure
Table 8: Global: Over The Counter Drugs Market: Key Players

Companies Mentioned

  • Alkem Laboratories Limited
  • Bayer AG
  • Daiichi Sankyo Company Limited
  • Dr. Reddy’s Laboratories Ltd.
  • GlaxoSmithKline plc
  • Johnson & Johnson
  • Novartis AG
  • Perrigo Company plc
  • Pfizer Inc.
  • Piramal Enterprises Ltd.
  • Reckitt Benckiser Group PLC
  • Sanofi S.A.
  • Sun Pharmaceutical Industries Ltd. and Teva Pharmaceutical Industries Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 158.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 231.7 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal
No. of Companies Mentioned13

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About the Over the Counter (OTC) Drugs Market

The Over the Counter (OTC) Drugs market is a segment of the pharmaceutical industry that includes drugs that can be purchased without a prescription. These drugs are typically used to treat minor ailments such as headaches, colds, and allergies. OTC drugs are generally considered safe and effective when used as directed. OTC drugs are regulated by the Food and Drug Administration (FDA) and must meet certain safety and efficacy standards. The FDA also requires that OTC drugs be labeled with clear instructions for use. Some of the major players in the OTC Drugs market include Johnson & Johnson, GlaxoSmithKline, Pfizer, Bayer, and Novartis. These companies produce a wide range of OTC drugs, including pain relievers, cold and flu remedies, antacids, and allergy medications. Show Less Read more

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