PUBLISHER: IMARC | PRODUCT CODE: 1519370
PUBLISHER: IMARC | PRODUCT CODE: 1519370
Over The Counter Drugs Market Report by Product Type, Route of Administration, Dosage Form, Distribution Channel, and Region 2024-2032
The global over the counter (OTC) drugs market size reached US$ 168.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 275.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
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:
IMARC Group 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 2024-2032. 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:
Breakup by Dosage Form:
Breakup by Distribution Channel:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
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
3 Executive Summary
4 Introduction
5 Global Over The Counter (OTC) Drugs Market
6 Market Breakup by Product Type
7 Market Breakup by Route of Administration
8 Market Breakup by Dosage Form
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
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$), 2018-2023
- Figure 3: Global: Over The Counter Drugs Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Over The Counter Drugs Market: Breakup by Product Type (in %), 2023
- Figure 5: Global: Over The Counter Drugs Market: Breakup by Route of Administration (in %), 2023
- Figure 6: Global: Over The Counter Drugs Market: Breakup by Dosage Form (in %), 2023
- Figure 7: Global: Over The Counter Drugs Market: Breakup by Distribution Channel (in %), 2023
- Figure 8: Global: Over The Counter Drugs Market: Breakup by Region (in %), 2023
- Figure 9: Global: Over The Counter Drugs (Cough, Cold and Flu Products) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Over The Counter Drugs (Cough, Cold and Flu Products) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Over The Counter Drugs (Analgesics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Over The Counter Drugs (Analgesics) Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
