Over-the-Counter Drugs Market Size, Share, Trends, Opportunities Analysis Forecast Report 2032

Over-the-Counter Drugs Market: Industry Prospective

The global over-the-counter drugs market size accrued earnings worth approximately USD 125.4 Billion in 2023 and is predicted to gain revenue of about USD 218.8 Billion by 2032, is set to record a CAGR of nearly 6.5% over the period from 2024 to 2032.

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Over-the-Counter Drugs Market Overview & Growth

The increasing population of elderly individuals and favorable regulatory policies are key factors driving the market growth rate. Additionally, the expiration of patents for many drugs, leading to their use as OTC medications, and the affordability of these drugs are contributing to the expansion of the over-the-counter (OTC) drugs market.

The report covers forecast and analysis for the over-the-counter drugs market on a global and regional level. The study provides historic data from 2018 to 2022 along with a forecast from 2023 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the over-the-counter drugs market, along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the over-the-counter drugs market on a global as well as regional level.

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In order to give the users of this report a comprehensive view on the over-the-counter drugs market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segment is benchmarked based on their market size, growth rate and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the over-the-counter drugs market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the over-the-counter drugs market on global and regional basis.

Over-the-Counter Drugs Market: Report Scope

Over-the-Counter Drugs Market: Segmentation & Regional Analysis

The OTC drugs market is segmented by product type, end-users, and distribution channels. Analyzing the growth within these segments will provide valuable insights and a market overview, aiding users in making strategic decisions to identify core market applications.

The countries covered in the OTC drugs market report include the U.S., Canada, Mexico, Brazil, Argentina, Peru, the rest of South America, Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, the rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, the rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, and the rest of the Middle East and Africa.

North America dominates the OTC drugs market due to the presence of major key players, high disposable income, significant healthcare expenditure, and a well-developed healthcare sector in this region.

Over-the-Counter Drugs Market: Competitive Players and Segments

Some of the leading players in the global market include

• GlaxoSmithKline (GSK)
• Sun Pharmaceutical Industries Ltd.
• Bayer HealthCare
• Johnson & Johnson
• Pfizer
• Sanofi
• Alkem Laboratories Limited
• Glenmark Pharmaceuticals Ltd.
• Cipla Inc.
• Takeda
• Teva Pharmaceutical Industries Ltd.
• Reckitt Benckiser Group Plc
• Innovus Pharmaceutical Inc.
• Piramal
• Dr. Reddy's Laboratories

Global Over-the-Counter Drugs Market: By Product

• Cough & Flu Products
• Analgesics
• Cold
• Weight Loss Products
• Mineral and Vitamin Supplements
• Gastrointestinal Products
• Ophthalmic Products
• Skin Products
• Others

By End-Users

• Specialty Clinic
• Home care
• Hospital
• Others

By Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

Global Over-the-Counter Drugs Market: By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa