Press Release

OTC Drugs Market to Reach USD 233.6 Billion in 2028; Rising Geriatric Population and Cost-effectiveness of These Products to Augment Growth, says Fortune Business Insights™

OTC Drugs Market to Reach USD 233.6 Billion in 2028; Rising Geriatric Population and Cost-effectiveness of These Products to Augment Growth, says Fortune Business Insights™

The global OTC drugs market is set to gain momentum from the increasing inclination of manufacturers towards over the counter medications from prescription drugs. In 2019, Bayer AG, for instance, mentioned that it is planning to change a few of its prescriptive products that are suitable for self-care to OTC. This information is given by Fortune Business Insights™ in a report, titled, “OTC Drugs Market, 2021-2028.” As per the report, the market size is projected to grow from USD 157.0 billion in 2021 to USD 233.6 billion in 2028 at a CAGR of 5.8% in the forecast period. It stood at USD 148.0 billion in 2020.

Get Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/over-the-counter-otc-drugs-market-105433

COVID-19 Pandemic to Propel Growth in Consumer Health Segment Globally

The COVID-19 pandemic has disrupted import and export activities of various companies worldwide. But, a few of them, including GlaxoSmithKline Plc, Sanofi S.A., Johnson & Johnson Private Limited, and others have declared that they have exhibited growth in terms of revenue in their consumer health or OTC segment. As per a report published by Johnson & Johnson Private Limited in 2020, the demand for TYLENOL surged amid the pandemic. Our research reports will help you to select the best strategy to take your business to a whole new level.

Segments-

Cough & Cold RemediesSegment Held 21.8% Share in 2020: Fortune Business Insights™

Based on the product type, the market is divided into analgesics, cold & cough remedies, digestives & intestinal remedies, skin treatment, vitamins & minerals, and others. Out of these, the cough & cold remedies segment earned 21.8% in terms of the over the counter drugs market share in 2020. The cold & cough remedies segment is anticipated to dominate in the near future because of the surging prevalence of cough and cold owing to seasonal changes among populations.

Quick Buy Over The Counter Drugs Market

https://www.fortunebusinessinsights.com/checkout-page/105433

Related Reports:

Ophthalmic Diagnostic Devices Market Segments

Ophthalmic Diagnostic Devices Market Competitive Landscape

Ophthalmic Diagnostic Devices Market Demand

Ophthalmic Diagnostic Devices Market Key Players

Ophthalmic Diagnostic Devices Market Business Opportunities

Ophthalmic Diagnostic Devices Market Analysis

Ophthalmic Diagnostic Devices Market Growth

Ophthalmic Diagnostic Devices Market Trends

Ophthalmic Diagnostic Devices Market Share

Ophthalmic Diagnostic Devices Market Size

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close