OVER-THE-Counter Drugs Market get comprehensive research offering detailed regional analysis and growth outlook
Expanding geriatric population base which is highly susceptible to suffer from several diseases such as joint pain will drive global Over-the-Counter (OTC) drugs demand over the forecast period. Growing healthcare awareness among people and cost-effective
(EMAILWIRE.COM, February 07, 2018 ) Over-the-Counter (OTC) Drugs Market is set to exceed USD 178 billion by 2024; according to a new research report.
Expanding geriatric population base which is highly susceptible to suffer from several diseases such as joint pain will drive global Over-the-Counter (OTC) drugs demand over the forecast period. Growing healthcare awareness among people and cost-effectiveness associated with OTC drugs will further fuel industry growth.
Pharmaceutical companies' switch from Rx to OTC drugs serves as high impact rendering factor on industry growth over the forecast period. This will provide potential growth opportunities for companies to rejuvenate an off-patent brand into a new life-cycle growth phase.
Issues pertaining to substance abuse and less awareness in emerging and underdeveloped economies about medicines are major growth restraining factors. Furthermore, risk associated with taking wrong medicines due to improper self-diagnosis is most likely to make regulations more stringent.
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The competitive spectrum of Over-the-Counter Drugs industry, encompassing renowned biggies such as Johnson & Johnson Pfizer, Cipla, Dr. Reddy's Laboratories, Takeda, Teva Pharmaceuticals, Sanofi, Bayer and GlaxoSmithKline. has been comprehensively explored in this report. Furthermore, it also highlights the dominance of the manufacturers region-wise, specifically focusing on the fluctuating price trends of Over-the-Counter Drugs, sales, and revenue.
Scope of Report:
Global Over-the-Counter Drugs market report classifies this industry extensively in terms of the regional landscape.
Analgesics accounted for significant value share of the market in 2016. OTC analgesics have application in the treatment of fever, headaches, flu, colds, musculoskeletal injuries & disorders, arthritis, toothaches, and menstrual cramps which will spur demand. Frequent body pain experienced by geriatric population, increasing incidences of arthritis, cancer and cardiovascular disease, and increasing investment in R&D by public & private sector, with major focus to formulate new therapeutics and will drive industry growth.
Cold, cough and flu segment should witness substantial growth over the forecast timeframe. The growth is attributed by demand from increasing number of individuals catching cold and flu multiple times in a year. Non-life-threatening nature of these infections make OTC medication a viable choice for the patient, resulting to escalating demand. Moreover, increasing awareness through media such as TV, social media home pages and print circular will propel industry growth.
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Over-the-Counter (OTC) Drugs Market by Product
Analgesics
Cold, Cough & Flu
Weight Loss
Gastrointestinal
Skin
Mineral and Vitamin Supplements
Sleeping Aids
Ophthalmic
Continued@.............
For More Tactical Information: https://www.marketstudyreport.com/reports/over-the-counter-otc-drugs-market/?utm_source=EMAIL-DC
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Expanding geriatric population base which is highly susceptible to suffer from several diseases such as joint pain will drive global Over-the-Counter (OTC) drugs demand over the forecast period. Growing healthcare awareness among people and cost-effectiveness associated with OTC drugs will further fuel industry growth.
Pharmaceutical companies' switch from Rx to OTC drugs serves as high impact rendering factor on industry growth over the forecast period. This will provide potential growth opportunities for companies to rejuvenate an off-patent brand into a new life-cycle growth phase.
Issues pertaining to substance abuse and less awareness in emerging and underdeveloped economies about medicines are major growth restraining factors. Furthermore, risk associated with taking wrong medicines due to improper self-diagnosis is most likely to make regulations more stringent.
Get Sample Copy of this Report: https://www.marketstudyreport.com/request-a-sample/744109//?utm_source=EMAIL-DC
The competitive spectrum of Over-the-Counter Drugs industry, encompassing renowned biggies such as Johnson & Johnson Pfizer, Cipla, Dr. Reddy's Laboratories, Takeda, Teva Pharmaceuticals, Sanofi, Bayer and GlaxoSmithKline. has been comprehensively explored in this report. Furthermore, it also highlights the dominance of the manufacturers region-wise, specifically focusing on the fluctuating price trends of Over-the-Counter Drugs, sales, and revenue.
Scope of Report:
Global Over-the-Counter Drugs market report classifies this industry extensively in terms of the regional landscape.
Analgesics accounted for significant value share of the market in 2016. OTC analgesics have application in the treatment of fever, headaches, flu, colds, musculoskeletal injuries & disorders, arthritis, toothaches, and menstrual cramps which will spur demand. Frequent body pain experienced by geriatric population, increasing incidences of arthritis, cancer and cardiovascular disease, and increasing investment in R&D by public & private sector, with major focus to formulate new therapeutics and will drive industry growth.
Cold, cough and flu segment should witness substantial growth over the forecast timeframe. The growth is attributed by demand from increasing number of individuals catching cold and flu multiple times in a year. Non-life-threatening nature of these infections make OTC medication a viable choice for the patient, resulting to escalating demand. Moreover, increasing awareness through media such as TV, social media home pages and print circular will propel industry growth.
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/744109//?utm_source=EMAIL-DC
Over-the-Counter (OTC) Drugs Market by Product
Analgesics
Cold, Cough & Flu
Weight Loss
Gastrointestinal
Skin
Mineral and Vitamin Supplements
Sleeping Aids
Ophthalmic
Continued@.............
For More Tactical Information: https://www.marketstudyreport.com/reports/over-the-counter-otc-drugs-market/?utm_source=EMAIL-DC
Related Report
Plastic Fencing Market Size By Material Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 - 2024
The global construction industry is expected to surpass $4.5 trillion by 2024. With increased construction spending and the rising usage of plastics in construction, plastic fencing market is also expected to grow significantly over 2017-2024.
https://www.marketstudyreport.com/reports/plastic-fencing-market/?utm_source=EMAIL-DC
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/
Contact Information:
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Tel: 1-201-355-0868
Email us
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Market Study Report
Arun Hegde
Tel: 1-201-355-0868
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results