(EMAILWIRE.COM, August 01, 2018 ) According to the report Europe OTC drugs market in Europe has been estimated at USD 52.41 Million in 2018 and is projected to reach USD 77.30 Million by 2023 at a CAGR of 8.08% during the forecast period from 2018 to 2023.

As the name suggests, over the counter (OTC) drugs are such which can be bought at the pharmacies without a doctor’s prescription. These drugs are taken for common illness like cough, cold and are safe and effective. Acetaminophen, aspirin and ibuprofen are the most common OTC drugs.

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Europe over the Counter Drugs Diagnostics Market: Drivers & Restraints
Due to an all time rising cost of healthcare services, people have started switching to low cost drugs which are therapeutically equivalent. This is a major factor which boosts the market growth. The convenience with which these drugs can be purchased is also a driving factor. Drug substance abuse however poses a problem hindering the growth of the OTC Market.
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Europe OTC drugs Market: Segmentation
By Product type
• Analgesics
• Cough, cold and flu products
• Vitamins and minerals
• Dermatological products
• Gastrointestinal products
• Ophthalmic products
• Sleep aid products
• Weight loss/ Diet products
• Others

By formulation type
• Tablets
• Liquids
• Ointments
• Sprays
By distribution channels
• Pharmacies
• Supermarkets
• Convenience stores
• Others

From simple data collation through secondary and primary research toad-hoc research requests relating to specific information, we provide our services via customization.

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Europe Over The Counter Drugs Market: Overview
More than half of the market share belongs to categories like Analgesics (for pain) , Cough, Cold & Flu, Dermatological and gastrointestinal categories as these are the most common ailments.

Europe Over The Counter Drugs Diagnostics Market: Region-wise Outlook
In the EU, the major contributors to the market are Germany and France. Annual growth for developed nations is decreasing, while for the developing nations like Poland, the growth is stable. Ukraine and Bulgaria are the most rapidly developing markets. The European government is trying to shift the costs to the customers in an attempt to try and save doctor’s and pharmacist’s resource expenditure.

Key Questions Answered
• What is the current and future Europe Over The Counter Drugs Diagnostics market outlook? What trends are affecting the market?
• What is the competitive landscape and market share of major players in the Europe OTC drugs market?
• What are the key market segments that currently occupy the highest market share? Which market segments are growing the fastest?
• What challenges are restraining the growth of the Europe Over The Counter Drugs market? How will emerging technologies answer these challenges?
• What is the market outlook of OTC drugs?
Europe Over The Counter Drugs Market: Key Players
Major players in the market include GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda
Reasons to buy Europe Over The Counter Drugs Market Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of drug type, formulation type, distribution channels along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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