Over-the-counter (OTC) drugs industry analysis research and trends report for 2021- 2027

1. Over the counter (OTC) drugs market trends research and projections for 2021- 2027 • A research study conducted by Global Market Insights, Inc., suggests that over the counter (OTC) drugs market is likely to exceed the $209 billion mark by 2027, in terms of revenue. • As there has been a considerable shift towards self-medication across several developing as well as developed nations, manufacturers are increasingly shifting from Rx to OTC drugs which is projected to bring major impetus to the global Over-the-Counter drugs market over the ensuing years. • Furthermore, with the worldwide outbreak of COVID-19 pandemic, people are laying immense focus on personal health which has fueled the demand for over-the-counter supplements of vitamin and mineral, common flu and cold products, etc. This has positively influenced the business space in recent times. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

2. Based on the product bifurcation, cold, cough and flu segment had registered an appreciable valuation of about USD 31.8 billion in 2020 and is expected to grow exponentially over the coming years. The growth can be attributed to increasing product adoption due to frequent incidences of cold and flu among the global population. • In fact, as per the Centers for Disease Control and Prevention report, millions of cases of common cold are reported almost every year in the U.S. Besides, an increase in the number of patients suffering from seasonal flu from climatic and weather changes is as well fueling the adoption of OTC medicines and drugs. • Moreover, presence of eminent manufacturers who are inclined on expanding their business in the region will complement the market growth further. Quoting an instance, in 2019, the Competition Commission of India had approved the joint venture of two eminent pharmaceutical companies namely Pfizer and GlaxoSmithKline for the distribution of OTC drugs and healthcare supplements across India. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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4. Regional Analysis • Based on regional outlook, OTC drugs industry across Asia Pacific had secured a sizeable revenue share of over 37.7% in 2020 and is anticipated to observe a meritorious growth over the forthcoming years owing to elevating product demand driven by increasing prevalence of seasonal influenza and flu in the region. As per the National Centre for Disease Control (NCDC) statistics, India had recorded total 6701 cases of H1N1 in 2019. • Competitive Analysis • Strategic initiatives by prominent players operating in the industry including Pfizer, Bayer, GlaxoSmithKline, Johnson & Johnson, Takeda, Sanofi, Cipla, etc. are also playing a key role in expanding the market space. Request for Customization @ https://www.gminsights.com/roc/1884 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

5. Latest Research Report On over the counter (OTC) drugs market @ https://www.gminsights.com/industry-analysis/over-the-counter-otc-drugs-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1884 Request for customization: https://www.gminsights.com/roc/1884 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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