OTC Drugs/Dietary Supplements Market Higher Mortality Rates by 2025

1. OTC Drugs & Dietary Supplements Market to Expand in Size by Highest Revenue up to 2026, Claims AMR Over the Counter (OTC) Drugs & Dietary Supplements Market by Category (Vitamin and Dietary Supplements, Cough & Cold Products, Analgesics, Gastrointestinal Products, Sleep Aids, Otic Products, Wart Removers, Mouth Care Products, Ophthalmic Products, Botanicals, Antacids, Smoking Cessation Products, Feminine Care, and Others), Dosage Form (Tablets, Hard Capsules, Powders, Ointments, Soft Capsules, Liquids, and Others), Product (Branded, and Generic Drugs), and Distribution Channel [Pharmacies, Grocery Stores, Vitamin and Health Food Stores, Online Pharmacies, and Others] - Global Opportunity Analysis and Industry Forecast, 2018-2026

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3. Overview According to a new report published by Allied Market Research, titled, Over the Counter (OTC) Drugs & Dietary Supplements Market by Category, Dosage Form, Product, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global over the counter (OTC) drugs & dietary supplements market was valued at $223 million in 2016, and is projected to reach $335 million by 2023, growing at a CAGR of 5.9% from 2017 to 2023. The vitamins and dietary supplements (VDS) segment accounted for maximum share of about half the global market share in 2016. The global market is driven by improvement in lifestyle & ageing of baby boomers, rise in awareness about general health concerns, and increase in trend among individuals to opt for OTC drugs for self-medication. 

4. Segments In terms of revenue, the global surgical robotics marketis segmented on the basis of Category, Dosage Form, Product, Distribution Channel End User. By Product -The cough & cold products segment is expected to grow at a robust CAGR of 6.1% from 2017 to 2023, owing to blockbuster sales of these drugs. As cold & cough is the most commonly acquired ailment among all age groups across the globe, the sales of OTC drugs has increased in the recent years. Gastrointestinal products are the attractive segment due to increased OTC drug sales for treating gastrointestinal disorders such as diarrhea, constipation, indigestion, bouts of vomiting among others. The tablets segment generated the highest revenue in 2016, accounting for about two-ninths share of the global market, and is expected to maintain this trend during the forecast period. This is due to high prevalence of diseases coupled with the advantages of consuming tablets and provision of accurate dosage level for different patient type.

5. Geography North America dominated the Over the Counter (OTC) Drugs & Dietary Supplements Market. The market growth in North America is primarily a reflection of product innovations and launches resulting from technological advancements. The companies mostly adopted product launch, acquisition, and expansion as their key strategies to keep pace with the changing demands of consumers and strengthen their market position.

6. Key Market Players • The key players operating in the global Over the Counter (OTC) Drugs & Dietary Supplements Marketare • Pfizer Inc., • Novartis International AG., • Roche Holding AG, • Merck & Co., Inc., • SanofiS.A, • Johnson & Johnson, • Gilead Sciences, • GlaxoSmithKline plc., • Bayer Healthcare AG, • AstraZeneca plc. • The other players in the value chain of the global market include Allergan, Plc., Reckitt Benckiser Plc., AbbVie Inc., Sun Pharma, Daiichi Sankyo Co., Ltd., Alcon Inc., AlfresaPharma Corporation, Alkalon A/S, Alliance Healthcare, and Allergan, Plc.

7. An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans. A comprehensive analysis of factors that drive and restrain the growth of the global is provided. The projections in this report are made by analyzing the current trends and future market potential from 2021 to 2030, in terms of value. Key Findings of the Over the Counter (OTC) Drugs & Dietary Supplements Market: Find out more at the Allied Market Report store https://www.alliedmarketresearch.com/over-the-counter-OTC-drugs-and-dietary-supplements-market

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