Increased awareness of general health issues and growth-friendly regulatory framework
DUBLIN, August 4, 2022 /PRNewswire/ — The report “Global Over-the-Counter Drugs Market (2022-2027) by Drug Type, Distribution Channel, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.
The global over-the-counter drug market is estimated at $425.3 billion in 2022 and should reach $646.61 billion by 2027 at a CAGR of 8.74%.
Market segmentationThe global over-the-counter drug market is segmented on the basis of drug type, distribution channel, and geography.
By drug type, the market is categorized into analgesics, cough, cold and flu products, dermatology products, gastrointestinal products, ophthalmic products, vitamins, minerals and supplements (VMS) and weight loss/diet products .
By distribution channel, the market is categorized into hospital pharmacies, online stores, and retail pharmacies.
By geography, the market is categorized into Americas, Europe, Middle East & Africa and Asia Pacific.
The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc
The report presents a detailed analysis of the Ansoff matrix for the global over-the-counter drugs market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is also used for risk analysis to understand the risk associated with each approach. The analyst analyzes the use of the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.
A cost-effective way to treat minor health issues
Reduced Physician Burden
Favorable regulatory framework
Increase awareness of general health issues
Increased accessibility through retail outlets and supermarkets
Increase R&D spending and public and private sector funding
Increase in the conversion of prescription drugs to over-the-counter drugs
Main topics covered:
1 Description of the report
2 Research methodology
3 Executive Summary
4 Market dynamics
5 Market Analysis
6 Global OTC Drug Market, By Drug Type
7 Global OTC Drug Market, By Distribution Channel
8 Americas OTC Drug Market
9 Europe Over-the-counter drug market
ten Middle East and africa Over-the-counter drug market
11 APAC OTC Drug Market
12 Competitive Landscape
13 company profiles
For more information about this report visit https://www.researchandmarkets.com/r/k6xt5h
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SOURCE Research and Markets