Global OTC Consumer Health Products Market : Key Players, Growth, Analysis 2019 to 2025
OTC Consumer Health Products Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of otc consumer health products market by by indications (skin care, nutritional supplements, oral care, wound care management, gastrointestinal products), distribution channel (hospital pharmacy, independent pharmacies and retail stores, online sales) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the otc consumer health products market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global otc consumer health products market are Bayer AG, Sanofi S.A., Glenmark Pharmaceuticals Ltd., American Health, Piramal Enterprises Ltd., Johnson & Johnson, Pfizer, Inc., GlaxosmithKline plc, Abbott Laboratories, Sun Pharmaceuticals Ltd., and other companies.
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Rising Population Coupled with Increasing Awareness Regarding Lifestyle Diseases Amongst the Population is the Major Driving Factor of the OTC Consumer Health Products Market
The rising population coupled with increasing awareness regarding lifestyle diseases amongst the population is the major driving factor of the OTC consumer health products market. The demand for OTC consumer health products is increasing owing to the rising penetration of lifestyle diseases due to poor lifestyle choices. Furthermore, factors such as high demand for self-medication, increasing healthcare costs, growing geriatric population, deterioration in mental health, and shift from medication prescription to OTC products are other driving factors of the market growth.
However, the presence of fake medicines and other consumer health products hampers the growth of the OTC consumer health products market. Moreover, enhanced use of online sources, along with the increasing demand for branded products, private labels, and OTC generics are anticipated to provide lucrative growth opportunities to the market players.
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The U.S. is the Largest Market of OTC Consumer Health Products in the North America Region
Geographically, North America dominates the global OTC consumer health products market due to the high disposable income of the consumers and high expenditure on health care products. Additionally, the U.S. is the largest market of OTC consumer health products in the North America region. Europe is the second-largest market of OTC consumer health products owing to growing awareness regarding lifestyle diseases in this region.
OTC Consumer Health Products Market: Segmentation
The report on the global OTC consumer health products market covers segments such as indications, and distribution channel. On the basis of indications, the sub-markets include skin care products, nutritional supplements, oral care products, wound care management products, gastrointestinal products, and other indications. On the basis of distribution channel, the sub-markets include hospital pharmacy, independent pharmacies, and retail stores, hypermarkets and supermarkets, online sales, and other distribution channels.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the otc consumer health products.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.