Report Explores the Global Consumer Healthcare Market Size, Demand, Growth, Analysis and Forecast to 2025
Consumer Healthcare Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of consumer healthcare market by product (OTC pharmaceuticals, and dietary supplements), distribution network (departmental stores, independent retailers, pharmacies or drugstores, and specialist retailers, and supermarkets or hypermarkets) 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 consumer healthcare 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 consumer healthcare market are Johnson & Johnson, Pfizer Inc., Boehringer Ingelheim GmbH, Abbott Laboratories, Sanofi, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Amway, BASF SE, and Bayer AG.. The global consumer healthcare market is projected to grow at a CAGR of 9.0% over the forecast period of 2019-2025.
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Consumer Healthcare Market: Drivers, Restrain and Opportunities
The global consumer healthcare market is primarily driven by increasing healthcare costs, large demand for self-medication, the growing geriatric population which is more susceptible to contracting diseases, shift from medication prescription to OTC products, and deterioration in mental health. Moreover, the rise in disposable income and the approval of preventive & wellness medicine is expected to fuel the market growth in the near future. However, the presence of counterfeit pharmaceuticals and stringent regulations of governmental for healthcare industry expected to hinder the demand for the global consumer healthcare market. Nonetheless, the growing demand for branded products, along with accelerated & development use of online sources, OTC generics, and private labels are anticipated to create a new opportunity for the global consumer healthcare market.
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Asia-Pacific is Expected to Exhibit Rapid Growth of Consumer Healthcare Market
On the basis of region, the global consumer healthcare market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific is expected to exhibit rapid growth owing to the cheap labor and lower cost of manufacturing, less regulatory complications, with a large number of GMP (good manufacturing practice) facilities. North America held the largest revenue share for the global consumer healthcare market in 2018 owing Major consumer products, CRAMS organizations, pharmaceutical, health insurance companies, medical device, and manufacturing companies are located in the region followed by Europe. The ECHA (European Chemicals Agency) EC (European Commissions) the chemical regulation body is mainly focused on evaluation and testing of chemicals and entities under REACH, to assess the effect on people of these substances and aims to update and fill the gaps in dossiers to enhance data quality.
Consumer Healthcare Market: Segmentation
The report on global consumer healthcare market covers segments such as product, and distribution network. On the basis of product, the sub-markets include OTC pharmaceuticals, and dietary supplements. On the basis of the distribution network, the sub-markets include departmental stores, independent retailers, pharmacies or drugstores, specialist retailers, and supermarkets or hypermarkets.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the consumer healthcare.
=> 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.