APAC OTC Drugs Market Segmented, by Product Type (Cough, Cold and Flu Products, Analgesics, Dermatology Products, Gastrointestinal Products, Vitamins Mineral and Supplements (VMS), Weight-loss/Dietary Products, Ophthalmic Products, Sleeping Aids, and Other Product Types), and by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacy, and Other) - Growth, Trends and Forecast, 2019-2028
- Published Date: 2022-12-26
- Report ID: 138337
- Pages: 200
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Format:
Report Overview
The APAC OTC Drugs Market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 8.3% during the forecast period
Over-the-Counter (OTC)Medicinesmeansdrugs which are legally allowed to be sold by pharmacists without need for a prescription. Technically, drugsareOTCunless they are specifically stated as prescription onlydrugs
Market Drivers
The growth propelling factors of the Asia-Pacific over-the-counter (OTC) drugs market are product innovations, high penetration in emerging countries, like India and China, and the inclination of pharmaceutical companies toward OTC drugs over prescription drugs. This can be attributed to the rapidly growing population and an increase in the disposable income of the population, which may add critical mass to the population available to access OTC medication. Along with new channels of accessibility in the emerging markets in retail outlets, supermarkets are contributing to the growth of the OTC medication market in Asia-Pacific. However, the lack of awareness among the population and incorrect self-diagnosis are expected to hamper the market growth
1. APAC OTC Drugs Market Overview
A. Market Size
2. APAC OTC Drugs Market Growth Drivers and Restraints
A. Growth propelling factors of the Asia-Pacific over-the-counter (OTC) drugs market are product innovations, high penetration in emerging countries
B. Rapidly growing population and an increase in the disposable income of the population
C. New channels of accessibility in the emerging markets in retail outlets, supermarkets
D. The lack of awareness among the population and incorrect self-diagnosis
3. APAC OTC Drugs Market Segmentation
A. By Product Type
I. Cough
II. Cold and Flu Products
III. Analgesics
IV. Dermatology Products
V. Gastrointestinal Products
VI. Vitamins Mineral and Supplements (VMS)
VII. Weight-loss/Dietary Products
VIII. Ophthalmic Products
IX. Sleeping Aids
X. Other Product Types
B. By Distribution Channel
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online Pharmacy
IV. Other
4. APAC OTC Drugs Market Share
A. Market Analysis, Insights and Forecast by Revenue
5. Competitive Landscape
A. Major Players
B. Products in Pipeline
6. Key Company Profiles..
A. Johnson & Johnson, Company overview, Product & Services, Strategies & Financials
B. Sanofi, Company overview, Product & Services, Strategies & Financials
C. GlaxoSmithKline Plc, Company overview, Product & Services, Strategies & Financials
7. Healthcare Policies and Regulatory Landscape.
A. Policy Changes and Reimbursement Scenario
8. Factors Driving Market Growth
A. Key Industry Developments
B. Mergers and Acquisitions
9. Potential Growth Opportunities
A. Market Opportunities
B. Future Trends
10. Conclusion
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