(MENAFN- Ameliorate Solutions) Posted on October 8, 2021 by Market Insights Reports Over the Counter (OTC) Drugs & Dietary Supplements Market 2021 -2027 SWOT Analysis including key players | Pfizer Inc., Novartis International AG, Roche Holding AG, Merck & Co., Inc
Global Over the Counter (OTC) Drugs & Dietary Supplements Market Research Report 2021
The Over the Counter (OTC) Drugs & Dietary Supplements Market report 2021-2027 contains a detailed analysis of the current market status, market player, region, type, and application. The report provides an in-depth assessment of growth factors, market definition, manufacturers, market potential, and influencing trends to understand future demand and outlook for the global industry. This study provides information on the Over the Counter (OTC) Drugs & Dietary Supplements market size, company share, sales volume, and revenue during the historical and forecast period of 2027.
The research report covers key players in the industry, CAGR value, market drivers, restraints, and competitive strategies worldwide from the region. This report also includes a thorough examination of the Over the Counter (OTC) Drugs & Dietary Supplements market, including all of the factors that influence market growth, as well as Porter's Five Forces and SWOT analyses .
The Analysts forecast the global Over the Counter (OTC) Drugs & Dietary Supplements market to grow at a CAGR of 9.78 % during the period 2021-2027.
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Some of the Prominent Companies in this Over the Counter (OTC) Drugs & Dietary Supplements market are:
Pfizer Inc., Novartis International AG, Roche Holding AG, Merck & Co., Inc., Sanofi S.A, Johnson & Johnson, Gilead Sciences, GlaxoSmithKline plc., Bayer Healthcare AG, AstraZeneca plc., Alacer Corp., Alcon Inc., Alfresa Pharma Corporation, Alkalon A/S, Alliance Healthcare, Allergan, Plc., Reckitt Benckiser Plc., Bausch & Lomb, AbbVie Inc., The Colgate-Palmolive Company
INDUSTRY NEWS
Pfizer has acquired 41 companies, including 12 in the last 5 years. A total of 12 acquisitions came from private equity firms . It has also divested 16 assets.
Pfizer's largest acquisition to date was in 2000 , when it acquired Warner-Lambert Company for $90.2B . It's largest disclosed sale occurred in 2006 , when it sold Pfizer Consumer Healthcare to Johnson & Johnson for $16.6B . Pfizer has acquired in 11 different US states, and 8 countries. The Company's most targeted sectors include life science (90%) and consumer products (6%) .
The Over the Counter (OTC) Drugs & Dietary Supplements market size, market characteristics, and market growth of the industry are detailed in this study, which is divided into types, applications, and consumption areas. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.
MARKET SEGMENTATION
Over the Counter (OTC) Drugs & Dietary Supplements Market, by Type
- Pharmacies
- Grocery Stores
- Vitamin
- Health Food Stores
- Online Pharmacies
Over the Counter (OTC) Drugs & Dietary Supplements Market, by Application
- Analgesic & pain relievers
- Dermatological products
- Cough, cold, and flu products
- Vitamin supplements
- Mineral Supplements
- Ophthalmic Products
Over the Counter (OTC) Drugs & Dietary Supplements Market, by Region
Global Over the Counter (OTC) Drugs & Dietary Supplements Market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
REGIONAL ANALYSIS
North America is Expected to Dominate the Market in the Forecast Period
North America currently dominates the market for over the counter drugs and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the leading trend among pharmaceutical companies to switch from Rx to OTC drugs. Report of the National Institute of Health has stated that 93% of adults in the United States prefer to treat their minor ailments with OTC medicines before seeking professional care, and 85% of parents in the United States prefer to treat their children’s minor ailments with an OTC medicine before seeking professional care. This is resulting in the formation of the bigger market.
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Goals and objectives of the study
- Identify major market trends, developments, opportunities, and influencing factors in the worldwide Over the Counter (OTC) Drugs & Dietary Supplements market and its sub-segments.
- For the global Over the Counter (OTC) Drugs & Dietary Supplements market, identify and analyse main industry categories and their corresponding frameworks.
- Estimate the global size of the Over the Counter (OTC) Drugs & Dietary Supplements market and analyse it by type, application, and region.
- Identify key players and analyse the business environment based on recent events and revenue segments.
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The report can answer the following questions:
North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Global Over the Counter (OTC) Drugs & Dietary Supplements industry.
Global major Innovation and developments operating situation (sales, revenue, growth rate and gross margin) of Global Over the Counter (OTC) Drugs & Dietary Supplements industry.
Different types and applications of Global Over the Counter (OTC) Drugs & Dietary Supplements industry, market share of each type and application by revenue.
Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Over the Counter (OTC) Drugs & Dietary Supplements industry.
PEST analysis of Global Over the Counter (OTC) Drugs & Dietary Supplements industry
SWOT analysis of Global Over the Counter (OTC) Drugs & Dietary Supplements industry.
Global Over the Counter (OTC) Drugs & Dietary Supplements Industry New Project Investment Feasibility Analysis.
Covid-19 Scenario:
– Business and manufacturing units across various countries happened to suffer during the initial phase of the lockdown due to the outbreak of the pandemic. Suspended facilities and disrupted supple chains were the major factors that affected the market growth during this phase.
– However, most of the regions have either recovered or are recovering along with the mandatory precautionary measures to curb the spread. Also, vaccination drives across the region are now pacing up which is further assisting the industry growth.
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