The Otc Drugs Market Share, Growth, Opportunity and Outlook to 2020

The OTC Drugs Market Size, Share, Analysis, Forecast,

Industry Strategy, Opportunity, Trends, Insights, Growth,

Price, Research Survey, Segment, Outlook and Challenges

Report To 2020

OTC drugs market is expected to earn more than USD 160 billion by 2020.

OTC drugs are drugs that have been found to be safe and appropriate for use without the

supervision of a health care professional such as a physician, and they can be purchased by

consumers without a prescription.

The OTC drugs market remains highly competitive and fragmented albeit leading companies

continue to consolidate their market position through high-profile and strategic acquisitions.

M&A to remain very active in the coming years fuelled by strategic long-term commercial

priorities, as companies look to increase revenues through expanded OTC portfolios. A positive

regulatory outlook in key markets, due to new initiatives and frameworks looking to facilitate

OTC approvals, will also prompt companies to seek access to new markets. The global OTC

drugs market will continue to be largely driven by demographics, economic trends and changes

in cultural attitudes towards self-medication. An increasing interest in self-medication in both

developed and developing countries has been identified as a major contributor to market growth

in recent years.

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Relaxed regulations regarding their sales as well as supportive government initiatives will aid

market growth. Increasing costs of healthcare as well as the development of retail pharmacy

stores will positively impact the market demand over the forecast period (2016-2020). Switch

from Rx to OTC is a strategic move by companies to counter the patent expiration of their drug

formulas.

The worldwide market is segmented by types, route of administration, and regions. Types

comprise of...