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Category: Business and Industry
Date Submitted: 09/15/2016 10:38 PM
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.
To know more about this report, Click here:
https://marketreportscenter.com/reports/77787/the-otc-drugs-market-commercial-trendsand-rx-to-otc-switch-prospects
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...