A recently published report by Fact.MR opines that the global OTC analgesics market will record a revenue of over US$ 20,000 Mn through 2022. A number of factors including the rising demand and sales success of pain relievers and pain killers are expected to drive the market growth.
Increasing demand to cure the patients on narcotic drugs in the healthcare sector, is a strong determinant for the OTC analgesics market growth. Rapid adoption of off-label medicines such as tricyclic antidepressants, anticonvulsants, antihistamines, selective serotonin reuptake inhibitors, steroids, and anti-anxiety drugs among consumers, have further fueled the demand for the OTC analgesics market.
With distributors and manufacturers shifting their focus towards improving the product portfolio in the developed and developing economies, lucrative opportunity for growth of this OTC analgesics market at a global level has been envisaged. North America is anticipated to maintain its dominance over global OTC analgesics market, owing to the reformations in the healthcare industry and several pain relieving programs. With the advent of digital sales and distribution medium, the revenue share of global OTC analgesics market is projected to expand at an impressive rate.
OTC Analgesics Market: Crux of the Report
This descriptive study commences with a comprehensive executive summary of the OTC analgesics market. This in-depth report lends a holistic outlook on the important market definitions and market dynamics that aids the stakeholders of the market acquire an in-depth understanding on the overall market scenario. Apart from a descriptive assessment on the key demand drivers, this comprehensive report comprises of latest trends, recent developments, restraints, challenges, threats, and opportunities, which has a strong influence on growth of OTC analgesics market.
The brief study offer a decisive view on several macroeconomic and microeconomic factors that affects the market growth. This all-encompassing study has been forecasted for the period 2017 – 2022. Market evaluation has been in revenue (US$ Mn).
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This elaborative study offers an insight-rich outlook on the average pricing analysis and supply chain analysis. Market attractiveness has been analyzed and included in this report that offers a brief outlook on the OTC analgesics market. A descriptive taxonomy of this market at the global level has been analyzed and included in the report, depending on the OTC channel, product form, and region.
Geographical Segmentation and Competitive Dynamics for the OTC Analgesics Market
The regions analyzed in the report encapsulates North America, Western Europe, South East Asia and Pacific, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). A descriptive analysis for each of these geographies have been included in the report to briefly explain the dynamics of the OTC analgesics market.
Leading companies in the OTC analgesics market includes Johnson and Johnson Service, Inc., GlaxoSmithKline Plc., Reckitt Benckiser Group Plc., Novartis AG, Sun Pharmaceuticals Industries Limited, Pfizer Inc., and AstraZeneca Plc. A descriptive competitor dynamics comprising of pricing analysis, market share, financials, market size, and business strategies for each of these competitors have been incorporated in this report.
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Global OTC Analgesics Market: Pharmacy to Remain the Most Lucrative Channel
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