The latest report on “OTC Consumer Health Products Market (Indications – Skin Care Products, Nutritional Supplements, Oral Care Products, Wound Care Management Products, Gastrointestinal Products, and Other Indications; Distribution Channel – Hospital Pharmacy, Independent Pharmacies and Retail Stores, Hypermarkets and Supermarkets, Online Sales, and Other Distribution Channels): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”
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The OTC consumer healthcare products sector represents a highly dynamic scenario for growth and innovation, with consumer demand constantly growing towards products pursuing different health needs, and the desire for efficient offerings with smart technology. OTC consumer health products include OTC pharmaceutical products and nutritional supplements and sports nutrition products, among others. Several top players are focusing on implementing a slew of inorganic growth strategies in order to consolidate their position in the global market. In addition, these players are increasingly making tie-ups with local players in several parts of emerging economies, with an aim to gain a better foothold over the global market.
The rising population coupled with increasing awareness regarding lifestyle diseases amongst the population is the major driving factor of the OTC consumer health products market. The demand for OTC consumer health products is increasing owing to the rising penetration of lifestyle diseases due to poor lifestyle choices. Furthermore, factors such as high demand for self-medication, increasing healthcare costs, growing geriatric population, deterioration in mental health, and shift from medication prescription to OTC products are other driving factors of the market growth.
However, the presence of fake medicines and other consumer health products hampers the growth of the OTC consumer health products market. Moreover, enhanced use of online sources, along with the increasing demand for branded products, private labels, and OTC generics are anticipated to provide lucrative growth opportunities to the market players.
North America Dominates the Global OTC Consumer Health Products Market
Geographically, North America dominates the global OTC consumer health products market due to the high disposable income of the consumers and high expenditure on health care products. Additionally, the U.S. is the largest market of OTC consumer health products in the North America region. Europe is the second-largest market of OTC consumer health products owing to growing awareness regarding lifestyle diseases in this region.
The report on the global OTC consumer health products market covers segments such as indications and distribution channels. On the basis of indications, the sub-markets include skincare products, nutritional supplements, oral care products, wound care management products, gastrointestinal products, and other indications. On the basis of the distribution channels, the sub-markets include hospital pharmacy, independent pharmacies, and retail stores, hypermarkets and supermarkets, online sales, and other distribution channels.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/consumer-goods-packaging/global-otc-consumer-health-products-market
The report provides profiles of the companies in the market such as Bayer AG, Sanofi S.A., Glenmark Pharmaceuticals Ltd., American Health, Piramal Enterprises Ltd., Johnson & Johnson, Pfizer, Inc., GlaxoSmithKline plc, Abbott Laboratories, Sun Pharmaceuticals Ltd., and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the OTC consumer health products.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.