The Infinium Global Research analyzes the OTC Consumer Health Products Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global otc consumer health products market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of otc consumer health products. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the otc consumer health products market during the period.
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Increasing Disposable Income of the Consumers and Growing Population are Primary Growth Factors of the OTC Consumer Health Products Market
Increasing disposable income of the consumers and growing population are primary growth factors of the OTC consumer health products market. Further, factors such as rising penetration of lifestyle diseases, increasing geriatric population, and high demand for self-meditation are also driving the market growth. Increasing awareness regarding lifestyle diseases amongst the population is fueling the growth of the OTC consumer health products market.
However, adverse effects of supplements when taken without any physician’s guidance 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.
Segments Make up the OTC Consumer Health Products Industry
The global OTC consumer health products market is segmented on the basis of indication and distribution channel. On the basis of indication, the market is segmented into skincare products, nutritional supplements, oral care products, wound care management products, gastrointestinal products, and other indications. The nutritional supplements segment holds a large market share due to rising awareness among consumers regarding fitness and prevalence of lifestyle disorders. Based on the distribution channel, the sub-markets include hospital pharmacy, independent pharmacies, and retail stores, hypermarkets and supermarkets, online sales, and other distribution channels.
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North America Holds the Largest Market Share of the Global OTC Consumer Health Products Market
Among the regions, North America holds the largest market share of the global OTC consumer health products market followed by Europe. The high disposable income of the consumers and high expenditure on health care products are driving the growth of the market in the North America region. Growing awareness regarding lifestyle diseases is driving market growth in the Europe region.
Major Key Players of the OTC Consumer Health Products Industry
Some of the industry participants of the global OTC consumer health products market are Bayer AG, Sanofi S.A., Glenmark Pharmaceuticals Ltd., American Health, Piramal Enterprises Ltd., Johnson & Johnson, Pfizer, Inc., GlaxoSmithKline Plc, Abbott Laboratories, and Sun Pharmaceuticals Ltd. among the others.
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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.