DUBLIN--(BUSINESS WIRE)--The "Over the Counter, and Distribution Channel [Pharmacies, Grocery Stores, Vitamin and Health Food Stores, Online Pharmacies, and Others] - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global over the counter (OTC) drugs & dietary supplements market was valued at $223 billion in 2016, and is expected to reach at $335 billion by 2023, registering a CAGR of 5.9% from 2017 to 2023.
Over the counter (OTC) drugs are non-prescription medicines, which are sold directly to consumers without any prescription from doctors and other healthcare professionals. The OTC drugs are regulated by governmental bodies to ensure that the ingredients used are safe and effective for use without a physician's supervision. These drugs are regulated by active pharmaceutical ingredients (APIs) not final product. Dietary supplements are intended to provide nutrients to increase the quantity of consumption or provide non-nutrient chemicals that have biologically beneficial effects to users.
The global over the counter (OTC) drugs & dietary supplements market is driven by improvement in lifestyle & ageing of baby boomers, rise in consumer awareness related to preventative healthcare, and proliferation of distribution channels. In addition, increase in trend of self-directed consumers and self-medication for the treatment of primary health conditions have fueled the market growth. However, stringent regulations by FDA and other governing bodies related to the safety & efficacy of OTC medications have delayed the approval restricting the market growth.
- Pfizer Inc.
- Novartis International AG.
- Roche Holding AG
- Merck & Co., Inc.
- Sanofi S.A
- Johnson & Johnson
- Gilead Sciences
- GlaxoSmithKline plc.
- Bayer Healthcare AG
- AstraZeneca plc.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Over The Counter (OTC) Drugs And Dietary Supplements Market, By Categories
Chapter 5 Over The Counter (OTC) Drugs And Dietary Supplements Market, By Dosage Forms
Chapter 6 Over The Counter (OTC) Drugs And Dietary Supplements Market, By Product Type
Chapter 7 Over The Counter (OTC) Drugs And Dietary Supplements Market, By Distribution Channel
Chapter 8 Over The Counter (OTC) Drugs And Dietary Supplements Market, By Geography
Chapter 9 Company Profile
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