Pharmacetical Newswire

Pharmaceutical News!

Press release distribution service
Pharmaceutical Links

Pharmanewswire.Com: Pharmaceutical News

DataM Intelligence Releases New Report on OTC Consumer Health Products Market 2021-2028

(PharmaNewsWire.Com, November 01, 2021 )



Market Overview

OTC medications include analgesics such as paracetamol and ibuprofen and cough, cold, and flu medications. Consumer health products are those that are sold directly to customers. Unlike prescription drugs, consumer health products do not require the supervision of a health care practitioner.



View full report: https://bit.ly/3BAhskt



Market Dynamics

Increasing usage of OTC medicines is one of the factors driving the global OTC consumer health products market.



Increasing usage of OTC medicines is expected to drive the market growth



As more prescription allergy medications have been converted to OTC, there has been a clear shift toward these more convenient and cost-effective alternatives. The number of allergy sufferers who use over-the-counter medications has increased.



OTC drugs are fundamentally similar to daily consumables such as food and cosmetics in that consumers choose what they want and purchase the products at retail stores or online. As a result, in the OTC drugs business, in addition to the core requirements of drug efficacy, safety, and reliability, the brand value of a product and the retailer's sales capabilities are important.



According to research, 81 percent of adults use over-the-counter (OTC) medications as their first line of defense against minor ailments. The availability of over-the-counter (OTC) medicines sold without a prescription provides symptomatic relief to an estimated 60 million people who would not otherwise seek treatment.



Due to increasing usage, the demand for OTC medicines is expected to increase. For example, in 2018, the UK pharmaceutical giant GlaxoSmithKline (GSK) paid US$13 billion for a 36.5 percent equity stake in an OTC joint venture from Novartis. Then, at the end of the same year, GSK formed a joint venture with Pfizer's consumer healthcare business (OTC drugs, vitamins, and so on) to spin off an OTC business, naming the new company GSK Consumer Healthcare.



For example, In January 2019, medical insurance giant Anthem launched a partnership program with Walmart for policyholders of Medicare Advantage Plans, a type of insurance for the elderly, to improve access to OTC drugs. The plan covers over-the-counter (OTC) drugs purchased by senior citizens at Walmart.



Download free sample: https://bit.ly/2ZF8iGE



Market Segmentation

Global OTC Consumer Health Products Market - By Type

• OTC Pharmaceutical Products

• Oral Healthcare

• Vitamins & Dietary Supplements

• Skincare Products

• Eye health Products

• Other

Global OTC Consumer Health Products Market - By Distribution Channel

• Online Stores

• Offline Stores

• Other

Global OTC Consumer Health Products Market - By Region

• North America

• Europe

• South America

• Asia Pacific

• Middle East and Africa



Competitive Landscape

The global OTC consumer health products market is highly competitive. With company product line expansions, partnerships and product launches. Some of the key players in the global OTC consumer health products market are Unilever Company, Sanofi Pharmaceuticals Company, Johnson & Johnson Consumer Inc., Bayer Pharmaceutical Company, Colgate Palmolive, Abbott Laboratories., Cipla Health, GlaxoSmithKline Pharmaceuticals Company, Reckitt Benckiser and sun pharma industries ltd.



Trending Topic's, Collagen & Gelatin for Regenerative Medicine Market, sports medicine market, Drug Discovery Services Market, Genital Dysfunction Drugs Market, Chronic Kidney Disease Drugs Market

DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

Source: EmailWire.com


Pharmaceutical Sponsors

Free Biotech & Pharmaceutical Magazines

Pharmacy Newswire Video Feed

Pharmaceutical & Biotech Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:

IronPort Provides Email Management and Analysis for a Premier Health Care Solutions Provider
Pharmaceutical & Medical Packaging News
Medical Laboratory Observer

No credit cards, coupons, or promo codes required. Try it today!

Pharmanewswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com, or contact us.
Copyright 2009 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
Pharmanewswire.com ™ - Pharmaceutical Newswire and Press Release service of GroupWeb Media LLC