(PharmaNewsWire.Com, October 07, 2017 ) According to the report Middle East and Africa Over the Counter (OTC) Drugs Industry, published by Market Data Forecast, The Industry in Middle-East and Africa has been estimated at USD 14.49 billion in 2016 and is projected to reach USD 20.28 billion by 2021, at a CAGR of 6.96% during the forecast period from 2016 to 2021.
Over the counter (OTC) drugs are the safe and effective drugs, which can be bought at the pharmacies and local stores, over the counter, without doctor’s prescription. These drugs are used for common ailments. Easy accessibility, low cost, convenience, customer-empowering qualities are the benefits of OTC drugs.
The healthcare situation in Africa is bettering up with many foreign collaborators joining the African nations. Along with that, public are also resorting to lower-priced alternatives due to raising costs in healthcare. Due to the low per-capita income in majority of the countries in Africa, the OTC drugs are introduced to people at lower costs, thus, trying to expand the consumer base. These are some of the drivers that shoot up the Industry growth. However, the Industry growth is badly hindered due to the issue of drug substance abuse and lack of awareness in under-developed areas.
Africa is a newly emerging Industry in the field of OTC drugs, as most of the African nations are under-developed. Amongst the developing countries, South Africa is said to be the leading contributor to the African Industry. The major problem prevailing in the African Industry is drug substance abuse. Codeine used in Broncleer cough syrup is banned in South Africa, as it is considered to be the most abused OTC drug.
GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda are the leading companies that contribute to the Industry.
Key Points from Table of Contents Overview • Executive Summary • Key Inferences • New Developments Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) Middle-East and Africa Over the Counter (OTC) Drugs Industry: Segmentation • Product Type o Analgesics o Cough, Cold and Flu Products o Vitamins and Minerals o Dermatological Products o Gastrointestinal Products o Ophthalmic Products o Sleep Aid Products o Weight Loss/Diet Products o Others • By Formulation Type o Tablets o Liquids o Ointments o Sprays • Distribution Channels o Pharmacies o SuperIndustrys/HyperIndustrys o Convenience stores o Others (Online Drug Stores) Geographical Analysis • Middle-East • Africa Strategic Analysis • PESTLE analysis • Porter’s Five analysis Industry Leaders' Analysis Competitive Landscape
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.
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:
