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OTC Analgesics Market Segmentation, Industry Size & Share, Comprehensive Analysis to 2022

January 10, 2020 by Amanpreet  

The global OTC analgesics market is projected to register an above-average CAGR during 2017 to 2022. Global sales of OTC analgesics is estimated to account for nearly US$ 25,000 Mn revenues by 2022-end.

The trend of using off-label drugs that are affordable and unapproved, but effective in treating diseases, has been witnessing an upsurge over the past few years. Various off-label drugs including tricyclic antidepressants, antihistamines, anticonvulsants, selective serotonin reuptake inhibitors, anti-anxiety drugs, and steroids are being increasingly utilized for managing symptoms of pain. Symptom management associated with pain has now become convenient and easy, owing to widely available OTC analgesics, which are prescribed with approved drugs, implied as maintenance therapies.

High potential has been observed for the market growth of OTC analgesics around the world, wherein demand as well as sales of pain medication including pain relievers, and pain killers, are gaining higher popularity among consumers. In addition, demand for the non-narcotic pain medications has been rising significantly, owing to ill effects of consuming narcotic drugs. These factors are expected to influence growth of the global market for OTC analgesics in the upcoming years. Topical analgesic distributors as well as manufacturers are concentrating on enhancing their product portfolio, with an aim to benefit from potential growth opportunities in developing as well as developed markets.

The aforementioned factors will augment the growth of global OTC analgesics market. Usually, OTC analgesic drugs are bought in large quantities, as these drugs are used for relieving different types of pain. Emergence of healthcare reforms, coupled with favorable regulatory norms across the globe, have been encouraging the uptake and initiations of various pain management programs, with an aim to lower the entire healthcare costs. These instances are estimated to pave ways for development of effective OTC analgesics.

The OTC analgesics market report highlights the following players:

  • Sanofi-Aventis
  • Allergen
  • Bristol-Myers Squib Co
  • Merck & Co.
  • Procter & Gamble Co.
  • Prestige Brands Holdings, Inc.
  • Pfizer Inc.
  • Sun Pharmaceutical Industries Ltd.
  • AstraZaneca Plc.
  • Novartis AG
  • GlaxoSmithKline Plc.
  • Johnson & Johnson Service, Inc.
  • Reckitt Benckiser Group Plc.

The OTC analgesics market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

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Important regions covered in the OTC analgesics market report include:

  • MEA (South Africa, Nigeria)
  • APEJ (China, India)
  • Europe (U.K., France)
  • North America (U.S., Canada)

The OTC analgesics market report takes into consideration the following segments by product form:

  • Liquid
  • Capsule
  • Tablet

The OTC analgesics market report contain the following OTC Channel:

  • Pharmacy
  • Drug Store
  • Modern Trade
  • Online Store

The OTC analgesics market report offers a plethora of insights which include:

  • Changing consumption pattern among individuals globally.
  • Historical and future progress of the global OTC analgesics market.
  • Region-wise and country-wise segmentation of the OTC analgesics market to understand the revenue, and growth lookout in these areas.
  • Accurate Year-on-Year growth of the global OTC analgesics market.
  • Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global OTC analgesics market.

The OTC analgesics market report answers important questions which include:

  • Which regulatory authorities have granted approval to the application of OTC analgesics market in healthcare industry?
  • How will the global OTC analgesics market grow over the forecast period?
  • Which end use industry is set to become the leading consumer of OTC analgesics market by 2022?
  • What manufacturing techniques are involved in the production of the OTC analgesics market?
  • Which regions are the OTC analgesics market players targeting to channelize their production portfolio?

The OTC analgesics market report considers the following years to predict the market growth:

  • Historic Year: 2012-2016
  • Base Year: 2012
  • Estimated Year: 2022
  • Forecast Year: 2017 – 2022

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