North America Over The Counter (OTC) Drugs Market

North America Over The Counter (OTC) Drugs Market Size Worth $73,800.7 Million by 2022| CAGR:
The OTC drugs market in North America has been estimated at USD 47,280.2 Million in 2016 and is
projected to reach USD 73,800.7 Million by 2022, at a CAGR of 7.70% during the forecast period from
2016 to 2022.Over the counter (OTC) Drugs are the powerful and secure pills, which may be bought on
the pharmacies and neighborhood stores, with out physician’s prescription. Acetaminophen, aspirin and
ibuprofen are the most commonplace OTC drugs in North America.
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Easy accessibility and convenience are the main pluses of OTC capsules. With the increasing number of
chemists and pharma dispensaries, the drugs are readily to be had and at low expenses.In North
America, with the begin of a pro-active approach in the direction of the illnesses, there is a cultural shift
in public closer to self-reliance. This is riding the marketplace with a wide expansion of purchaser base.
The issue of drug substance abuse is the principle constraint this is generic within the North American
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The North American market is segmented based totally on product and geographically. The product
marketplace essentially caters drugs in the categories like analgesics, cough, bloodless and flu
merchandise, dermatological merchandise, gastrointestinal merchandise, vitamins, minerals, weight loss
merchandise, sleep aids, ophthalmic products, smoking cession aids and other products. Majority of the
marketplace proportion belongs to categories like Analgesics, Cough, Cold & Flu, Dermatological and
gastrointestinal classes.
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North American market is geographically segmented in USA and Canada. USA is the biggest market for
OTC capsules in the North American place. It bills for greater than eighty% of the marketplace on this
vicinity. Although the marketplace proportion is high within the North American vicinity, it's far
forecasted to witness a saturation in the market due to the domination of common remedy prescription.
GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda and are the pinnacle
agencies that contribute to North American OTC capsules market. The maximum marketplace
percentage is possessed by means of GlaxoSmithKline, Johnson and Johnson, Novartis and Sanofi.
Scope of the Report:
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in
effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategical activities of
the market players delineating the key developments like mergers & acquisitions, collaborations
and an evaluation of the competitive environment within the industry are provided. The report
also offers a broad outlook of the market along with recommendations from industry experts on
the opportunities for investment activity.
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OTC drugs market in North America has been estimated at USD 47,280.2 Million in 2016 and is projected to reach USD 73,800.7 Million by 2022, at a CAGR of 7.70% during the forecast period from 2016 to 2022.