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Middle-East And Africa Over The Counter (OTC) Drugs Market

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OTC drugs market in Middle East and Africa has been estimated at USD 4,448.4 Million in 2016 and is projected to reach USD 6,689.7 Million by 2022, at a CAGR of 6.88% during the forecast period from 2016 to 2022
Middle-East And Africa Over The Counter (OTC) Drugs Market Size Worth $6,689.7 million by 2021|
CAGR: 6.88%
Over the counter(OTC) capsules are the safe and effective pills, which can be sold at the pharmacies and
neighborhood shops, over-the-counter, with out health practitioner’s prescription. These tablets are
used for commonplace ailments. Easy accessibility, low value, convenience, consumer-empowering
characteristics are the advantages of OTC drugs.
The healthcare state of affairs in Africa is making improvements to up with many overseas collaborators
becoming a member of the African international locations. Along with that, public are also resorting to
lower-priced options due to elevating expenses in healthcare. Due to the low according to-capita
income in majority of the nations in Africa, the OTC capsules are added to people at decrease charges,
consequently, looking to extend the purchaser base. These are a number of the drivers that shoot up
the market boom. However, the market growth is improperly hindered due to the issue of drug
substance abuse and lack of knowledge in below-developed areas.
The African market is segmented based on product and geographically. The product market basically
caters medicines inside the classes like analgesics, cough, cold and flu products, dermatological
merchandise, gastrointestinal merchandise, vitamins, minerals, weight loss products, sleep aids,
ophthalmic merchandise, smoking cession aids and other products.
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Africa is a newly rising market inside the subject of OTC capsules, as most of the African international
locations are under-advanced. Amongst the growing countries, South Africa is stated to be the leading
contributor to the African market. The principal trouble triumphing inside the African marketplace is
drug substance abuse. Codeine used in Broncleer cough syrup is banned in South Africa, as it's miles
considered to be the maximum abused OTC drug.
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GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda are the leading
businesses that make a contribution to the marketplace.
Scope of the Report:
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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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