Asia-pacific Over The Counter (OTC) Drugs Market

Increasing investment in health care to drive the Asia-pacific over the counter drugs market
Over-the-Counter (OTC) drugs are authorized and effective for use, without the supervision
of a specialist or doctor. These medications are utilized for treating basic health problems like
body aches and itches. A few medications cure infections and others help oversee the
prevention of recurring health issues, like headache. OTC medications help consumers in selfdiagnosing and self-treating health issues, similar to migraine, joint inflammation, sprains,
and other minor joint and muscle issues.
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The solid development of Over the Counter Drugs Market is foreseen because of increment
in health services businesses and increment in the venture of government to create medicinal
services enterprises. The over-the-counter drugs market in nations, for example, China, India,
and Vietnam are anticipated to extend at high development rate amid the forecast time
period because of increment in awareness among the populace about the utilization of overthe-counter medications to treat minor medical problems.
Different variables that drive the over-the-counter medications to market are changes in
social demeanors with respect to self-pharmaceuticals required for minor medical issues, the
comfort of easy purchasing, moderateness of over-the-counter medications, high reception
and acknowledgment in developed economies, savings created by the use of over the counter
medications, and advancements and improvements in drugs. The major issues associated
with OTC drugs are the major possibilities of its misuse. The serious adverse effects of OTC
drugs in the case of wrong medication and incorrect diagnosis is a key restraining factor of
the market.
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Geographic Segmentation
Geographic Segmentation for the Asia-pacific Bent grass market is done into China, Japan,
India, South Korea, and Australia. Japan is currently dominating the market followed by China.
It is also expected that Japanese market will saturate during the forecast period. The market
value was estimated to be USD 43.7 Billion in 2016 and is expected to reach USD 77.9 Billion
by 2021 at a CAGR of 10.01%.
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Major companies in the Asia pacific over the counter market are GlaxoSmithKline, Johnson
and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda.
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OTC drugs market in Asia-Pacific region has been estimated at USD 43,765.5 Million in 2016 and is projected to reach USD 77,579.0 Million by 2022, at a CAGR of 10.01% during the forecast period from 2016 to 2022.