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Germany over the Counter (OTC) Drugs Market

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Germany Over the Counter (OTC) drugs market has been estimated at USD 7.67 billion in 2018 and is projected to reach USD 8.53 billion by 2023, at a CAGR of 2.15% during the forecast period from 2018 to 2023. Over the Counter (OTC) drugs can be dispe
Germany over the Counter (OTC) Drugs Market is on rise owing to well
established healthcare structure
Market Overview:
The Germany over-the-counter (OTC) drugs market has been expected at USD 7.67 billion in
2018 and is projected to reach USD 8.53 billion by using 2023, at a CAGR of 2.15% all through
the forecast period from 2018 to 2023. Over-the-counter (OTC) drugs are used to treat
situations that do not require direct consultation of a medical doctor. OTC drugs are safe and
well tolerated. Those provide low-cost treatment and additionally assist to lower the workload
of physicians. The most normally marketing OTC drugs in Germany include Acetaminophen,
Aspirin, Ibuprofen, Voltaren Gel, and Dorithricin, among others.
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over-the-counter-drugs-market-800/request-sample
Rising import of OTC drugs is fuelling the growth of the market
Factors affecting market growth:
Get
•
Increasing number of chemists & pharma dispensaries (+)
•
Growing trend among individuals to select OTC drugs (+)
•
Escalating health care costs (+)
•
Quick availability (+)
•
Rising import of OTC drugs (+)
•
Strict rules and regulations (-)
•
Availability of other therapies such as homeopathy (-)
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Pharmacies/Drug shops segment holds the biggest market share
Market Segmentation
The Global over-the-counter (OTC) drugs market is segmented on the basis of
Product Type
•
Analgesics
•
Cough, Cold and Flu Products
•
Vitamins and Minerals
•
Dermatological Products
•
Gastrointestinal Products
•
Ophthalmic Products
•
Sleep Aid Products
•
Weight Loss/Diet Products
•
Others
By Formulation Type
•
Tablets
•
Liquids
•
Ointments
•
Sprays
Distribution Channels
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Pharmacies
•
Supermarkets/Hypermarkets
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Convenience stores
•
Others (Online Drug Stores)
Among all the segments, Pharmacies/Drug shops segment instructions the biggest market share
in Germany over-the-counter (OTC) drugs market, by distribution channel in 2016.
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Key players:
The major share holders of the market include Bayer AG (Germany), Johnson & Johnson (U.S.),
Almirall S.A. (Spain), GlaxoSmithKline Plc (U.K.), Boehringer Ingelheim GmbH (Germany),
PharmaFGP GmbH (Germany), OTC-Pharma Vertrich Gmbh (Germany), Novartis AG
(Switzerland), Pfizer AG (Switzerland), and Sanofi S.A. (France).
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film
Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Author
Bhargav
Bhargav410   documents Email
Document
Category
Business and Leadership
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142 KB
Tags
drugs, Germany Over The Counter (OTC) Drugs Market
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