OTC Consumer Health Market, By Product Type (Dermatological Products, Vitamins & Dietary Supplements, Wound Care Management Products, Gastrointestinal Products, Ophthalmology products, Others), By Distribution Channel (Online Stores, Offline Stores, Other

OTC Consumer Health Market, By Product Type (Dermatological Products, Vitamins & Dietary Supplements, Wound Care Management Products, Gastrointestinal Products, Ophthalmology products, Others), By Distribution Channel (Online Stores, Offline Stores, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Over-the-counter (OTC) medicines are drugs that are available without a prescription. Some OTC medicines are used to relieve aches, pains, and itches. Some prevent or cure diseases such as tooth decay and athlete's foot. Other OTC health products may help to manage recurring problems such as migraines and allergies. They are safe and effective when followed as directed by the directions on the label and as directed by a healthcare professional. Generic and brand name products for allergy, sinus, cold and flu, pain relief, home health care and daily living, support braces and wraps, dental and oral health, eye and ear care, first aid, smoking cessation, diabetes care, foot care, digestive health, incontinence, skin care, sleep aids, and vitamins are among the categories of covered OTC items. The benefits of using OTC over prescription drugs include easy accessibility, lower costs, convenience, and customer-empowering qualities. In turn, these factors contribute to increase adherence to therapy, with a positive impact on disease outcomes, healthcare costs and resource consumption.

Market Dynamics

Increasing inorganic activities such as agreements among market players is expected to drive growth of the global OTC consumer health market over the forecast period.

For instance, on January 24, 2022, Hindustan Foods Limited, a company manufacturing and selling nutritional food products and cereal based food products had signed a share purchase agreement with Reckitt Benckiser India Pvt. Ltd., a consumer goods company to acquire the entire issued Share Capital of Reckitt Benckiser Scholl India Private Limited (RBSIPL). The aim of this agreement was to mark Hindustan Foods Limited's entry into Over-the-counter (OTC) Healthcare and Wellness segment as a contract manufacturer.

Key features of the study:

• This report provides an in-depth analysis of the global OTC consumer health market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global OTC consumer health market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Johnson & Johnson, Abbott Laboratories, Sanofi, GlaxoSmithKline plc., Bayer AG, Nestle Company, Procter & Gamble Corp., Danone Food Company, Colgate Palmolive Mfg. Company, Unilever, and Henkel AG & Co. KGaA
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global OTC consumer health market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global OTC consumer health market

Detailed Segmentation:

• Global OTC Consumer Health Market, By Product Type:
• Dermatological Products
• Vitamins & Dietary Supplements
• Wound Care Management Products
• Gastrointestinal Products
• Ophthalmology products
• Others
• Global OTC Consumer Health Market, By Distribution Channel:
• Online Stores
• Offline Stores
• Departmental Stores
• Pharmacy Stores
• Others
• Global OTC Consumer Health Market, By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
• Company Profiles
• Johnson & Johnson
• General Electric Company
• Abbott Laboratories
• Sanofi
• GlaxoSmithKline plc.
• Bayer AG
• Nestle Company
• Procter & Gamble Corp.
• Danone Food Company
• Colgate Palmolive Mfg. Company
• Unilever
• Henkel AG & Co. KGaA