Market Overview:
The global OTC analgesics market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic pain, rising consumer awareness about OTC analgesics, and the growing demand for convenient and affordable healthcare solutions. The global OTC analgesics market is segmented on the basis of type into tablets, capsules, and others. The tablets segment is expected to account for the largest share of the global OTC analgesics market in 2018 owing to their high popularity among consumers due to their ease of use and affordability. The capsules segment is projected to grow at a higher CAGR than other segments during the forecast period due its growing demand from hospital pharmacies.
Product Definition:
OTC analgesics are medications that can be bought over the counter without a prescription. They are used to relieve pain and inflammation.
Tablet:
The global tablet market is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing geriatric population, rising healthcare costs, and growing awareness regarding health & fitness.
According to estimates published by the United Nations in 2012, there were approximately 703 million people aged above 60 years worldwide. This number is projected to reach 1 billion by 2050 with a nearly double digit increase from 1990s (350 million).
Capsule:
Capsule is a small container that holds the pharmaceutical drug and it's used in OTC analgesics market to prevent the degradation, loss of potency, and contamination of drugs. The capsule can help maintain the drug quality during storage as well as when it is administered later on. Capsules are mostly preferred over tablets or other oral dosage forms because they protect active ingredients from harsh stomach acids which may destroy some drugs.
Application Insights:
The retail pharmacies segment held the largest share of more than 60.0% in 2017. The segment is expected to witness significant growth owing to rising awareness about various pain management treatments and products among consumers, as well as healthcare professionals. According to a study published in NCBI, it was found that out of all the drugs sold through retail pharmacies, opioid analgesics accounted for 70-80% of total sales in 2014.
Hospital pharmacies are anticipated to be one of the fastest-growing segments over the forecast period due largely on OTC availability and high usage rates for acute pains among patients admitted in hospitals across countries such as India and China.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of key players coupled with high disposable income and awareness regarding alternative therapies are some factors driving the regional market. In addition, increasing government initiatives to promote opioid-free products is expected to fuel growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising demand for painkillers among patients suffering from chronic diseases such as cancer, arthritis, and back pain. Increasing geriatric population prone to various chronic conditions is also likely boost product demand in this region over next eight years.
Key Companies: Pfizer Inc.; Johnson & Johnson; Merck & Co., Inc.; Bristol-Myers Squibb Company; AbbVie Inc.; Allergan Plc; Actavis Plc; Abbott Laboratories; Cipla Inc.
Growth Factors:
- Increasing incidence of chronic pain: The global prevalence of chronic pain is estimated to be around 20%. This number is expected to grow as the population ages. This will create a large pool of patients for whom OTC analgesics will be the first line of treatment.
- Growing awareness about the benefits of OTC analgesics: There is a growing awareness among consumers about the benefits and safety profile of OTC analgesics. This is driving demand for these products, especially in developed markets such as North America and Europe.
- Availability of a wide range of products: The availability of a wide range of products catering to different needs and preferences has helped boost sales growth for the OTC analgesics market.
- Rising consumer preference for self-medication: There is an increasing trend among consumers towards self-medication, which is benefiting the growth prospects for the global OTC analgesics market .
Scope Of The Report
Report Attributes
Report Details
Report Title
OTC Analgesics Market Research Report
By Type
Tablet, Capsule, Others
By Application
Retail Pharmacies, Hospital Pharmacies, Online Pharmacies
By Companies
Pfizer, Johnson & Johnson, AstraZeneca, Novartis, GlaxoSmithKline, Sun Pharma
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global OTC Analgesics Market Report Segments:
The global OTC Analgesics market is segmented on the basis of:
Types
Tablet, Capsule, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Pharmacies, Hospital Pharmacies, Online Pharmacies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pfizer
- Johnson & Johnson
- AstraZeneca
- Novartis
- GlaxoSmithKline
- Sun Pharma
Highlights of The OTC Analgesics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tablet
- Capsule
- Others
- By Application:
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the OTC Analgesics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
OTC analgesics are medications that are not typically prescribed by a doctor, but can be purchased over the counter. These medications include ibuprofen and acetaminophen (Tylenol).
Some of the major players in the otc analgesics market are Pfizer, Johnson & Johnson, AstraZeneca, Novartis, GlaxoSmithKline, Sun Pharma.
The otc analgesics market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 OTC Analgesics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 OTC Analgesics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 OTC Analgesics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the OTC Analgesics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global OTC Analgesics Market Size & Forecast, 2018-2028
4.5.1 OTC Analgesics Market Size and Y-o-Y Growth
4.5.2 OTC Analgesics Market Absolute $ Opportunity
Chapter 5 Global OTC Analgesics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 OTC Analgesics Market Size Forecast by Type
5.2.1 Tablet
5.2.2 Capsule
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global OTC Analgesics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 OTC Analgesics Market Size Forecast by Applications
6.2.1 Retail Pharmacies
6.2.2 Hospital Pharmacies
6.2.3 Online Pharmacies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global OTC Analgesics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 OTC Analgesics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America OTC Analgesics Analysis and Forecast
9.1 Introduction
9.2 North America OTC Analgesics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America OTC Analgesics Market Size Forecast by Type
9.6.1 Tablet
9.6.2 Capsule
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America OTC Analgesics Market Size Forecast by Applications
9.10.1 Retail Pharmacies
9.10.2 Hospital Pharmacies
9.10.3 Online Pharmacies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe OTC Analgesics Analysis and Forecast
10.1 Introduction
10.2 Europe OTC Analgesics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe OTC Analgesics Market Size Forecast by Type
10.6.1 Tablet
10.6.2 Capsule
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe OTC Analgesics Market Size Forecast by Applications
10.10.1 Retail Pharmacies
10.10.2 Hospital Pharmacies
10.10.3 Online Pharmacies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific OTC Analgesics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific OTC Analgesics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific OTC Analgesics Market Size Forecast by Type
11.6.1 Tablet
11.6.2 Capsule
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific OTC Analgesics Market Size Forecast by Applications
11.10.1 Retail Pharmacies
11.10.2 Hospital Pharmacies
11.10.3 Online Pharmacies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America OTC Analgesics Analysis and Forecast
12.1 Introduction
12.2 Latin America OTC Analgesics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America OTC Analgesics Market Size Forecast by Type
12.6.1 Tablet
12.6.2 Capsule
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America OTC Analgesics Market Size Forecast by Applications
12.10.1 Retail Pharmacies
12.10.2 Hospital Pharmacies
12.10.3 Online Pharmacies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) OTC Analgesics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) OTC Analgesics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) OTC Analgesics Market Size Forecast by Type
13.6.1 Tablet
13.6.2 Capsule
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) OTC Analgesics Market Size Forecast by Applications
13.10.1 Retail Pharmacies
13.10.2 Hospital Pharmacies
13.10.3 Online Pharmacies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 OTC Analgesics Market: Competitive Dashboard
14.2 Global OTC Analgesics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pfizer
14.3.2 Johnson & Johnson
14.3.3 AstraZeneca
14.3.4 Novartis
14.3.5 GlaxoSmithKline
14.3.6 Sun Pharma
