Global OTC Consumer Health Products Market is anticipated to rise at a value CAGR of 3.67 % over 2019-2028. According to a study published by Insure Insights on the Global OTC Consumer Health Products Market. OTC Consumer Health Products are those products that are not being prescribed by the physician acts as self-medication. The commercialization of the OTC products in various forms through media and entertainment has proved to be lucrative to market growth. They include products for nutrition, skincare, hair care, oral care also includes drugs like analgesics, antacids, etc. The mounting use of smartphones has created the awareness for OTC Consumer Health Products through different social media platforms and thus have proved to be a boon for the market

Top Driver: The increases in awareness among consumers about various OTC products ave driven the market

The rise in the commercialization of OTC consumer health products through media, television have raised awareness among consumers for self-medication of OTC products and thus has primarily driven the market growth. The surge in the incidences of lifestyle diseases, growth in the geriatric population have escalated the demand for OTC Consumer health products. The rise in the disposable incomes of people, especially in the developing and developed regions, has raised the need for OTC consumer health products and have fueled the market

Skin Care Products  has dominated growth in the Global OTC Consumer Health Products Market

Based on the Product, Skincare products segment has obtained the highest growth due to an increase in the advertisements of skincare product like body lotions, acne creams, sunscreens, antifungal powders through media, television, etc. The rise in the awareness among the consumers about the user of these products have further expanded the demand for skin care products, thus have boosted the segmental growth

In terms of the Distribution Network, Independent Pharmacy and Retail Stores segment have obtained the most remarkable growth owing to the high availability of OTC products in Independent Pharmacy and Retail Stores.

North America boosts the regional market due to the presence of key players   

North America has ruled the regional market with the presence of key players, and the rise in disposable income among the public is the primary factor boosting the regional market. Moreover, the increase in the minor health ailments among adults and the commercialization of these products through advertisement have created awareness about the use of the products and thus have promoted self-medication have further escalated the market size have further boosted the market growth.  The Asia Pacific region is expected to grow as the second largest market owing to the significant rise in population growth and due to product launches of OTC Consumer Health Products in the region.

Product launches, Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors

The Players of the Global OTC Consumer Health Products Market is fragmented. Product launches, Product launches, Collaborations, Mergers, and Acquisition, are strategies used by the competitors   The key competitors of the Global OTC Consumer Health Products Market are Glenmark Pharmaceuticals Ltd., American Health, Bayer AG, Sanofi S.A., Ipsen, Johnson & Johnson, Pfizer, Inc., , Abbott Laboratories, GlaxoSmithKline plc and  Sun Pharmaceuticals Ltd.

Sanofi S.A Sanofi S.A. is one of the key competitors of the Global OTC Consumer Health Products Market; for instance, In September 2017, Sanofi S.A.  had announced the launch of Combiflam ICYHOT, it is a topical analgesic. It is in the form of gel and spray and is used to provide instant and long-lasting relief to people suffering from muscle pains and sprains.

Sun Pharmaceuticals Ltd:  Sun Pharmaceuticals Ltd. is a popular competitor in the Global OTC Consumer Health Products Market. In April 2018, Sun Pharmaceuticals Ltd. had announced the launch of antifungal powder known as ABZORB.  It is a unique combination of talc & starch assures superior sweat absorption and clotrimazole, one of the best-in-class antifungals. It is used to treat infection & prevents its recurrence.

Scope of the Report

By Product

• Skin Care Products
• Nutritional Supplements
• Others

By Distribution Network

• Hospital Pharmacy
• Independent Pharmacies and Retail Stores
• Hypermarkets and Supermarkets
• Online Sales

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.