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Global Over the Counter Analgesics Market to reach USD 34.2 billion by 2027

Global Over the Counter Analgesics Market to reach USD 34.2 billion by 2027

Product Code: HLSDT-64697344
Publish Date: 11-07-2021
Page: 200

Global Over the Counter Analgesics Market is valued at approximately USD 25.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.5 % over the forecast period 2021-2027. Over The Counter Analgesics are over-the-counter pain medications that can be bought without a prescription. They are primarily used for the treatment of menstrual cramps, musculoskeletal injuries, arthritis, toothaches, flu, colds, fever and headaches. Increasing demand of topical analgesics is expected to fuel the Over-the-Counter Analgesics market, Topical analgesics is a medication applied to the body surfaces such as skin or mucus membranes to treat painful ailments. Growth in the geriatric population and rising prevalence of various diseases is propelling the market growth. For instance, the European Medicine agency has recommended using non-steroidal anti-inflammatories, such as ibuprofen and paracetamol, to treat mild symptoms of COVID-19 in lowest dose form. Moreover, New product launches by several key players are expected to influence the market positively. For instance,
• In March, 2021, Hisamitsu Pharmaceuticals Co, Inc launched Salonpas Arthritis Pain Relief Gel. The medicine is prescription strength diclofenac, which was approved by the FDA for over-the-counter use in 2020.
• In September 2020, Dr. Reddy’s Laboratories launched over-the-counter Diclofenac Sodium topic gel, used for arthritis pain, in United States.
However, threat of drug tolerance, dependence, addiction and abuse may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Over the Counter Analgesics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to high preference of patients in the region, to treat minor ailments with OTC medications before seeking professional help.

Major market player included in this report are:

Bayer AG
Boehringer Ingelheim International GmbH
Johnson & Johnson
GlaxoSmithKline PLC
Pfizer Inc.
Reckitt Benckiser Group PLC
Sanofi SA
Sun Pharmaceutical Industries Ltd
Takeda Pharmaceutical Company Limited
AstraZeneca PLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Drug Type:
Nonsteroidal Anti-inflammatory
Other Analgesics
By Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Other Distribution Channels
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.

Target Audience of the Global Over the Counter Analgesics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Over the Counter Analgesics market, by Type of Drug, 2019-2027 (USD Billion)
1.2.2. Over the Counter Analgesics, by Distribution Channel, 2019-2027 (USD Billion)
1.2.3. Over the Counter Analgesics, by Region, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Over the Counter Analgesics Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Over the Counter Analgesics Dynamics
3.1. Over the Counter Analgesics Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing demand in tropical analgesics Growth in the geriatric population
3.1.2. Market Restraint Drug abuse and possibility of drug addiction
3.1.3. Market Opportunities Growing aging population
Chapter 4. Global Over the Counter Analgesics Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Over the Counter Analgesics, by type of drugs
5.1. Market Snapshot
5.2. Global Over the Counter Analgesics by Type , Performance – Potential Analysis
5.3. Global Over the Counter Analgesics Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Over the Counter Analgesics, Sub Segment Analysis
5.4.1. Acetaminophen
5.4.2. Nonsteroidal Anti-inflammatory drug
5.4.3. Salicylates
5.4.4. Other Analgesics
Chapter 6. Global Over the Counter Analgesics, by Distribution Channel
6.1. Market Snapshot
6.2. Global Over the Counter Analgesics by Application, Performance – Potential Analysis
6.3. Global Over the Counter Analgesics Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Over the Counter Analgesics, Sub Segment Analysis
6.4.1. Hospital Pharmacies
6.4.2. Retail Pharmacies
6.4.3. Online Pharmacies
6.4.4. Other Distribution Channels
Chapter 7. Global Over the Counter Analgesics, Regional Analysis
7.1. Over the Counter Analgesics, Regional Market Snapshot
7.2. North America Over the Counter Analgesics
7.2.1. U.S. Over the Counter Analgesics Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 End use breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Over the Counter Analgesics
7.3. Europe Over the Counter Analgesics Snapshot
7.3.1. U.K. Over the Counter Analgesics
7.3.2. Germany Over the Counter Analgesics
7.3.3. France Over the Counter Analgesics
7.3.4. Spain Over the Counter Analgesics
7.3.5. Italy Over the Counter Analgesics
7.3.6. Rest of Europe Over the Counter Analgesics
7.4. Asia-Pacific Over the Counter Analgesics Snapshot
7.4.1. China Over the Counter Analgesics
7.4.2. India Over the Counter Analgesics
7.4.3. Japan Over the Counter Analgesics
7.4.4. Australia Over the Counter Analgesics
7.4.5. South Korea Over the Counter Analgesics
7.4.6. Rest of Asia Pacific Over the Counter Analgesics
7.5. Latin America Over the Counter Analgesics Snapshot
7.5.1. Brazil Over the Counter Analgesics
7.5.2. Mexico Over the Counter Analgesics
7.6. Rest of The World Over the Counter Analgesics
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Bayer AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2 Boehringer Ingelheim International GmbH

9.2.3 Johnson & Johnson

9.2.4 GlaxoSmithKline PLC

9.2.5 Pfizer Inc.

9.2.6 Reckitt Benckiser Group PLC

9.2.7 Sanofi SA

9.2.8 Sun Pharmaceutical Industries Ltd

9.2.9 Takeda Pharmaceutical Company Limited

9.2.10 AstraZeneca PLC

Chapter 9. Research Application
9.1. Research Application
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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