As per the latest industry analysis published by Fact.MR, the global OTC analgesics market was valued at around US$ 25 Bn in 2020, and is expected to accelerate at a CAGR of 5% through 2031. Demand for nonsteroidal anti-inflammatory drugs (NSAIDs) is set to increase at a CAGR of 4% across the assessment period of 2021 to 2031. Overall, the worldwide Over the Counter analgesics market is projected to expand 1.6X and top a valuation of US$ 40 Bn by 2031.
| Market Size Value in 2020 | US$ 25 Bn |
| Market Forecast Value for 2031 | US$ 40 Bn |
| Global Growth Rate (2021 to 2031) | 5% CAGR |
| Share of Top 5 Companies | 40% |
The Market survey of Over the Counter (OTC) Analgesics offers a comprehensive analysis of diverse features, including production capacities analysis of Over the Counter (OTC) Analgesics, demand, product developments, revenue generation, and Size of Over the Counter (OTC) Analgesics Market across the globe.
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Over the Counter (OTC) Analgesics Market size is done based on a triangulation methodology that is primarily based on experimental modelling approaches such as patient-level data or disease epidemiology for any key indications , number of procedures and install base analysis for any equipment to obtain precise market estimations for the base year as well as in historic data analysis. Bottom-up approach is always used to obtain Over the Counter (OTC) Analgesics insightful data for the specific country/regions.
Key Market Segments in OTC Analgesics Industry Research
-
Form
- OTC Analgesic Tablets
- OTC Analgesic Capsules
- OTC Analgesic Liquid
-
Drug Type
- OTC Acetaminophen
- OTC Salicylates
- OTC Nonsteroidal Anti-inflammatory Drugs (NSAIDs)
-
OTC Channel
- Sales of OTC Analgesics at Pharmacies
- Sales of OTC Analgesics at Drug Stores
- Online Sales of OTC Analgesics
- Modern Trade Sales of OTC Analgesics
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Why are Nonsteroidal Anti-inflammatory Drugs (NSAIDs) in Such High Demand?
Demand for NSAIDs is expected to increase by 1.6X over the forecast period. Non-opioid analgesics are nonsteroidal anti-inflammatory drugs (NSAIDs). They are mainly of three types: aspirin, ibuprofen, and naproxen.
NSAIDs work by inhibiting the production of certain chemicals in the body that causes inflammation. NSAIDs are useful in curing pain caused by slow tissue damage, like arthritis pain and are expected to fuel the demand for OTC nonsteroidal anti-inflammatory drugs.
They’re frequently used to treat headaches, menstrual cramps, sprains and strains, colds and flu, arthritis, and other mild to moderate pain conditions. They are more effective than acetaminophen and are generally used to treat mild pain symptoms all over the body. Hence the sales of OTC nonsteroidal anti-inflammatory drugs have increased.
All these factors are contributing to the growth of the OTC nonsteroidal anti-inflammatory drugs (NSAIDs) market.
Which OTC Channel Will be Preferred for Sales of OTC Analgesics?
According to OTC channel analysis, pharmacies will continue to be the most popular OTC channel for sales of OTC analgesics over the coming years.
A pharmacy is a one-stop-shop for OTC analgesics that can be used at home. Many people can’t afford to go to the doctor on a regular basis and instead rely on OTC products. Hence, individuals are gradually shifting their preference towards pharmacies for purchasing medicines.
Wider availability of OTC analgesics in pharmacies, affordability, and easy accessibility are boosting sales of OTC acetaminophen and OTC salicylates through pharmacies.
Some Notable Offerings by Fact.MR Report on Over the Counter (OTC) Analgesics market:
- MR will provide you an analysis of the extent to which this Over the Counter (OTC) Analgesics market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
- MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
- Also, this report will help you to identify any trends to forecast growth rates.
- The analyzed report will forecast the general tendency for supply and demand.
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Some of the Over the Counter (OTC) Analgesics Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
- Details regarding latest innovations and development in Over the Counter (OTC) Analgesics and how it is gaining customer traction during the forecast period.
- Analysis about the customer demand of the products and how it is likely to evolve in coming years.
- Latest regulations enforced by government bodies and local agencies and their impact on Demand of Over the Counter (OTC) Analgesics Market .
- Insights about adoption of new technologies and its influence on the Over the Counter (OTC) Analgesics market Size.
- Overview of the impact of COVID-19 on Over the Counter (OTC) Analgesics Market and economic disruptions caused by the pandemic.
- Evaluates post-pandemic impact on the Sales of Over the Counter (OTC) Analgesics Market during the forecast period.
After reading the Market insights of Over the Counter (OTC) Analgesics Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total Over the Counter (OTC) Analgesics market revenue.
- Study the growth outlook of Over the Counter (OTC) Analgesics market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of Over the Counter (OTC) Analgesics market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of Over the Counter (OTC) Analgesics Market Players.
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