Global Over-the-Counter (OTC) Analgesics Market to Grow with a CAGR of 8.91% through 2030
Increasing demand for
topical analgesics is expected to drive the Global Over-the-Counter (OTC)
Analgesics Market growth in the forecast period, 2026-2030.
According to TechSci Research
report, “Over-the-Counter (OTC) Analgesics
Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2030”, Global Over-the-Counter (OTC) Analgesics
Market stood at USD 21.05 Billion in 2024 and is anticipated to project robust
growth in the forecast period with a CAGR of 8.91% through 2030. The market for
Over-the-Counter (OTC) Analgesics devices has witnessed consistent growth over
the growing demand for self-medications and drugs, growing approvals for over
the counter drugs, cost effective in nature over the counter drugs. In
addition, increased patent expirations of many pharmaceuticals, resulting in
their utilization as over the counter drugs, and the low cost of over the
counter drugs are factors that will drive the expansion of global over the
counter drugs market over the forecast period. The surge in demand for
individualized drugs for minor disorders and the implementation of treatment
procedures by healthcare payers are propelling the global over the counter
drugs market. Governments can freely create chemicals, or combinations of
ingredients, into proprietary mixes by controlling APIs rather than specific
medication formulations. The increased geriatric population, who are more
susceptible to cough and cold, increased vehicle pollution, increased R&D
activities leads to the high demand for over the counter (OTC) drugs in the
market. An increase in the number of cough and cold cases, the
development of sophisticated products, and the adoption of efficient treatments
are expected to boost the overall market demand for over the counter (OTC)
drugs.
Also, rigorous government
rules and lack of knowledge among individuals can hamper the growth of Global Over-the-Counter
(OTC) Analgesics Market. Similarly, a Growing Preference for Natural and
Alternative Therapies can restrain the growth of the Global Over-the-Counter
(OTC) Analgesics Market. Additionally, Patent Expirations and Generic
Competition and Adverse Effects and Tolerance will further restrict the growth
of Global Over-the-Counter (OTC) Analgesics Market.
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data Figures spread through XX Pages and an in-depth TOC on "Global
Over-the-Counter (OTC) Analgesics Market”
Global Over-the-Counter (OTC)
Analgesics Market is segmented into Drug Type, Distribution Channel and Region.
Based on distribution channel, The online pharmacies segment is witnessing rapid growth in the Over-the-Counter (OTC) Analgesics Market due to several key factors. The increasing internet penetration, the growing preference for contactless shopping, and the convenience of doorstep delivery have significantly boosted online sales of OTC analgesics. Moreover, competitive pricing, subscription-based models, and discounts offered by e-commerce platforms are attracting more consumers. The integration of artificial intelligence (AI) and chat-based consultations on digital pharmacy platforms is further enhancing customer experience by providing personalized product recommendations. Additionally, regulatory support for e-pharmacies, coupled with the rising awareness about self-medication, is expected to drive further growth. The expansion of major online pharmacy players, including Amazon Pharmacy, Walgreens Boots Alliance, and CVS Health, is also playing a crucial role in accelerating market expansion.
Based on region, the Asia Pacific region is experiencing the fastest growth in the Over-the-Counter (OTC) Analgesics Market due to several key factors. The rising prevalence of pain-related conditions, increasing health awareness, and the growing preference for self-medication are driving demand for OTC analgesics in the region. Additionally, the expansion of e-commerce platforms, coupled with the increasing adoption of digital healthcare solutions, has made OTC analgesics more accessible to consumers. The presence of large populations in countries like China and India, along with a rapidly growing middle class and rising disposable incomes, is further fueling market expansion. Moreover, government initiatives promoting affordable healthcare solutions, along with the proliferation of retail pharmacies and online pharmacies, are expected to accelerate market growth in the coming years.
Major companies
operating in Global Over-the-Counter (OTC) Analgesics Market
are:
- Bayer AG
- Boehringer Ingelheim
International GmbH
- Johnson & Johnson
Services Inc
- GSK plc
- Pfizer Inc.
- Sanofi SA
- Sun Pharmaceutical
Industries Ltd.
- Takeda Pharmaceutical
Company Limited
- AstraZeneca PLC
- Merck & Co Inc.
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“The North America region is expected
to witness significant growth of Global Over-the-Counter (OTC) Analgesics
market due to growing prevalence of musculoskeletal diseases and sports-related
injuries, coupled with the adoption of self-medication to relieve the symptoms
and an increase in approval and launch of OTC drugs. These factors are expected
to drive the growth of the market in the region. Furthermore, product approvals
by the regulatory authority increase the availability of new and effective OTC
products, which is expected to drive the growth of the market studied.
Furthermore, growing awareness about over the counter drugs among people. In
addition, existence of major market players is also boosting the expansion of North
America over the counter drugs market along with increased product penetration
and availability, demand in the North Ameica region will continue to climb,
boosting over the counter drugs market growth in the region.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Over-the-Counter (OTC)
Analgesics Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Drug Type (Acetaminophen, Nonsteroidal
Anti-inflammatory Drugs (NSAIDs), Salicylates and Other Analgesics), By
Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online
Pharmacies), By Region and Competition, 2020-2030F”, has evaluated the future
growth potential of Global Over-the-Counter (OTC) Analgesics Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Over-the-Counter (OTC) Analgesics Market.
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