OTC Drug and Dietary Supplement Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The OTC Drug and Dietary Supplement Market was valued at US$ 2, 93,255.40million in 2019and is projected to reach US$ 4, 92,102.49millionby 2027; it is expected to grow at a CAGR of 6%from 2021 to 2027.

The global over-the-counter medicines and dietary supplements market is driven by growing awareness related to common health issues and advances in the medical and pharmaceutical industry. Additionally, the growing trend among individuals choosing OTC medicines for mild ailments complements the market growth. In addition, FDA’s stringent regulations regarding the safety and effectiveness of OTC drugs are hampering market growth. OTC drugs are also known as over-the-counter (OTC) drugs. OTC medications are safe when administered according to the instructions provided by your healthcare professional. However, dietary supplements contain dietary ingredients that are used to provide nutrients to the body to meet the body’s nutrient balance. In addition, they provide non-nutritive chemicals that provide biological benefits to the body.

Market Segments

By Product

• Cough and Cold Products
• Vitamins and Dietary Supplements
• Analgesics
• Gastrointestinal Products
• Sleep Aids
• Oral Care Products
• Ophthalmic Products
• Antacids
• Feminine Care
• Others

By Type                                        

• Branded
• Generic

By Form

• Tablets
• Capsules
• Powders
• Ointments
• Liquid
• Others

Key Players

• GlaxoSmithKline plc.
• Sanofi
• Johnson and Johnson Services, Inc.
• Abbott
• AbbVie Inc.
• Bausch Health Companies Inc.
• Bayer AG
• Procter & Gamble

Scope of the Report

The research study analyzes the global OTC Drug and Dietary Supplement industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by OTC Drug and Dietary Supplement Market Report

1. What was the OTC Drug and Dietary Supplement Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the OTC Drug and Dietary Supplement Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the OTC Drug and Dietary Supplement Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.