The North American OTC drug market is anticipated to grow at a CAGR of 6.2% during the forecast period (2019-2025). The market growth is attributed to the increasing shift of pharma players towards the OTC landscape owing to the growing preference of consumers for OTC drugs. The people in countries such as the US and Canada prefer OTC medications before seeking any professional care for minor injuries and ailments.
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Moreover, a number of small and medium-sized players are emerging in the region and introducing novel drugs at lower prices. This tends to increase the adoption of OTC drugs and hence drives the growth of the North American OTC drugs industry. Moreover, the market growth is attributed to the increasing prevalence of unhealthy lifestyles coupled with the increasing consumption of junk food among the population. This leads to some of the minor ailments owing to which the people opt for OTC medications for self-treatment. This, in turn, drives the regional growth of the North American OTC drugs market.
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• Market numbers available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered-
o By Product Type
o By Distribution Channel
• Countries Covered-
o United States
• Competitive Landscape- Pfizer Inc., Johnson & Johnson Services Inc., Amgen Inc., Bristol-Myers Squibb Co., Bayer AG, and Others
Key Questions Addressed by the Report
• What is the current market size and growth rate in the forecast period?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• Impact on market growth due to the COVID-19 pandemic?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
• How many pharmacies and stores selling OTC drugs in the region?
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North America OTC Drugs Market Report Segment
By Product Type
• Analgesics & Pain Relievers
• Cough, Cold & Flu Products
• Vitamins & Mineral Supplements
• Ophthalmic Products
By Distribution Channel
• Retail & Supermarket
• Online Platform
North America OTC Drugs Market Regional
• United States
• Achelios therapeutics., Inc.
• Amgen Inc.
• Amway Corp.
• Bayer AG
• Bristol-Myers Squibb Co.
• Cipla Ltd.
• Johnson & Johnson Services, Inc.
• Novartis international AG
• Pfizer, Inc
• Sanofi SA
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