Over the Counter (OTC) Drugs Market Report, published by Variant Market Research, forecast that the global market is expected to reach $272 billion by 2024 from $125 billion in 2016; growing at a CAGR of 10.2% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 10.7% and 10.2%, respectively, during the forecast period.
Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/over-the-counter-otc-diet-supplementary-market
Convenience in direct purchase, and increased consumer awareness towards treatment of minor health issues are the major factors driving the global OTC drugs market. Moreover, quick availability and high consumer acceptance has also supplemented the growth of the market. However, lack of awareness among uneducated consumers, majorly in the rural areas and problems involved in taking wrong medications would act as a restraint for the market. Product innovation and expansion in untapped markets of developing economies would unfold attractive business opportunities for the market in the coming years.
The global Over the Counter drugs market has been bifurcated on the basis of type and geography. By type the market is segmented into analgesic & pain relievers, dermatological products, cough, cold, and flu products, vitamin supplements, mineral supplements, ophthalmic products, and others (Include digestive products, sleep aids & weight loss products). The ophthalmic products segment is further categorized into dry eye, glaucoma, allergic & infective drugs, and other treatments.
Get Sample Report @ https://www.variantmarketresearch.com/report-categories/pharmaceuticals/over-the-counter-otc-diet-supplementary-market/sample-request
Geographically, the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America accounted for the largest market share in 2016 due to high demand for OTC drugs in the U.S. Asia-Pacific accounted for around one third of the global market share driven by increased consumer awareness in countries such as China and Japan. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR of 10.7% during the forecast period 2016-2024.
Major players in the global Over the Counter (OTC) drugs market are Lucentis, Restacis, Vigamox, Sanofi, Bayer AG, Merck KGaA, Novartis AG, Pfizer Inc., Johnson & Johnson Inc., GlaxoSmithKline Plc, Alkem Laboratories Limited, and Teva Pharmaceutical Industries Ltd., among others.
About Variant Market Research:
Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."
The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, "We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry." We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company's future ahead with our support and your esteemed cooperation.

Contact Us:
Variant Market Research
Website: www.variantmarketresearch.com
Email: [email protected]
USA Office:
649 Mission St, 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786