According to the report "Taiwan Over the Counter Drugs Market'', published by Market Data Forecast, the Taiwan market is projected to reach USD 2.39 billion by 2021, at a CAGR of 5.82% from 2016 to 2021.

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Taiwan Over the Counter Drugs market has a share of 3.5% of total Asia-Pacific OTC market. The term ‘’Over the counter’’ mentions to pharmaceuticals, which are bought across the counter without any need of physicians prescription.OTC Drugs provide affordable treatment for both Customers and Nation’s health care system.

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The Major factors that are driving the growth of Over the Counter Drugs market in Taiwan are lower cost of OTC Medicines compared to Prescription Medicines, High preference of using OTC drugs for minor ailments. The cost sensitivity of production is the major factor that is restraining the growth of market.

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Segmentation:
1) Based on Formulation:
• Tablets
• Liquids
• Ointments
• Sprays

2) Based on Product type:
• Cough, Cold and Flu Drugs
• Analgesics
• Dermatologics
• Gastrointestinal Drugs
• Antiseptics
• Anti-Allergy Drugs
• Smoking Cessation Aids
• Ophthalmic
• Vitamins and Minerals
• Sleep Aids
• Weight Loss/Diet Drugs
• Others(Ear Drops & Diuretics)

3) Based on distribution channels:
• Pharmacies/Drug Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Others (Online Drugstores)

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Key players influencing the Over the Counter Drugs Market in Taiwan are Johnson &Johnson, Sinphar pharmaceutical co ltd, China Chemical & Pharmaceutical Co., Ltd, Daiichi Sankyo Co, ltd, Glaxo smithkline, Bayer Health care, Merck Ltd, Novartis.

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