According to the latest report by IMARC Group, titled “India Over The Counter Drugs Market Report: Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the India over the counter drugs market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India over the counter (OTC) drugs market is expected to exhibit a CAGR of 16.87% during 2022-2027.
Over-the-counter (OTC) drugs are medicines consumed by individuals without any prescription. They are safe for consumption and aid in the treatment of common ailments, such as headaches, pain, toothache, menstrual cramps, and allergies. Nowadays, a wide range of OTC drugs is available in the market, including cough, cold, acidity, fever, diarrhea, and flu medicines, dermatology products, analgesics, gastrointestinal drugs, vitamins, minerals, and supplements (VMS). Consequently, there is an escalating demand for these drugs across India.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Over the Counter (OTC) Drugs Market Trends and Drivers:
The market is primarily driven by the growing inclination toward self-medication across India due to the high consulting fees charged by healthcare professionals. In addition, the rising geriatric population susceptible to developing several diseases represents another growth-inducing factor.
Besides this, the shifting consumer preferences toward e-commerce websites and online pharmacies have augmented the sales of OTC drugs across the country. This, coupled with the increasing investments in research and development (R&D) activities and continual product inventions, is positively influencing market growth. Apart from this, various government initiatives to reduce prices and encourage the use of OTC drugs are escalating product demand.
Other factors, including the growing stress levels among working professionals, the rising health awareness among individuals, and the inflating disposable incomes of consumers, are creating a favorable market outlook across India.
|India Over the Counter (OTC) Drugs Market Report Scope|
|Growth Rate||CAGR of 16.87% from 2022 to 2027|
|Base year for estimation||2021|
India Over the Counter (OTC) Drugs Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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The report has segmented the market on the basis of region, product type, route of administration, dosage form and distribution channel.
Breakup by Product Type:
- Cough, Cold and Flu Products
- Dermatology Products
- Gastrointestinal Products
- Vitamins, Minerals and Supplements (VMS)
- Weight-loss/Dietary Products
- Ophthalmic Products
- Sleeping Aids
Breakup by Route of Administration:
Breakup by Dosage Form:
- Tablets and Capsules
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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