(MoneyNewsWire.Net, August 11, 2017 ) Over the counter (OTC) drugs are the safe and effective drugs, which can be bought without doctors prescription, which are used for common ailments. Acetaminophen, aspirin and ibuprofen are the most common OTC drugs.
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This has become a big hit in Asia, due to easy accessibility, low cost, convenience and customer-empowering qualities. The increasing number of chemists and pharma dispensaries is making the drugs readily available, thus, making it feasible for the consumers.
With the pro-active approach shown by public in Asia-Pacific region, the OTC drugs are made lower-priced. This is a major point which is driving the market. The alarming issues of drug substance abuse and lack of awareness in under-developed areas are constraining the progress of the market.
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Asia-Pacific Over the Counter (OTC) Drugs Market: Segmentation
Cough, Cold and Flu Products
Vitamins and Minerals
Sleep Aid Products
Weight Loss/Diet Products
By Formulation Type
Others (Online Drug Stores)
Australia, Japan, China and India are the leading contributors to the Asia-Pacific OTC drugs market. In East Asia, Japan takes the lead followed by China, Hong Kong, South Korea, Singapore and Malaysia. Japanese market is forecasted to saturate soon due to economic stagnation. Increasing adoption of western lifestyles and growing prosperities is leading to increase in market size and OTC demand.
GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda are the leading companies that contribute to Asia-Pacific market.
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Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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