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(MoneyNewsWire.Net, August 11, 2017 ) Over the Counter (OTC) drugs can be dispensed without prescription of healthcare professionals. These drugs are safe & effective and can be bought at the pharmacies and local stores, over the counter. These drugs are occasionally used for common disease conditions (cold & flu, analgesia, cough, skin diseases, and other disease conditions). Most commonly marketing OTC drugs in Germany include Acetaminophen, Aspirin, Ibuprofen, Voltaren Gel, and Dorithricin, among others. OTC drugs are developed under OTC Monograph process or through New Drug Application (NDA) process. These drugs come with a monograph, on which the ingredients of the drug, recommended dosage and user instructions are written.
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Rising import of OTC drugs, increasing self-medication, growing healthcare awareness among public, and rising health care costs are some of the factors driving the growth of OTC drugs market in Germany. In addition, increasing number of chemists & pharma dispensaries and the key benefits offered by OTC drugs such as quick availability, affordability, ease of access, & customer-empowering qualities are further stimulating the growth of OTC medicines. However, lack of proper reimbursement policies, strict regulations for the import of the medicines including OTC drugs, complications involved in taking wrong medication due to lack of knowledge, and availability of other therapies (such as homeopathy) are expected to restrain the growth of OTC drugs market in Germany.
Germany Over the Counter (OTC) Drugs Market: Segmentation
Product Type
Analgesics
Cough, Cold and Flu Products
Vitamins and Minerals
Dermatological Products
Gastrointestinal Products
Ophthalmic Products
Sleep Aid Products
Weight Loss/Diet Products
Others
By Formulation Type
Tablets
Liquids
Ointments
Sprays
Distribution Channels
Pharmacies
Supermarkets/Hypermarkets
Convenience stores
Others (Online Drug Stores)
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Further, the market is segmented based on distribution channel such as Pharmacies/Drug Stores, Supermarkets/Hypermarkets, Convenience Stores, and Others (online drugstores). Among these, Pharmacies/Drug Stores segment commands the largest market share in Germany Over the Counter (OTC) drugs market, by distribution channel in 2016.
The major players in Germany Over the Counter (OTC) drugs market include Bayer AG (Germany), Johnson & Johnson (U.S.), Almirall S.A. (Spain), GlaxoSmithKline Plc (U.K.), Boehringer Ingelheim GmbH (Germany), PharmaFGP GmbH (Germany), OTC-Pharma Vertrich Gmbh (Germany), Novartis AG (Switzerland), Pfizer AG (Switzerland), and Sanofi S.A. (France).
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