Germany over the Counter (OTC) Drugs Market

Germany over the Counter (OTC) Drugs Market is on rise owing to well
established healthcare structure
Market Overview:
The Germany over-the-counter (OTC) drugs market has been expected at USD 7.67 billion in
2018 and is projected to reach USD 8.53 billion by using 2023, at a CAGR of 2.15% all through
the forecast period from 2018 to 2023. Over-the-counter (OTC) drugs are used to treat
situations that do not require direct consultation of a medical doctor. OTC drugs are safe and
well tolerated. Those provide low-cost treatment and additionally assist to lower the workload
of physicians. The most normally marketing OTC drugs in Germany include Acetaminophen,
Aspirin, Ibuprofen, Voltaren Gel, and Dorithricin, among others.
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over-the-counter-drugs-market-800/request-sample
Rising import of OTC drugs is fuelling the growth of the market
Factors affecting market growth:
Get
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Increasing number of chemists & pharma dispensaries (+)
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Growing trend among individuals to select OTC drugs (+)
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Escalating health care costs (+)
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Quick availability (+)
•
Rising import of OTC drugs (+)
•
Strict rules and regulations (-)
•
Availability of other therapies such as homeopathy (-)
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Pharmacies/Drug shops segment holds the biggest market share
Market Segmentation
The Global over-the-counter (OTC) drugs market is segmented on the basis of
Product Type
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Analgesics
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Cough, Cold and Flu Products
•
Vitamins and Minerals
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Dermatological Products
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Gastrointestinal Products
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Ophthalmic Products
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Sleep Aid Products
•
Weight Loss/Diet Products
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Others
By Formulation Type
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Tablets
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Liquids
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Ointments
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Sprays
Distribution Channels
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Pharmacies
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Supermarkets/Hypermarkets
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Convenience stores
•
Others (Online Drug Stores)
Among all the segments, Pharmacies/Drug shops segment instructions the biggest market share
in Germany over-the-counter (OTC) drugs market, by distribution channel in 2016.
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Key players:
The major share holders of the 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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Germany Over the Counter (OTC) drugs market has been estimated at USD 7.67 billion in 2018 and is projected to reach USD 8.53 billion by 2023, at a CAGR of 2.15% during the forecast period from 2018 to 2023. Over the Counter (OTC) drugs can be dispensed without prescription of healthcare professionals.