Asia-Pacific Over-the-counter (OTC) Drugs Market Healthcare Equipment, Highlights, Expert Reviews 2020 to 2025

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Jul 20, 2020 (Market Insight Reports) — The report titled “Asia-Pacific Over-the-counter (OTC) Drugs Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.

The growth propelling factors of the Asia-Pacific over-the-counter (OTC) drugs market are product innovations, high penetration in emerging countries, like India and China, and the inclination of pharmaceutical companies toward OTC drugs over prescription drugs. This can be attributed to the rapidly growing population and an increase in the disposable income of the population, which may add critical mass to the population available to access OTC medication.

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Key Market Trends

Cough, Cold, and Flu Products Segment May Hold Significant Market Share over the Forecast Period

The OTC market has been witnessing strong growth resulting from the rising demand from the consumers to self-medicate. In countries with high population, such as China and India, the patients mostly rely on their neighbourhood chemist to prescribe the appropriate medicines for illnesses, such as cough, cold, nasal congestion, or fever. In India, the frequency of certain ailments, like common colds and headaches, is significantly high and inconsistent across states.

consumers are becoming more prone to seeking over-the-counter (OTC) remedies and medicines rather than checking in with their physicians. In India, consumers are found to be dependent on OTC for cough, cold, or flu medicines, as these drugs are believed to offer instant relief. Owing to their easy procurement, the sales of OTC drugs for cough, cold, and flu have increased. Furthermore, many countries in South Asia-Pacific and Japan have a large number of the elderly population who are more prone to diseases. Thus, this factor is also likely to drive the OTC drugs market in the future.

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https://www.marketinsightsreports.com/reports/07202153039/asia-pacific-over-the-counter-otc-drugs-market-growth-trends-and-forecast-2020-2025?Source=MW&Mode=47

Competitive Landscape –

The over-the-counter drugs market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market.

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