Sat. Oct 1st, 2022

According to the latest report by IMARC Group, titled “U.S. Over The Counter Drugs Market Growth: Industry Trends, Size, Share, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the U.S. over the counter drugs market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The United States over the counter (OTC) drugs market is expected to exhibit a CAGR of 5.40% during 2022-2027.

Over-the-counter (OTC) drugs are medicines that can be consumed without any prescription by a healthcare professional. They are used to treat and avert common health problems, such as nausea, musculoskeletal pain, allergies, constipation, dermatitis, obesity, cold and flu, headaches, heartburn, and dental caries. They are also cheaper, convenient, and widely available at groceries, big box stores, and pharmacies compared to prescribed drugs. At present, there is an escalating demand for OTC drugs in the United States due to the shifting consumer preferences toward self-medication for minor health problems.

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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.

United States Over the Counter (OTC) Drugs Market Trends and Drivers:

The market is primarily driven by the rising adoption of OTC drugs due to their cost-effectiveness and easy availability. In addition, the increasing demand for private-label OTC drugs is encouraging manufacturers to have a guaranteed revenue stream.

This, coupled with the growing mergers and acquisitions (M&A) between OTC manufacturers, private labels, and e-commerce companies, are further propelling the market growth. Apart from this, the leading manufacturers are investing in research and development (R&D) activities to incorporate new OTC drugs for various health conditions.

Other factors, including the increasing utilization of VMS (vitamins, minerals, and supplements) and weight-loss OTC drugs, the rising number of retail stores offering OTC products, and favorable initiatives undertaken by the US Government to encourage the use of OTC drugs are creating a positive market outlook across the country.

India Over the Counter (OTC) Drugs Market Report Scope
Report CoverageDetails
Growth RateCAGR of 5.40% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027

United States Over the Counter (OTC) Drugs
 Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

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
  • Analgesics
  • Dermatology Products
  • Gastrointestinal Products
  • Vitamins, Minerals and Supplements (VMS)
  • Weight-loss/Dietary Products
  • Ophthalmic Products
  • Sleeping Aids
  • Others

Breakup by Route of Administration:

  • Oral
  • Parenteral
  • Topical
  • Others

Breakup by Dosage Form:

  • Tablets and Capsules
  • Liquids
  • Ointments
  • Others

Breakup by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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