Market Size of Asia-Pacific Over-the-counter (OTC) Drugs Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.30 % |
Major Players_Drugs_Market_1.webp)
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Over-The-Counter (OTC) Drugs Market Analysis
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. Along with new channels of accessibility in the emerging markets in retail outlets, supermarkets are contributing to the growth of the OTC medication market in Asia-Pacific. However, the lack of awareness among the population and incorrect self-diagnosis are expected to hamper the market growth.
