United Kingdom Over The Counter (OTC) Drugs Market Grows With Higher Investments
Expanding
pharmaceutical industry drives the growth of the United Kingdom Over The
Counter (OTC) Drugs Market, 2023-2027F.
According to TechSci report on, “United
Kingdom Over
The Counter (OTC) Drugs Market - By
Region, Competition Forecast & Opportunities, 2027”, United
Kingdom over the counter (OTC) drugs market may flourish with an impressive
CAGR during the forecast period of 2023-2027, on the backbone of growing
demands for affordable pharmaceutical products. Growing local market for the
over the counter drugs along with the increasing number of local market players
active in the industry and increasing sales for generic drugs further drives
the growth of the United Kingdom over the counter (OTC) drugs market in the
upcoming five years. Sedentary lifestyle, increasing instances of infectious
diseases and growing cases of cold and flu mostly among the children
population, also supports the growth of the United Kingdom over the counter
(OTC) drugs market in the next five years. Moreover, growing prevalence of
self-medication for the sedentary diseases, and lifestyle diseases are majorly
responsible for the increasing demands for the over the counter (OTC) drugs and
thus aiding the growth of the United Kingdom over the counter (OTC) drugs
market in the future five years.
In
the recent years, young and adult population have been concerned for the healthcare
and their wellness thus, the rising concerns regarding their health, influences
from the social norms for following beauty standards, urge for decreasing
weight, have increased consumption for food supplements thus also substantiating
to the growth of the United Kingdom over the counter (OTC) drugs market in the
forecast years through 2027F. Recent pandemic conditions due to excessive
COVID-19 instances, symptomatic drugs to control cold, cough and flu also
facilitate the growth of the United Kingdom over the counter (OTC) drugs market
in the forecast period.
Browse over XX market data Figures
spread through 70 Pages and an
in-depth TOC on "United Kingdom Over The
Counter (OTC) Drugs Market"
https://www.techsciresearch.com/report/united-kingdom-over-the-counter-drugs-market/10532.html
The
United Kingdom over the counter (OTC) drugs market is segmented by product,
route of administration, dosage form, distribution channel, competitional
landscape, and regional distribution. Based on product, the market is further
segmented into cough, cold and flu; vitamins, mineral, and supplements (VMS);
analgesics; gastrointestinal products; dermatology products; and others. Cough,
cold and flu segment is anticipated to hold the largest revenue shares of the
market and dominate the market segment in the upcoming five years on account of
increasing
tendencies of self-prescription among the population. Moreover, COVID-19 also
plays a vital role in the upsurged demands for cough, cold and flu medicines,
thereby supporting the growth of the United Kingdom over the counter (OTC)
drugs market in the next five years. Growing concerns among the population
regarding ill food habits, sedentary lifestyle, and increasing instances of
obesity, diabetes, along with the demand for loosing weight is driving the
growth for the vitamins, minerals, and supplements (VMS) segment in the future
five years.
By
route of administration, the market is fragmented into oral, topical, and
parenteral. Oral route of administration may lead the market segment and hold
the largest revenue shares of the market in the upcoming five years on the
grounds of easier administration of the drugs. Based on dosage form, the market
is differentiated into tablets, capsules, liquids & solution,
creams/lotions/ointments, and others. Based on distribution channel, the market
is bifurcated into retail pharmacy, hospital pharmacy, and e-pharmacy. The
market analysis also studies the regional segmentation to devise regional
market segmentation, divided among London, East Anglia, Southwest, Southeast,
Scotland, East Midlands, and Yorkshire & Humberside.
A
partial list of major market players of the United Kingdom over the counter
(OTC) drugs market includes :
·
GlaxoSmithKline Plc.
·
Novartis UK Limited
·
Sun Pharmaceuticals UK Limited
·
Johnson & Johnson Limited
·
Perrigo Company Plc.
·
Reckitt Benckiser Plc.
·
AstraZeneca Plc.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=10532
Customers
can also request for 10% free customization on this report.
“Growing demand for the generic drugs and affordable medicine for
various categorical diseases drive the growth of the market. Although National
Healthcare Services (NHS) provides majority of the healthcare products and
services for the consumers, private sector of the healthcare has been recently
expanding rapidly and aiding the overall industrial growth in the recent years.
Due to the lifestyle of the population, there has been a surge in the number of
populations trying to self-medicate for lifestyle diseases like diabetes,
obesity, and infectious diseases like anti-inflammatory diseases, bacterial
infections etc. and thus aiding the growth of the United Kingdom over the
counter (OTC) drugs market in the future five years. New market players may
focus on the research and development along with product development with
advanced technologies to support their brand establishment in the market
players,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“United Kingdom Over The
Counter (OTC) Drugs Market By Product (Cough, Cold and Flu; Vitamins, Mineral,
and Supplements (VMS); Analgesics; Gastrointestinal Products; Dermatology
Products; Others), By Route of Administration (Oral, Topical, Parenteral), By
Dosage Form (Tablets, Capsules, Liquids & Solution,
Creams/Lotions/Ointments, Others), By Distribution Channel (Retail Pharmacy,
Hospital Pharmacy, E-Pharmacy), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of United Kingdom over the counter (OTC)
drugs market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United Kingdom over the
counter (OTC) drugs market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web:
https://www.techsciresearch.com