The Indonesia Over the Counter
Drugs (OTC) Market is anticipated to witness impressive growth during the
forecast period. This can be ascribed to the expansion of self-medication
culture. Indonesian consumers are becoming more proactive in managing their
health and relying on self-medication practices. This has fueled the demand for
OTC drugs for common ailments such as headaches, cold and flu symptoms, and
digestive issues. Additionally, there is a growing emphasis on wellness among
Indonesian consumers, leading to increased demand for OTC products focused on
preventive healthcare, such as vitamins, dietary supplements, and natural
remedies. Moreover, traditional herbal medicines have a long-standing presence
in Indonesian culture, resulting in an increased market for OTC products
derived from natural ingredients and traditional healing practices.
Consumers are seeking OTC
products for skincare, hair care, oral care, and other personal care needs
driven by a desire for self-care and enhanced appearance. The revenue of Indonesia
Over the Counter Drugs Market is USD2287.00 million in 2023 and will register a
CAGR of 6.12% in the forecast years. Furthermore, 17.9% of total revenue will
come from e-Commerce sales.
Nonetheless, the COVID-19
pandemic has led to increased demand for specific OTC products. Items such as
hand sanitizers, face masks, thermometers, cough, and immune-boosting
supplements have experienced a surge in demand as consumers sought products for
personal hygiene, symptom relief, and immune support. International companies
are partnering or collaborating with government institutions and healthcare
organizations to expand their market presence, as Indonesian consumers place
high importance on brand reputation, quality, and trust. International
companies are known for the same and have an advantage in gaining consumer
trust and acceptance.
Increased
Focus on Herbal and Traditional Medicine
Herbal and traditional
medicines have a significant presence and influence in Indonesia. The country
has a rich tradition of traditional healing practices and a deep cultural
belief in the power of natural remedies. Traditional medicine, known as
"jamu" in Indonesia, has been practiced for centuries. It involves
the use of natural ingredients, such as herbs, roots, and spices, to promote
health and treat various ailments.
The Indonesian government
recognizes the importance of traditional medicine and has taken steps to
support its development and integration into the healthcare system. The
Ministry of Health has established regulations and guidelines to ensure the
safety, quality, and efficacy of traditional medicines. There are numerous
local companies in Indonesia specializing in the production and distribution of
herbal and traditional medicines. These companies often have a strong focus on
sourcing high-quality natural ingredients and adhering to traditional
formulations while also incorporating modern manufacturing practices.
The National Agency of
Drug and Food Control (BPOM) oversees the registration and regulation of
traditional medicines in Indonesia. Traditional medicine products must go
through a registration process to ensure their safety, quality, and adherence
to specific standards. Many consumers prefer herbal remedies as an alternative
or complementary approach to conventional medicine, particularly for common
ailments and maintaining overall wellness.
Indonesian institutions
and researchers are actively studying traditional medicinal plants to validate
their efficacy, identify active compounds, and develop standardized extracts or
formulations. This research contributes to the modernization and scientific
understanding of traditional medicine practices.
Indonesia's rich
biodiversity and traditional medicine practices present export opportunities
for herbal and traditional medicine products. The demand for Indonesian
traditional medicines has expanded beyond domestic borders, and there is
growing interest from international markets. This factor will help in the
growth of the Indonesia Over the Counter Drugs Market.
Expansion
of Self Medication Culture
Indonesia has witnessed an
expansion of self-medication culture in recent years. Self-medication refers to
the practice of individuals treating minor ailments or managing their health
conditions without consulting a healthcare professional. With greater access to
information through the internet and other sources, individuals are more
informed about common health conditions, symptoms, and available treatment
options. This has contributed to a rise in self-medication practices. The
availability of a wide range of OTC drugs in pharmacies and retail outlets has
facilitated self-medication in Indonesia. Consumers can easily access
medications without a prescription for common ailments such as headaches,
colds, allergies, and digestive issues. Self-medication is often driven by
affordability and convenience. OTC drugs are generally more affordable compared
to prescription medications and do not require visits to healthcare
professionals, saving time and costs for consumers. Indonesian consumers tend
to trust the efficacy of OTC drugs for managing minor health conditions. They
rely on their own judgment and past experiences, as well as recommendations
from family, friends, and pharmacists when selecting OTC medications.
Self-medication often involves treating specific symptoms rather than
diagnosing and addressing underlying health conditions. Consumers may choose
OTC drugs that provide relief for symptoms they are experiencing. Pharmacists
play a crucial role in facilitating self-medication practices in Indonesia. They
are trained professionals who can provide advice, recommendations, and
information about OTC drugs, ensuring responsible use and minimizing potential
risks. This factor will accelerate the growth of Indonesia Over the Counter
Drugs Market.
Growing
Demand for Wellness and Beauty Products
Consumers are becoming
more conscious of personal well-being, self-care, and appearance, driving the
growth of the market. Indonesian consumers are increasingly prioritizing
self-care and wellness. They are seeking products that promote overall
well-being, enhance vitality, and support a healthy lifestyle. The demand for
OTC drugs in the skincare and personal care has seen significant growth.
Consumers are increasingly looking for products that address specific skincare
concerns, such as anti-aging, acne treatment, moisturization, and sun
protection. OTC skincare products, including creams, lotions, serums, and
masks, are popular choices. The market for OTC hair care products, including
shampoos, conditioners, hair masks, and styling products, is expanding in
Indonesia. Consumers are seeking products that cater to their specific hair
care needs, such as repairing damaged hair, addressing hair loss, and enhancing
hair volume and shine. Oral care products, such as toothpaste, mouthwash, and
dental floss, are witnessing increased demand as consumers become more
conscious of dental hygiene and oral health. Products that offer teeth
whitening, fresh breath, and cavity protection are particularly sought after.
Social media platforms play a significant role in shaping consumer preferences
and driving demand for wellness and beauty OTC products. Influencers and online
beauty communities share product recommendations, skincare routines, and beauty
tips, influencing consumer choices and contributing to the growth of the market.
This factor will help in the increment of Indonesia over the Counter Drugs
Market.
Recent
Developments
In 2022, PT Kalbe Farma
Tbk or Kalbe, through its subsidiary KALGen Innolab, launched Nutrigenme Life,
the latest genetic assessment that can analyze DNA variations associated with
an individual's lifestyle habits.
In 2023, PT Kalbe Farma
Tbk, through KALGen Innolab (the Kalbe Genomics Laboratory), is collaborating
with Roche and its subsidiary, Foundation Medicine Inc. or FMI, to launch an
assessment service called Comprehensive Genomic Profiling (CGP) with Advanced
Sequencing (NGS) technology.
Market Segmentation
Indonesia Over the Counter
Drugs (OTC) Market can be segmented by
product type, by route of administration, by dosage form, by distribution
channel, by end user, and by region and competitive landscape. The
Indonesia Over the Counter Drugs (OTC) Market can be categorized by Product
Type into Cough, Cold and Flu; Vitamins, Mineral, and Supplements (VMS);
Analgesics; Gastrointestinal Products; Dermatology Products; and Others. It can
also be segmented by Route of Administration into Oral, Topical, and
Parenteral. Additionally, Dosage Form options include Tablets, Capsules, Liquid
& Solutions, Creams/Lotions/Ointments, and Others. The Distribution Channel
comprises Retail Pharmacy, Hospital Pharmacy, and E-Pharmacy. Furthermore, the
End User segment consists of Adults, Geriatric, Pregnant Females, Children, and
Infants. Lastly, the market can be analyzed by region, specifically Java,
Sumatra, Kalimantan, Bali and others.
Market
Players
PT Kalbe Farma Tbk, PT
Kimia Farma Tbk, PT Tempo Scan Pacific Tbk, PT Sanbe Farma, PT Phapros Tbk,
Johnson & Johnson Indonesia PT, GlaxoSmithKline Indonesia PT, PT. Bayer
Indonesia are some of the players in Indonesia Over the Counter Drugs (OTC) Market.
Download Free Sample Report
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Attribute
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Details
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Base Year
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2022
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Historic
Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
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Report Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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Product Type
Route of Administration
Dosage Form
Distribution
Channel
End User
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Regional
scope
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Java,
Sumatra, Kalimantan, Bali, Others
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Key
companies profiled
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PT Kalbe Farma Tbk, PT Kimia Farma Tbk, PT Tempo Scan
Pacific Tbk, PT Sanbe Farma, PT Phapros Tbk, Johnson & Johnson Indonesia
PT, GlaxoSmithKline Indonesia PT, PT. Bayer Indonesia
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scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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purchase options
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Avail customized purchase options to meet your exact research
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Delivery
Format
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Report
Scope:
In this report, the Indonesia
Over the Counter Drugs (OTC) Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed below:
- Indonesia Over the Counter Drugs (OTC) Market, By
Product Type:
o Cough,
Cold and Flu
o Vitamins,
Mineral, and Supplements (VMS)
o Analgesics
o Gastrointestinal
Products
o Dermatology
Products
o Others
- Indonesia Over the Counter Drugs (OTC) Market, By Route
of Administration:
o Oral
o Topical
o Parenteral
- Indonesia Over the Counter Drugs (OTC) Market, By Dosage
Form:
o Tablets
o Capsules
o Liquid
& Solutions
o Creams/Lotions/Ointments
o Others
- Indonesia Over the Counter Drugs (OTC) Market, By Distribution
Channel:
o Retail
Pharmacy
o Hospital
Pharmacy
o E-Pharmacy
- Indonesia Over the Counter Drugs (OTC) Market, By End
User:
o Adults
o Geriatric
o Pregnant
Females
o Children
o Infants
- Indonesia Over the Counter Drugs (OTC) Market, By Region:
o Java
o Sumatra
o Kalimantan
o Bali
o Others
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present Indonesia
Over the Counter Drugs (OTC) Market.
Available
Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
Indonesia Over
the Counter Drugs (OTC) Market is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at [email protected]