Saudi Arabia 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

Saudi Arabia over the counter (OTC) drugs market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on account of rapidly increasing concerns over the non-affordable branded pharmaceuticals. Moreover, rising awareness and rising health concerns among the population are also driving the market growth in the upcoming five years. Additionally, the cost of OTC drugs plays a major role in the consumer inclination toward over counter drugs. The market is heavily affected by the high costs of the branded and prescription drugs that make the consumers look for proper means, and the overall cost for the doctor consultation, prescription preparation, etc., raises the cost of drugs may folds, whereas over the counter drugs are way affordable. Furthermore, consumers are intuitively into self-diagnosis, and the treatment drugs are often available as an over counter drug. The ailments and health issues like mild fever, pain, and generic health issues like obesity, high blood pressure, etc., are further enunciating the consumer’s choice of over the counter drugs on prescription drugs. These factors are aggressively supporting the exponential growth of the Saudi Arabia over the counter (OTC) drugs market in the next five years.

The Saudi Arabia over the counter (OTC) drugs market is segmented by product, route of administration, dosage form, distributional channel, competitional landscape, and regional distribution. Based on product, the market is further bifurcated into cough, cold, and flu; vitamins, minerals, and supplements (VMS); analgesics; gastrointestinal products; dermatology products; and others. Vitamins, minerals, and supplements (VMS) are anticipated to hold the largest revenue shares of the market and assert their dominance over the market on account of rapidly increasing demands from health-conscious consumers. Consumers are actively inclined toward building their physique, healthy diets, and compensating the health nutrients through a maintained dosage of vitamins, minerals, and supplements. Moreover, Cough, cold, and flu category, over the counter (OTC) drugs are expected to register the fastest growing CAGR on the grounds of recent pandemic conditions. The market is expected to grow since patients suffering from COVID-19 are rapidly increasing, and major symptoms of viral infection are cough, cold, and flu.

A partial list of market players in Saudi Arabia over the counter (OTC) drugs market includes Pfizer Saudi Limited, Sanofi Saudi Arabia, GlaxoSmithKline Saudi Arabia Limited, Gulf Pharmaceutical Industries (PSC), Tabuk Pharmaceutical Manufacturing Co., Jamjoom Pharmaceuticals Co, Reckitt Benckiser (Arabia) FZE, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO), among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfy the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

• To analyze the historical growth of the market size of Saudi Arabia over the counter (OTC) Drugs market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia over the counter (OTC) drugs market from 2021 to 2027 and growth rate until 2027. 
• To classify and forecast Saudi Arabia over the counter (OTC) drugs market based on product, route of administration, dosage form, distribution channel, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Saudi Arabia over the counter (OTC) drugs market.
• To identify drivers and challenges for Saudi Arabia over the counter (OTC) drugs market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia over the counter (OTC) drugs market.
• To identify and analyze the profile of leading players operating in Saudi Arabia over the counter (OTC) drugs market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia over the counter (OTC) drugs market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia over the counter (OTC) drugs market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Over the counter (OTC) drugs manufacturers, end users, and other stakeholders
• Distributers and suppliers of the products and other stakeholders
• Organizations, forums, and alliances related to over the counter (OTC) drugs
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia over the counter (OTC) drugs market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Over the counter (OTC) Drugs Market, By Product:

o   Cough

o   Cold and Flu

o   Vitamins

o   Mineral, and Supplements (VMS)

o   Analgesics

o   Gastrointestinal Products

o   Dermatology Products

o   Others

• Saudi Arabia Over the counter (OTC) Drugs Market, By Route of Administrations:
• Oral
• Topical
• Parenteral
• Saudi Arabia Over the counter (OTC) Drugs Market, By Dosage Form:
• Tablets
• Capsules
• Liquids & Solution
• Creams/Lotions/Ointments
• Others
• Saudi Arabia Over the counter (OTC) Drugs Market, By Distribution Channel:
• Retail Pharmacy
• Hospital Pharmacy
• E-Pharmacy
• Saudi Arabia Over the counter (OTC) Drugs Market, By Region:
• Northern & Central
• Southern
• Eastern
• Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia over the counter (OTC) drugs 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).

Saudi Arabia Over the counter (OTC) Drugs 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 sales@techsciresearch.com