, March 16, 2018 ) The OTC drugs market in North America has been estimated at USD 47,280.2 Million in 2016 and is projected to reach USD 73,800.7 Million by 2022, at a CAGR of 7.70% during the forecast period from 2016 to 2022.Over the counter (OTC) Drugs are the powerful and secure pills, which may be bought on the pharmacies and neighborhood stores, with out physician’s prescription. Acetaminophen, aspirin and ibuprofen are the most commonplace OTC drugs in North America.
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Easy accessibility and convenience are the main pluses of OTC capsules. With the increasing number of chemists and pharma dispensaries, the drugs are readily to be had and at low expenses.In North America, with the begin of a pro-active approach in the direction of the illnesses, there is a cultural shift in public closer to self-reliance. This is riding the marketplace with a wide expansion of purchaser base. The issue of drug substance abuse is the principle constraint this is generic within the North American market.
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The North American market is segmented based totally on product and geographically. The product marketplace essentially caters drugs in the categories like analgesics, cough, bloodless and flu merchandise, dermatological merchandise, gastrointestinal merchandise, vitamins, minerals, weight loss merchandise, sleep aids, ophthalmic products, smoking cession aids and other products. Majority of the marketplace proportion belongs to categories like Analgesics, Cough, Cold & Flu, Dermatological and gastrointestinal classes.
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North American market is geographically segmented in USA and Canada. USA is the biggest market for OTC capsules in the North American place. It bills for greater than eighty% of the marketplace on this vicinity. Although the marketplace proportion is high within the North American vicinity, it's far forecasted to witness a saturation in the market due to the domination of common remedy prescription.
GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda and are the pinnacle agencies that contribute to North American OTC capsules market. The maximum marketplace percentage is possessed by means of GlaxoSmithKline, Johnson and Johnson, Novartis and Sanofi.
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