The European OTC drugs market is anticipated to grow at a CAGR of 5.9% during the forecast period (2019-2025). The market growth is attributed to the increasing trend of self-medication in the region coupled with the increasing requirement for reducing healthcare costs. Major economies covered in the study of the European OTC drugs industry report covers the analysis of the UK, Germany, Italy, Spain, France, and the Rest of Europe. Among these, Germany is estimated to contribute a significant share in the market.
Browse the full report description European OTC Drugs Market Size, Share & Trends Analysis Report By Product Type (Analgesics & Pain Relievers; Cough, Cold & Flu Products; Vitamin & Mineral Supplements; Ophthalmic Products; and Others), By Distribution Channel (Retail & Supermarkets and Online Platform), and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/european-over-the-counter-otc-drugs-market
Germany is home to Europe’s largest while the fourth-largest pharmaceuticals markets of the globe. With the presence of highly attractive R&D locations, the country ranks first and second in terms of clinical trials in Europe and the globe respectively. In Germany, the increasing aging population coupled with the growing awareness regarding health and fitness continues to drive sales in the consumer healthcare sector. The OTC drugs market in Germany is estimated to grow significantly owing to innovation and new product launches by some of the pharmaceuticals giants such as AstraZeneca Plc, Bayer AG, Novartis, International AG, and others.
For instance, in July 2020, Novartis announced a new initiative to help patients in low-income and lower-middle-income countries access affordable medicines to treat the major symptoms of COVID-19. The Novartis COVID-19 portfolio includes 15 generic and OTC medicines from its Sandoz division for gastrointestinal illness, acute respiratory symptoms, pneumonia as well as septic shock.
Market Coverage
o By Product Type
o By Distribution Channel
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
Key Questions Addressed by the Report
European OTC Drugs Market Report Segment
By Product Type
By Distribution Channel
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