Over the Counter (OTC) Analgesics Market Growth Accelerated by Rising Demand for Pain Relief Medication

 


Over the counter (OTC) analgesics are non-prescription oral drugs used to reduce pain and fever. They contain active ingredients like acetaminophen, ibuprofen, and aspirin. These drugs provide temporary relief from pain caused by headaches, muscle aches, menstrual cramps, arthritis, oral surgery, etc. without requiring a prescription. They offer easy accessibility and relief at affordable prices. The Global Over The Counter (OTC) Analgesics Market Size is estimated to be valued at US$ 135 billion in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising prevalence of pain disorders like arthritis, back pain, and other musculoskeletal disorders is expected to drive the demand for OTC pain relief medications over the forecast period. As per the Global Burden of Disease Study 2017, low back pain and neck pain are among the top ten causes of disability worldwide, affecting over 633 million people. OTC analgesics offer a convenient and economical option for treating such minor pains without medical consultation. Thus, the increasing availability of these drugs through e-commerce platforms and their rising adoption due to easy accessibility and affordability is projected to accelerate market growth during 2023-2033.

Segment Analysis
The over-the-counter (OTC) analgesics market is dominated by the oral solid form segment, which accounts for over 70% share. Tablets are the most preferred form among consumers as they are easy to consume and carry compared to other forms such as liquids and creams. Companies focus on developing innovative formulations in tablet form with enhanced efficacy and swift action to gain market share.

Key Takeaways
The global over-the-counter (OTC) analgesics market is expected to witness high growth.

The North America region currently dominates the market driven by a large consumer base actively using OTC pain relief drugs. Key factors influencing high uptake include growing health awareness and busy lifestyles.

Key players operating in the over-the-counter (OTC) analgesics market are Bayer, Johnson & Johnson, GlaxoSmithKline, Novartis, Pfizer, Sanofi, Sun Pharmaceutical Industries, Reckitt Benckiser, and Tesaro.

Get More Insights Here: https://www.newswirestats.com/over-the-counter-otc-analgesics-market-demand-growth-and-regional-outlook-by-2030/

Related Reports: https://techaxen.com/medicine-testing-services-in-the-us-ensuring-product-safety-and-compliance/

Comments

Post a Comment

Popular posts from this blog

Contact Center Software Market Growth Accelerated by Enhanced Customer Experience

Image
  Contact center software comprises solutions that help organizations and businesses handle high volume of customer queries through multiple communication channels including phone calls, emails, social media, and web chat. Contact center software help businesses offer enhanced customer support and satisfaction by streamlining agent-customer interactions and providing real-time analytics and reporting. The Global Contact Center Software Market Size is estimated to be valued at US$ 44.7 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for contact center software has been growing steeply owing to the necessity of businesses to offer omnichannel customer experiences. With contact center software, businesses can now efficiently handle customer queries received through multiple channels simultaneously. They ensure seamless transfer of in...
Read more

Microscale 3D Printing Market Growth Accelerated by Advanced Manufacturing Techniques

Image
  Microscale 3D printing enables high throughput additive manufacturing of intricate 3D micro-structures and microfluidic devices using a variety of biomaterials. These printed microdevices find applications in areas like tissue engineering, drug discovery, biomedical research, and diagnostics. The Global Microscale 3D Printing Market Size is estimated to be valued at US$ 20.65 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of advanced additive manufacturing techniques is accelerating the growth of microscale 3D printing market. Technologies like two-photon photopolymerization, stereolithography and Continuous Liquid Interface Production enable precise manufacturing of complex features at microscale with high resolution. These high resolution 3D printing methods allow fabrication of medical implants, microfluidic devices and tissue...
Read more

The Global Seismic Survey Market Growth Accelerated by Increased Oil and Gas E&P Activities

Image
  Seismic surveys are extensively used in oil and gas exploration and production (E&P) activities to locate hydrocarbon deposits and explore potential drilling sites. Seismic surveys provide 3D images of subsurface rock layers, allowing companies to map oil and gas reservoirs and develop plans for exploration and production. The growing demand for energy and increasing oil prices in recent years have led to resurgence in oil and gas E&P projects globally. The Global Seismic Survey Market Size is estimated to be valued at US$ 25.19 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased oil and gas E&P activities have been a key growth driver for seismic survey market over the recent past. Seismic surveys are extensively used in greenfield and brownfield E&P projects to gain vital subsurface information before drilling. With...
Read more