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Global Gastrointestinal OTC Drugs Market Report and Forecast 2024-2032
Market Report (7 days) I 2024-02-07 I 160 Pages I EMR Inc.
Global Gastrointestinal OTC Drugs Market Report and Forecast 2024-2032
Global Gastrointestinal OTC Drugs Market Outlook
The global gastrointestinal OTC Drugs market size was valued at USD 41.96 billion in 2023, driven by Innovation in drug formulations and delivery systems across the globe. The market size is anticipated to grow at a CAGR of 4.9% during the forecast period of 2024-2032 to achieve a value of USD 64.5 billion by 2032.
Gastrointestinal OTC Drugs: Introduction
Gastrointestinal (GI) OTC drugs are medications available without a prescription, used to treat common digestive issues like heartburn, indigestion, constipation, and diarrhea. These include antacids, proton pump inhibitors, laxatives, and anti-diarrheal agents. They offer convenience and quick relief for minor discomforts but are not meant for long-term or serious conditions. It's important to use them as directed and consult a healthcare professional if symptoms persist or worsen, to ensure safe and effective treatment.
Key Trends in the Global Gastrointestinal OTC Drugs Market
There's a growing trend of self-medication among consumers for minor GI issues, driven by the accessibility and convenience of OTC drugs. This is supported by the availability of information online, allowing consumers to make informed choices about treating common digestive complaints.
Consumers are increasingly seeking natural and organic GI products, perceiving them as safer and with fewer side effects compared to synthetic drugs. This trend is leading to a rise in the availability and popularity of herbal and natural supplements for digestive health.
Innovation in drug formulations and delivery systems, such as chewable tablets, dissolvable strips, and extended-release capsules, is improving the efficacy and convenience of GI OTC drugs. This enhances patient compliance and satisfaction, driving market growth.
There's a growing emphasis on preventive healthcare, leading consumers to use GI OTC drugs not only for treatment but also for preventive measures. Products that contribute to overall digestive health, like probiotics and dietary supplements, are gaining traction.
Regulatory bodies are increasingly scrutinizing OTC drugs to ensure consumer safety. This leads to rigorous labeling requirements and consumer education initiatives about the proper use of OTC drugs and the importance of consulting healthcare professionals for persistent or serious symptoms.
The rise of e-commerce platforms is making GI OTC drugs more accessible, providing consumers with convenient purchasing options. Online pharmacies and health product websites offer a wide range of products, competitive pricing, and the added convenience of home delivery.
Global Gastrointestinal OTC Drugs Market Segmentation
Market Breakup by Class
- Antacids
- Laxatives
- Anti-Diarrheal
- Anti-Emetics
- Others
Market Breakup by Indication
- Heartburn
- Diarrhea
- Constipation
- Gastroesophageal Reflux Disease
- Others
Market Breakup by End User
- Hospitals
- Clinics
- Home Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Gastrointestinal OTC Drugs Market Overview
In North America, the market for gastrointestinal OTC drugs is robust, driven by a culture of self-medication and a high prevalence of digestive disorders related to lifestyle and dietary habits. The U.S. is a significant market, with a wide range of available products and strong consumer trust in OTC solutions for immediate relief. There's also a growing trend towards natural and organic digestive remedies, reflecting the broader shift towards health and wellness in the region.
Europe's market is characterized by strong regulatory frameworks ensuring the safety and efficacy of OTC drugs. Consumer preference for OTC solutions for minor gastrointestinal issues is high, and there's a growing demand for products with natural ingredients. The market is also influenced by public health initiatives promoting responsible self-medication and the prudent use of OTC drugs, alongside a focus on preventive healthcare and dietary management to reduce the incidence of digestive issues.
The market in the Asia-Pacific region is expanding rapidly, driven by increasing consumer awareness and improving access to healthcare products. Urbanization, changing lifestyles, and dietary shifts contribute to the prevalence of gastrointestinal issues, fueling the demand for OTC remedies. However, the market is diverse, with variations in consumer preferences and regulatory landscapes. Traditional herbal and natural remedies remain popular in many countries, alongside a growing acceptance of Western OTC gastrointestinal drugs.
Global Gastrointestinal OTC Drugs Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
- Mylan N.V.
- Sandoz AG
- Johnson & Johnson Services
- Sun Pharmaceuticals Industries
- Teva Pharmaceuticals Industries
- Zydus Cadila
- Sanofi
- Bayer AG
- Pfizer Inc.
- Amneal Pharmaceutical Inc.
- Procter & Gamble
- Hikma Pharmaceutical PLC
- Perrigo Pharmaceutical Plc.
- Abbott
- Lupin
We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Gastrointestinal OTC Drugs Market Overview
3.1 Global Gastrointestinal OTC Drugs Market Historical Value (2017-2023)
3.2 Global Gastrointestinal OTC Drugs Market Forecast Value (2024-2032)
4 Global Gastrointestinal OTC Drugs Market Landscape
4.1 Global Gastrointestinal OTC Drugs Market: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Gastrointestinal OTC Drugs Market: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
4.2.3 Analysis by Applications
5 Global Gastrointestinal OTC Drugs Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter's Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Gastrointestinal OTC Drugs Market Segmentation
6.1 Global Gastrointestinal OTC Drugs Market by Class
6.1.1 Market Overview
6.1.2 Antacids
6.1.3 Anti-Diarrheal
6.1.4 Anti-Emetics
6.1.5 Laxatives
6.1.6 Others
6.2 Global Gastrointestinal OTC Drugs Market by Indication
6.2.1 Market Overview
6.2.2 Heartburn
6.2.3 Diarrhea
6.2.4 Constipation
6.2.5 Gastroesophageal Reflux Disease
6.2.6 Others
6.3 Global Gastrointestinal OTC Drugs Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Clinics
6.3.4 Home Healthcare
6.3.5 Others
6.4 Global Gastrointestinal OTC Drugs Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Gastrointestinal OTC Drugs Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Gastrointestinal OTC Drugs Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Gastrointestinal OTC Drugs Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Gastrointestinal OTC Drugs Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Gastrointestinal OTC Drugs Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Other
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 Mylan N.V.
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 Sandoz AG
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 Johnson & Johnson Services
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Sun Pharmaceuticals Industries
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 Teva Pharmaceuticals Industries
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Zydus Cadila
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Sanofi
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 Bayer AG
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 Pfizer Inc.
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
18.10 Amneal Pharmaceutical Inc.
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
18.10.5 Certifications
18.11 Procter & Gamble
18.11.1 Financial Analysis
18.11.2 Product Portfolio
18.11.3 Demographic Reach and Achievements
18.11.4 Mergers and Acquisitions
18.11.5 Certifications
18.12 Hikma Pharmaceutical PLC
18.12.1 Financial Analysis
18.12.2 Product Portfolio
18.12.3 Demographic Reach and Achievements
18.12.4 Mergers and Acquisitions
18.12.5 Certifications
18.13 Perrigo Pharmaceutical Plc.
18.13.1 Financial Analysis
18.13.2 Product Portfolio
18.13.3 Demographic Reach and Achievements
18.13.4 Mergers and Acquisitions
18.13.5 Certifications
18.14 Abbott
18.14.1 Financial Analysis
18.14.2 Product Portfolio
18.14.3 Demographic Reach and Achievements
18.14.4 Mergers and Acquisitions
18.14.5 Certifications
18.15 Lupin
18.15.1 Financial Analysis
18.15.2 Product Portfolio
18.15.3 Demographic Reach and Achievements
18.15.4 Mergers and Acquisitions
18.15.5 Certifications
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
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