China Over the Counter Drugs Market Research and Industry Growth Forecasts 2016-2021

According to the report “China Over the Counter Drugs Market”, published by Market Data Forecast, the China market is projected to reach USD 24.78 Billion by 2021, at a CAGR of 6.32% from 2016 to 2021.

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China Over the Counter Drugs market has a share of 33.4 % of total Asia-Pacific OTC market. Accessibility, Affordability, Faith, and Authorization are the four aspects that value the OTC drugs that provide consumers and healthcare system of a nation. OTC drugs sales accounts to 16.8% of total pharmaceutical sales. Currently, elderly population generates 40 to 50 percent of the OTC drug market.

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Major factors that are influencing the growth of the market are increased urbanization, aging population, growing healthcare expenditure internally, lifestyle diseases, the major problem that is restraining the growth of the market is the government has implemented an ambivalent attitude towards OTC Products and is unwilling to promote self-medication.

Segmentation:

Based on Formulation:

• Tablets
• Liquids
• Ointments
• Sprays

Based on Product type:

• Cough, Cold and Flu Drugs
• Analgesics
• Dermatologics
• Gastrointestinal Drugs
• Antiseptics
• Anti-Allergy Drugs
• Smoking Cessation Aids
• Ophthalmic
• Vitamins and Minerals
• Sleep Aids
• Weight Loss/Diet Drugs
• Others (Ear Drops & Diuretics)

Based on distribution channels:

• Pharmacies/Drug Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Others (Online Drugstores)

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Key players that are influencing the OTC Pharmaceutical Market in China are Harbin Pharmaceutical Group, Jiangzhong Pharmaceutical Co., Ltd, Renhe (Group) Development Co., Ltd, Tianjin SK&F Pharmaceutical Co., Ltd, Wyeth Pharmaceutical, Xi’an-Janssen Pharmaceutical, Yangtze River Pharmaceutical Group, Yunnan Baiyao Group Co., Ltd, Zhejiang Conba Pharmaceutical Co., Ltd, GlaxoSmithKline, Bayer Beijing, Novartis.

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