According to the report “Germany Over the Counter (OTC) Drugs“, published by Market Data Forecast, the market is projected to reach USD 8.17 billion by 2021, at a CAGR of 2.15% from 2016 to 2021.
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Drugs that are safe and effective for use by the general public without a prescription are defined as over-the-counter (OTC) drugs. Some OTC medicines relieve aches, pains and itches. Some prevent or cure diseases, like tooth decay and athlete’s foot. Others help manage recurring problems, like migraines. OTC medications can carry risk. There is the possibility of side effects, drug or food interactions, or harm due to excessive doses.
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Germany Over the Counter (OTC) drugs market is expected to grow due to rising import of OTC drugs, increasing self-medication, growing healthcare awareness among public, and rising health care costs. In addition, increasing number of chemists & pharma dispensaries and the key benefits offered by OTC drugs such as quick availability, affordability, ease of access, & customer-empowering qualities are further stimulating the growth of OTC medicines.
1) By Formulation Type:
2) By Product Type:
• Cough, Cold and Flu Drugs
• Gastrointestinal Drugs
• Anti-Allergy Drugs
• Smoking Cessation Aids
• Ophthalmic Drugs
• Vitamins and Minerals
• Sleep Aids
• Weight Loss/Diet Products
• Others (Ear Drops & Diuretics)
3) By Distribution Channel
• Convenience stores
• Others (Online Drugstores)
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The major players in Germany Over the Counter (OTC) drugs market include Bayer AG (Germany), Johnson & Johnson (U.S.), Almirall S.A. (Spain), GlaxoSmithKline Plc (U.K.), Boehringer Ingelheim GmbH (Germany), PharmaFGP GmbH (Germany), OTC-Pharma Vertrich Gmbh (Germany), Novartis AG (Switzerland), Pfizer AG (Switzerland), and Sanofi S.A. (France).
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