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Taiwan Over the Counter Drugs Market Survey, Trend Analysis and Opportunity Assessment

Sunday, October 16, 2016 23:25
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(Before It's News)

According to the report “Taiwan Over the Counter Drugs Market”, published by Market Data Forecast, the Taiwan market is projected to reach USD 2.39 billion by 2021, at a CAGR of 5.82% from 2016 to 2021.

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Taiwan Over the Counter Drugs market has a share of 3.5% of total Asia-Pacific OTC market. The term ‘’Over the counter’’ mentions to pharmaceuticals, which are bought across the counter without any need of physicians prescription.OTC Drugs provide affordable treatment for both Customers and Nation’s health care system.

Free sample for the report is available at

The Major factors that are driving the growth of Over the Counter Drugs market in Taiwan are lower cost of OTC Medicines compared to Prescription Medicines, High preference of using OTC drugs for minor ailments. The cost sensitivity of production is the major factor that is restraining the growth of market.

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1) Based on Formulation:

• Tablets
• Liquids
• Ointments
• Sprays

2) 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) 

3) Based on distribution channels:
• Pharmacies/Drug Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Others (Online Drugstores)

Enquire more about the report at

Key players influencing the Over the Counter Drugs Market in Taiwan are Johnson &Johnson, Sinphar pharmaceutical co ltd, China Chemical & Pharmaceutical Co., Ltd, Daiichi Sankyo Co, ltd, Glaxo smithkline, Bayer Health care, Merck Ltd, Novartis. 

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About Market Data Forecast:

Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organisation that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

Contact Us:

Market Data Forecast, Inc.
Jubilee Gardens,
Hyderabad, India.
+1-888-702-9626 (U.S. TOLL FREE) 

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