Press release
New report: Over-the-Counter Pain Medication Market outlook for 2019 | Pfizer, Inc., Johnson & Johnson Services, Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline plc
The OTC (over-the-counter) pain medication market surpassed US$ 18 billion in 2018, with growth influenced by changing perceptions on generic pharmaceutical drugs, according to a recent study published by Future Market Insights (FMI). The study opines that market revenue will rev up at an improved rate of 3.7% to exceed US$ 19.3 billion in 2019. FMI analyzes various aspects of market growth influencing the OTC pain medication market.
Many consumers are making a shift to generic drugs to reduce total spending on non-prescription or OTC pain medication. Various governing bodies, such as the United States Food and Drug Administration (FDA), have implemented stringent regulations and labeling rules to ensure the safety and effectiveness of OTC pain medications. Leading players in the OTC pain medication market are collaborating with generic drug-makers to capitalize on the trend of consumer inclination towards generic versions of branded OTC pain medications, finds FMI.
Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8947
The FMI study features valuable and actionable insights obtained through thorough research on OTC pain medication market. Some of the insights mentioned in the study are,
Growing geriatric population and prevalence of chronic pain-related disorders among the elderly population is bolstering sales of OTC pain medications.
Over 20% of the adult population of the world is already suffering from pain-related disorders and new cased of pain-related problems are reported by over 10% of the global population, which is increasing significantly every years. This is providing an impetus to growth of the OTC pain medication market.
Increasing awareness about the side effects of pain killers, such as stomach ulcers and gastrointestinal problems, may hamper the OTC pain medication market growth.
Developed countries will dominate the OTC pain medications market with more than half the revenue share of the market. However, developing countries in Southeast Asia will witness fastest growth in the OTC pain medication market with rapidly developing pharmaceuticals and healthcare sector in the region.
Acetaminophen Drugs Hold Majority Share in OTC Pain Medication Market
The FMI study thoroughly assesses growth of the OTC pain medication market based on various drug classes, such as Nonsteroidal anti-inflammatory drugs (NSAIDS), acetaminophen, and local anesthetics. The study finds that acetaminophens are among the most commonly purchased OTC pain medication, and this drug class holds 45% share in the revenues of OTC pain medication market. As acetaminophen is considered as a safer pain medication than other pain relievers, its demand will continue to remain high in the upcoming years, opines the FMI study.
The Consumer Healthcare Products Association (CHPA), an American trade association, recently published a study on the misuse of acetaminophen-based OTC combination products. The study found that a 28 percent decline was recorded in therapeutic misuse exposures involving acetaminophen-containing OTC combination products. The incidents of acetaminophen misuse decreased from 8,753 to 6,278 between 2007 and 2016, which is a substantial evidence for the safety and effectiveness of acetaminophen-containing OTC pain medications.
Thereby, the FMI study opines that the acetaminophen drugs will maintain a maximum share of over US$ 8.7 billion in the OTC pain medication market through 2019, and the trend will continue to persist in the coming future.
Governments take Initiatives to Spread Awareness about Safe Use of OTC Pain Medications
Despite the increasing reliance on OTC pain medications, a large consumer group is still skeptical about their effectiveness and positive impacts on health. In order to help consumers to avoid incorrect use of OTC pain medications, many governing bodies including FDA have developed guidelines and tips for patients for choosing appropriate OTC pain medications. Consumers are becoming conscious about the drug fact labeling (DFL) requirements and other regulations vis-à-vis OTC pain medications, which is influencing major dynamics of the OTC pain medication market, projects the FMI study.
A Methodology of this Report is Available upon Request @ https://www.futuremarketinsights.com/askus/rep-gb-8947
The study provides a futuristic overview of the OTC pain medication market with important information about growth prospects of the market during the forecast period 2018-2028. The study predicts that the OTC pain medication market will witness healthy growth at a healthy 4.5% value CAGR to reach US$ 13 billion by the end of the assessment period.
Over The Counter Pain Medication Market Reports - Table of Contents
1. Executive Summary
Market Overview
Market Analysis
Technology Roadmap
FMI Analysis and Recommendations
2. Market Introduction
Market Introduction
Market Taxonomy
Market Definition
Inclusions and Exclusions
3. Over-the-Counter Pain Medication Market Opportunity Analysis
Macro-Economic Factors
Opportunity Analysis
4. Market Background
Market Dynamics
Drivers
Restraints
Key Trends
5. Global Economic Outlook
Gross Domestic Product by Region & Country, 2006 – 2021
6. Global Over-the-Counter Pain Medication Market Analysis 2013–2017 and Forecast 2018–2028, By Region
Introduction / Key Findings
Historical Market Size (US$ Mn) Trend Analysis by Region, 2013–2017
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa
Market Size (US$ Mn) Forecast By Region, 2018–2028
Market Attractiveness Analysis by Region
7. Global Over-the-Counter Pain Medication Market Analysis 2013–2017 and Forecast 2018–2028, By Drug Class
Introduction
Historical Market Size (US$ Mn) Trend Analysis by Drug Class, 2013–2017
Non-steroidal anti-inflammatory drugs (NSAIDs)
Local Anaesthetics
Acetaminophen
Market Size (US$ Mn) Forecast By Drug Class, 2018–2028
Market Attractiveness Analysis by Drug Class
8. Global Over-the-Counter Pain Medication Market Analysis 2013–2017 and Forecast 2018–2028, By Route of Administration
Introduction
Historical Market Size (US$ Mn) Trend Analysis by Route of Administration, 2013–2017
Oral
Tropical
Others
Request to Browse Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-8947
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Blog: http://keepfacts.com/
Web: https://www.futuremarketinsights.com/
Many consumers are making a shift to generic drugs to reduce total spending on non-prescription or OTC pain medication. Various governing bodies, such as the United States Food and Drug Administration (FDA), have implemented stringent regulations and labeling rules to ensure the safety and effectiveness of OTC pain medications. Leading players in the OTC pain medication market are collaborating with generic drug-makers to capitalize on the trend of consumer inclination towards generic versions of branded OTC pain medications, finds FMI.
Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8947
The FMI study features valuable and actionable insights obtained through thorough research on OTC pain medication market. Some of the insights mentioned in the study are,
Growing geriatric population and prevalence of chronic pain-related disorders among the elderly population is bolstering sales of OTC pain medications.
Over 20% of the adult population of the world is already suffering from pain-related disorders and new cased of pain-related problems are reported by over 10% of the global population, which is increasing significantly every years. This is providing an impetus to growth of the OTC pain medication market.
Increasing awareness about the side effects of pain killers, such as stomach ulcers and gastrointestinal problems, may hamper the OTC pain medication market growth.
Developed countries will dominate the OTC pain medications market with more than half the revenue share of the market. However, developing countries in Southeast Asia will witness fastest growth in the OTC pain medication market with rapidly developing pharmaceuticals and healthcare sector in the region.
Acetaminophen Drugs Hold Majority Share in OTC Pain Medication Market
The FMI study thoroughly assesses growth of the OTC pain medication market based on various drug classes, such as Nonsteroidal anti-inflammatory drugs (NSAIDS), acetaminophen, and local anesthetics. The study finds that acetaminophens are among the most commonly purchased OTC pain medication, and this drug class holds 45% share in the revenues of OTC pain medication market. As acetaminophen is considered as a safer pain medication than other pain relievers, its demand will continue to remain high in the upcoming years, opines the FMI study.
The Consumer Healthcare Products Association (CHPA), an American trade association, recently published a study on the misuse of acetaminophen-based OTC combination products. The study found that a 28 percent decline was recorded in therapeutic misuse exposures involving acetaminophen-containing OTC combination products. The incidents of acetaminophen misuse decreased from 8,753 to 6,278 between 2007 and 2016, which is a substantial evidence for the safety and effectiveness of acetaminophen-containing OTC pain medications.
Thereby, the FMI study opines that the acetaminophen drugs will maintain a maximum share of over US$ 8.7 billion in the OTC pain medication market through 2019, and the trend will continue to persist in the coming future.
Governments take Initiatives to Spread Awareness about Safe Use of OTC Pain Medications
Despite the increasing reliance on OTC pain medications, a large consumer group is still skeptical about their effectiveness and positive impacts on health. In order to help consumers to avoid incorrect use of OTC pain medications, many governing bodies including FDA have developed guidelines and tips for patients for choosing appropriate OTC pain medications. Consumers are becoming conscious about the drug fact labeling (DFL) requirements and other regulations vis-à-vis OTC pain medications, which is influencing major dynamics of the OTC pain medication market, projects the FMI study.
A Methodology of this Report is Available upon Request @ https://www.futuremarketinsights.com/askus/rep-gb-8947
The study provides a futuristic overview of the OTC pain medication market with important information about growth prospects of the market during the forecast period 2018-2028. The study predicts that the OTC pain medication market will witness healthy growth at a healthy 4.5% value CAGR to reach US$ 13 billion by the end of the assessment period.
Over The Counter Pain Medication Market Reports - Table of Contents
1. Executive Summary
Market Overview
Market Analysis
Technology Roadmap
FMI Analysis and Recommendations
2. Market Introduction
Market Introduction
Market Taxonomy
Market Definition
Inclusions and Exclusions
3. Over-the-Counter Pain Medication Market Opportunity Analysis
Macro-Economic Factors
Opportunity Analysis
4. Market Background
Market Dynamics
Drivers
Restraints
Key Trends
5. Global Economic Outlook
Gross Domestic Product by Region & Country, 2006 – 2021
6. Global Over-the-Counter Pain Medication Market Analysis 2013–2017 and Forecast 2018–2028, By Region
Introduction / Key Findings
Historical Market Size (US$ Mn) Trend Analysis by Region, 2013–2017
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa
Market Size (US$ Mn) Forecast By Region, 2018–2028
Market Attractiveness Analysis by Region
7. Global Over-the-Counter Pain Medication Market Analysis 2013–2017 and Forecast 2018–2028, By Drug Class
Introduction
Historical Market Size (US$ Mn) Trend Analysis by Drug Class, 2013–2017
Non-steroidal anti-inflammatory drugs (NSAIDs)
Local Anaesthetics
Acetaminophen
Market Size (US$ Mn) Forecast By Drug Class, 2018–2028
Market Attractiveness Analysis by Drug Class
8. Global Over-the-Counter Pain Medication Market Analysis 2013–2017 and Forecast 2018–2028, By Route of Administration
Introduction
Historical Market Size (US$ Mn) Trend Analysis by Route of Administration, 2013–2017
Oral
Tropical
Others
Request to Browse Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-8947
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Blog: http://keepfacts.com/
Web: https://www.futuremarketinsights.com/
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
