Global OTC Topical Drugs Market to Reach $70.4 Billion by 2028 at a CAGR of 7.1% – GlobeNewswire

| Source: Research and Markets Research and Markets
Dublin, IRELAND
Dublin, Oct. 18, 2022 (GLOBE NEWSWIRE) — The “Global OTC Topical Drugs Market (2022 Edition) – Analysis By Drug Class, Indication, End User, Formulation, Distribution Channel, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2023-2028)” report has been added to ResearchAndMarkets.com’s offering.

According to a research report published in August 2022, the Global OTC Topical drugs market was valued at USD 44.6 billion in the year 2021. The global OTC Topical Drugs Market is driven by an increasing number of skin diseases and the prevalence of musculoskeletal pain across the globe.
In addition, an increase in health expenditure, a growing population, an increasingly ageing population, and increasing disposable income in several developing countries are the factors anticipated to propel the growth of the global OTC topical drugs market.

Additionally, life expectancy has increased due to various health care reforms in major economies such as the U.S., Japan, and China. This is likely to drive demand for many OTC topical drugs for optic, ophthalmic, skin diseases and chronic pain conditions which are highly prevalent in the ageing population. Asia-Pacific region is anticipated to grow at the fastest rate during the forecast period owing to the rising investments in the healthcare industry by private companies in developing countries such as China and India.

The leading pharmaceutical companies in the OTC Topical Drugs market are focusing on introducing and receiving medical approval for famous prescription topical drugs under the OTC category with the same dosage form, population, and route of administration. This strategy reduces crowding in the prescription portfolio of the company and brings new products to the OTC category, as well as extending the market life of mature prescription drugs. In the last three years, around eight prescription drugs have been approved for OTC by the U.S. FDA including the latest approval of Nasonex 24HR Allergy in March 2022.

Scope of the Report:
Key Target Audience:
Key Topics Covered:

1. Report Scope and Methodology
2. Strategic Recommendations

3. OTC Topical Drugs Market: Product Overview

4. Global OTC Topical Drugs Market: An Analysis

5. Global OTC Topical Drugs Market: Segment Analysis By Drug Class

6. 6. Global OTC Topical Drugs Market: Segment Analysis By Indication
7. Global OTC Topical Drugs Market: Segment Analysis By End User

8. Global OTC Topical Drugs Market: Segment Analysis
9. Global OTC Topical Drugs Market: Segment Analysis
10. Global OTC Topical Drugs Market: Regional Analysis
11. Americas OTC Topical Drugs Market: An Analysis (2018-2028)

12. Europe OTC Topical Drugs Market: An Analysis (2018-2028)

13. APAC OTC Topical Drugs Market: An Analysis (2018-2028)

14. Middle East and Africa OTC Topical Drugs Market : An Analysis (2018-2028)

15. Global OTC Topical Drugs Market Dynamics

16. Market Attractiveness and Strategic Analysis

17. Competitive Landscape

18. Company Profiles (Business Description, Financial Analysis, Business Strategy)

For more information about this report visit https://www.researchandmarkets.com/r/mb9sp1
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