Worldwide OTC Cough, Cold, And Allergy Medicine Market Is Projected To Expand 1.7x Over The Decade

Healthcare

The global OTC cough, cold, and allergy medicine market was valued at US$ 36.92 billion in 2021Y, and is expected to rise 5.0% year on year in 2022, reaching US$ 38.96 billion. Furthermore, growth is predicted to accelerate at a staggering 5.5% CAGR from 2022 to 2032, reaching US$ 66.54 billion.

Over-the-counter pharmaceuticals are medicines that are offered directly to a consumer without the need for a prescription from a healthcare professional, as opposed to prescription drugs, which can only be supplied to consumers who have a valid prescription.

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OTC Cough, Cold and Allergy Medicine Market- Competitive Landscape

Prominent players in the OTC Cough, Cold and Allergy Medicine Industry are taking advantage of the rapidly increasing demand for the OTC Cough, Cold and Allergy Medicine in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

  • In July 2022, AFT Pharmaceuticals and RooLife Group revealed that they have launched a range of AFT’s over-the-counter (OTC) pharmaceuticals through their store on the China Cross Border E-Commerce (CBEC) online platform Tmall Global.
  • In June 2022, Glenmark Pharmaceuticals Ltd has acquired the approved generic versions of certain over-the-counter drugs from Wockhardt Ltd in the United States. The acquisition by the company’s fully-owned subsidiary Glenmark Pharmaceuticals Inc, includes the approved abbreviated new drug applications (ANDAs) for famotidine tablets, 10 mg and 20 mg used to treat and prevent ulcers in the stomach and intestine,
  • In June 2021, the FDA approved Astepro Allergy as an over the counter (OTC) drug for the brief alleviation of runny nose, nasal congestion, itchy nose, and other respiratory disorders, according to Bayer.

Key Segments Covered in the OTC Cough, Cold and Allergy Medicine Industry Survey

  • By Drug Type :

    • OTC Antihistamine
    • OTC Expectorants
    • OTC Bronchodilators
    • OTC Antibiotics
  •  By OTC Channel :

    • Pharmacies
    • Drug Store
    • Modern Trade
    • Online
  • By Dosage :

    • Capsules
    • Liquid
    • Tablets
    • Lozenges
    • Others
      • OTC Liquid Cough, Cold & Allergy Solutions
      • OTC Liquid Cough, Cold & Allergy Drops
      • OTC Liquid Cough, Cold & Allergy Granules
      • OTC Liquid Cough, Cold & Allergy Syrup
      • OTC Liquid Cough, Cold & Allergy Pills
  • By Application :

    • Babies
    • Adults
    • School-age Children
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • Middle East Africa

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