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 reached a valuation of US$ 36.92 Billion in 2021Y, and is likely to register a Y-o-Y growth rate of 5.0% in 2022, closing at US$ 38.96 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 5.5% CAGR, reaching US$ 66.54 Billion.

Over-the-counter drugs are medicines sold directly to a consumer without a requirement for a prescription from a healthcare professional, as opposed to prescription drugs, which may be supplied only to consumers possessing 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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