Asia-Pacific Over-the-counter (OTC) Drugs Market Trends

Statistics for the 2023 & 2024 Asia-Pacific Over-the-counter (OTC) Drugs market trends, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Over-the-counter (OTC) Drugs trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

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Team License

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Corporate License

$8750

Book before:

Market Trends of Asia-Pacific Over-the-counter (OTC) Drugs Industry

This section covers the major market trends shaping the APAC Over-the-Counter Drugs Market according to our research experts:

Cough, Cold, and Flu Products Segment May Hold Significant Market Share over the Forecast Period

The OTC market has been witnessing strong growth resulting from the rising demand from the consumers to self-medicate. In countries with high population, such as China and India, the patients mostly rely on their neighborhood chemist to prescribe the appropriate medicines for illnesses, such as cough, cold, nasal congestion, or fever. In India, the frequency of certain ailments, like common colds and headaches, is significantly high and inconsistent across states. At the same time, consumers are becoming more prone to seeking over-the-counter (OTC) remedies and medicines rather than checking in with their physicians. In India, consumers are found to be dependent on OTC for cough, cold, or flu medicines, as these drugs are believed to offer instant relief. Owing to their easy procurement, the sales of OTC drugs for cough, cold, and flu have increased. Furthermore, many countries in South Asia-Pacific and Japan have a large number of the elderly population who are more prone to diseases. Thus, this factor is also likely to drive the OTC drugs market in the future.

Asia-Pacific Over-the-counter (OTC) Drugs Market Size

Asia Pacific OTC Drugs Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)