Germany OTC Drugs Market is estimated to reach USD 8.17 billion by 2021 with a CAGR of 2.15%

According to the report Germany Over the Counter (OTC) Drugs Market, published by Market Data Forecast, The market has been estimated at USD 7.35 billion in 2016 and is projected to reach USD 8.17 billion by 2021, at a CAGR of 2.15% during the forecast period from 2016 to 2021.

Over the Counter (OTC) drugs can be dispensed without prescription of healthcare professionals. These drugs are safe & effective and can be bought at the pharmacies and local stores, over the counter. These drugs are occasionally used for common disease conditions (cold & flu, analgesia, cough, skin diseases, and other disease conditions). Most commonly marketing OTC drugs in Germany include Acetaminophen, Aspirin, Ibuprofen, Voltaren Gel, and Dorithricin, among others. OTC drugs are developed under OTC Monograph process or through New Drug Application (NDA) process. These drugs come with a monograph, on which the ingredients of the drug, recommended dosage and user instructions are written.

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Rising import of OTC drugs, increasing self-medication, growing healthcare awareness among public, and rising health care costs are some of the factors driving the growth of OTC drugs market in Germany. In addition, increasing number of chemists & pharma dispensaries and the key benefits offered by OTC drugs such as quick availability, affordability, ease of access, & customer-empowering qualities are further stimulating the growth of OTC medicines. However, lack of proper reimbursement policies, strict regulations for the import of the medicines including OTC drugs, complications involved in taking wrong medication due to lack of knowledge, and availability of other therapies (such as homeopathy) are expected to restrain the growth of OTC drugs market in Germany.

Germany Over the Counter (OTC) Drugs Market: Segmentation

Product Type                             

  • Analgesics
  • Cough, Cold and Flu Products
  • Vitamins and Minerals
  • Dermatological Products
  • Gastrointestinal Products
  • Ophthalmic Products
  • Sleep Aid Products
  • Weight Loss/Diet Products
  • Others

By Formulation Type                              

  • Tablets
  • Liquids
  • Ointments
  • Sprays

Distribution Channels                             

  • Pharmacies
  • Supermarkets/Hypermarkets
  • Convenience stores
  • Others (Online Drug Stores)

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Further, the market is segmented based on distribution channel such as Pharmacies/Drug Stores, Supermarkets/Hypermarkets, Convenience Stores, and Others (online drugstores). Among these, Pharmacies/Drug Stores segment commands the largest market share in Germany Over the Counter (OTC) drugs market, by distribution channel in 2016.

The major players in Germany Over the Counter (OTC) drugs market include Bayer AG (Germany), Johnson & Johnson (U.S.), Almirall S.A. (Spain), GlaxoSmithKline Plc (U.K.), Boehringer Ingelheim GmbH (Germany), PharmaFGP GmbH (Germany), OTC-Pharma Vertrich Gmbh (Germany), Novartis AG (Switzerland), Pfizer AG (Switzerland), and Sanofi S.A. (France).

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Reasons to buy Germany Over the Counter (OTC) Drugs Market Report:

  • Country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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