Latin America OTC Drugs Industry value worth USD 26.73 Bn by 2021

According to the report Latin America OTC Drugs Industry, published by Market Data Forecast, The Industry in Latin America region has been estimated at USD 18.44 billion in 2016 and is projected to reach USD 26.73 billion by 2021, at a CAGR of 7.71% during the forecast period from 2016 to 2021. Brazil, Mexico and Argentina are the leading contributors to the Latin America OTC drugs Industry

Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a prescription from a healthcare professional, as compared to prescription drugs, which may be sold only to consumers possessing a valid prescription. Some drugs may be legally classified as over-the-counter (i.e. no prescription is required), but may only be dispensed by a pharmacist after an assessment of the patient’s needs or the provision of patient education.

Browse Industry data tables and in-depth TOC of the Latin America OTC Drugs Industry to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-over-the-counter-drugs-market-513/

Increasing adoption of western lifestyles and growing prosperities is leading to increase in Industry size and OTC demand. Promotion and Industrying initiatives will be a key trend for Industry growth in the forecast period for this region. The growing healthcare costs and an increase in the older population demand the need for better accessibility and affordability of healthcare services. Self-medication with non-prescription drugs play an important role in this and help in improving the accessibility and cost-benefits of healthcare services.

GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi and Takeda are the leading companies that contribute to Latin America Industry.

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Key Points from Table of Contents

Overview

  • Executive Summary
  • Key Inferences
  • New Developments

Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

Latin America OTC Drugs Industry: 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
    • SuperIndustrys/HyperIndustrys
    • Convenience stores
    • Others (Online Drug Stores)

Geographical Analysis

Brazil

Mexico

Argentina

Rest of Latin America

Strategic Analysis

  • PESTLE analysis
  • Porter’s Five analysis

Industry Leaders’ Analysis

Competitive Landscape

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