The North American OTC drug market is anticipated to grow at a CAGR of 6.2% during the forecast period. The market growth is attributed to the increasing use of OTC drugs by the population in the region. According to the Consumer Healthcare Products Association 2019, around 93% of the Americans prefer to treat their minor ailments with OTC drugs before seeking professional care. In addition, the availability of OTC drugs on online distribution channels tends to create an opportunity for the regional growth of the market in the near future.

The North American OTC drugs market is segmented based on product type and distribution channels. Based on the product type, the market is sub-segmented into the analgesics & pain relievers; cough, cold & flu products; vitamin & mineral supplements; ophthalmic products; and others. Vitamin & mineral supplements segment is estimated to exhibit a considerable growth rate during the forecast period owing to the increasing awareness among the general population regarding health.

Based on the distribution channel, the market is bifurcated into retail & supermarkets, and online platform. The online distribution channel is estimated to grow at a significant rate during the forecast period owing to the growing e-commerce industry coupled with increasing internet penetration. Further, the report covers the country-level analysis of the US and Canada.

Moreover, the study of the North American OTC drugs market report covers the analysis of various players operating in the market. Some of the key players covered in the report include Amgen Inc., Bristol-Myers Squibb Co., Johnson & Johnson Services Inc., Bayer AG, Pfizer Inc., and others.

Research Methodology

The market study of the North American OTC drugs market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for the drug manufacturers, pharmaceutical excipient manufacturers, API manufacturers, industry associates & experts, pharmaceutical companies, pharmacies, government organizations, regulatory bodies, research institutes, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American OTC Drugs Market Research and Analysis by Product Type
2. North American OTC Drugs Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the North American OTC drugs market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American OTC drugs market.
• Insights about market determinants which are stimulating the North American OTC drugs market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.