The Spain OTC drugs market was valued at USD XX million in 2016 and is projected to reach a value of USD XX million by 2022, registering a CAGR of XX%, during 2017-2022 (the forecast period).
Over-the-counter (OTC) drugs are sold directly to the consumer without any prescription from a healthcare professional, unlike, prescription drugs, which can only be sold to consumers with a valid prescription. In many countries, these drugs are selected by a government regulatory agency, to ensure that the ingredients are safe and effective when used without a physician’s advice.
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Drivers for the Spain OTC Drugs Market Include:
- Product Innovation
- Increasing distribution channels for OTC drugs
- Pharmaceutical companies switching to OTC from Rx drugs
- Ease in advertising restrictions for these OTC drugs
Restraints for the Spain OTC Drugs Market Include:
- Incorrect self-diagnosis
- Concerns regarding probability of substance abuse of OTC drugs
The Spain OTC drugs market has been segmented on the basis of product type, which is sub-segmented into digestive products, vitamins, minerals and supplements, analgesics, cough and cold, and others.
The report provides a detailed overview of every segment of OTC drugs market, with in-depth analysis and company profiles of market major players, along with competitive landscape existing in the market.
Read more details of the research report at: Spain Over-The-Counter (OTC) Drugs Market-Growth, Trends and Forecasts (2017-2022)
Key players in the Spain OTC Drugs Market Include:
- Novartis International AG
- Sanofi S.A
- Pfizer Inc.
- GlaxoSmithKline Plc
- Reckitt Benckiser group Plc
- Takeda pharmaceutical company Ltd.
- Johnson & Johnson
- Market analysis, with region specific assessments and competition analysis
- Market definition, along with the identification of key drivers, restraints opportunities, and challenges.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a global and regional scale
- Extensively researched competitive landscape section with company profiles of key players, with the analysis of their current strategic interests and key financial information
- Identification and analysis of the macro and micro factors that affect the Spain OTC drugs market
- Market insights in the regions that have the highest potential for growth and identify the markets that are still untapped
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