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Pulished Date April, 2021
ID: 741
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China OTC Drugs Market Research Report - By Formulation Type, Product Type, Distribution - Analysis, Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 741
Pages: 135

China Over the Counter Drugs Market Size (2021 to 2026)

The Chinese Over the Counter Drugs Market was worth USD 19.39 billion in 2021 and estimated to reach USD 26.35 billion by the end of 2026 with a growing potential of 6.32%. China OTC Pharmaceuticals market accounts for 33.4% of the total Asia-Pacific OTC market.

The term over the counter (OTC) mentions to pharmaceuticals that are bought without any prescription over the counter. The OTC medicine market in China was characterized by a late start but accounted for the fastest growth, along with vast potential compared to that of the mature western countries OTC markets. OTC drug sales account for 16.8% of total pharmaceutical sales.

China now has the fastest development rate and the most significant potential in the over-the-counter drugs market compared to the mature western countries’ OTC markets. The sales of over-the-counter drugs account for 16.8% of overall pharmaceutical revenue. For more than two decades, the Chinese economy has maintained a high rate of growth, fuelled by consecutive increases in consumer demand, import and export, industrial output, and capital investments. 

In addition, the growing geriatric population is significantly contributing to the counter drugs market; the aged population has poorer immune systems, there will be a higher need for health services as the population ages, resulting in a more increased need for health services as the population ages, resulting in a higher incidence of illness. The senior population currently accounts for 40 to 50 percent of the OTC medicine market.

Increasing expanding healthcare expenditure, more outstanding manufacturing and export, and development and government investment for improved healthcare favor the OTC drugs market in China to grow further. In addition, the Affordability of the medicine is majorly driving the over-the-counter medicine market. Furthermore, the influx of novel pharmaceuticals into the market due to technology improvements is boosting the over-the-counter drugs market’s growth rate. 

On the other hand, the growing public awareness of OTC medicine applications in China is helping the market’s growth. Furthermore, increasing healthcare expenditures and strengthening the country’s constantly growing population and increased disposable income will likely provide profitable opportunities for market players throughout the forecast period. Furthermore, with an expanding number of pharmaceutical industries, drug stores, supermarkets, retail outlets, hospital pharmacies, and e-commerce, the country’s over-the-counter medicine market has various potential to grow.

Competition in China is key to a fierce among the significant companies aiming to penetrate the market, which is one factor limiting the market growth. In addition, the government has adopted an ambiguous attitude regarding OTC medications and is reticent to promote self-medication, whereas newcomers confront increased hazards.

This research report has been segmented & sub-segmented the Chinese OTC Drugs Market into the following categories:

  • By Formulation Type                              
    • Tablets      
    • Liquids      
    • Ointments               
    • Sprays       
  • By Product Type                       
    • Cough, Cold, and Flu Drugs
    • Analgesics
    • Dermatologicals    
    • Gastrointestinal Drugs
    • Antiseptics              
    • Anti-Allergy Drugs
    • Smoking Cessation Aids     
    • Ophthalmic Drugs
    • Vitamins and Minerals       
    • Sleep Aids             
    • Weight Loss/Diet Products            
    • Others (Ear Drops & Diuretics)     
  • By Distribution Channel                         
    • Pharmacies/Drugstores     
    • Supermarkets/Hypermarkets         
    • Convenience stores            
    • Others (Online Drugstores)   

The Chinese economy continues a high-speed growth that has been stirred by the successive increase of consumer consumption, import & export, industrial output, and capital investment for over two decades. In addition, the aging population will trigger a higher demand for health facilities since the elderly population has weaker immune systems, resulting in an increased incidence of sickness. Currently, the elderly population generates 40 to 50 percent of the OTC drug market.

Growing healthcare expenditure internally, increased manufacture and export, improvement, and government investment for better healthcare further accelerate the market’s growth rate. However, the factors restraining the growth of the market are that competition in China is key to a fierce among the major companies seeking to penetrate the market. Intricate knowledge of the region and pricing will decide who gets ahead. In contrast, newcomers face increasing risks. In addition, the government has implemented an ambivalent attitude towards OTC Products and is unwilling to promote self-medication.

KEY MARKET PLAYERS:

A few of the promising companies operating in the China OTC Pharmaceuticals market profiled in this report are Harbin Pharmaceutical Group, Jiangzhong Pharmaceutical Co., Ltd, Renhe (Group) Development Co., Ltd, Tianjin SK&F Pharmaceutical Co., Ltd, Wyeth Pharmaceutical, Xi'an-Janssen Pharmaceutical, Yangtze River Pharmaceutical Group, Yunnan Baiyao Group Co., Ltd, Zhejiang Conba Pharmaceutical Co., Ltd, GlaxoSmithKline, Bayer Beijing, and Novartis.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments               

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

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Formulation Type                              

                                5.1.1 Tablets      

                                5.1.2 Liquids      

                                5.1.3 Ointments               

                                5.1.4 Sprays       

                5.2 By Product Type                       

                                5.2.1 Cough, Cold and Flu Drugs

                                5.2.2 Analgesics

                                5.2.3 Dermatologicals    

                                5.2.4 Gastrointestinal Drugs

                                5.2.5 Antiseptics              

                                5.2.6 Anti-Allergy Drugs

                                5.2.7 Smoking Cessation Aids     

                                5.2.8 Ophthalmic Drugs

                                5.2.9 Vitamins and Minerals       

                                5.2.10 Sleep Aids             

                                5.2.11 Weight Loss/Diet Products            

                                5.2.12 Others (Ear Drops & Diuretics)     

                5.3 By Distribution Channel                         

                                5.3.1 Pharmacies/Drugstores     

                                5.3.2 Supermarkets/Hypermarkets         

                                5.3.3 Convenience stores            

                                5.3.4 Others (Online Drugstores)             

6. Strategic Analysis                                       

                6.1 PESTLE analysis                         

                                6.1.1 Political     

                                6.1.2 Economic 

                                6.1.3 Social         

                                6.1.4 Technological         

                                6.1.5 Legal          

                                6.1.6 Environmental       

                6.2 Porter’s Five analysis                              

                                6.2.1 Bargaining Power of Suppliers        

                                6.2.2 Bargaining Power of Consumers    

                                6.2.3 Threat of New Entrants     

                                6.2.4 Threat of Substitute Products and Services              

                                6.2.5 Competitive Rivalry within the Industry     

7. Market Leaders' Analysis                                        

                7.1 Xi'an-Janssen Pharmaceutical                             

                                7.1.1 Overview 

                                7.1.2 Product Analysis   

                                7.1.3 Strategic Evaluation and Operations            

                                7.1.4 Financial analysis  

                                7.1.5 Legal issues             

                                7.1.6 Recent Developments       

                                7.1.7 SWOT analysis       

                                7.1.8 Analyst View          

                7.2 Harbin Pharmaceutical Group                             

                7.3 Jiangzhong Pharmaceutical Co., Ltd                 

                7.4 GlaxoSmithKline                       

                7.5 Renhe (Group) Development Co., Ltd                            

                7.6 Tianjin SK&F Pharmaceutical Co., Ltd                               

                7.7 Wyeth Pharmaceutical                          

                7.8 Yangtze River Pharmaceutical Group                               

                7.9 Yunnan Baiyao Group Co., Ltd                            

                7.10 Zhejiang Conba Pharmaceutical Co., Ltd                      

                7.11 Bayer Beijing                           

                7.12 Novartis                     

8. Competitive Landscape                                           

                8.1 Market share analysis                            

                8.2 Merger and Acquisition Analysis                       

                8.3 Agreements, collaborations and Joint Ventures                         

                8.4 New Product Launches                         

9. Expert Opinions                                          

                9.1 Market Outlook                        

                9.2 Investment Opportunities                   

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • 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
  1. China Over the Counter (OTC) Drugs Market, By Region, From 2021 to 2026 (USD Million)
  2. China Over the Counter (OTC) Drugs Market, By Product Type, From 2021 to 2026 (USD Million)
  3. China Analgesics Market, By Region, From 2021 to 2026 (USD Million)
  4. China Cough Market, By Region, From 2021 to 2026 (USD Million)
  5. China Cold and Flu Products Market, By Region, From 2021 to 2026 (USD Million)
  6. China Dermatological Products Market, By Region, From 2021 to 2026 (USD Million)
  7. China Gastrointestinal Products Market, By Region, From 2021 to 2026 (USD Million)
  8. China Vitamins Market, By Region, From 2021 to 2026 (USD Million)
  9. China Minerals Market, By Region, From 2021 to 2026 (USD Million)
  10. China Weight Loss Products Market, By Region, From 2021 to 2026 (USD Million)
  11. China Sleep Aids Market, By Region, From 2021 to 2026 (USD Million)
  12. China Ophthalmic Products Market, By Region, From 2021 to 2026 (USD Million)
  13. China Smoking Cession Aids Market, By Region, From 2021 to 2026 (USD Million)
  14. China Other Products Market, By Region, From 2021 to 2026 (USD Million)

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