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Pulished Date July, 2021
ID: 11852
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Global Consumer Healthcare Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product, Distribution Network & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)- Industry Forecast (2021 to 2026)

Pulished: July, 2021
ID: 11852
Pages: 190

Global Consumer Healthcare Market Size (2021 to 2026)

The size of the global consumer healthcare market is forecasted to be worth USD 301.4 billion by 2026 and growing at a CAGR of 7.2% during the forecast period.

Consumer healthcare is a healthcare industry branch that deals with wellness, nutrition, and skincare products. These consumer healthcare goods also include “over-the-counter” (OTC) medications available without a prescription from a licensed physician. Consumer healthcare products can be easily found in departmental stores, independent retailers, pharmacies or drugstores, specialist retailers, supermarkets, or hypermarkets. These medicines are used to treat illnesses including pain, cough, itching, and colds, sleeping issues, gastrointestinal issues, quitting smoking, weight difficulties, and tooth decay, all of which do not always necessitate a doctor.

MARKET DRIVERS:

Rising inclination towards self-medication fuels the global consumer healthcare market.

The modern customer is health-conscious. They're looking for new ways to maintain their health. As a result, they choose self-medication over other medications. Hence the demand for consumer healthcare was fuelled by preventative healthcare products such as over-the-counter (OTC). Consumer healthcare products, such as OTC products, do not require a prescription from a healthcare provider and can be purchased at any shop or pharmacy. Self-medication also provides easy access to OTC drugs at a reduced cost, which can be cheaper and faster than costly and time-consuming clinical consultations. For example, patients suffering from a clogged nose, cold, nasal congestion, or cough can easily walk into a store and get inhalers, pills, or balms. Besides, even in rural regions, these self-medication consumer healthcare products are readily available. Vitamins, nutrition, weight control, and fortified foods and beverages were among the other wellness categories that health-conscious customers demanded. In addition, this self-medication relieves financial and medical support pressures on customers. As a result, the consumer healthcare sector is seeing significant development.

The increasing trend of online resources is further expected to accelerate the global consumer healthcare market growth.

The demands and behaviors of consumers are evolving throughout time. To stay relevant, the industry-changing quickly and find innovative methods to fulfill shifting customer expectations, all while contending with aggressive and creative new market entrants in the OTC medications, nutritional supplements, and personal care industries. These findings are reflected in the utilization of online resources and e-commerce sites. Consumers also prefer web-based media to buy medication and nutritional items as a result of digitalization. Such websites as healthkart.com, vitacost.com, and vivavitamins.com sell various vitamin health drinks, protein smoothies, and supplements online. Additionally, some websites feature live interactive chat sessions to provide immediate assistance to those who have difficulty purchasing such items. Consumers are further empowered by technology developments such as wearables and virtual care, such as video chats with doctors, which allow people to identify answers independently. According to Slice Intelligence, vitamin and supplement transactions are growing rapidly. The category is growing at a rate that is 12 % than the e-commerce average in 2019. According to Statista, revenue from the e-commerce personal care sector in the United States alone is estimated to cross $31.9 billion in 2020. This growing tendency is driving the consumer healthcare industry.

MARKET RESTRAINTS:

Abuse and misuse of consumer healthcare products by consumers are expected to affect the growth rate of the global consumer healthcare market. A consumer's misuse or abuse of a product has been nothing uncommon. Many customers utilize products in unusual ways or in ways that are not intended. For example, the Consumer Healthcare Products Association (CHPA) discovered that a small but growing number of people are misusing loperamide in an attempt to self-manage opiate withdrawal or attain a euphoric high. In addition, there have been instances of people abusing over-the-counter (OTC) medications for recreational purposes. Even though the user did not utilize the goods as intended, a manufacturer may be held responsible for damage caused by the product in several situations. Similarly, government entities were obliged to impose various rules that may impact the consumer healthcare industry.

Impact of COVID-19 on the global consumer healthcare market:

COVID-19 outbreaks boost the sales of consumer healthcare products. As the mortality rate of COVID-19 rises, consumers become more health aware. Patients opt to receive treatment as soon as possible, even if they suffer from a mild sickness. The COVID-19 pandemic has had a major influence on people's behavior and attitudes about self-care, according to research released by GSK Consumer Healthcare and IPSOS on July 20, 2020. The sale of nutritional and health goods is at an all-time high, especially in pandemic situations. Multivitamins have become more popular among consumers as a way to stay healthy. Zincovit sales climbed by 93 percent in 2020, with 54 crore tablets sold, while Vitamin C sales jumped by 110 percent, with about 185 crore pills sold in India. To build immunity against Covid-19, sales of zinc supplement Zincovit increased by 93%, with a total of 54 crore tablets sold in 2020, while that of Vitamin C grew 110%, with around 185 crore pills being sold in India.

In addition, maintaining hygiene has become an important component of combating covid – 19, which has resulted in a growth in the sale of skin health goods. Many businesses are turning to internet sales channels to boost their revenues due to travel restrictions and social isolation. People are becoming more cautious and avoiding going to physicians and medical stores as much as possible to perform social distancing techniques to prevent the spread of the disease. As a result, internet sales are increasing. Furthermore, several OTC categories, such as systemic analgesics, have profited from customer desire for medicines that provide immediate comfort in times of uncertainty and worry.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Product, Distribution Network & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global consumer healthcare market has been segmented and sub-segmented based on product, distribution network & region.

Consumer Healthcare Market – By Product:

  • OTC Pharmaceuticals
  • Dietary Supplements

Consumer Healthcare Market – By Distribution Network:

  • Departmental Stores
  • Independent Retailers
  • Pharmacies or Drugstores
  • Specialist Retailers
  • Supermarkets or Hypermarkets

Consumer Healthcare Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

KEY MARKET PARTICIPANTS:

A few of the promising companies operating in the consumer healthcare market profiled in this report are Johnson & Johnson, Boehringer Ingelheim GmbH, GlaxoSmithKline plc, Amway, Bayer AG, Pfizer Inc., Abbott Laboratories, Sanofi, BASF SE, DSM, American Health, Herbalife, The Himalaya Drug Company, Kellogg, Takeda Pharmaceuticals and Teva Pharmaceuticals.

These players are majorly focusing on key strategies like launch, acquisition, and partnerships.

RECENT MARKET DEVELOPMENTS:

  • On 4 June 2021, Bayer, a multinational life sciences company, has established its Consumer Health business in India, which includes ten products in allergy, dermatology, nutrition, and analgesics. Saridon, Supradyn, Becozym C Forte, Benadon, Alaspan, Canesten, and Bayer's Tonic are among these brands. In a statement, Bayer stated that these goods would be manufactured in India.
  • On 24 August 2020, Takeda Consumer Healthcare Company Limited, a subsidiary of Takeda Pharmaceutical Company Limited and a prominent seller of over-the-counter medications in Japan, has entered into a final agreement to be acquired by The Blackstone Group Inc. and its affiliates.
  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions
    4. Base Currency, Base Year and Forecast Periods
  2. Research Methodology
    1. Analysis Design
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Data Modelling
      4. Expert Validation
    3. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking
      1. Market share analysis
      2. Products/Service
      3. Regional Presence
    2. Mergers & Acquisition Landscape
    3. Joint Ventures & Collaborations
  6. Market Segmentation
    1. Consumer Healthcare Market, By Product
      1. OTC Pharmaceuticals
      2. Dietary Supplements
      3. Market Size Estimations & Forecasts (2021-2026)
      4. Y-o-Y Growth Rate Analysis
      5. Market Attractiveness Index
    2. Consumer Healthcare Market, By Distribution Network
      1. Departmental Stores
      2. Independent Retailers
      3. Pharmacies or Drugstores
      4. Specialist Retailers
      5. Supermarkets or Hypermarkets
      6. Market Size Estimations & Forecasts (2021-2026)
      7. Y-o-Y Growth Rate Analysis
      8. Market Attractiveness Index
  7. Geographical Landscape
    1. Global Consumer Healthcare Market, by Region
    2. North America - Market Analysis (2021 to 2026)
      1. By Country
        1. USA
        2. Canada
    3. Europe                                                   
      1. By Country
        1. UK
        2. France
        3. Germany
        4. Spain
        5. Italy
        6. Rest of Europe
    4. Asia Pacific                                             
      1. By Country
        1. China                  
        2. India
        3. Japan                  
        4. South Korea
        5. Southeast Asia
        6. Australia & NZ
        7. Rest of Asia- Pacific
    5. Latin America
      1. By Country
        1. Brazil
        2. Argentina
        3. Mexico                
        4. Rest of Latin America
    6. The Middle East and Africa
      1. By Country
        1. Middle East
        2. Africa
  8. Key Player Analysis
    1. Johnson & Johnson
      1. Business Description
      2. Products/Service
      3. Financials                             
      4. SWOT Analysis
      5. Recent Developments
      6. Analyst Overview
    2. Boehringer Ingelheim GmbH
    3. GlaxoSmithKline plc
    4. Amway
    5. Bayer AG
    6. Pfizer Inc.
    7. Abbott Laboratories
    8. Sanofi
    9. Teva Pharmaceutical Industries Ltd.
    10. BASF SE
    11. DSM
    12. American Health
    13. Herbalife
    14. The Himalaya Drug Company
    15. Kellogg
    16. Takeda Pharmaceuticals
  9. Market Outlook & Investment Opportunities
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Global and 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 product and distribution network 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. Global Consumer Healthcare Market, By Region, From 2021 to 2026 (USD Billion)
  2. Global Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  3. Global OTC Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Billion)
  4. Global Dietary Supplements Market, By Region, From 2021 to 2026 (USD Billion)
  5. Global Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  6. Global Departmental Stores Market, By Region, From 2021 to 2026 (USD Billion)
  7. Global Independent Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  8. Global Pharmacies or Drugstores Market, By Region, From 2021 to 2026 (USD Billion)
  9. Global Specialist Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  10. Global Supermarkets or Hypermarkets Market, By Region, From 2021 to 2026 (USD Billion)
  11. North America Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  12. North America OTC Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Dietary Supplements Market, By Region, From 2021 to 2026 (USD Billion)
  14. North America Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  15. North America Departmental Stores Market, By Region, From 2021 to 2026 (USD Billion)
  16. North America Independent Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  17. North America Pharmacies or Drugstores Market, By Region, From 2021 to 2026 (USD Billion)
  18. North America Specialist Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  19. North America Supermarkets or Hypermarkets Market, By Region, From 2021 to 2026 (USD Billion)
  20. United States Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  21. United States Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  22. Canada Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  23. Canada Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  24. Europe Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  25. Europe OTC Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Billion)
  26. Europe Dietary Supplements Market, By Region, From 2021 to 2026 (USD Billion)
  27. Europe Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  28. Europe Departmental Stores Market, By Region, From 2021 to 2026 (USD Billion)
  29. Europe Independent Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  30. Europe Pharmacies or Drugstores Market, By Region, From 2021 to 2026 (USD Billion)
  31. Europe Specialist Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  32. Europe Supermarkets or Hypermarkets Market, By Region, From 2021 to 2026 (USD Billion)
  33. U.K. Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  34. U.K. Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  35. Germany Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  36. Germany Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  37. France Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  38. France Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  39. Italy Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  40. Italy Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  41. Spain Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  42. Spain Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  43. Asia Pacific Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  44. Asia Pacific OTC Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Billion)
  45. Asia Pacific Dietary Supplements Market, By Region, From 2021 to 2026 (USD Billion)
  46. Asia Pacific Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  47. Asia Pacific Departmental Stores Market, By Region, From 2021 to 2026 (USD Billion)
  48. Asia Pacific Independent Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  49. Asia Pacific Pharmacies or Drugstores Market, By Region, From 2021 to 2026 (USD Billion)
  50. Asia Pacific Specialist Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  51. Asia Pacific Supermarkets or Hypermarkets Market, By Region, From 2021 to 2026 (USD Billion)
  52. Japan Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  53. Japan Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  54. China Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  55. China Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  56. India Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  57. India Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  58. Australia Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  59. Australia Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  60. South Korea Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  61. South Korea Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  62. Latin America Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  63. Latin America OTC Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Billion)
  64. Latin America Dietary Supplements Market, By Region, From 2021 to 2026 (USD Billion)
  65. Latin America Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  66. Latin America Departmental Stores Market, By Region, From 2021 to 2026 (USD Billion)
  67. Latin America Independent Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  68. Latin America Pharmacies or Drugstores Market, By Region, From 2021 to 2026 (USD Billion)
  69. Latin America Specialist Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  70. Latin America Supermarkets or Hypermarkets Market, By Region, From 2021 to 2026 (USD Billion)
  71. Brazil Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  72. Brazil Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  73. Argentina Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  74. Argentina Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  75. Mexico Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  76. Mexico Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  77. Rest of Latin America Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  78. Rest of Latin America Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  79. Middle East and Africa Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  80. Middle East and Africa OTC Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Billion)
  81. Middle East and Africa Dietary Supplements Market, By Region, From 2021 to 2026 (USD Billion)
  82. Middle East and Africa Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  83. Middle East and Africa Departmental Stores Market, By Region, From 2021 to 2026 (USD Billion)
  84. Middle East and Africa Independent Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  85. Middle East and Africa Pharmacies or Drugstores Market, By Region, From 2021 to 2026 (USD Billion)
  86. Middle East and Africa Specialist Retailers Market, By Region, From 2021 to 2026 (USD Billion)
  87. Middle East and Africa Supermarkets or Hypermarkets Market, By Region, From 2021 to 2026 (USD Billion)
  88. Middle East Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  89. Middle East Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)
  90. Africa Consumer Healthcare Market, By Product, From 2021 to 2026 (USD Billion)
  91. Africa Consumer Healthcare Market, By Distribution Network, From 2021 to 2026 (USD Billion)

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