We are monitoring the impact of COVID-19 on MEA OTC Drugs Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 466
Share on
Share on

Middle East and Africa Over the Counter Drugs Market Research Report - Segmented By Product Type, Formulation Type, Distribution Channels & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis, Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 466
Pages: 135

MEA OTC Drugs Market Size (2021 to 2026)

The size of the Middle East and Africa over-the-counter Drugs Market was estimated at USD 5.60 Million in 2021. It is further projected to grow and worth USD 7.81 Million by 2026, growing at a CAGR of 6.88% between 2021 to 2026.

The growth drivers of the Middle East and Africa (MEA) over the counter (OTC) drugs market are product innovation, high penetration in emerging markets, a favorable regulatory framework, and the trend for pharmaceutical companies to move from prescription to OTC.

Over the next few years, the MEA over-the-counter (OTC) drugs market is likely to record the highest growth rates in emerging markets like South Africa, Kuwait, Iran, etc. This, coupled with the growth of the middle class and the increase in the disposable income of the population in these regions, are supposed to be increasing the availability of OTC drugs. In the sales channels, supermarkets contribute to over-the-counter market growth as new channels for emerging markets enter the barrier-free market.

With the advances in technology and product innovation, SMEs are increasing their market presence by introducing new products at lower prices.

Strong growth is anticipated from the growth of the healthcare industry and increased government investment in the development of the healthcare industry. OTC drug markets in countries such as UAE, Saudi Arabia, and South Africa are expected to grow at a high rate during the forecast period due to increasing awareness of over-the-counter drugs in treating minor health problems. Other factors driving the Middle East and Africa OTC drugs market are cultural perception changes, including self-medication for mild health problems, the convenience of direct purchase, affordable drugs, high adoption, and acceptance. The use of belts will include future savings as well as drug innovation and development.

The market for over-the-counter drugs is very competitive and includes several key players. The intense market competition, coupled with the side effects associated with a few pills, can hamper the rapid expansion of this regional market.

This research report on the MEA OTC Drugs Market has been segmented and sub-segmented into the following categories:

By 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
  • Spray                             

By Distribution Channels: 

  • Pharmacies
  • Supermarkets/Hypermarkets
  • Convenience store
  • Others (online drug store)                             

By Country: 

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

The Middle East and Africa, over-the-counter drugs market, is likely to record a considerable growth rate in the coming years. The growth of the middle class, increase in disposable income, rapid population growth, and the increasing availability of OTC drugs are aspects driving the demand in the local market. Accessibility of supermarkets and emerging retail channels are also contributing to the growth of the OTC drugs market in the MEA. The major contributors to the OTC drugs business in the area are United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Egypt, South Africa, and others. Increasing consumer awareness will play a vital role in business expansion in the outlook period.

Africa is a newly emerging market in OTC drugs, as most of the African nations are under-developed. Amongst the developing countries, South Africa is said to be the leading contributor to the African market. The major problem prevailing in the African market is drug substance abuse. Codeine used in Broncleer cough syrup is banned in South Africa, as it is considered the most abused OTC drug.

Notable companies leading in the MEA over-the-counter Drugs Market profiled in the report are GlaxoSmithKline, Johnson and Johnson, Novartis, Bayer, Pfizer, Sanofi, and Takeda.

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 Product Type                             

                                5.1.1 Analgesics

                                5.1.2 Cough, Cold and Flu Products         

                                5.1.3 Vitamins and Minerals       

                                5.1.4 Dermatological Products   

                                5.1.5 Gastrointestinal Products 

                                5.1.6 Ophthalmic Products          

                                5.1.7 Sleep Aid Products              

                                5.1.8 Weight Loss/Diet Products               

                                5.1.9 Others      

                5.2 By Formulation Type                              

                                5.2.1 Tablets      

                                5.2.2 Liquids      

                                5.2.3 Ointments               

                                5.2.4 Sprays       

                5.3 Distribution Channels                             

                                5.3.1 Pharmacies             

                                5.3.2 Supermarkets/Hypermarkets         

                                5.3.3 Convenience stores            

                                5.3.4 Others (Online Drug Stores)            

6. Geographical Analysis                                              

                6.1 Introduction                               

                6.2 Middle-East                                

                6.3 Africa                            

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 GlaxoSmithKline                       

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues             

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Johnson and Johnson                            

                8.3 Novartis                       

                8.4 Bayer                            

                8.5 Pfizer                            

                8.6 Boehringer Ingelheim                            

                8.7 Sanofi                           

                8.8 Takeda                         

                8.9 PGT Healthcare                         

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

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

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 2875

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample