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Pulished Date April, 2021
ID: 743
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Singapore Over the Counter Drugs Market Research Report - By Formulation Type, Product Type, Distribution - Analysis, Size, Share, Trends & Growth Forecast (220

Pulished: April, 2021
ID: 743
Pages: 135

The size of the Over Counter Drugs Market in Singapore was worth USD 643.25 million in 2021 and estimated to reach USD 838.71 million by the end of 2026 with a growing potential of 5.45%.

Singapore is placed in fourth place, given its excellent political and economic outlook by Business Environment Rankings for Asia. Singapore OTC Pharmaceuticals market accounts for 1.2% of the total Asia-Pacific OTC market.

The term Over the Counter (OTC) refers to pharmaceuticals bought across the counter without any prescription from physicians. Consumers in Singapore are gradually increasing to take the route of self-medication due to growing pressure on healthcare budgets. Together with the Reducing output from drug manufacturing Companies, R&D efforts have led to a better focus on advancing innovative over-the-counter and consumer health drugs. With the rising aged population and middle class, it is not astonishing that over-the-counter is one of the fastest-growing segments in Singapore. The growth of the aging population (>65) is increasing rapidly and will accounts for 19% of the population in Singapore by 2030. Demand for OTC drugs is growing as patients are taking a proactive approach in treating ailments.

Increasing pressure from consumers, drug regulators, and manufacturers to renovate prescription medications to Over-the-Counter (OTC) non-prescription status are the major drivers for the growth of the OTC drugs market. Cost-aware insurance programs will drive the market even further by encouraging customers to self-treatment regarding chronic conditions by providing increased incentives for the newly approved OTC medicines.

Cost sensitivity of production and very high competition among the key players are the major factors restraining the growth of the market.

This research report is segmented & sub-segmented the Singapore 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)

Some of the key players dominating the Over the Counter Drugs market in Singapore are Eu Yan Sang International Ltd, Bayer AG, Johnson & Johnson, Glaxo SmithKline PLC, Merck Pte Ltd, Sunward Pharmaceutical Pte Ltd, Beacons Pharmaceuticals (Pte) Ltd.

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 Eu Yan Sang international Ltd                              

                                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 Bayer AG                     

                7.3 Merck pte Ltd                            

                7.4 GlaxoSmithKline Plc                                

                7.5 Johnson & Johnson                 

                7.6 Beacons Pharmaceuticals (Pte) Ltd                  

                7.7 Sunward Pharmaceutical Pte Ltd                       

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

Singapore Over the Counter Drugs Market

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