Tech Peak » Insights on Rx to OTC Switch Market Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2030: by Reports and Insights

Insights on Rx to OTC Switch Market Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2030: by Reports and Insights

by harrykons

The report is titled as ‘Rx to OTC Switch Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Rx to OTC Switch market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Rx to OTC Switch market is expected to grow with significant rate in the near future.

The Rx to OTC Switch market is estimated to reach at a value of US$ 32,738.3 Mn by the end of 2022 and expected to reach at a value of US$ 49,128.1 Mn by 2030 with a significant CAGR of 5.2%

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Rx to OTC Switch Introduction

Rx-to-OTC switch is the transmission of tested prescription drugs to non-prescription, OTC status. It is a technically rigid and highly controlled process that enables consumers to have OTC admittance to a developing array of medicines. For a medicine to be accorded OTC status, it must have a comprehensive safety perimeter, be efficient, and bear comprehensible marking to ensure appropriate use. By virtue of Rx-to-OTC switches, the end-consumers can expediently purchase and employ a comprehensive scale of medicines and products without the need to schedule a meeting with the doctor. Since more and more prescription allergy medicines have shifted to OTC, there has been an evident transition toward these more affordable and convenient alternatives.

Notably, patients with allergies who consume OTCs have ramped up from 66 percent in 2009 to 75 percent in 2015. Owing to which, the global Rx-to-OTC switches market is projected to rise rapidly over the forthcoming years.

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Rx to OTC Switch Market Segmentation

The global Rx to OTC Switch market is segmented on the basis of drug type, supportive products, drug category, end users, and region.

By Drug Type

  • Solid/Semisolid Dosage Forms
  • Capsules
  • Hard Capsules
  • Soft Capsules
  • Gels
  • Ophthalmic Gels
  • Analgesic
  • Dental Gels
  • Tablets
  • Others (Granules, Powders, Chewable)
  • Liquid Dosage Forms
  • Syrups
  • Parenteral Preparations
  • Others

By Supportive Products

  • Active Pharmaceutical Excipients (API)
  • Binders
  • Buffering Agents
  • Others

By Drug Category

  • Allergy and Respiratory
  • Fungal Infections & Other Infections
  • Overactive Bladder
  • Oral Contraceptives
  • Gastrointestinal Drugs
  • Hair Loss Treatments
  • Smoking Cessation
  • Analgesic, Inflammation and Pain Management
  • Others

By End Users

  • Pharmaceutical Manufacturers
  • Contract Research Manufacturers

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Rx to OTC Switch Market Key Players

GlaxoSmithKline Plc, Alcon, Arbor Pharmaceuticals, Sanofi Pasteur, Galderma SA, Cipla Limited, Sun Pharma, Alembic Pharmaceuticals, Bayer AG and many others are the key manufacturers of Rx to OTC Switch

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About Reports and Insights:

Reports and Insights is one of the leading market research company which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

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