The Biggest Trends in OTC Drug And Dietary Supplement We've Seen This Year

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 The OTC drug and dietary supplement market was valued at US$ 2, 93,255.40 million in 2019 and is projected to reach US$ 4, 92,102.49 million by 2027; it is expected to grow at a CAGR of 6.8% from 2020 to 2027.

The growth of the OTC drug and dietary supplements marketis mainly attributed to the factors such as growing awareness regarding general health issues and growing preference for non-prescription drugs over prescription drugs. However, the market is likely to get impacted by the drawbacks associated with the stringent FDA regulations related to safety and efficacy of OTC drugs during the forecast period.

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Based on distribution channel, the OTC drug and dietary supplements market is segmented into hospital and retail pharmacies, retail stores, online channels, and others. The hospital and retail pharmacies segment held the largest share of the market in 2019; whereas, theonline channels segment is estimated to register the highest CAGR of 7.5% in the market during the forecast period.

The Consumer Healthcare Products Association, Council for Responsible Nutrition consumer survey, National Center for Biotechnology Information, The Global Burden of Disease Study, US Food and Drug Administration (FDA),Council for Responsible Nutrition (CRN), and World Health Organization (WHO), are among the major primary and secondary sources referred for preparing this report.

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