GITNUX MARKETDATA REPORT 2024

Otc Industry Statistics

The OTC industry statistics show steady growth in revenue and market share due to increasing consumer demand for self-care products.

Statistic 1

"In 2018, the OTC sleep aids market in the U.S. was valued at around USD 436 million."

Sources Icon

Statistic 2

"Approximately 30% of all European medicine sales are OTC products."

Sources Icon

Statistic 3

"Increased healthcare costs have contributed to the rise in OTC drug purchases."

Sources Icon

Statistic 4

"In 2020, the OTC allergy medication market in the U.S. was valued at approximately $8.5 billion."

Sources Icon

Statistic 5

"Approximately 60% of Americans prefer using OTC drugs for minor ailments instead of visiting a doctor."

Sources Icon

Statistic 6

"The number of OTC drugs approved by the FDA has increased over the past decade."

Sources Icon

Statistic 7

"There is a rising trend in the use of OTC supplements and vitamins for general health and wellness."

Sources Icon

Statistic 8

"The Asia-Pacific region is anticipated to witness the fastest growth in the OTC market."

Sources Icon

Statistic 9

"In 2020, online sales of OTC drugs saw a significant increase, growing by approximately 25%."

Sources Icon

Statistic 10

"Self-medication trends are driving the growth of the OTC market globally."

Sources Icon

Statistic 11

"Pain relief medications are the largest category within the OTC drug market."

Sources Icon

Statistic 12

"Pediatric OTC drug sales account for a significant portion of the market, especially in vitamins and cough & cold segments."

Sources Icon

Statistic 13

"The average American household spends approximately $338 annually on OTC drugs."

Sources Icon

Statistic 14

"North America holds the largest share of the OTC market, accounting for nearly 33% of global sales."

Sources Icon

Statistic 15

"Consumer preference for natural and organic products is significantly impacting the OTC industry."

Sources Icon

Statistic 16

"The OTC skincare market is expected to grow by 5.8% annually through 2025."

Sources Icon

Statistic 17

"The U.S. Food and Drug Administration (FDA) monitors the safety of OTC drugs through the OTC Drug Review."

Sources Icon

Statistic 18

"The global OTC drug market was valued at approximately USD 140 billion in 2019."

Sources Icon

Statistic 19

"In 2019, CVS Health was one of the leading retailers of OTC products in the United States."

Sources Icon

Statistic 20

"The top three OTC drug categories are pain relievers, cold, cough and flu medications, and gastrointestinal products."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!