The global market for over-the-counter (OTC) drugs was estimated to be worth USD 148.0 billion in 2020. COVID-19 has had a worldwide impact that is unprecedented and severe, with OTC drugs witnessing a jump in demand in all nations during the epidemic. According to our estimates, the market will grow at a steady 6.8% in 2020, similar to the average year-over-year growth from 2017 to 2019. The market is predicted to grow at a 5.8% CAGR from 2021 to 2028, from USD 157.0 billion in 2021 to USD 233.6 billion in 2028. The increase in CAGR is due to increased demand and market expansion, which will return to pre-epidemic levels after the pandemic is over.
Over-the-counter Drugs Market are pharmaceuticals that are considered safe to acquire without a physician's prescription. These products are legally available at hospital pharmacies, medical supply stores, and even supermarkets.
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