Product ID: SQMIG35D2021
Global Consumer Healthcare Market Size, Share, Growth Analysis, By Over-The-Counter(Analgesics, Cold), By Sports Nutrition(Sports Supplements, Vitamins), By Vitamins and Dietary Supplements(Vitamins, Botanicals), By Weight Management and Wellbeing(Meals, Beverages), By Herbal/Traditional Products(Pharmaceuticals, Food & beverages), By Allergy Care(Nasal Spray, Antihistamine Medication) - Industry Forecast 2024-2031
Report ID:
SQMIG35D2021 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
187 |
Figures:
82
Global Consumer Healthcare Market Dynamics
Consumer Healthcare Market Driver
- Easy Availability and High Awareness Among Consumers Driving Growth of Consumer Healthcare Market
Today, people are more concerned about their health and they're seeking for innovative methods and products to stay healthy. As a result, most of the consumers are found to be focused more on self-medication over alternative treatments as a first method of addressing common health related problems. As a result, preventative healthcare items such as over-the-counter medications has been witnessing high growth in the global consumer healthcare market. Self-medication also allows for simple access to over-the-counter (OTC) pharmaceuticals at a lower cost, which can be less expensive and faster than costly and time-consuming clinical visits. Patients suffering from a blocked nose, cold, nasal congestion, or cough, for example, can easily stroll into a store and get inhalers, tablets, or balms. Furthermore, even in rural areas, these self-medication consumer healthcare goods are widely available.
Consumer Healthcare Market Restraint
- Drug abuse, overuse, and misuse of easily available OTC drugs is likely to leave negative impact on global consumer healthcare market growth. Misuse or abuse of a product by a consumer is not uncommon across the globe. Many customers use these medications in unconventional or unintended ways. The Consumer Healthcare Products Association (CHPA), for example, observed that a small but rising number of people are abusing loperamide to self-manage opiate withdrawal or achieve a euphoric high. There have also been reports of persons misusing over the counter (OTC) drugs for recreational purposes. Even if the user does not use the goods as intended, a manufacturer can be held liable for product harm in a variety of instances.
Global Consumer Healthcare Market Report Snapshots
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