Pharmacy and Over-the-Counter (OTC) Cans Market 2019 to 2026- Dominated by North America

  • 08 Apr 2019
  • Healthcare

Self-medication practices are trending especially in cases of pain management, cough, cold, weightless and dietary supplements. Over-the-counter/non-prescription drugs provide affordable treatment, decrease the workload of physicians and carry the potential to build a diverse product portfolio for health care business. Pharmaceutical companies aspiring to extend product range for consumer brands are making OTC drugs easily available in pharmacies. 

It is equally important that pharmacy & OTC drugs sustain harsh environmental conditions and maintain stability to deliver medication without degrading the intended medicinal value. Hence the pharmaceutical packaging plays a vital role and pharmacy and over-the-counter (OTC) cans are known to ensure packaging requirements aptly. The packaging also needs to improve aesthetics, branding and provide labelling regarding how the OTC drug needs to be administered, precautions to take and so on. Additionally, automated manufacturing of pharmaceutical packaging has improved the production capacity of pharmaceutical cans.

 

Global pharmacy and over-the-counter (OTC) cans market is majorly segmented based on material type, end users and geography.

Pharmacy and Over-the-Counter (OTC) Cans Market Based on Material Types:

Every pharmaceutical packaging serves functions like identification, protection, containment, presentation and information on the medicinal products. The pharmacy and over-the-counter (OTC) can market material segment can be broadly classified into two categories:

•    Metal

•    Plastic 

Currently, plastic segment is leading the overall pharmaceutical packaging market and is anticipated to hold its position over the forecasted period. Non-reactive metals like aluminium are popular in the manufacturing of OTC cans. However, the industry is seeking bio-degradable packaging solutions to address environmental hazards and issues.

Pharmacy and Over-the-Counter (OTC) Cans Market Based on Geography:

Geographically, the OTC drugs market is segmented into five major regions:

•    Europe

•    North America 

•    Asia Pacific

•    Latin America 

•    Rest of the world

North America leads the pharmacy and over-the-counter (OTC) cans market, followed by Europe. The Asia Pacific and Latin America are projected to expand at a lucrative growth rate during the forecast period due to the rise in the number of emerging pharmaceutical companies in the region. Rest of the world is expected to account a significant share in global pharmacy and over-the-counter (OTC) cans market due to increasing adoption. 

 

Global Pharmacy and Over-the-Counter (OTC) Cans Market, by End User

•    Contract Development &Manufacturing Organisation(CDMO) 

•    Pharmaceutical Companies

 

Key Takeaways:

•    Comprehensive evaluation of the market based on key market segments and sub-segments

•    In-depth insights by understanding market evolution.

•    Analysing the present scenario and future projections based on changing supply and demand scenarios

 

Competitive Landscape:  

•    Tier 1 players- established companies in the market with a major market share  

•    Tier 2 players 

•    Emerging players which are growing rapidly 

•    New Entrants  

 

FutureWise Takeaways  

•    Growth prospects  

•    SWOT analysis 

•    Key trends 

•    Key data-points affecting market growth  

 

Objectives of the Study:

•  To provide with an exhaustive analysis on the global pharmacy and over-the-counter (OTC) cans market, by material type, end-user and region  

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 

• To evaluate and forecast micro-markets and an overall market  

• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 

• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

•  Profiling of companies to evaluate their market shares, strategies, financials and core competencies  

 

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