Consumer Healthcare Market to record USD 123.78 Bn growth; North America to have a significant market share — Technavio – QNT Press Release

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NEW YORK, Oct. 7, 2022 /PRNewswire/ — The global consumer healthcare market size is expected to grow by USD 123.78 billionaccelerating at a CAGR of 5.66% between 2021 and 2026. According to the report, the market structure is fragmented due to the presence of several large and small vendors. The vendors in the market are adopting various strategies such as new product launches and strategic alliances to remain competitive and gain an edge over their rivals. Get detailed insights into the vendor landscape, successful strategies adopted by vendors, key product launches, and more by purchasing our full report. Download Sample PDF Report Before Purchasing

The report identifies Abbott Laboratories, Amway Corp., BASF SE, Bayer AG, BioGaia AB, Boehringer Ingelheim International GmbH, Chr Hansen Holding AS, Danone SA, Eisai Co. Ltd., Genomma Lab Internacional SAB de CV, Glanbia Plc, GlaxoSmithKline Plc , Herbalife Nutrition Ltd., Himalaya Global Holdings Ltd., Johnson and Johnson, Kellogg Co., Koninklijke DSM NV, Merck KGaA, Nestle SA, NUTRITION ET SANTE, Pfizer Inc., Reckitt Benckiser Group PLC, and Sanofi as major market participants. Although increasing awareness about lifestyle diseases will offer immense growth opportunities, intense competition will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Consumer Healthcare Market 2022-2026: Segmentation

The global consumer healthcare market is segmented as below:

• Product
• OTC Pharmaceuticals
• Dietary Supplements

The market growth in the OTC pharmaceuticals segment will be significant over the forecast period. The segment is driven by the easy availability of OTC pharmaceuticals in pharmacies, hypermarkets, supermarkets, or other distribution channels. Also, the switch from prescription to OTC drugs and increased Government reforms and support in the form of investments in the pharmaceutical sector are contributing to the growth of the segment.

• Geography
• North America
• Asia
• Europe
• Rest Of The World (ROW)

33% of the market growth will come from North America during the forecast period. Factors such as the surge in the number of skin diseases, the rapid technological advances in the pharmaceutical sector, and the growth of the geriatric population are driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our consumer healthcare market report covers the following areas:

• Consumer Healthcare Market size
• Consumer Healthcare Market trends
• Consumer Healthcare Market industry analysis

Consumer Healthcare Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the consumer healthcare market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the consumer healthcare market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Consumer Healthcare Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist consumer healthcare market growth during the next five years
• Estimation of the consumer healthcare market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the consumer healthcare market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of consumer healthcare market vendors

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Full story available on Benzinga.com

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