The global “Rx to OTC Switch Market: Opportunity Analysis and Future Assessment 2022-2030” issued by Reports and Insights provides authentic and first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market.
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Rx to OTC Switch Introduction
Rx-to-OTC switch is the transmission of tested prescription drugs to non-prescription, OTC status. It is a technically rigid and highly controlled process that enables consumers to have OTC admittance to a developing array of medicines. For a medicine to be accorded OTC status, it must have a comprehensive safety perimeter, be efficient, and bear comprehensible marking to ensure appropriate use. By virtue of Rx-to-OTC switches, the end-consumers can expediently purchase and employ a comprehensive scale of medicines and products without the need to schedule a meeting with the doctor. Since more and more prescription allergy medicines have shifted to OTC, there has been an evident transition toward these more affordable and convenient alternatives.
Notably, patients with allergies who consume OTCs have ramped up from 66 percent in 2009 to 75 percent in 2015. Owing to which, the global Rx-to-OTC switches market is projected to rise rapidly over the forthcoming years.
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Rx to OTC Switch Market Segmentation
The global Rx to OTC Switch market is segmented on the basis of drug category, distribution channel, and region.
By Drug Category
Allergy and Respiratory
Fungal Infections & Other Infections
Overactive Bladder
Oral Contraceptives
Gastrointestinal Drugs
Hair Loss Treatments
Smoking Cessation
Analgesic, Inflammation and Pain Management
Others
By Distribution Channel
Retail Pharmacies
Hospital Pharmacies
Drug Stores
Online Pharmacies
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Rx to OTC Switch Market Key Players
Some of the key participating players in global Rx to OTC Switch market are:
GlaxoSmithKline plc.
Astrazeneca
Merck KGaA
Johnson & Johnson
Bayer AG
Sanofi
Boehringer Ingelheim Consumer Healthcare
Bausch and Lomb (A Subsidiary of Bausch Health)
Galderma SA
Alcon
Arbor Pharmaceuticals
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