Navigation Links
Self-Medication One of Many Factors Driving OTC Drug Market Past $80 Billion by 2012
Date:5/7/2008

NEW YORK, May 7 /PRNewswire/ -- Longer life expectancy, greater interest in self-medicating, improved availability and easier access are all factors fueling growth in sales of over-the-counter (OTC) drugs. The world market boasted $68.4 billion in 2007 sales, with a 3.9% CAGR since 2005. According to a new report by Kalorama Information, World OTC Pharmaceutical Markets: Self-Medication, Developing and Petro-Rich Economies, BTC and Other Growth Trends, this market should enjoy a higher 4.3% CAGR through 2012.

Consumers are taking an increasingly active role in self-medication, due to rising healthcare costs, a large uninsured population and ever more choices in OTC products. Purchasing OTC drugs is also more convenient and money is saved avoiding doctor's visits. In fact, recent studies have uncovered that up to 40% of consumers do not fill a doctor's prescription, rather substituting with an OTC alternative. Ultimately, purchasing OTC drugs saves U.S. consumers around $15 billion annually.

OTC drug sales account for between 8% and 30% of total pharmaceutical sales in the majority of world regions. In developed regions, such as the U.S. and the U.K., they accounted for 7.7% and 15.8% respectively in 2007. Higher percentages of OTC sales are often found in regions that are less developed, such as India or China.

"The state of the economy, lifestyle, culture, the time it takes to see a doctor and the condition of medical care all contribute to people seeking to self-medicate," notes Kalorama analyst Melissa Elder. "While it's not the optimal method of treatment, and could lead to complications and undiagnosed conditions, it is nonetheless an important factor driving sales, especially in emerging countries like China."

Kalorama Information's report World OTC Pharmaceutical Markets: Self-Medication, Developing and Petro-Rich Economies, BTC and Other Growth Trends covers the latest OTC trends, and developments in North and South America
'/>"/>

SOURCE Kalorama Information
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Alzheimers Disease Risk Factors May Be Gender-Specific
2. Factors affecting survival, disability of extremely premature infants identified
3. Inflammatory Bowel Diseases Share Some Genetic Risk Factors
4. Factors in Cancer Death Rates Stay Stagnant
5. Smoking, Drinking, Cholesterol May Be Alzheimers Risk Factors
6. Integrating genetic information with breast cancer risk factors may help refine prognosis
7. Methamphetamine Use Associated With Pulmonary Arterial Hypertension in Patients With Previously Unknown Risk Factors
8. Prostate size and other neglected factors influence prostate cancer treatment satisfaction
9. Study names 5 factors of social ills in energy, mining and logging communities
10. Consumer Advocate Speaks Out Against Bill Allowing Invasions of Medical Privacy; Author Received $21k from Bill Benefactors
11. Researchers ID behavioral risk factors for head and neck cancers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/31/2015)... Cokato, MN (PRWEB) , ... August 31, 2015 , ... ... and new product introductions: The Terrace Outdoor Sauna. After months of extensive engineering and ... attractive sauna model built to withstand the elements and is offered at a very ...
(Date:8/31/2015)... (PRWEB) , ... August 31, 2015 , ... ... provider of the CME-certified annual Chemotherapy Foundation Symposium: Innovative Cancer Therapy for ... be held Nov. 4 – 6 in New York City. The annual legacy ...
(Date:8/31/2015)... ... ... The more hours young adults spend watching television each day, the greater ... a 15-year analysis by the University of Pittsburgh Graduate School of Public Health revealed. ... adulthood is an important time to intervene and promote less television viewing, according to ...
(Date:8/31/2015)... ... August 31, 2015 , ... ... develop skills and assess their competencies in managing challenging conversations, announced today that ... the Defense Centers of Excellence for Psychological Health and Traumatic Brain Injury ...
(Date:8/31/2015)... IL (PRWEB) , ... August 31, 2015 , ... ... Cancer Awareness Month 2015 in September by sharing the facts about the role ... on BRCA1 and BRCA2 genetic mutations because of Angelina Jolie Pitt’s decisions to ...
Breaking Medicine News(10 mins):Health News:Say “Hello” to the Brand New Finnleo Terrace Outdoor Saunas 2Health News:Physicians’ Education Resource® Seeks Abstracts for the Upcoming Chemotherapy Foundation Symposium: Innovative Cancer Therapy for Tomorrow® 2Health News:Physicians’ Education Resource® Seeks Abstracts for the Upcoming Chemotherapy Foundation Symposium: Innovative Cancer Therapy for Tomorrow® 3Health News:Physicians’ Education Resource® Seeks Abstracts for the Upcoming Chemotherapy Foundation Symposium: Innovative Cancer Therapy for Tomorrow® 4Health News:Watching More TV as a Young Adult Predicts Obesity 2Health News:Watching More TV as a Young Adult Predicts Obesity 3Health News:Kognito’s Glenn Albright to Present at DCoE Summit 2Health News:Foundation for Women’s Cancer Alerts Women to the Facts About the Role of Heredity in Gynecologic Cancers 2Health News:Foundation for Women’s Cancer Alerts Women to the Facts About the Role of Heredity in Gynecologic Cancers 3Health News:Foundation for Women’s Cancer Alerts Women to the Facts About the Role of Heredity in Gynecologic Cancers 4
... Now Available for all U.S. Counties, ATLANTA, June ... the United States, an increase of more than 3 ... data estimates,released today by the Centers for Disease Control ... the U.S. population has diabetes., In addition to ...
... New Orleans, LA Eugene A. Woltering, MD, FACS, The ... Sections of Surgical Oncology & Endocrine Surgery at LSU Health ... for a one-step method to rapidly identify "sentinel nodes;" the ... primary cancer. Preliminary research indicates that the procedure which consists ...
... Interactive, Most Innovative, Health Promotion/Disease, & Injury ... ... Education Information, INDIANAPOLIS, June 24 WellPoint, Inc. ... Health Awards from the Health,Information Resource Center. NuestroBien.com ( ...
... Americans are experiencing,rising prices on many essentials, including ... one of the fastest-growing medical,expenses. From 1990 to ... to $200.7 billion, according to a recent report ... Giant is introducing a new way for families, ...
... people at risk from cardiovascular disease (CVD) is set to ... black and minority ethnic groups. , QRisk2, an equation ... developing CVD for the first time, simultaneously takes into account ... such as family history of heart disease or diabetes. ...
... Forum Enables Public To Join The Discussion, NEW ... Control, more than 133 million Americans suffer from diabetes,asthma ... these,patients account for more than 75% of the nation,s ... continues to age over the next few,decades, its medical ...
Cached Medicine News:Health News:Number of People With Diabetes Increases to 24 Million 2Health News:Number of People With Diabetes Increases to 24 Million 3Health News:LSUHSC inventor awarded patent for new procedure to detect cancer spread 2Health News:LSUHSC inventor awarded patent for new procedure to detect cancer spread 3Health News:WellPoint Web Sites Receive Six World Wide Web Health Awards 2Health News:New Giant Pharmacy Program Offers Relief for Your Family and Your Wallet 2Health News:New cardiovascular score developed to improve heart attack and stroke detection 2Health News:Healthcare Experts Discuss Current and Future Challenges of Chronic Care on NewTalk 2Health News:Healthcare Experts Discuss Current and Future Challenges of Chronic Care on NewTalk 3
(Date:8/31/2015)... Australia , Aug. 31, 2015 Bionomics ... discovery and development of innovative therapeutics for the treatment ... cancer, today announced that its BNC101 IND submission has ... (FDA). Bionomics plans to initiate a Phase 1 clinical ... patients with metastatic pancreatic cancer prior to 31 December ...
(Date:8/29/2015)... y LONDRES, August 29, 2015 ... para los sistemas de imagen por Ultrasonidos ... Ecografía, tiempos de examen rápidos y un flujo de ... confianza diagnóstica en el proceso de detección de Cardiopatías ... PHIA) ha anunciado hoy el lanzamiento europeo de ...
(Date:8/28/2015)... , Aug. 28, 2015 ... announced the addition of the "Investigation Report ... their offering. Originally discovered by Welfide ... Pharmaceutical Industries, Ltd) as an inflammatory drug, pranoprofen ... Pharmaceutical Co., Ltd under the trade name of ...
Breaking Medicine Technology:Successful BNC101 IND Submission Paves Way for Development of Promising Cancer Stem Cell Drug Candidate 2Successful BNC101 IND Submission Paves Way for Development of Promising Cancer Stem Cell Drug Candidate 3Successful BNC101 IND Submission Paves Way for Development of Promising Cancer Stem Cell Drug Candidate 4Philips presenta HeartModel A.I en el Congreso ESC 2015 2Philips presenta HeartModel A.I en el Congreso ESC 2015 3Philips presenta HeartModel A.I en el Congreso ESC 2015 4Philips presenta HeartModel A.I en el Congreso ESC 2015 5Investigation Report on China's Pranoprofen Market, 2010-2019 2
... , July 22 Cornerstone Therapeutics Inc. (Nasdaq: ... developing and commercializing significant products primarily for the respiratory and ... call at 8:30 AM ET on Thursday, ... the quarter and six months ended June 30, 2010 ...
... 22 Cardiogenesis Corporation (OTCQB: CGCP) announced that the company ... 31, 2010 on Wednesday, August 4, 2010 .  The ... and William R. Abbott , its Senior Vice President and ... at 5:00 p.m. Eastern time ( 2:00 p.m. Pacific ...
Cached Medicine Technology:Cornerstone Therapeutics to Host Second Quarter 2010 Conference Call 2Cornerstone Therapeutics to Host Second Quarter 2010 Conference Call 3Cardiogenesis Corporation to Report 2010 Second Quarter Results on August 4th 2
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: