Medical Newswire

Medical Newswire!

Medicine, Healthcare, Medical Research, Hospitals, Management
Press release distribution service
Home | Medical-Newswire.Com:

Taiwan OTC Drugs Market to show a lucrative CAGR of 5.82% during the forecast period 2016 -2021

 



(Medical-NewsWire.com, February 14, 2018 ) The Taiwan Over the Counter Drugs Market was worth USD 1.80 billion in 2016 and estimated to reach USD 2.39 billion by the end of 2021 with a growing potential of 5.82%. Taiwan Over the Counter Drugs market accounts for 3.5% of total Asia-Pacific OTC market

Browse Market data tables and in-depth TOC of the Taiwan Over the Counter Drugs Market to 2021 @ https://www.marketdataforecast.com/market-reports/taiwan-over-the-counter-drugs-market-803/

The term ‘’Over the counter’’ mentions to pharmaceuticals, which are bought across the counter without any need of physicians’ prescription. OTC drugs are used to treat and prevent minor disorders, as growing aging population there is an increasing push to be able to license OTC medicines for the use of treatment of chronic conditions. The aging population (>65) accounts for 11.4% of total population in Taiwan.

The government has reduced tax for the pharmaceutical industry as an encouragement to many foreign multinational companies to invest in Taiwan. The government has recently made 13 prescription drugs available over the counter, making a purchase of the drugs more convenient. However, the government has also cut the price of drugs funded under the national health programmes.

Free sample of the report is available @ https://www.marketdataforecast.com/market-reports/taiwan-over-the-counter-drugs-market-803/request-sample

The Taiwan OTC pharmaceutical market is driven by factors such as lower costs compared to Prescription drugs, growing preference of using OTC drugs for minor ailments, increased health care expenditure, Government policies like healthcare infrastructure, insurance system. Cost sensitivity of production is the major factor inhibiting the growth of the market.

The Taiwan OTC Pharmaceutical Market is broadly categorized by Formulation type - Tablets, Liquids, Ointments, Sprays, by Product type - Cough and cold Flu drugs, Analgesics, Dermatologics, Gastrointestinal Drugs, Antiseptics, Anti-allergy drugs, Smoking Cessation Aids, Vitamins and Minerals, Ophthalmics, sleep aids, Weightloss/diet drugs and others(Ear Drops & Diuretics), by distribution channels - Pharmacies/Drug Stores, Supermarkets/Hypermarkets, convenience stores, others ( online drug stores ).

Inquire before buying @ https://www.marketdataforecast.com/market-reports/taiwan-over-the-counter-drugs-market-803/inquire

Some of the key players dominating the Over the Counter Drugs market in Taiwan are Johnson & Johnson, Sinphar pharmaceutical co ltd, China Chemical & Pharmaceutical Co., Ltd, Daiichi Sankyo Co,. ltd, Glaxo smithkline, Bayer Health care, Merck Ltd, Novartis.

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.

Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail:abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases


Market Data Forecast.

Abhishek Shukla

+1-888-702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com

Source: EmailWire.com


Medical Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Healthcare resource center today to browse our selection of 600+ complimentary Healthcare magazines, white papers, webinars, podcasts, and more. Get popular titles including:

Eyecare Business
Medical Laboratory Observer
FierceHealthcare

No credit cards, coupons, or promo codes required. Try it today!

Medical Sponsors

Health News


Pharmanewswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com. CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2012 GroupWeb Media LLC. All Rights Reserved.


GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
Medical-Newswire.com - Medicl Newswire and Press Release service of GroupWeb Media LLC