China's OTC market is expanding rapidly and will reach 800 billion yuan in the future.

"Pharmaceutical Network Market Analysis" over-the-counter drugs refers to drugs published by the State Administration of Health, do not require a medical practitioner to write a prescription, the general consumer can judge, purchase and use the drug.
, over-the-counter drugs are also known as over-the-counter drugs, or OTC for short.
over-the-counter drugs mainly include cold medicine, cough medicine, analgesics, digestive aids, anti-gastric acid drugs, vitamins, insect repellents, tonics, general medicine, external medicine, skin care drugs and so on.
drugs that are included in over-the-counter drugs generally have the advantages of precise efficacy, small toxic side effects, convenient use and easy storage.
According to the IQVIA Global Over-the-Counter Drug Market Report, the global OTC drug market as a whole showed an upward trend in 2013-2018, with the global OTC market rebounding in 2018, accounting for 10.6% of the overall pharmaceutical market, with a size of approximately US$122 billion, with a compound growth rate of about 4.1% in 2016-2018.
trend, the industry speculates that the global OTC market will continue to grow in size from 2020 to 2025 and is expected to reach $162 billion in 2025.
, the OTC industry is growing and growing rapidly.
in China, OTC products account for 4,727 of the approximately 15,000 drugs available.
2007 to early March this year, 200 products have been converted from prescription drugs to OTC.
of all OTC varieties, 3,718, or 78.7%, are Chinese medicines, and 1009, or 21.3%, are chemicals.
more than 2300 dual-span products (both OTC and prescription drugs) in all OTC products, including more than 2000 varieties of Chinese medicine and more than 300 varieties of chemical drugs.
that China's drug classification system was established in 1999 and has since embarked on the road of opening up.
2000 sales of about 20 billion yuan, it took 10 years, and by 2009, China had overtaken Japan as the world's second largest OTC market after the United States with $8.6 billion in market sales.
industry expects that with the improvement of self-medicine awareness and OTC enterprises to promote, there will be more drugs into the OTC ranks, especially chinese medicine into OTC varieties will be more.
, by 2020, China's OTC drug market size may lead the world, and in the future to expand to 600 billion to 800 billion yuan market size.
, China's over-the-counter drug market has great potential for growth, well above the global average.
in people's awareness of self-medication, the aging of the population accelerated, the future size of China's over-the-counter drug market will be further expanded.
background, with the implementation of retail pharmacy classification management, retail pharmacies will also be re-positioned, retail pharmacies "big and complete, small and refined" characteristics will gradually appear.
addition, OTC enterprises will usher in a critical period of development.
drug companies need to adjust their strategies in a timely manner to improve their competitiveness through differentiated competition, increased research and development efforts, and enhanced academic promotion.
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