Wednesday, December 07, 2022

Digital consumer healthcare trends drive growth in the market at a rate of 22% by 2026

Consumer Healthcare Market Report 2022 - Market Size, Trends And Global Forecast 2022-2026

Consumer Healthcare Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026

The Business Research Company’s Consumer Healthcare Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026

LONDON, GREAT LONDON, UK, 30 March 2022 / – Consumer healthcare companies are increasingly offering digital healthcare solutions. Health and wellness are changing in a digitalized space with an increase in technology-skilled population, leading to availability of treatments on demand. To cater to the shift in consumer preferences to digital, consumer healthcare brands have introduced digital, connected and personalized self-care solutions. For example, Johnson & Johnson offers a behavioral coaching application with its Nicorette® QuickMist® Nicotine spray that helps smokers plan and track their progress with smoking cessation.

The global consumer healthcare market is expected to grow from $ 361.57 billion in 2021 to $ 424.63 billion in 2022 at a compound annual growth rate (CAGR) of 17.44%. The growth in the market is mainly due to the companies resuming their operations and adjusting to the new normal while recovering from the COVID-19 impact, which in the past led to restrictive measures such as social distancing, distance work and the closure of commercial activities. which resulted in operational challenges. The global consumer healthcare market share is expected to reach $ 932.74 billion in 2026 at a CAGR of 21.74%.

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The rapid growth in e-commerce and online pharmacies is contributing to the growth of the global consumer healthcare market. Consumer healthcare products are increasingly being sold by online pharmacies to improve consumer convenience. Major online pharmacies worldwide include Walgreens,, SecurePharmaOnline, YourDrugStore, Lloyds Pharmacy and Netmeds. In addition, pharmaceutical companies also sell OTC products online. For example, Dr. Reddy’s sells its OTC products through Amazon and other e-commerce channels in the US. Thus, increasing e-commerce is driving the growth of the consumer healthcare market.

Major players covered in the global consumer healthcare industry are Johnson & Johnson, Sanofi, Abbott Laboratories, BASF SE, Amway, Bayer AG, Pfizer Inc., Boehringer Ingelheim, GlaxoSmithKline plc, American Health Corporation, Stanex Drugs & Chemicals Pvt. Ltd, Ipsen SA, Reckitt Benckiser LLC, Jasco Group of Companies, Bionova Lifesciences, lenmark Pharmaceuticals Ltd, Merck & Co, DSM, Teva Pharmaceutical Industries Ltd., and The Himalaya Drug Company.

TBRC’s global consumer healthcare market report is broken down by product into OTC pharmaceuticals, dietary supplements, as applied in retail, online, hospitals.

Consumer Healthcare Market Report 2022 – Per Product (OTC Pharmaceuticals, Dietary Supplements), Per Application (Retail, Online, Hospitals) – Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company providing a Consumer Healthcare Market Review, consumer healthcare market size and growth forecast for the entire market, consumer healthcare market segments, geographic areas, consumer healthcare market trends, consumer healthcare market drivers, constraints, leading competitors’ revenue, profiles and market shares.

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