The
gastrointestinal over the counter drugs market is growing at a significant rate
mainly due to increase in patient population. Strategic alliances are one the
major trends that can be seen in the gastrointestinal over the counter drugs
market and is supporting the market to grow at a more considerable rate.
Gastrointestinal
diseases involve the gastrointestinal tract including stomach, esophagus, large
intestine, small intestine, gallbladder, rectum, liver and pancreas. Over the
counter (OTC) drugs are medications that are available without any prescription
from the doctor. Over the counter drugs are chosen by regulatory agencies very
carefully so as to ensure their efficacy and safety.
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The
gastrointestinal over the counter drugs can also be bought without any
prescription of doctor. The gastrointestinal over the counter drugs are used
for indications such as vomiting, gastro esophageal reflux disease (GERD),
diarrhea, flatulence and constipation. The over the counter drugs are not
compelled by regulatory guidelines, but they need to fulfill the drug monograph
of a certain country.
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In the
U.S., the Food and Drug Administration regulates the manufacturing and sale of
over the counter drugs. The Food and Drug Administration compels that all new
drugs should obtain a new drug application (NDA) before it enters throughway,
but the act excuse any drug which is recognized as effective and safe for the
requirement. Some of the over the counter drugs approved in the U.S. are
anti-microbial, sunscreens, anti fungal products, and internal and external
analgesics. In the U.K., Medicines Regulations 2012 governs the medication.
Medication in the country is categorized as a general sales list, prescription
only medication and pharmacy medicines.
Some of the
competitors in the gastrointestinal
over the counter drugs market are Procter & Gamble, GlaxoSmithKline
Pharmaceuticals Limited, Purdue Pharma L.P., Bayer AG, Boehringer Ingelheim
GmbH, Johnson & Johnson Private Limited, Teva Pharmaceutical Industries
Ltd., Pfizer Inc., Reckitt Benckiser Group plc, C.B. Fleet Company, Inc.,
Perrigo Company plc, Sanofi, OMEGA SA, Abbott Laboratories, and Nestle SA.
