#Global Over-the-Counter Drugs, Medical Devices, and Diagnostics Market
The global over-the-counter drugs, medical devices, and diagnostics market is projected to grow at a compound annual growth rate (CAGR) of 7.4% to reach $359.7 billion by 2029. This growth is driven by the rising chronic disease burden, increased health awareness, and advancements in wearable technology.
##Market Overview
The market covers a wide range of OTC products, including pharmaceutical drugs, vitamin supplements, and disease management devices. Companies like Apple and Samsung are entering the regulatory landscape to enhance OTC disease monitoring. Emerging startups like NOWDiagnostics, Vitable, and Valencell are introducing innovative products to the market.
##Key Players and Market Share
With North America leading in market share, key players such as Koninklijke Philips N.V., Masimo, and Nestle are dominating the industry. For more insights, check out BCC Research’s report on the global OTC drugs, medical devices, and diagnostics market.