Global Consumer Healthcare Market Size, Forecasts, And Opportunities
Learn about the global consumer healthcare market through The Business Research Company, which provides information on consumer healthcare market size, consumer healthcare market drivers and restraints, consumer healthcare market players, the COVID-19 impact on the consumer healthcare market, and more.
The global consumer healthcare market size 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 adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global consumer healthcare market size is expected to reach $932.74 billion in 2026 at a CAGR of 21.74%.
The rapid growth in e-commerce and online pharmacies is contributing to the growth of the consumer healthcare market.
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The consumer healthcare market consists of sales of consumer healthcare products and related services by entities (organizations, sole traders, and partnerships) that provide personal healthcare products, which are sold directly to a consumer without a prescription from a healthcare professional. Consumer healthcare products generally include over-the-counter (OTC) drugs, health supplements, cosmetics, disinfectants, and consumer medical devices.
Global Consumer Healthcare Market Segments Include:
By Product: OTC Pharmaceuticals, Dietary Supplements
By Application: Retail, Online, Hospitals
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the consumer healthcare market in 2021.
Consumer healthcare companies are increasingly offering digital health solutions. Health and wellness is transforming into a digitized space with an increase in tech-savvy 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.
TBRC’s consumer healthcare market report covers:
Major Market Players: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Consumer Healthcare Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides consumer healthcare market overviews, analyzes and forecasts market size, share, consumer healthcare market players, consumer healthcare market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s consumer healthcare market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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