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Consumer Healthcare Market, Global Outlook and Forecast 2024-2030

Consumer Healthcare Market, Global Outlook and Forecast 2024-2030

  • Published on : 20 April 2024
  • Pages :117
  • Report Code:SMR-7693229

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Report overview

The global Consumer Healthcare market was valued at US$ 240.5 billion in 2023 and is projected to reach US$ 346.1 billion by 2029, at a CAGR of 7.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Consumer Healthcare market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Consumer Healthcare market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Consumer Healthcare market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Consumer healthcare products include trusted brands of multivitamins and iron supplements, in addition to products for allergies, personal hygiene, sleep support, alertness and cold and flu.
This report aims to provide a comprehensive presentation of the global market for Consumer Healthcare, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Consumer Healthcare. This report contains market size and forecasts of Consumer Healthcare in global, including the following market information:

  • Global Consumer Healthcare Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global top five companies in 2023 (%)

Consumer health products do not require a written prescription from healthcare professionals but can be purchased directly from a pharmacy store.

The consumer healthcare market has seen substantial growth and evolution over recent years, driven by increasing health awareness, technological advancements, and a growing preference for over-the-counter (OTC) products.

Regional Insights:

  • North America holds the largest share, accounting for about 35% of the global market, driven by high healthcare expenditure and strong OTC product adoption.
  • Asia-Pacific is the fastest-growing region, with a CAGR of 6.8%, fueled by rising incomes, urbanization, and expanding access to healthcare.

Product Segmentation

  • OTC Pharmaceuticals: Comprising pain relief, cold and flu remedies, and digestive health products, this segment makes up around 45% of the total market.
  • Vitamins and Dietary Supplements: With a growing focus on preventive healthcare, this segment accounts for 30% of the market.
  • Herbal and Traditional Products: Increasing consumer preference for natural and holistic health solutions has propelled this segment to hold about 15% of the market.
  • Personal Care Products: Including skin care, oral care, and feminine hygiene products, this segment represents 10% of the market.

Consumer Behavior Trends

  • Digital Health: Over 60% of consumers report using digital health tools, such as fitness trackers and health apps, to monitor and manage their health.
  • E-commerce Surge: Online sales of consumer healthcare products have surged, with e-commerce accounting for nearly 25% of total sales in 2023, up from 15% in 2019.
  • Health Consciousness: A significant 75% of consumers are more focused on maintaining a healthy lifestyle and preventive care post-COVID-19 pandemic.

Demographic Insights

  • Age Groups:
    • Millennials and Gen Z: These groups, making up 50% of the market, show a strong preference for natural and organic products, digital health tools, and personalized healthcare solutions.
    • Baby Boomers: Representing 30% of the market, they are major consumers of OTC pharmaceuticals and vitamins, driven by age-related health concerns.
  • Gender:
    • Women: Women are more likely to use personal care and dietary supplements, contributing to 55% of the market.
    • Men: Men account for 45% of the market, with a higher consumption of sports nutrition and fitness-related products.

We surveyed the Consumer Healthcare companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:
Global Consumer Healthcare Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Consumer Healthcare Market Segment Percentages, by Type, 2023 (%)

  • OTC Pharmaceuticals
  • Dietary Supplements

Global Consumer Healthcare Market, by Application, 2018-2023, 2024-2030 ($ millions)

Global Consumer Healthcare Market Segment Percentages, by Application, 2023 (%)

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

Global Consumer Healthcare Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)

Global Consumer Healthcare Market Segment Percentages, By Region and Country, 2023 (%)

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

  • Key companies Consumer Healthcare revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Consumer Healthcare revenues share in global market, 2023 (%)

key players include:

  • Johnson & Johnson
  • Bayer Healthcare
  • GlaxoSmithKline
  • Sanofi
  • Pfizer
  • Boehringer Ingelheim
  • Abbott Laboratories
  • Merck
  • Nestle
  • Novartis
  • Procter & Gamble
  • Amway
  • Danone
  • BASF
  • DSM
  • Mylan
  • Herbalife
  • Kellogg
  • American Health
  • Sun Pharma
  • Takeda Pharmaceuticals
  • Teva Pharmaceuticals
  • Taisho Pharmaceuticals
  • Mitsubishi Tanabe Pharma

Outline of Major Chapters:
Chapter 1: Introduces the definition of Consumer Healthcare, market overview.
Chapter 2: Global Consumer Healthcare market size in revenue.
Chapter 3: Detailed analysis of Consumer Healthcare company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Consumer Healthcare in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.