Global consumer healthcare market to grow at CAGR of 9.26% to 2020 — 4 things to know

The global consumer healthcare market is expected to grow at a compound annual growth rate of 9.26 percent between 2016 and 2020.

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Here are four things to know:

1. The Internet increasingly offers health-related information, so manufacturers are shifting efforts to the online platform to attract more customers. This will spur market growth.

2. Additionally, more people are aware of predisposing factors of various diseases and treatments, also driving market growth.

3. Severe competition as well as policies negatively impacting large pharmaceutical vendors will hinder market growth.

4. Bayer HealthCare, Boehringer Ingelheim, GlaxoSmithKline, Johnson & Johnson, Pfizer and Sanofi lead the market.

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