The Cough Syrup Market Share is expected to grow at a high CAGR of 3.60% during the forecast 2032 in the global market to account for a higher market value of approximately USD 6.7 Billion by the end of the forecasted period.
Rising availability of cough syrup over the counter is expected to drive the growth of the market in the foreseeable future. The awareness about the availability of cough syrup is also rising which is expected to influence revenue growth rate of the cough syrup market positively. A rise in patient population is also anticipated over the next couple of years. It is prognosticated to drive the growth of the cough syrup market in the near future. Also, the growth of geriatric population is projected to drive the expansion of the cough syrup market.
The availability of the medicine for different age groups is poised to influence the market greatly. New products are expected to be launched due to flavor innovations. Also, market players are focusing on investments in advertisement to gain edge over each other. These factors are anticipated to catapult the cough syrup market on upward trajectory. Increasing prevalence of respiratory problems is expected to boost growth rate of the cough syrup market in the foreseeable future. However, stringent regulations and product recalls are anticipated to check the growth of the cough syrup market in the upcoming years.
Cough Syrup Market Outlook and Analysis by Product Type (Combination {Dextromethorphan + Guaifenesin, Guaifenesin + Pseudoephedrine and Brompheniramine, Pseudoephedrine} and Individual {Dextromethorphan, Guaifenesin, Ambroxol and Codeine}), by Category (Cough Suppressants and Expectorants), by Application (Adults and Children) and by Region ( Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2032.
Major Key Players:
Some of the Cough Syrup Market Players are Pfizer, Inc. (US), Merck KGaA (US), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (US), Acella Pharmaceuticals, LLC (US), GlaxoSmithKline PLC (UK), Procter & Gamble (USAbbott (US), ), Reckitt Benckiser Group PLC (UK), and Sanofi (France).
Segment Analysis
On the basis of product type, the cough syrup market has been divided into combination and individual. The sub-segments of the combined segment are guaifenesin + pseudoephedrine, dextromethorphan + guaifenesin, and brompheniramine + pseudoephedrine. The sub-segments of the individual segment are dextromethorphan, ambroxol, guaifenesin, and codeine.
On the basis of category, the cough syrup market has been segmented into cough suppressants and expectorants.
On the basis of application, the cough syrup market has been segmented into adults and children.
Regional Analysis
The geographical evaluation of the global cough syrup market is included with this report. It offers a detailed view of the market based on regions such as Americas, Asia Pacific, the Middle East and Africa (MEA), and Europe. Furthermore, a country-level assessment of these regions is also covered for providing an impactful intelligence. Asia Pacific is a major market due to its huge patient population. The region consolidates the two most populous countries. Thus, it is projected to earn high revenues over the forecast period. Rising respiratory issues in China and India are anticipated to drive the growth of the cough syrup market. In addition, the growth of geriatric population in Japan and China is also prognosticated to impact the cough syrup market favorably.
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