Global Cough Syrup Market is expected to grow at a CAGR 4.21% over the forecast period in global market to account for a higher market value of approximately 6,185.11 million by 2027 by the As per the research study conducted by Qualiket Research the Cough Syrup Market is expected to attain substantial growth by the end of the forecast period. The report offers crucial information pertaining to the total valuation which is presently held by this industry.
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Commonly available Over- The- Counter (OTC) cough & cold medications contain either single or in combination of a decongestant, antihistamine, cough suppressant, expectorant, and antipyretic. High prevalence of cough is expected to be a major driving factor for increasing demand for cough syrup which drives the global cough syrup market growth over the forecast period. For instance, according to the data published by the National Center for Biotechnology Information in 2014, the annual prevalence of cough in the general population is reported as around 10–33 percent across the globe. Furthermore, the increase in pollution is a major challenge for most governments at this point and it is particularly so because as pollution level rise incidence of respiratory illness also increases will positively influence the market growth.
A dry cough can be a sign of something minor like allergies/cold, but it is also a major symptom of COVID-19. According to the scientist dextromethorphan has a “pro-viral” effect that is used for the treatment of dry cough. This pro-viral effect of the drugs helps the coronavirus to replicate and hijack the cells, which may make COVID-19 positive patients feel sicker. Therefore, researchers suggested to avoid cold & flu medicines, especially dextromethorphan, during the COVID-19 pandemic.
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The report provides some of the key players operating in the global cough syrup market including, Pfizer, Inc., Abbott, Lincoln Pharmaceuticals, Novartis AG, Acella Pharmaceuticals, LLC, GlaxoSmithKline PLC, Procter and Gamble, Sanofi, Reckitt Benckiser Group PLC, Johnson & Johnson Services, Inc., etc.
The Global Cough Syrup Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
APAC accounted for the largest share of revenue in 2019, and is expected to maintain its dominance from 2020 to 2027, owing to the easier availability of cough syrups at retail pharmacies, the increase in geriatric population & less stricter laws regarding the abuse of cough and cold medicines in the region. However, MEA is anticipated to register the fastest growth during the forecast period as governments are investing in the development of healthcare infrastructure and the increase in cases of respiratory disorder.
By Product Type
- Cough Suppressants/Antitussives
- Combination Medications
By Age Group
By Distribution Channel
- Retail Pharmacy
- Hospital Pharmacy
- Online Pharmacy
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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