As per the report Published by Allied Market Research, the global Cough Remedies Market was estimated at $7084.5 million in 2020, and is expected to garner $9911.2 million by 2030, manifesting a CAGR of 3.4% from 2021 to 2030. The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2021 to 2030 to identify the prevailing market opportunities.
Rise in geriatric population, surge in vehicle pollution, increase in demand for over-the-counter medicines, rise in R&D activities, and surge in awareness about medicines are expected to help the cough remedies market generate more revenue in the coming years. In addition, rise in a number of testing and research facilities especially in the field of biotechnology and pharmaceutical companies adds to the significant market growth.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ถ๐๐ต ๐๐ฎ๐๐ฒ๐๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ฎ๐- https://www.alliedmarketresearch.com/request-sample/3591
- Covid-19 impact on global cough remedies market:
- Increase in strict government rules regarding lockdowns led to reduced growth of the market.
- Introducing new products that can help fight the advent of the COVID-19 virus boosted the market.
- There has been a growth in research activities to treat cough caused by the virus, which is anticipated to boost the growth of the global cough remedies market in the post-Covid world.
The report segments the global cough remedies market on the basis of product type, age group, distribution channel, and region.
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Based on region, Asia-Pacific contributed to the highest share in 2020, followed by Europe and North America, holding nearly two-fifths of the total share and is expected to maintain dominance throughout the forecast period. On the other hand, LAMEA is expected to portray the fastest CAGR of 4.5% during the forecast period.
Based on product type, the bronchodilators and cough suppressants segment accounted for the largest market share in 2020, contributing to more than half of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the antibiotics segment is estimated to witness the fastest CAGR of 3.9% from 2021 to 2030.
Based on the distribution channel, the retail pharmacy segment contributed to the largest share in 2020, accounting for more than two-thirds of the global cough remedies market. The same segment is expected to lead throughout the forecast period. However, the online pharmacy segment is expected to manifest the highest CAGR of 6.1% from 2021 to 2030.
Leading players of the global cough remedies market analyzed in the research include Astrazeneca PLC (Astrazeneca), GlaxoSmithKline PLC, Prestige Brands, Inc., Reckitt Benckiser Group PLC., Bayer Ag, Novartis AG, Procter & Gamble, Johnson & Johnson, Pfizer, Inc., and Sun Pharmaceuticals Industries Limited.
Key Benefits for Stakeholders
- Depending on product type, the expectorant segment held largest share in the global market in 2020.
- On the basis of distribution channel, the hospital pharmacy segment experienced the highest revenue in 2020, and is expected to continue to grow throughout the forecast period.
- By age group, the geriatric segment garnered the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 4.0% during the forecast period.
๐ ๐ฎ๐ธ๐ฒ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐๐ป๐พ๐๐ถ๐ฟ๐ ๐ฎ๐– https://www.alliedmarketresearch.com/purchase-enquiry/3591
๐๐ฟ๐ฒ๐พ๐๐ฒ๐ป๐๐น๐ ๐๐๐ธ๐ฒ๐ฑ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐?
Q1. What is a cough remedies?
Q2. What are cough remedies used for
Q3. What is the total market value of cough remedies market report?
Q4. What would be forecast period in the market report?
Q5. What is the market value of cough remedies market in 2030?
Q6. Which is base year calculated in the cough remedies market report?
Q7. What are the key industry leaders opinions for the cough remedies market?
Q8. What are the key trends in the cough remedies market report?
Q9. Which segment holds the maximum market share of the cough remedies market?
Q10. What are the market values / growth % of emerging countries?
๐๐ฉ๐๐ก๐จ๐- ๐ ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป-๐๐ฎ๐๐ฒ๐ฑ ๐๐ถ๐ฏ๐ฟ๐ฎ๐ฟ๐ (๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐บ ๐ผ๐ป-๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ, ๐๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป-๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ฝ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด ๐บ๐ผ๐ฑ๐ฒ๐น) ๐ข๐ณ๐ณ๐ฒ๐ฟ๐ฒ๐ฑ ๐ฏ๐ ๐๐น๐น๐ถ๐ฒ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต:
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