Surge in number of patients suffering from respiratory disease, developments in cough syrup product, and growth in elderly population drive the growth of the global cough syrup market. On the other hand, cough syrup abuse and stringent rules and certain regulations in the developed countries impede growth to some extent. However, further developments in the market is anticipated to create new opportunities in the coming years.
According to the report published by Allied Market Research, The global Cough Syrup Market Size was valued at USD 5,232.73 million in 2019 and it is estimated to surpass around USD 6,108.25 million by 2027 with a registered CAGR of 2.8% from 2020 to 2027.
The recent report on “Global Cough Syrup Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027”. The report integrates data regarding the supply and demand situation, Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, Future Impact Analysis & Projected Recovery, and Market Sizing & Forecast period of 2020-2027
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Covid-19 scenario-
- The corona virus outbreak has had a mixed impact on the global cough syrup market. The sale for cough syrup primarily took a leap, as this over-the-counter drug has been widely used for patients with sneezing, common cold, runny nose, and other respiratory allergies.
- However, a new research paper published in the journal Nature found that dextromethorphan might intensify the replication of SARS-CoV-2, the virus that causes COVID-19. A cough syrup ingredient has pro-viral properties and as per scientists, it should be avoided by people infected by the covid-19 virus.
- Simultaneously, the manufacturers happened to face several challenges related to high cost of raw materials and shortage of supply during the lockdown.
Top Key Players of Cough Syrup Market: –
• Pfizer, Inc.
• Merck KGaA
• Abbott Laboratories
• Novartis AG
• GlaxoSmithKline PLC
• Sanofi
• Johnson & Johnson Services, Inc.
• Acella Pharmaceuticals, LLC
• Reckitt Benckiser Group PLC
• Procter & Gamble
Global Cough Syrup Market Segmentation –
The global cough syrup market is analyzed across product type, age group, distribution channel, and region. Based on product type, the cough suppressant segment contributed to more than half of the total market share in 2019, and is estimated to dominate during the forecast period. At the same time, the combination medication segment is expected to manifest the fastest CAGR of 3.8% from 2020 to 2027.
By Age Group
• Pediatric
• Adult
By Product Types
• Expectorants
• Cough Suppressants/Antitussives
• Combination Medications
By Distribution Channel
• Retail Pharmacy
• Hospital Pharmacy
• Online Pharmacy
Asia-Pacific garnered the major share in 2019, generating nearly two-fifths of the global market. Simultaneously, the market across LAMEA would showcase the fastest CAGR of 3.9% from 2020 to 2027.The other two regions covered the report include Europe and North America.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in the coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
- How big is the global & regional market in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- Which region has more opportunities?
Table of Content
Chapter – Report Methodology 1
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
Chapter – Global Cough Syrup Market Overview: Qualitative Analysis 2
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Cough Syrup Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Cough Syrup Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
Chapter – Global Cough Syrup Market Overview: Quantitative Analysis 3
Chapter – Global Cough Syrup Market Analysis: Segmentation By Type 4
Chapter – Global Cough Syrup Market Analysis: Segmentation By Application 5
Continued@……..
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By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Ultimately, help you to maximize profitability for your company.
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