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.
The Global Cough Syrup Market Size was valued at USD 5.23 billion in 2019 and is poised to Reach USD 6.10 billion by 2027, witnessing a Growing CAGR of 2.8% from 2020 to 2027.
According to the report published by Allied Market Research, 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.
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Oxygen Gas Cylinders Companies-
• 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 Medical Oxygen Gas Cylinders Market Segmentation: –
By Age Group
• Pediatric
• Adult
By Product Types
• Expectorants
• Cough Suppressants/Antitussives
• Combination Medications
By Distribution Channel
• Retail Pharmacy
• Hospital Pharmacy
• Online Pharmacy
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By Region Outlook
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.
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
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?
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