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Throat Lozenges Market Terrific Growth in 2018 by Top Leaders: August Storck KG (Germany), Roshen Confectionery Corp (Ukrain), Crown Confectionery Co. Ltd. (South Koera), CRM Group (Brazil) and United Confections Throat lozenge (UK)

04-11-2018 05:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Throat Lozenges Market

Throat Lozenges Market

The Worldwide Throat Lozenges Market is characterized by the presence of several well-established and small players, the global market of throat lozenges appears to be highly competitive and fragmented. Global players are increasingly expanding their footprint in the emerging nations, making it putting pressure on the regional players, especially in terms of features such as type, product portfolios, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. Well established players are entering into mergers & acquisitions, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

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The Global Throat Lozenges Market is growing at a very reasonable pace, mainly due to growing elderly population. The market is projected to grow at a CAGR of 3.5% during forecasted period 2017-2023. According to a recent study report published by the Market Research Future, The global Throat Lozenges market is booming and expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).

Global Throat Lozenges Market – Overview:

Throat lozenges are the prescription as well as over the counter preparation which is intended for temporary relief from cold and cough. As per the research, it is found that 83% of patients suffered from a sore throat with cold & flu symptoms on last sore throat occasion. Moreover, changing lifestyle and increasing smoking has decrease the immune system of the people and make them more susceptible to get affected by virus and bacteria.

According to world health Organization, smoking related-diseases kill one in 10 adults globally, or cause four million deaths. It is being expected that by 2030 if current trends continue, smoking will kill one in six people. Throat lozenges are also advised to patients suffering from pharyngitis. Pharyngitis may be caused due to either virus or bacterial infection (streptococcus infection). As per the medical professionals, approximately 50% of sore throat is caused by viral infections and 15% to 20% occurs due to bacterial infections. Mycoplasma pneumoniae, Streptococcus, Neisseria gonorrhoeae and Chlamydia pneumonia are some of the bacteria that are major cause for sore throat.

The market is expected to grow with the same trends during the forecast period. The major drivers supporting the growth of the market will be increasing prevalence of allergy and common cold. Moreover, Pediatric and geriatric population are also more susceptible to get affected by foreign organism. According to US census, the number of Americans aged 65 and older was projected to be 46 million in 2016 and the number is expected to double by 2050. However, the threat of resistance to some OTC products and large manufacturing cost and distribution are some of the restraining factors for the growth of the market.

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Major TOC For Throat Lozenges Market Research Report - Global Forecast Till 2023:

1    INTRODUCTION   

1.1    DEFINITION   

1.2    SCOPE OF STUDY   

1.2.1    RESEARCH OBJECTIVE   

1.2.2    ASSUMPTIONS & LIMITATIONS   

1.2.2.1    ASSUMPTIONS   

1.2.2.2    LIMITATIONS   

1.3    MARKET STRUCTURE:   

2    RESEARCH METHODOLOGY   

2.1    RESEARCH PROCESS:   

2.2    PRIMARY RESEARCH  

2.3    SECONDARY RESEARCH:   

3    MARKET DYNAMICS   

3.1    DRIVERS   

3.2    RESTRAINTS       

3.3    OPPORTUNITIES   

3.4    MACROECONOMIC INDICATORS   

4    MARKET FACTOR ANALYSIS   

4.1    PORTERS FIVE FORCES MODEL   

4.2    BARGAINING POWER OF SUPPLIERS   

4.3    BARGAINING POWER OF BUYERS   

4.4    THREAT OF NEW ENTRANTS   

4.5    THREAT OF SUBSTITUTES   

4.6    INTENSITY OF RIVALRY   

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