OTC Cough, Cold and Allergy Medicine Market is Expected to Accelerate at a Whopping 5.5% CAGR by 2032

According to Fact MR's recent market research, sales of OTC Cough, Cold, and Allergy Medicine to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, OTC Cough, Cold, and Allergy Medicine market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

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To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth.

Key Takeaways from Market Study

• Global OTC cough, cold, and allergy medicine market to top US$ 60 Bn by 2031.
• Bronchodialators projected to reach valuation of around US$ 25 Bn by 2031.
• Antihistamine projected to record above 4% CAGR over next 10 years.
• Market in APEJ holds share of more than 40%.
• Market in South Korea expected to reach valuation of US$ 15 Bn by 2031.
• Market in Australia to record 3% CAGR over forecast period of 2021- 2031.

"Increasing investments by public and government bodies in the healthcare sector, higher availability of a wide range of products, and easy access to self-administered drugs for minor allergies and illnesses are positively impacting sales of OTC cough, cold, and allergy medicines," says a Fact.MR analyst.

Key players in OTC cough, cold, and allergy medicine market

• Sanofi-Aventis
• Johnson & Johnson Service Inc.
• Reckitt Benckiser Group Plc.
• Novartis AG
• GlaxoSmithKline Plc.
• AstraZeneca Plc.
• Pfizer Inc.
• Sun Pharmaceutical Industries Ltd.
• Prestige Brands Holdings Inc.
• Procter & Gamble Co.
• Bristol-Myers Squib Co.
• Merck & Co.
• Allergen

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Competitive Landscape

The market is hugely competitive with a number of top OTC cough, cold, and allergy medicine manufacturers. Few major players currently dominate the market in terms of revenue share.
Personalized patient care and access to complete end-to-end medical device products and services are now available from healthcare service providers and top companies in the OTC cough, cold & allergy medicine market.

Report Benefits & Key Questions Answered

• OTC Cough, Cold, and Allergy Medicine Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• OTC Cough, Cold, and Allergy Medicine Historical volume analysis: The report provides a comparison of OTC Cough, Cold, and Allergy Medicine's historical sales and projected sales performance for 2021-2031.
• OTC Cough, Cold, and Allergy Medicine Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the OTC Cough, Cold, and Allergy Medicine market. It carefully gauges the impact of changing healthcare needs of key demographics globally
• OTC Cough, Cold, and Allergy Medicine Consumption by demographics: The report investigates consumer behavior affecting OTC Cough, Cold, and Allergy Medicine demand outlook for the assessment period. Effect of their keenness for digital trends on OTC Cough, Cold, and Allergy Medicine market is carefully analyzed
• Post COVID consumer spending on OTC Cough, Cold, and Allergy Medicine: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting OTC Cough, Cold, and Allergy Medicine market growth.

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Key Segments Covered in the OTC Cough, Cold and Allergy Medicine Industry Survey

• By Drug Type :
o OTC Antihistamine
o OTC Expectorants
o OTC Bronchodilators
o OTC Antibiotics

• By OTC Channel :
o Pharmacies
o Drug Store
o Modern Trade
o Online

• By Dosage :
o Capsules
o Liquid
o Tablets
o Lozenges
o Others
 OTC Liquid Cough, Cold & Allergy Solutions
 OTC Liquid Cough, Cold & Allergy Drops
 OTC Liquid Cough, Cold & Allergy Granules
 OTC Liquid Cough, Cold & Allergy Syrup
 OTC Liquid Cough, Cold & Allergy Pills

• By Application :
o Babies
o Adults
o School-age Children

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia
o Oceania
o Middle East Africa

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This release was published on openPR.