Press release
Global Cold Remedies Market Growth Factors, Applications, Regional Analysis, Key Players and Forecast by 2029
Cold Remedies Market by Drug Type (Antihistamines, Expectorants, Bronchodilators, Decongestants, and Antibiotics), Dosage Type (Oral Syrups, Tablets/Pills, Nasal Drops, and Lozenges), and Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Drug Stores, Supermarkets/Hypermarkets, and e-Commerce/Online Pharmacies) - Global Opportunity Analysis and Industry Forecast, 2023-2031The respiratory system is impacted by the infectious sickness known as the cold. Sneezing, a sore throat, a stuffy nose, and coughing are some of the typical cold symptoms. Immunosuppressed patients can treat colds with cold treatments. Since many cold medications have a similar chemical makeup, using too much of one medication can result in drug resistance or serious damage.
The increased demand for Over-the-Counter (OTC) products is the main factor driving the industry. The market will develop as a result of an increase in cough and cold cases, particularly during the cold season, as well as a rise in patients experiencing allergies and breathing issues as a result of pollution. The most frequently used and extensively distributed OTC medications are those for colds and coughs. These medications are prescribed by doctors for minor illnesses such a cough, cold, or fever. The COVID-19 pandemic caused a 27% spike in cough and cold medication sales in the United States.
The increased accessibility of cold medications will boost these items' sales. Furthermore, it is predicted that the market would rise during the forecast period due to the growing popularity of cough syrups in the Asia Pacific region. The major companies' product innovations will aid in the expansion of the industry. In addition, a key factor driving market expansion is consumers' increasing preference for over-the-counter cough and cold medications.
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the global Cough and Cold Remedies Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the forecast period 2022-2028.
Top key players of The Global Cold Remedies Market:
• Reckitt Benckiser
• Johnson & Johnson
• GlaxoSmithKline
• Novartis
• Bayer
• AstraZeneca
• Sun Pharmaceutical Industries
• Pfizer
• Prestige Brands Holdings
• Procter & Gamble
Market: By Types
• Antihistamines
• Expectorants
• Bronchodilators
• Decongestants
• Antibiotics
Market: By Applications
• Hospital Pharmacies
• Retail Pharmacies
• Drug Stores
Global Cold Remedies Market: Regional Analysis
The countries covered in the regional analysis of the Global Cold Remedies market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Objectives of the Study:
• To provide with an exhaustive analysis on the Cold Remedies Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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