Trend Analysis: 2023-2030 Global Cough Syrup Market

Triton's research report shows that the global cough syrup market garnered $5995.46 million in 2021 and is estimated to advance at a CAGR of 3.27% by 2028.

A recent study by Triton Market Research titled 'Global Cough Syrup Market' includes the Global Analysis and Forecasts by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), Product Type (Expectorants, Combination Medications, Cough Suppressants/Antitussives), Age Group (Pediatric, Adult), and Geography (Asia-Pacific, Middle East and Africa, Europe, North America, and Latin America).

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According to Triton's analysis, the global market for cough syrup is anticipated to grow at a compound annual growth rate (CAGR) of 3.27% from 2022 to 2028. By 2028, it is projected to generate $7530.40 million in sales.

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Coughs brought on by upper respiratory tract infections are treated with cough syrups. In addition, cough syrups are required for a variety of additional conditions, including chronic issues, lung diseases, and asthma.

Air pollution from motor vehicle and industrial pollutants is increasing due to rapid urbanization and rising energy use. This accelerates the onset of respiratory conditions including wheezing, coughing, etc., which raises the demand for cough syrups. Furthermore, respiratory disorders are made more likely by smoking, being overweight or obese, and having chronic obstructive lung disease. These factors facilitate the growth of the cough syrup industry.

Codeine is an ingredient used in the making of cough syrup. It is an opioid drug that treats mild pain and acts as a cough suppressant. However, it is misused and over-consumed by teens as drug addiction. Therefore, strict government regulations and restrictions on producing cough syrups containing codeine impede the market's growth.

The cough syrup market is trifurcated into product type, age group, and distribution channel. Based on product type, it is further divided into expectorants, combination medications, and cough suppressants/antitussives. The age group is categorized into pediatric and adult. The distribution channel consists of hospitals, retail, and online pharmacies.

Geographically, the Asia-Pacific region is expected to witness the fastest rate of growth in the cough syrup market and to continue holding a dominating position until 2028. Numerous environmental, social, and economic factors have a significant impact on the respiratory health of the inhabitants in the region. Since the primary causes of respiratory issues include infections, smoking, and air pollution, cough syrup is growing in popularity. Furthermore, asthma is the leading cause of mortality and affects a significant section of the population. The expansion of the local cough syrup market is influenced by these factors.

The notable companies listed in the global cough syrup market include AstraZeneca Plc, Pfizer Inc, Glaxosmithkline, Acella Pharmaceuticals LLC, Glenmark Pharmaceuticals Limited, Novartis International AG, Johnson and Johnson, Dabur India Ltd, Reckitt Benckiser Group Plc, Proctor and Gamble Co, Cipla Limited, Abbott Laboratories, Merck KGAA, Sanofi SA, and The Himalaya Drug Company.

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Question & Answer: Cough Syrup Market

Question 1: What factors augment the growth of the cough syrup market?
Answer: With fast-paced urbanization and increased energy consumption, air pollution from industrial and motor vehicle emissions is increasing rapidly. This accelerates the prevalence of respiratory diseases such as wheezing, coughing, etc., thus boosting the demand for cough syrups. Besides this, overweight/obesity, smoking, and chronic obstructive pulmonary disease also increase the risk of respiratory disease. Such factors augment the growth process of the cough syrup market.

Question 2: What factors impede the cough syrup market's growth?
Answer: Codeine is an ingredient used in the making of cough syrup. It is an opioid drug that treats mild pain and acts as a cough suppressant. However, it is misused and over-consumed by teens as drug addiction. Therefore, strict government regulations and restrictions on producing cough syrups containing codeine impede the market's growth.

Question 3: Which region is likely to have the fastest growth in the cough syrup market?
Answer: Geographically, the Asia-Pacific is likely to have the fastest growth in the cough syrup market and is expected to continue its stronghold till 2028. The respiratory health of people within the region is highly influenced by diverse economic, social, and environmental factors. The most common causes of respiratory issues lie with smoking, air pollution, and infection, raising the demand for cough syrup. Moreover, a large number of the population suffers from asthma which is the leading cause of death. Such factors influence the growth of the cough syrup market in the region.

Question 4: Which are the notable companies in the cough syrup market?
Answer: The notable companies listed in the global cough syrup market include AstraZeneca Plc, Pfizer Inc, Glaxosmithkline, Acella Pharmaceuticals LLC, Glenmark Pharmaceuticals Limited, Novartis International AG, Johnson and Johnson, Dabur India Ltd, Reckitt Benckiser Group Plc, Proctor and Gamble Co, Cipla Limited, Abbott Laboratories, Merck KGAA, Sanofi SA, and The Himalaya Drug Company.

Related Report

Global Nasal Spray Market-
https://www.tritonmarketresearch.com/reports/nasal-spray-market

The global nasal spray market will reach $40.15 billion by 2028 while growing at a CAGR of 8.47% during the forecast period 2021-2028. It gathered $18.28 billion worth of revenue in 2020.

The nasal spray market is driven by factors such as rising acceptance of self-administration of medication, emerging intranasal vaccines for COVID-19, and growing use of nasal sprays due to simple administrative techniques. A nasal spray is usually used for allergic irritation as it reduces the possibility of drug interactions and systematic side effects.

However, the excess use of nasal spray leads to complications that negatively affect the market's growth. The spray's continuous or overuse can damage the nose and cause breathing problems. But the growing use of intranasal treatments for central nervous system disorders presents profitable opportunities for the market.

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