Cough Syrup Market at a CAGR of 3.60 % to hit USD 6,045.25 Million by 2030
Research Reports
Apr 13, 2022
The cough syrup market is expected to grow at a high CAGR of 3.60% during the forecast 2030 in the global market to account for a higher market value of approximately USD 6,045.25 million by the end of the forecasted period in the global market.
Cough syrups, simply put, are medications that are used to offer temporary relief from a runny nose, sneezing, and coughs due to hay fever, common cold, and other types of respiratory allergies. There are various forms of cough syrups available in the market resting on when it is taken. Daytime cough syrups do not have codeine, which means it will not make one feel drowsy. On the other hand, nighttime cough syrups contain codeine. They last longer compared to daytime cough syrups, thus allowing better sleep at night. Most importantly, cough medicines cannot be taken by people with heart disease or high blood pressure, and those who are taking SSRI antidepressants.
Numerous factors are adding to the growth of the global cough syrup market. These factors, according to the latest Market Research Future report, include increasing product developments, a rise in geriatric pollution, increasing income in developing economies, massive air pollution, and an increase in respiratory disorders.
On the contrary, the availability of substitutes, stringent regulatory scenario, and product recalls are factors that may restrict the global cough syrup market growth during the forecast period.
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Market Segmentation
The Market Research Future report provides a complete segmental analysis of the global cough syrup market based on application, category, and type.
By type, the global cough syrup market is segmented into individuals and combinations. The individual segment is again segmented into codeine, ambroxol, guaifenesin, and dextromethorphan. The combination segment is again segmented into brompheniramine + pseudoephedrine, guaifenesin + pseudoephedrine, and dextromethorphan + guaifenesin.
By category, the global cough syrup market is segmented into expectorants and suppressants.
By application, the global cough syrup market is segmented into children and adults.
Regional Analysis
The geographical evaluation of the global cough syrup market is included with this report. It offers a detailed view of the market based on regions such as Americas, Asia Pacific, the Middle East and Africa (MEA), and Europe. Furthermore, a country-level assessment of these regions is also covered for providing an impactful intelligence. Asia Pacific is a major market due to its huge patient population. The region consolidates the two most populous countries. Thus, it is projected to earn high revenues over the forecast period. Rising respiratory issues in China and India are anticipated to drive the growth of the cough syrup market. In addition, the growth of geriatric population in Japan and China is also prognosticated to impact the cough syrup market favorably.
Competitive Dashboard
Pfizer, Inc. (US), Merck KGaA (US), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (US), Acella Pharmaceuticals, LLC (US), GlaxoSmithKline PLC (UK), Procter & Gamble (USAbbott (US), ), Reckitt Benckiser Group PLC (UK), and Sanofi (France).
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