Cough is a prevalent symptom of various upper and lower respiratory tract infections. It is a reflex response to mechanical, chemical, or inflammatory irritation of the tracheobronchial tree, which is conveyed by sensory neurons in the airways reflexly through neurons present in the brainstem. Cough syrups are the medication used for the temporary relief of coughs, sneezing, or runny noses due to the common cold, hay fever, or other upper respiratory allergies.
MARKET DYNAMICS
The cough syrup market has shown a significant evolution over the forecast period. The rising air pollution in the environment majorly drives the rise of the cough syrup market. Air pollution stands as a risk factor for acute and chronic respiratory diseases. According to a report by the Forum of International Respiratory Societies (FIRS), tobacco smoke, indoor air pollution from burning fuels, and air pollution from traffic and industrial sources are highlighted as the primary contributing factors for most respiratory conditions. Moreover, exposure to indoor smoke used for heating and cooking leads to COPD, lung cancer, and, in children, it causes pneumonia and asthma. This large population affected with respiratory disorders due to air pollution drives the market for cough syrup market as it is an essential medicine used for the treatment of such diseases. However, stringent regulations regarding medications are likely to impede market growth.
MARKET SCOPE
The "Cough Syrup Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry's pharmaceuticals, with a specific focus on the global market trend analysis. This report provides an outline of the cough syrup market with detailed market segmentation by drug type, category, and end-user. The cough syrup market is estimated to witness high growth during the forecast period. It focuses on the vital statistics on the leading players' market status in the cough syrup market and offers key opportunities and trends.
MARKET SEGMENTATION
The market is categorized based on the drug type, category, and end user. Based on the drug type, the market is segmented as dextromethorphan, ambroxol, codeine, and others. Based on the category, the segmentation of the market is into cough suppressants, expectorants, and others. Based on end user, the segmentation of the market is into hospitals and clinics, homecare, and others.
REGIONAL FRAMEWORK
The report states a comprehensive outline of the industry, consisting of both qualitative and quantitative information. It gives a sketch and forecast of the cough syrup market based on various segments. The report also comprises market size and forecast estimates from the year 2020 to2028with respect to five primary regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East, and Africa (MEA), and South & Central America (SCAM). The cough syrup market by each region is then sub-segmented into respective countries and segments. It provides the analysis and forecast of 18 countries worldwide and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the cough syrup market from both the demand and supply sides. Moreover, it evaluates market dynamics regarding the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also comprises a precise PEST analysis for all five regions, namely, North America, APAC, Europe, MEA, and South & Central America, after assessing political, social, economic, and technological factors affecting the cough syrup market in these regions.
MARKET PLAYERS
The report contains critical developments in the cough syrup market as inorganic and organic growth strategies. Multiple companies are pivoting on organic growth strategies like product approvals, product launches, and others, such as events and patents. Inorganic growth strategies observed were collaborations and acquisitions &partnerships. Many such activities have paved the path for elaborating the business and customer base of market players. The market players from the cough syrup market are estimated to have profitable growth opportunities in the coming years, with a higher demand for cough syrup in the global market. Mentioned below is the list of a few companies engaged in the cough syrup market.
The report also provides key players' profiles in the cough syrup market, along with their SWOT analysis and market strategies. Moreover, the report focuses on the key market players with information on company profiles, financial information of the last three years, components, and services provided, critical development in the past five years.
- Pfizer Inc.
- GlaxoSmithKline PLC
- Novartis International AG
- Procter & Gamble
- F. Hoffmann-La Roche Ltd
- AstraZeneca
- Sanofi
- Sun Pharmaceutical Industries Ltd.
- Johnson & Johnson Services, Inc.
- Teva Pharmaceuticals Industries Ltd
The Insight Partner's dedicated research and the analytical team consists of experienced professionals with advanced statistical expertise and provides various customization options in the current study.