Cough Remedies Market
Cough Remedies Market Forecasts to 2030 - Global Analysis By Product Type (Antibiotics, Expectorants and Other Product Types), Target Symptoms (Dry Cough, Wet Cough and Congestion Cough), Dosage Form, Age group, Distribution Channel and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $8.1 BN |
Projected Year Value (2030) |
US $11.2 BN |
CAGR (2023 - 2030) |
4.7% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cough Remedies Market is accounted for $8.1 billion in 2023 and is expected to reach $11.2 billion by 2030 growing at a CAGR of 4.7% during the forecast period. Cough remedies encompass a range of approaches aimed at alleviating the discomfort and symptoms associated with coughing, a common respiratory ailment. These remedies often include both traditional and modern approaches, such as over-the-counter medications, natural remedies, and lifestyle changes. Common over-the-counter options include cough suppressants, expectorants, and throat lozenges, which aim to soothe the throat and reduce coughing frequency. Natural remedies like honey, herbal teas, and steam inhalation are also popular choices, known for their soothing and anti-inflammatory properties.
According to WHO, the world’s population of people aged 60 and above was 1 billion in 2020 and is expected to reach 2.1 billion by 2050.
Market Dynamics:
Driver:
Rising prevalence of respiratory disorders
The rising prevalence of respiratory disorders, such as asthma, chronic obstructive pulmonary disease (COPD), and bronchitis, is a significant driver of the cough remedies market. These conditions often lead to persistent coughing as a primary symptom, creating a substantial demand for effective remedies. As urbanization, pollution, and lifestyle factors contribute to the increase in respiratory ailments, the need for cough relief solutions escalates. Pharmaceutical advancements catering to various types of coughs including, dry, wet, and persistent coughs, further fuels market growth. Additionally, the aging population globally is more susceptible to respiratory issues, intensifying the demand for cough remedies.
Restraint:
Side effects
The side effects restraint of the cough remedies market refers to the challenges faced by manufacturers in addressing potential adverse reactions associated with their products. Despite the demand for effective cough relief, consumers are increasingly concerned about the side effects of over-the-counter medications. This restraint prompts companies to invest in research and development to create formulations with fewer side effects. Common side effects such as drowsiness, dizziness, and gastrointestinal disturbances deter consumers from using certain cough remedies. As a result, the market is witnessing a shift towards natural and herbal alternatives perceived to have fewer adverse effects.
Opportunity:
Telemedicine and remote healthcare
Telemedicine presents an opportunity to revolutionize the cough remedy market by offering remote consultations and treatments. Through telemedicine platforms, patients can receive timely advice and prescriptions from healthcare professionals without the need for in-person visits, improving accessibility and convenience. This approach enables individuals to address cough symptoms promptly, leading to better management and potentially reducing the spread of contagious illnesses. Moreover, telemedicine allows for personalized care plans tailored to individual needs, enhancing patient outcomes. With the increasing adoption of telemedicine, the cough remedies market can capitalize on this trend by developing innovative digital solutions and expanding their reach to serve a broader population.
Threat:
Counterfeit products
Counterfeit products pose a significant threat to the cough remedy market, endangering consumer health and safety. These products often lack proper quality control and may contain harmful substances, posing serious risks to those who consume them. Additionally, counterfeit cough remedies undermine the credibility of legitimate brands and erode consumer trust in the market. The proliferation of counterfeit goods also leads to revenue losses for legitimate manufacturers and distributors. Furthermore, counterfeit products evade regulatory oversight, making it challenging for authorities to monitor and regulate the market effectively.
Covid-19 Impact:
With cough being one of the common symptoms of the virus, there has been a surge in demand for cough relief products. Consumers have sought out remedies ranging from traditional cough syrups to herbal teas and lozenges to alleviate symptoms. Additionally, there has been a heightened interest in immune-boosting ingredients in cough remedies as people seek to bolster their immune systems against the virus. This increased demand has led to shortages of certain products and a shift towards online purchasing channels. Moreover, stringent regulations and safety concerns have influenced the production and marketing strategies of cough remedy manufacturers, leading to innovations in packaging and delivery methods to ensure consumer safety.
The expectorants segment is expected to be the largest during the forecast period
The expectorants segment within the cough remedies market has experienced notable growth due to increased awareness about respiratory health and the prevalence of respiratory illnesses leading to a higher demand for products that facilitate mucus clearance and alleviate cough symptoms. Additionally, expectorants are often preferred by consumers for their ability to promote productive coughing, aiding in the removal of mucus from the respiratory tract. The market's growth is further fueled by advancements in pharmaceutical formulations and the introduction of new expectorant products catering to different consumer preferences and needs.
The infants and toddlers segment is expected to have the highest CAGR during the forecast period
The infants and toddlers segment in the cough remedies market has seen steady growth as parents are increasingly concerned about providing relief to their young children from cough symptoms. This demographic is particularly sensitive to cough-related discomfort, leading to a rise in demand for specialized remedies formulated specifically for infants and toddlers. Moreover, advancements in pediatric medicine have resulted in safer and more effective cough remedies tailored to this age group, further driving market growth. Additionally, with growing awareness about natural and organic products, there's a rising preference for herbal and non-medicated alternatives among parents, boosting the segment's expansion.
Region with largest share:
North American region has experienced steady growth in the cough remedy market. This expansion can be attributed to several factors, including increasing awareness about respiratory health, rising incidences of cough-related illnesses such as influenza and allergies, and a growing aging population prone to respiratory issues. Additionally, the availability of a wide range of over-the-counter cough remedies and advancements in product formulations has further fuelled market growth. Moreover, consumer preferences for natural and herbal remedies have also contributed to the expansion of this market segment.
Region with highest CAGR:
The Asia-Pacific region has seen substantial growth due to rising urbanization, changing lifestyles, and increasing air pollution levels, which have contributed to a higher prevalence of respiratory illnesses, leading to a greater demand for cough remedies. Additionally, growing awareness about healthcare and self-medication practices has further fueled market expansion. The availability of a wide range of cough remedies, including herbal and over-the-counter medications, caters to diverse consumer preferences. Expanding pharmaceutical infrastructure and initiatives to improve healthcare access in emerging economies have also facilitated market growth.
Key players in the market
Some of the key players in Cough Remedies market include AstraZeneca plc, Bayer AG, Boehringer Ingelheim International GmbH , Church & Dwight Co., Inc., Cipla Limited, Dr. Reddy's Laboratories Ltd., Efficient Laboratories, Genexa , GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, GSK plc., Merck & Co., Inc., Mundipharma International Limited, Novartis AG, Pfizer Inc., Reckitt Benckiser Group plc, Sanofi S.A., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited and Teva Pharmaceutical Industries Ltd.
Key Developments:
In October 2023, Efficient Laboratories, a Puerto Rican company dedicated to the distribution of its own health care brands, launched a new product, ROMPE PECHITO ®, an over-the-counter medicine for children to relieve cold symptoms.
In September 2023, Genexa introduced new clean over-the-counter (OTC) kids’ medicine innovations, further reinforcing the company’s pioneering role in bringing clean, effective medicines to consumers. The new Kids’ Multi-Symptom Cold & Flu and Kids’ Daytime + Nighttime Cough Relief Value Pack provide parents with much-needed clean OTC options with the same effective active ingredients as legacy brands but without any dyes and artificial sweeteners, parabens, or common allergens.
Product Types Covered:
• Antibiotics
• Expectorants
• Antihistamines
• Bronchodilators
• Decongestants
• Herbal/Natural Remedies
• Other Product Types
Target Symptoms Covered:
• Dry Cough
• Wet Cough
• Sore Throat Cough
• Congestion Cough
Dosage Forms Covered:
• Syrups
• Tablets/Pills
• Lozenges
• Nasal Drops
Age groups Covered:
• Infants and Toddlers
• Children
• Adults
• Seniors
Distribution Channels Covered:
• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies
• Supermarkets and Hypermarkets
• Other Distribution Channels
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cough Remedies Market, By Product Type
5.1 Introduction
5.2 Antibiotics
5.3 Expectorants
5.4 Antihistamines
5.5 Bronchodilators
5.6 Decongestants
5.7 Herbal/Natural Remedies
5.8 Other Product Types
6 Global Cough Remedies Market, By Target Symptoms
6.1 Introduction
6.2 Dry Cough
6.3 Wet Cough
6.4 Sore Throat Cough
6.5 Congestion Cough
7 Global Cough Remedies Market, By Dosage Form
7.1 Introduction
7.2 Syrups
7.3 Tablets/Pills
7.4 Lozenges
7.5 Nasal Drops
8 Global Cough Remedies Market, By Age group
8.1 Introduction
8.2 Infants and Toddlers
8.3 Children
8.4 Adults
8.5 Seniors
9 Global Cough Remedies Market, By Distribution Channel
9.1 Introduction
9.2 Retail Pharmacies
9.3 Hospital Pharmacies
9.4 Online Pharmacies
9.5 Supermarkets and Hypermarkets
9.6 Other Distribution Channels
10 Global Cough Remedies Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 AstraZeneca plc
12.2 Bayer AG
12.3 Boehringer Ingelheim International GmbH
12.4 Church & Dwight Co., Inc.
12.5 Cipla Limited
12.6 Dr. Reddy's Laboratories Ltd.
12.7 Efficient Laboratories
12.8 Genexa
12.9 GlaxoSmithKline plc
12.10 Glenmark Pharmaceuticals Limited
12.11 GSK plc.
12.12 Merck & Co., Inc.
12.13 Mundipharma International Limited
12.14 Novartis AG
12.15 Pfizer Inc.
12.16 Reckitt Benckiser Group plc
12.17 Sanofi S.A.
12.18 Sun Pharmaceutical Industries Ltd.
12.19 Takeda Pharmaceutical Company Limited
12.20 Teva Pharmaceutical Industries Ltd.
List of Tables
1 Global Cough Remedies Market Outlook, By Region (2021-2030) ($MN)
2 Global Cough Remedies Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Cough Remedies Market Outlook, By Antibiotics (2021-2030) ($MN)
4 Global Cough Remedies Market Outlook, By Expectorants (2021-2030) ($MN)
5 Global Cough Remedies Market Outlook, By Antihistamines (2021-2030) ($MN)
6 Global Cough Remedies Market Outlook, By Bronchodilators (2021-2030) ($MN)
7 Global Cough Remedies Market Outlook, By Decongestants (2021-2030) ($MN)
8 Global Cough Remedies Market Outlook, By Herbal/Natural Remedies (2021-2030) ($MN)
9 Global Cough Remedies Market Outlook, By Other Product Types (2021-2030) ($MN)
10 Global Cough Remedies Market Outlook, By Target Symptoms (2021-2030) ($MN)
11 Global Cough Remedies Market Outlook, By Dry Cough (2021-2030) ($MN)
12 Global Cough Remedies Market Outlook, By Wet Cough (2021-2030) ($MN)
13 Global Cough Remedies Market Outlook, By Sore Throat Cough (2021-2030) ($MN)
14 Global Cough Remedies Market Outlook, By Congestion Cough (2021-2030) ($MN)
15 Global Cough Remedies Market Outlook, By Dosage Form (2021-2030) ($MN)
16 Global Cough Remedies Market Outlook, By Syrups (2021-2030) ($MN)
17 Global Cough Remedies Market Outlook, By Tablets/Pills (2021-2030) ($MN)
18 Global Cough Remedies Market Outlook, By Lozenges (2021-2030) ($MN)
19 Global Cough Remedies Market Outlook, By Nasal Drops (2021-2030) ($MN)
20 Global Cough Remedies Market Outlook, By Age group (2021-2030) ($MN)
21 Global Cough Remedies Market Outlook, By Infants and Toddlers (2021-2030) ($MN)
22 Global Cough Remedies Market Outlook, By Children (2021-2030) ($MN)
23 Global Cough Remedies Market Outlook, By Adults (2021-2030) ($MN)
24 Global Cough Remedies Market Outlook, By Seniors (2021-2030) ($MN)
25 Global Cough Remedies Market Outlook, By Distribution Channel (2021-2030) ($MN)
26 Global Cough Remedies Market Outlook, By Retail Pharmacies (2021-2030) ($MN)
27 Global Cough Remedies Market Outlook, By Hospital Pharmacies (2021-2030) ($MN)
28 Global Cough Remedies Market Outlook, By Online Pharmacies (2021-2030) ($MN)
29 Global Cough Remedies Market Outlook, By Supermarkets and Hypermarkets (2021-2030) ($MN)
30 Global Cough Remedies Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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