Market Size of Cough Hypersensitivity Syndrome Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Cough Hypersensitivity Syndrome Treatment Market Analysis
The cough hypersensitivity syndrome treatment market is expected to register a CAGR of 5.5% over the forecast period. The market is projected to register moderate growth over the forecast period, which can be attributed to factors, such as humid climate, unhealthy lifestyle, and rising incidence of diseases.
Cough is a common disease affecting millions of people worldwide. The rise in the prevalence of chronic respiratory diseases globally is leading to an increase in chronic cough conditions globally. Thus, the growing burden of disease offers a promising future for the global market. Although some studies suggest that the risk of developing cough may be increased, due to other certain factors, such as asthma, smoking, hot and humid climate, and viral or bacterial infection.
As per the WHO, cough is ranked as the most prevalent disease globally. Most of the novel products are reformulated drugs with improvised vehicles or combinatorial therapies. The treatment algorithm is witnessing a paradigm shift from small molecules towards natural therapies and biologics. Combination therapies have also been gaining popularity over the last few years. Most industry-sponsored products are in clinical trials.
In addition, the key players are focusing on making cough syrup of pleasant taste and easy intake for oral use. The growing disease burden includes majority of pediatric population as they have lower immunity level compared to adults. Most pediatric patients prefer liquid as dosage forms. Growing demand of cough remedies is driven by the presence of routinely monitored formulations, technological advancement in the field of drug delivery systems, and increasing awareness amongst patients. However, drug abuse and dependence on cough hypersensitivity syndrome drugs are the factors that are expected to restrict the market's growth.
Cough Hypersensitivity Syndrome Treatment Industry Segmentation
This report forecasts the growth in revenue at the global, regional, and country levels. It provides an analysis of the latest trends and opportunities in each of the sub-segments from 2017 to 2025. For the purpose of this study, Mordor Intelligence has segmented the global hypersensitivity syndrome treatment market report on the basis of drug class and distribution channel and region.
By Drug Class | |
Antitussive Agents | |
Inhaled Corticosteroids (ICS) | |
Short Acting Beta2-Agonists (SABA) | |
Anti-cholinergics | |
Antihistamines | |
Proton Pump Inhibitors | |
Other Drug Classes |
By End User | |
Hospital Pharmacies | |
Retail Pharmacies | |
Online Pharmacies |
Geography | ||||||||
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Cough Hypersensitivity Syndrome Treatment Market Size Summary
The cough hypersensitivity syndrome treatment market is poised for moderate growth, driven by factors such as humid climates, unhealthy lifestyles, and the increasing incidence of chronic respiratory diseases. Cough, being one of the most prevalent diseases globally, is exacerbated by conditions like asthma, smoking, and infections, contributing to the rising demand for effective treatments. The market is witnessing a shift towards natural therapies and biologics, with combination therapies gaining traction. Key players are focusing on developing cough syrups with improved taste and ease of use, particularly for the pediatric population, who prefer liquid dosage forms. Despite the growing demand, challenges such as drug abuse and dependence pose potential restrictions on market expansion.
The retail pharmacy segment leads the market due to its accessibility and the convenience it offers, with online pharmacies emerging as the fastest-growing segment due to doorstep delivery and competitive pricing. North America holds a significant market share, supported by major players and high disease burden, while the Asia-Pacific region is expected to experience rapid growth, fueled by strategic partnerships and increased awareness. The competitive landscape features both global and local players, with companies like Johnson & Johnson, Bayer AG, and GlaxoSmithKline plc focusing on developing long-acting products and expanding their geographic presence through collaborations.
Cough Hypersensitivity Syndrome Treatment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Expanding Target Audience
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1.2.2 Robust Pipeline and the Introduction of Novel Therapies
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1.2.3 Increasing Government Initiatives
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1.3 Market Restraints
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1.3.1 Drug Abuse and Dependency
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Drug Class
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2.1.1 Antitussive Agents
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2.1.2 Inhaled Corticosteroids (ICS)
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2.1.3 Short Acting Beta2-Agonists (SABA)
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2.1.4 Anti-cholinergics
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2.1.5 Antihistamines
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2.1.6 Proton Pump Inhibitors
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2.1.7 Other Drug Classes
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2.2 By End User
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2.2.1 Hospital Pharmacies
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2.2.2 Retail Pharmacies
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2.2.3 Online Pharmacies
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Cough Hypersensitivity Syndrome Treatment Market Size FAQs
What is the current Cough Hypersensitivity Syndrome Treatment Market size?
The Cough Hypersensitivity Syndrome Treatment Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Cough Hypersensitivity Syndrome Treatment Market?
Johnson & Johnson, Bayer AG, Teva Canada Limited., GlaxoSmithKline plc and Pfizer are the major companies operating in the Cough Hypersensitivity Syndrome Treatment Market.