Market Size of Cough Remedies Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cough Remedies Market Analysis
The global cough remedies market size is expected to grow at a CAGR of 7.1% over the forecast period. The market is projected to exhibit moderate growth over the forecast period, which can be attributed to factors such as humid climate, unhealthy lifestyle, and rising disease incidence.
Cough is a common disease condition, affecting millions of people worldwide. As per the World Health Organization, in 2018, there were 151,074 pertussis cases reported globally. Pertussis that is whooping cough is a common endemic disease in the United States. Thus, the growing disease burden 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 can trigger the condition.
As per the WHO, cough condition is ranked as the most prevalent disease across the globe. 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, 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, side effects associated with cough remedies may restrict the market growth.
Cough Remedies Industry Segmentation
Cough, also known as tussis, is a voluntary or involuntary act that clears the throat and breathing passage of foreign particles, microbes, irritants, fluids, and mucus; it is a rapid expulsion of air from the lungs. Cough remedies market is segmented by product type, dosage form, and geography.
| By Product Type | |
| Antihistamine | |
| Expectorant | |
| Bronchodilator | |
| Decongestant | |
| Antibiotic |
| By Dosage Form | |
| Oral Syrup | |
| Tablets/Pills | |
| Nasal Drop | |
| Lozenge |
| Geography | ||||||||
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Cough Remedies Market Size Summary
The cough remedies market is poised for moderate growth, driven by factors such as humid climates, unhealthy lifestyles, and the increasing incidence of diseases like pertussis. Cough is a prevalent condition globally, with a significant impact on the pediatric population due to their lower immunity levels. The market is witnessing a shift towards natural therapies and biologics, with combination therapies gaining popularity. Key players are focusing on developing cough syrups with pleasant tastes and easy oral intake to cater to the preferences of pediatric patients. Technological advancements in drug delivery systems and increased patient awareness are further propelling market demand, although side effects associated with cough remedies may pose challenges to growth.
The oral syrup segment dominates the market due to its high efficacy, bioavailability, and rapid drug delivery. This segment's growth is supported by the development of new drugs and a robust clinical pipeline. North America leads the market, driven by the presence of major players and a high disease burden, while the Asia-Pacific region is expected to experience the fastest growth due to strategic partnerships and increased awareness efforts. The competitive landscape includes global and local players, with companies like Johnson & Johnson, Bayer, and GlaxoSmithKline adopting strategies focused on developing effective products with fewer side effects and expanding their market presence through collaborations.
Cough Remedies 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 Growing Awareness About Cough Remedies
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1.2.2 Increasing Demand for Over-the-Counter (OTC) Products
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1.2.3 Integration of Advanced Medicines
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1.3 Market Restraints
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1.3.1 Side Effects Associated with Cough Remedies
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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 Product Type
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2.1.1 Antihistamine
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2.1.2 Expectorant
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2.1.3 Bronchodilator
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2.1.4 Decongestant
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2.1.5 Antibiotic
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2.2 By Dosage Form
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2.2.1 Oral Syrup
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2.2.2 Tablets/Pills
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2.2.3 Nasal Drop
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2.2.4 Lozenge
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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 Remedies Market Size FAQs
What is the current Cough Remedies Market size?
The Cough Remedies Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Cough Remedies Market?
Johnson & Johnson, Bayer, Reckitt Benckiser Group plc, GlaxoSmithKline plc and Pfizer are the major companies operating in the Cough Remedies Market.
