Overview and Scope
The cold and cough preparations refer to the medications that are used to treat cold and cough. The drugs for the treatment of cold and cough act on the receptors to which the virus causing the infection gets attached, by antagonizing the action of the receptors and killing the viral infection, thereby reducing congestion by lysing the mucus and dilating the bronchioles constricted by the mucus deposition.
Sizing and Forecast
The cough and cold preparations market size has grown strongly in recent years. It will grow from $80.96 billion in 2023 to $85.36 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to increased prevalence of respiratory diseases, increased incidence of tobacco smoking, global warming, strong economic growth in emerging markets and rise in healthcare expenditure.
The cough and cold preparations market size is expected to see strong growth in the next few years. It will grow to $104.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to increased popularity of e-cigarettes/ vaping, rising obesity levels, large pool of undiagnosed population and government initiatives. Major trends in the forecast period include use of probiotics to treat asthma, advanced bronchodilators launched, new product launches, mergers and collaborations in the market, increasing demand for personalized medicines, demand for aerosol respiratory drugs, rise of generic respiratory drugs and combination drug therapy to treat copd.
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Segmentation & Regional Insights
The cough and cold preparations market covered in this report is segmented –
1) By Drug Type: Antihistamines, Expectorants, Bronchodilators, Decongestants, Antibiotics, Other Drug Types.
2) By Dosage Type: Oral Syrups, Tablets/Pills, Nasal Drops, Lozenges, Other Dosage Types
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drug Stores, Other Distribution Channels
North America was the largest region in the cold and cough preparation market share in 2023. Middle East is expected to be the fastest-growing region in the global cough and cold preparations market during the forecast period. The regions covered in the cough and cold preparations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising incidence of allergies is expected to fuel the growth of the cough and cold preparations market in the forecast period. There are many respiratory allergies such as pollen, dust, mold, and pet allergies, these allergies are caused due to contaminated outdoor and indoor air. Cough and cold preparations are consumed for treating allergies, which cause cough and cause issues in the respiratory tract. For instance, according to the European Academy of Allergy and Clinical Immunology, a non-profit organization for European clinicians, researchers, and allied health professionals, by 2025, 1 in every 3 people in the European Union is expected to be affected by allergies. Thus, the increase in the incidence of respiratory allergies will bolster the demand for cough and cold preparations, positively affecting the growth of the market.
Key Industry Players
Major companies operating in the cough and cold preparations market report are Johnson & Johnson, GlaxoSmithKline plc, Procter & Gamble, Bayer AG, Reckitt Benckiser Group plc, Novartis AG, Perrigo Company, Sun Pharmaceutical Industries Ltd., Prestige Consumer Healthcare, Blackmores Limited, AFT Pharmaceuticals, Dexa Medica, Glenmark Pharmaceuticals Limited, Wockhardt Ltd, Apnar Pharma LP, Hanmi Pharmaceutical, Cipla Limited, Aurobindo Pharma Limited, KYORIN Holdings, Inc, Nichi-Iko Pharmaceutical Co., Ltd, Otsuka Pharmaceutical Co., Ltd. , China National Pharmaceutical Group Co., Ltd, Shanghai Anovent Pharma, Shanghai Acebright Pharmaceuticals Group Co., Ltd, China Meheco Group Co., Ltd. , Merck & Co, Abbott Laboratories, Boehringer Ingelheim, Roche Holding AG, Vectura Group, Pfizer, Mylan, Teva Pharmaceutical Industries Ltd, Sanofi, W. K. Buckley Limited, BENYLIN, Sanfer, PROBIOMED, PiSA, EMS Pharma, Hypermarcas, Ache, Eurofarma, Biolab Farmaceuticad, Cristalia, Libbs, AstraZeneca, Neopharma, Regal Pharmaceuticals, Adcock Ingram, Aspen Pharmacare
The cough and cold preparations market report table of contents includes:
1. Executive Summary
2. Cough And Cold Preparations Market Characteristics
3. Cough And Cold Preparations Market Trends And Strategies
4. Cough And Cold Preparations Market – Macro Economic Scenario
5. Global Cough And Cold Preparations Market Size and Growth
…..
32. Global Cough And Cold Preparations Market Competitive Benchmarking
33. Global Cough And Cold Preparations Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cough And Cold Preparations Market
35. Cough And Cold Preparations Market Future Outlook and Potential Analysis
36. Appendix
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