The oral expectorant global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Oral Expectorant Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The oral expectorant market size has grown steadily in recent years. It will grow from $3.99 billion in 2023 to $4.18 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to increasing prevalence of respiratory illnesses, rising demand for over-the-counter medications, growing geriatric population, rising pollution levels, increasing awareness about respiratory health, and expansion of pharmaceutical distribution channels.
The oral expectorant market size is expected to see steady growth in the next few years. It will grow to $5.03 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing investments in research and development, increasing investments in research and development, growing demand for natural and herbal expectorants, regulatory approvals for new products, rising healthcare expenditure, and adoption of innovative marketing strategies. Major trends in the forecast period include integration of digital health platforms for medication management, shift towards sustainable packaging and manufacturing practices, development of combination therapies targeting multiple respiratory symptoms, personalized medicine approaches based on genetic profiling, emphasis on patient-centric care and telemedicine services, and utilization of artificial intelligence and big data analytics for drug discovery and development.
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Scope Of Oral Expectorant Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Oral Expectorant Market Overview
Market Drivers –
The rise in respiratory illnesses is expected to propel the growth of the oral expectorant market going forward. Respiratory illnesses refer to diseases and conditions that affect the respiratory system, including the lungs, airways, and other structures involved in breathing. The number of respiratory illness cases occurs due to air pollution, smoking, respiratory infections, and a rise in chronic conditions such as asthma and chronic obstructive pulmonary disease (COPD). Oral expectorants alleviate symptoms and improve respiratory health for individuals with respiratory illnesses. They also help in clearing mucus, ease breathing, and support overall recovery and well-being. For instance, in May 2024, according to the data published by the National Center for Health Statistics (NCHS), a U.S.-based health statistics agency, the prevalence of current asthma among adults aged 18 and over in the United States increased from 8.4% in 2021 to 8.7% in 2022. Additionally, the incidence of asthma episodes in the past 12 months for adults in the same age group rose from 3.3% in 2021 to 3.7% in 2022. Furthermore, in September 2022, according to the article published by The Lancet, a UK-based book and periodic data publishing organization, 11,255 new cases of respiratory syncytial virus (RSV) that causes respiratory illness were recorded in the 2021 summer, which is 9.50% more compared to 10,280 cases in winter 2020–21. Therefore, an increasing number of corporate travelers is driving the oral expectorant market.
Market Trends –
Major companies operating in the oral expectorant market are incorporating the use of clean ingredients, such as organic blueberry flavor, to cater to health-conscious consumers and meet rising demand for natural products. An organic blueberry-flavored expectorant is a medicinal syrup designed to help clear mucus from the respiratory tract, enhanced with natural blueberry flavoring to improve taste and appeal. For instance, in November 2022, Genexa Inc., a US-based clean medicine company, launched a new cough and chest congestion medicine for adults, offering consumers a clean and practical choice for the cold and flu season. The medicine has a natural blueberry flavor, making it a more palatable option for consumers. This new product is the first maximum-strength cough suppressant and expectorant from Genexa, designed to control cough, relieve chest congestion, and help thin and loosen mucus. It replaces the artificial, inactive ingredients category leaders use with a clean alternative. The launch aims to provide consumers with better options for cold and flu season and beyond, addressing concerns about artificial ingredients in medicines.
The oral expectorant market covered in this report is segmented –
1) By Drug Type: Secretion Enhancer, Mucolytics
2) By Dosage Form: Oral Solids, Oral Liquids, Inhalants
3) By Medication: Prescription drugs, Over The Counter Drugs
4) By Distribution Channel: Hospital Pharmacy, Retail Store And Drug Store, Online Pharmacies
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Regional Insights –
North America was the largest region in the oral expectorant market in 2023. The regions covered in the oral expectorant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the oral expectorant market are <b>Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, Abbott Laboratories Ltd, Novartis AG, Takeda Pharmaceutical Company Limited, GlaxoSmithKline (GSK) plc, Merck KGaA, Reckitt Benckiser Group PLC, Viatris Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., AstraZeneca plc , Aurobindo Pharma, Cipla Inc., Dr. Reddy’s Laboratories, Hikma Pharmaceuticals PLC, C.H. Boehringer Sohn AG And Co. KG , Lupin Pharmaceuticals, Taro Pharmaceutical Industries Ltd., Perrigo Company plc, Biocon India Private Limited, Cadila Healthcare Ltd., Wockhardt Ltd, Genexa Inc.</b>
Table of Contents
1. Executive Summary
2. Oral Expectorant Market Report Structure
3. Oral Expectorant Market Trends And Strategies
4. Oral Expectorant Market – Macro Economic Scenario
5. Oral Expectorant Market Size And Growth
…..
27. Oral Expectorant Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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