Categories: Healthcare

Cough Remedies Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights

Overview and Scope

Cough remedies are treatments or methods used to alleviate symptoms associated with coughing, such as irritation, inflammation, or congestion in the respiratory tract. These remedies aim to provide relief from common respiratory issues that reduce the urge to cough and expectorants to help expel mucus from the airways.

Sizing and Forecast

The cough remedies market size has grown strongly in recent years. It will grow from $10.19 billion in 2023 to $11.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rising government healthcare expenditure, growing awareness of natural cough remedies, increased vehicle emissions.

The cough remedies market size is expected to see strong growth in the next few years. It will grow to $15.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising prevalence of respiratory diseases, growing geriatric population, innovation in cough treatments, high demand for otc products, increasing air pollution, growing awareness of self-care. Major trends in the forecast period include investments, company partnerships, ozenge and candy innovations.

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Segmentation & Regional Insights

The cough remedies market covered in this report is segmented –

1) By Product Type: Expectorants , Antihistamine, Bronchodilator, Decongestants, Antibiotics

2) By Dosage Form : Oral Syrup , Tablets Or Pills , Nasal Drop , Lozenges

3) By Age Group : Pediatric, Adult

4) By Distribution channel : Retail Pharmacy, Hospital Pharmacy, Other Pharmacy

North America was the largest region in the cough remedies market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cough remedies 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 respiratory diseases are expected to propel the growth of the cough remedies market going forward. Respiratory diseases encompass a broad spectrum of conditions that affect the organs and tissues involved in breathing and gas exchange in air-breathing animals. The rising respiratory diseases are due to increased exposure to environmental pollutants, overcrowded living conditions, and increased emission of smoke by vehicles. Cough remedies such as expectorants help thin mucus in the airways, making it easier for patients to clear their lungs through coughing. This can help alleviate discomfort and promote healing, especially in patients with sore throats or irritated airways. For instance, in 2021, according to the National Centre for Environmental Health, a US-based health agency, about 25 million (7.7% of the U.S. population) had asthma in 2021, an increase from 20.3 million, or 7.4% compared to the previous decade. Additionally, in June 2023, according to the American Lungs Association, a US-based health agency, about 15.6 million adults (6.4 percent) reported ever being diagnosed with COPD in 2021. Therefore, rising respiratory diseases drive the cough remedies market.

Key Industry Players

Major companies operating in the cough remedies market are Pfizer Inc. , The Procter & Gamble Company (P&G), Johnson & Johnson Inc., Merck & Co. Inc., Bayer AG, Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Reckitt Benckiser Group, Perrigo Lab India Private Limited, Prestige Brands Holdings Inc., Hyland’s Inc., Boiron, Chattem Chemicals Inc., Tris Pharma Inc., Mayne Pharma Inc., Zarbee’s Inc., Genexa Inc.

The cough remedies market report table of contents includes: