According to Stratistics MRC, the Global Cough Remedies Market is accounted for $8.1 billion in 2023 and is expected to reach $11.2 billion by 2030 growing at a CAGR of 4.7% during the forecast period.
Cough remedies encompass a range of approaches aimed at alleviating the discomfort and symptoms associated with coughing, a common respiratory ailment. These remedies often include both traditional and modern approaches, such as over-the-counter medications, natural remedies, and lifestyle changes. Common over-the-counter options include cough suppressants, expectorants, and throat lozenges, which aim to soothe the throat and reduce coughing frequency. Natural remedies like honey, herbal teas, and steam inhalation are also popular choices, known for their soothing and anti-inflammatory properties.
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The Asia-Pacific region has seen substantial growth due to rising urbanization, changing lifestyles, and increasing air pollution levels, which have contributed to a higher prevalence of respiratory illnesses, leading to a greater demand for cough remedies. Additionally, growing awareness about healthcare and self-medication practices has further fueled market expansion. The availability of a wide range of cough remedies, including herbal and over-the-counter medications, caters to diverse consumer preferences. Expanding pharmaceutical infrastructure and initiatives to improve healthcare access in emerging economies have also facilitated market growth.
Some of the key players in Cough Remedies market include AstraZeneca plc, Bayer AG, Boehringer Ingelheim International GmbH , Church & Dwight Co., Inc., Cipla Limited, Dr. Reddy’s Laboratories Ltd., Efficient Laboratories, Genexa , GlaxoSmithKline plc, Glenmark Pharmaceuticals Limited, GSK plc., Merck & Co., Inc., Mundipharma International Limited, Novartis AG, Pfizer Inc., Reckitt Benckiser Group plc, Sanofi S.A., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited and Teva Pharmaceutical Industries Ltd.
Key Developments:
In October 2023, Efficient Laboratories, a Puerto Rican company dedicated to the distribution of its own health care brands, launched a new product, ROMPE PECHITO ®, an over-the-counter medicine for children to relieve cold symptoms.
In September 2023, Genexa introduced new clean over-the-counter (OTC) kids’ medicine innovations, further reinforcing the company’s pioneering role in bringing clean, effective medicines to consumers. The new Kids’ Multi-Symptom Cold & Flu and Kids’ Daytime + Nighttime Cough Relief Value Pack provide parents with much-needed clean OTC options with the same effective active ingredients as legacy brands but without any dyes and artificial sweeteners, parabens, or common allergens.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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