GLOBAL COUGH SYRUP MARKET 2022-2028

Lifesciences | Pharmaceuticals

GLOBAL COUGH SYRUP MARKET 2022-2028

Market by Product Type, Age Group, Distribution Channel, and Regional Outlook | Forecast 2022-2028

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Cough syrups are a class of medications used to treat cough, runny nose, and sneezing caused by a common cold, hay fever, or other upper respiratory allergies. They encompass a wide range of medications, including antihistamines, decongestants, and analgesics. It also includes medications promoted as expectorants, cough suppressants, or antitussives. 

According to Triton Market Research’s report, the Global Cough Syrup Market is likely to grow with a CAGR of 3.27% in the forecast period 2022-2028. The market was valued at $5.99 billion in 2021 and is expected to reach a revenue of $7.53 billion by 2028.

Click here to check out our blog on the Global Cough Syrup Market

MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND TRENDS

The market is driven by several factors, such as the rise in the older population and increasing chronic respiratory diseases. The world’s older population is continuously growing at an unprecedented rate. According to the Population Division of the United Nations, in 2020, an estimated 727 million persons aged 65 years or over worldwide. The increase in the aging population presents several public health challenges. Chronic cough is an emerging problem in the geriatric population, with a high prevalence and clinical heterogeneity. Besides, compared to younger adults, elderly patients may have more chronic cough issues related to reflux, medications, or lung parenchymal diseases. Furthermore, the postnasal drip, nasal drainage, coughing, sneezing, and nasal dryness increase with age. As a result, the increased geriatric population is driving the growth of the cough syrup market.

On the other hand, strict government regulations and restrictions affect market growth. Many governments are formulating rules and regulations to stop the abuse of medicines containing narcotics and their smuggling. Codeine is a prescription opioid pain reliever that functions as a cough suppressant. Governments are compelling pharmaceutical companies to improve the monitoring of codeine-based cough medication supply. Furthermore, some countries are banning the production and import of cough syrup containing codeine. For example, Nigeria prohibited the import and manufacturing of cough syrup containing codeine in May 2018. Such restrictions cause companies to incur heavy losses.

Furthermore, the growing preference for homeopathic cough syrups creates numerous opportunities for the market. According to industry estimates, traditional herbal medicine is used by 80% of the world’s population for primary healthcare. The global demand for herbal remedies is escalating despite medical and technological advancements. The herbal ingredients such as tulsi, honey, etc., are used in manufacturing herbal cough syrups. Herbal ingredients are natural and less likely to cause any potential side effects, instantly working on a sore throat, wheezing and runny nose, and breathing shortness. With their expectorant and heating action, they can easily liquefy mucus and relieve respiratory distress. As a result, herbal cough syrups have become a more popular alternative to standard cough syrups in recent years.


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KEY GEOGRAPHIES COVERED:

•         North America: United States and Canada

•         Europe: United Kingdom, France, Germany, Spain, Italy, and Rest of Europe

•         Asia-Pacific: China, Japan, India, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific

•         Latin America: Brazil, Mexico, and Rest of Latin America

•         Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

 

SEGMENTATION ANALYSIS – COUGH SYRUP MARKET:

•         Market by Product Type:

          o         Cough Suppressants/Antitussives

          o         Combination Medications

          o         Expectorants

Cough suppressants/antitussives lead the market in terms of revenue. Cough suppressants, also called antitussives, block the cough reflex, reducing the risk of coughing. The most frequent active component in cough suppressants is dextromethorphan (DM). Furthermore, antihistamines or decongestants are used in cough suppressants. Johnson and Johnson, Proctor and Gamble Co, GlaxoSmithKline, etc., provide cough syrups containing cough suppressants. For Example, Johnson and Johnson offer Benadryl cough syrup.

•         Market by Age Group:

          o         Adult

          o         Pediatric

•         Market by Distribution Channel:

          o         Retail Pharmacy

          o         Hospital Pharmacy

          o         Online Pharmacy

Online Pharmacy is estimated to progress with the highest CAGR during the forecast period. An online pharmacy, often known as an internet pharmacy, sells pharmaceuticals and medicines over the internet and delivers them to consumers by mail, shipping companies, or an online pharmacy web portal. All types of cough syrups, such as herbal cough syrups, homeopathic cough syrups, etc., are sold through online pharmacies by leading players. Amazon Pharmacy, Blink Health, PharmEasy, Apollo 247, 1mg, etc., are some online pharmacy companies.

 

COMPETITIVE LANDSCAPE:

The competitive landscape helps dive into data about the key players in the cough syrup market. The strategic initiatives for each of the companies considered have been covered in detail.

Acquisition (April 2021): Sanofi SA

Sanofi purchased Kiadis, a clinical-stage biopharmaceutical company, for $328.08 million.

Divestiture (April 2021): AstraZeneca Plc

AstraZeneca sold its 26.7% stake in Viela Bio Inc as part of Horizon Therapeutics Plc proposed purchase of Viela.

 

 

Key Benefits of the Report:

    Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.

 

      Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.

 

  The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.

 

     The scope of the market report comprises the current scenario of the global cough syrup market, along with the detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2022-2028.

 

FAQs:

Q 1) Which is the fastest-growing product type in the cough syrup market?

Combination medications are the fastest-growing product type in the cough syrup market.

Q 2) Which age group segment captured the largest market share in the cough syrup market in 2021?

In 2021, the adult segment of the age group category captured the largest market share in the cough syrup market. 

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Table of Content

1. GLOBAL COUGH SYRUP MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE COUGH SYRUP MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING DEMAND FOR HERBAL COUGH SYRUPS

2.2.2. COMPANIES PROVIDE SUGAR-FREE COUGH SYRUPS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. MERGERS & ACQUISITIONS

2.6.2. DIVESTITURES

2.7. MARKET DRIVERS

2.7.1. INCREASING CHRONIC RESPIRATORY DISEASES

2.7.2. RISE IN OLDER POPULATION

2.8. MARKET CHALLENGES

2.8.1. OVERDOSE RISK

2.8.2. STRICT GOVERNMENT REGULATIONS AND RESTRICTIONS

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASE IN CHILD-FRIENDLY COUGH SYRUP FLAVORS

2.9.2. GROWING PREFERENCE FOR HOMEOPATHIC COUGH SYRUPS

2.9.3. SPECIAL PEDIATRIC COUGH SYRUPS

3. GLOBAL COUGH SYRUP MARKET OUTLOOK - BY PRODUCT TYPE

3.1. COUGH SUPPRESSANTS/ANTITUSSIVES

3.2. COMBINATION MEDICATIONS

3.3. EXPECTORANTS

4. GLOBAL COUGH SYRUP MARKET OUTLOOK - BY AGE GROUP

4.1. ADULT

4.2. PEDIATRIC

5. GLOBAL COUGH SYRUP MARKET OUTLOOK - BY DISTRIBUTION CHANNEL

5.1. RETAIL PHARMACY

5.2. HOSPITAL PHARMACY

5.3. ONLINE PHARMACY

6. GLOBAL COUGH SYRUP MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1. MARKET BY PRODUCT TYPE

6.1.2. MARKET BY AGE GROUP

6.1.3. MARKET BY DISTRIBUTION CHANNEL

6.1.4. COUNTRY ANALYSIS

6.1.4.1. UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1. MARKET BY PRODUCT TYPE

6.2.2. MARKET BY AGE GROUP

6.2.3. MARKET BY DISTRIBUTION CHANNEL

6.2.4. COUNTRY ANALYSIS

6.2.4.1. UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. SPAIN

6.2.4.5. ITALY

6.2.4.6. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET BY PRODUCT TYPE

6.3.2. MARKET BY AGE GROUP

6.3.3. MARKET BY DISTRIBUTION CHANNEL

6.3.4. COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET BY PRODUCT TYPE

6.4.2. MARKET BY AGE GROUP

6.4.3. MARKET BY DISTRIBUTION CHANNEL

6.4.4. COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST & AFRICA

6.5.1. MARKET BY PRODUCT TYPE

6.5.2. MARKET BY AGE GROUP

6.5.3. MARKET BY DISTRIBUTION CHANNEL

6.5.4. COUNTRY ANALYSIS

6.5.4.1. UNITED ARAB EMIRATES

6.5.4.2. SAUDI ARABIA

6.5.4.3. TURKEY

6.5.4.4. SOUTH AFRICA

6.5.4.5. REST OF MIDDLE EAST & AFRICA

7. COMPETITIVE LANDSCAPE

7.1. ABBOTT LABORATORIES

7.2. ACELLA PHARMACEUTICALS LLC

7.3. ASTRAZENECA PLC

7.4. CIPLA LIMITED

7.5. DABUR INDIA LTD

7.6. GLAXOSMITHKLINE

7.7. GLENMARK PHARMACEUTICALS LIMITED

7.8. JOHNSON AND JOHNSON

7.9. MERCK KGAA

7.10. NOVARTIS INTERNATIONAL AG

7.11. PFIZER INC

7.12. PROCTOR AND GAMBLE CO

7.13. RECKITT BENCKISER GROUP PLC

7.14. SANOFI SA

7.15. THE HIMALAYA DRUG COMPANY

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL COUGH SYRUP MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: COUNTRIES WITH THE LARGEST PERCENTAGE OF TOTAL POPULATION OVER 65 YEARS IN 2020

TABLE 4: GLOBAL COUGH SYRUP MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: GLOBAL COUGH SYRUP MARKET, BY AGE GROUP, 2022-2028 (IN $ MILLION)

TABLE 6: GLOBAL COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 7: GLOBAL COUGH SYRUP MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA COUGH SYRUP MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA COUGH SYRUP MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA COUGH SYRUP MARKET, BY AGE GROUP, 2022-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 12: EUROPE COUGH SYRUP MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 13: EUROPE COUGH SYRUP MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 14: EUROPE COUGH SYRUP MARKET, BY AGE GROUP, 2022-2028 (IN $ MILLION)

TABLE 15: EUROPE COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 16: ASIA-PACIFIC COUGH SYRUP MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 17: ASIA-PACIFIC COUGH SYRUP MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 18: ASIA-PACIFIC COUGH SYRUP MARKET, BY AGE GROUP, 2022-2028 (IN $ MILLION)

TABLE 19: ASIA-PACIFIC COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 20: LATIN AMERICA COUGH SYRUP MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 21: LATIN AMERICA COUGH SYRUP MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 22: LATIN AMERICA COUGH SYRUP MARKET, BY AGE GROUP, 2022-2028 (IN $ MILLION)

TABLE 23: LATIN AMERICA COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

TABLE 24: MIDDLE EAST AND AFRICA COUGH SYRUP MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 25: MIDDLE EAST AND AFRICA COUGH SYRUP MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 26: MIDDLE EAST AND AFRICA COUGH SYRUP MARKET, BY AGE GROUP, 2022-2028 (IN $ MILLION)

TABLE 27: MIDDLE EAST AND AFRICA COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: GLOBAL COUGH SYRUP MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3: GLOBAL COUGH SYRUP MARKET, BY COUGH SUPPRESSANTS/ANTITUSSIVES, 2022-2028 (IN $ MILLION)

FIGURE 4: GLOBAL COUGH SYRUP MARKET, BY COMBINATION MEDICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 5: GLOBAL COUGH SYRUP MARKET, BY EXPECTORANTS, 2022-2028 (IN $ MILLION)

FIGURE 6: GLOBAL COUGH SYRUP MARKET, BY AGE GROUP, 2021 & 2028 (IN %)

FIGURE 7: GLOBAL COUGH SYRUP MARKET, BY ADULT, 2022-2028 (IN $ MILLION)

FIGURE 8: GLOBAL COUGH SYRUP MARKET, BY PEDIATRIC, 2022-2028 (IN $ MILLION)

FIGURE 9: GLOBAL COUGH SYRUP MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028 (IN %)

FIGURE 10: GLOBAL COUGH SYRUP MARKET, BY RETAIL PHARMACY, 2022-2028 (IN $ MILLION)

FIGURE 11: GLOBAL COUGH SYRUP MARKET, BY HOSPITAL PHARMACY, 2022-2028 (IN $ MILLION)

FIGURE 12: GLOBAL COUGH SYRUP MARKET, BY ONLINE PHARMACY, 2022-2028 (IN $ MILLION)

FIGURE 13: GLOBAL COUGH SYRUP MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 14: UNITED STATES COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 15: CANADA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 16: UNITED KINGDOM COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 17: GERMANY COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 18: FRANCE COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 19: SPAIN COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: ITALY COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: REST OF EUROPE COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: CHINA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: JAPAN COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: INDIA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: SOUTH KOREA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: ASEAN COUNTRIES COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: AUSTRALIA & NEW ZEALAND COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: REST OF ASIA-PACIFIC COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: BRAZIL COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: MEXICO COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: REST OF LATIN AMERICA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: UNITED ARAB EMIRATES COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: SAUDI ARABIA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: TURKEY COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: SOUTH AFRICA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: REST OF MIDDLE EAST & AFRICA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

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