Market by Product Type, Age Group, Distribution Channel, and Regional Outlook | Forecast 2022-2028
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.
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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.
Report scope can be customized per your requirements. Request For Customization
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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VIEW REPORT1. 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
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)
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)