LATIN AMERICA COUGH SYRUP MARKET 2022-2028

Lifesciences | Pharmaceuticals

LATIN AMERICA COUGH SYRUP MARKET 2022-2028

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

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As per Triton’s research report, the cough syrup market in Latin America is anticipated to witness growth at a CAGR of 2.36% during the forecasting years 2022 to 2028.


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The countries evaluated in the region are:

•         Brazil

•         Mexico

•         Rest of Latin America

Brazil secures the majority of the share in the cough syrup market. In the region, upper respiratory infections, chronic obstructive pulmonary disease, tuberculosis, and lung cancer are major causes of mortality. COPD is rising at a rapid rate across Mexico, Brazil, Argentina, and others. Here, tobacco has gained significant attention, leading to a rise in COPD risk among the population. The rising prevalence of COPD and asthma are majorly increasing the demand for cough syrups. Furthermore, increased air pollution levels also drive the cough syrup market’s growth.

Chronic obstructive pulmonary disease is highly prevalent in Brazil. Besides this, asthma is prevalent among children and adolescents. These diseases are major health burdens affecting the country. Furthermore, rapid industrialization and urbanization have increased air pollution to a large extent, creating a high risk of contracting respiratory diseases. These conditions are also fueled by occupational exposure. These factors have increased the consumption rate of cough syrups over the recent years. Therefore, the rise in respiratory conditions, increase in air pollution, and urbanization activities are propelling the Brazilian cough syrup market on a progressive path.

On the other hand, air pollution is a major cause of death in Mexico. Air pollution has increased the risk of chronic lung disease and acute respiratory infections. Hence, the rising pollution levels have surged the demand for cough syrups, influencing the cough syrup market’s growth.

A retail pharmacy is a major distribution channel for companies to provide medications to people, along with health advice. Retail pharmacies provide all types of cough syrups. Moreover, they track customer details to track the sale of cough syrups and other medications. Several companies such as Abbott, Novartis, and others market their products via retail pharmacies. The cough syrup market’s growth is determined based on distribution channel, product type, and age group. Based on the distribution channel, it is sectioned into retail, hospital, and online pharmacies.

Leading firms in the studied market consist of Novartis International AG, Reckitt Benckiser Group Plc, Sanofi SA, Pfizer Inc, and The Himalaya Drug Company.

Novartis International AG researches, develops, and markets healthcare products. Its innovative medicines division provides patented prescription medications and commercializes products in oncology, immunology, respiratory, and established medicines. Additionally, its Sandoz division offers active ingredients and dosages in the areas of cardiovascular, dermatology, respiratory, gastrointestinal, etc. Novartis has operations across numerous countries, including the Latin American nations.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies

   Comprehensive information and estimation of the cough syrup market revenue growth in Latin America and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

      A wide-ranging study of factors that will challenge the LA cough syrup market’s growth during the upcoming years

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Table of Content

1. LATIN AMERICA 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. LATIN AMERICA COUGH SYRUP MARKET OUTLOOK - BY PRODUCT TYPE

3.1. COUGH SUPPRESSANTS/ANTITUSSIVES

3.2. COMBINATION MEDICATIONS

3.3. EXPECTORANTS

4. LATIN AMERICA COUGH SYRUP MARKET OUTLOOK - BY AGE GROUP

4.1. ADULT

4.2. PEDIATRIC

5. LATIN AMERICA COUGH SYRUP MARKET OUTLOOK - BY DISTRIBUTION CHANNEL

5.1. RETAIL PHARMACY

5.2. HOSPITAL PHARMACY

5.3. ONLINE PHARMACY

6. LATIN AMERICA COUGH SYRUP MARKET – COUNTRY OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

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

TABLE 2: VENDOR SCORECARD

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

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

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

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

TABLE 7: LATIN AMERICA COUGH SYRUP MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

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

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

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

FIGURE 9: LATIN AMERICA COUGH SYRUP MARKET, BY DISTRIBUTION CHANNELS, 2021 & 2028 (IN %)

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

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

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

FIGURE 13: LATIN AMERICA COUGH SYRUP MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

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

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

FIGURE 16: REST OF LATIN AMERICA COUGH SYRUP MARKET 2022-2028 (IN $ MILLION)

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