Global Cough Syrup Market Set to Reap $7530.40 Million in Value by 2028

According to Triton's report, the global cough syrup market gained $5995.46 million in 2021 and is expected to register progress at 3.27% of CAGR by 2028.

A recent study by Triton Market Research titled 'Global Cough Syrup Market' enlist the Global Analysis and Forecasts by Age Group (Pediatric, Adult), Distribution Channel (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy), Product Type (Combination Medications, Expectorants, Cough Suppressants/Antitussives), and Geography (Latin America, Middle East and Africa, Asia-Pacific, North America, and Europe).

Cough syrups are a sweet, medicated liquid used to relieve coughing. They are composed of anti-allergic properties and mucolytic agents that suppress the thick mucus layer from the airway passage.

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Triton's research report shows the global cough syrup market will grow at a CAGR of 3.27% over the forecasted years from 2022 to 2028 while gathering revenue worth $7530.40 million by 2028.

Cough syrups are often represented as an over-the-counter medication used to treat the common cold, sneezing, runny nose, and other respiratory allergies. The syrup has essential ingredients that clear the blocked airway passage and allow easy breathing. As the world's older population continuously increases, the prevalence of respiratory diseases has soared. Older people are highly prone to chronic diseases such as asthma, upper airway disease, gastroesophageal reflux disease, etc., which boost the demand for cough syrup, thus aiding the market's development.

However, the abuse of drugs present in the syrup has prompted the ban on manufacturing cough syrup across various countries. Factors such as overdose risks from cough syrup and strict government regulations hamper the market's growth.

The cough syrup market is categorized into distribution channel, age group, and product type. The distribution channel is divided into online, retail, and hospital pharmacies. On the other hand, the age group comprises adult and pediatric. Based on product type, it is segmented into combination medications, expectorants, and cough suppressants/antitussives.

The Asia-Pacific dominates the cough syrup market. Increasing greenhouse farming and air pollution have raised the risk of respiratory disorders among the population in the region. Also, household air pollution damages respiratory organs by causing issues such as tuberculosis, asthma, obstructive lung disease, etc. Besides, the growing geriatric population often suffers from respiratory diseases, thereby enhancing the demand for cough syrup.

The key players in the global cough syrup market include Acella Pharmaceuticals LLC, Glaxosmithkline, Glenmark Pharmaceuticals Limited, Dabur India Ltd, Cipla Limited, The Himalaya Drug Company., Novartis International AG, Sanofi SA, Abbott Laboratories, Pfizer Inc, Johnson and Johnson, AstraZeneca Plc, Merck KGAA, Reckitt Benckiser Group Plc, and Proctor and Gamble Co.

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Question & Answer: Cough Syrup Market

Question 1: What elements are aiding in the cough syrup market's development?

Answer: Cough syrups are often represented as an over-the-counter medication used to treat the common cold, sneezing, runny nose, and other respiratory allergies. The syrup has essential ingredients that clear the blocked airway passage and allow easy breathing. As the world's older population continuously increases, the prevalence of respiratory diseases has soared. Older people are highly prone to chronic diseases such as asthma, upper airway disease, gastroesophageal reflux disease, etc., which boost the demand for cough syrup, thus aiding the market's development.

Question 2: What factors hamper the cough syrup market's growth?

Answer: The abuse of drugs present in the syrup has prompted the ban on manufacturing cough syrup across various countries. Factors such as overdose risks from cough syrup and strict government regulations hamper the market's growth

Question 3: Which region dominates the cough syrup market?

Answer: The Asia-Pacific dominates the cough syrup market. Increasing greenhouse farming and air pollution have raised the risk of respiratory disorders among the population in the region. Also, household air pollution damages respiratory organs by causing issues such as tuberculosis, asthma, obstructive lung disease, etc. Besides, the growing geriatric population often suffers from respiratory diseases, thereby enhancing the demand for cough syrup.

Question 4: Which are the key players in the cough syrup market?

Answer: The key players in the global cough syrup market include Acella Pharmaceuticals LLC, Glaxosmithkline, Glenmark Pharmaceuticals Limited, Dabur India Ltd, Cipla Limited, The Himalaya Drug Company., Novartis International AG, Sanofi SA, Abbott Laboratories, Pfizer Inc, Johnson and Johnson, AstraZeneca Plc, Merck KGAA, Reckitt Benckiser Group Plc, and Proctor and Gamble Co.

Related Report
Global Nasal Spray Market : https://www.tritonmarketresearch.com/reports/nasal-spray-market

The global nasal spray market is expected to attain revenue worth $40.15 billion by 2028 while gaining a CAGR of 8.47% during the forecasted period 2021-2028.

Asthma, rhinitis, allergic reactions, congestion, sinus infections, lung diseases, etc., are common chronic respiratory disorders treated using a nasal spray. Air pollution has increased tremendously worldwide, escalating the risks of respiratory diseases. Moreover, smoking leads to lung cancer, causing breathing problems that raise the demand for nasal sprays.

Besides, nasal sprays are a non-invasive and mild option that is becoming a promising solution for treating central nervous system-related diseases such as Parkinson's disease, Alzheimer's disease, depression, anxiety, etc.

However, the ongoing use of such medications can potentially worsen symptoms such as difficulty breathing or damage to the nose. People who use nasal sprays regularly acquire a habit of overusing them, thereby leading to nasal inflammation. Due to such side effects, the market's growth is impacted negatively.

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