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Global Cough Syrup Market: By Product Type: Expectorants, Cough Suppressants, Combination Medications; By Age Group: Paediatric, Adult; By Distribution Channel: Retail Pharmacy, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cough Syrup Market Outlook
The global cough syrup market attained about USD 5,572 million in 2020. The market is expected to grow at a CAGR of 3.8% in the forecast period of 2023-2028 to attain nearly USD 7,050 million by 2026.
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The Asia Pacific and the Latin America Region to Propel the Market Growth of Cough Syrup
Due to easier availability of cough syrups at retail pharmacies, a rise in the geriatric population, and less stringent laws regarding the abuse of cough and cold medicines in the region, the Asia Pacific accounted for a significant market share in 2019, based on revenue, and is expected to maintain its significance during the forecast period as well.
However, because governments are investing in the development of healthcare infrastructure and as the number of instances of respiratory illnesses rises, LAMEA is predicted to have a substantial CAGR throughout the forecast period. Cough syrup industry growth is likely to be aided by the high market potential in unexplored emerging markets.
Cough Syrup: Market Segmentation
Cough syrups have been used since ancient times to provide temporary relief to people suffering from sneezing, coughing, and runny noses, which are typically caused by a cold, a high temperature, or allergies. Cough syrups are prescribed by doctors and can be used by both adults and children. Cough syrups contain anti-allergic and mucolytic medicines, which give speedier relief from cough-related difficulties. It often inhibits the heavy mucus layer, allowing the patient to breathe normally and comfortably.
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The market is segmented in terms of product type into:
- Expectorants
- Cough Suppressants
- Combination Medications
On the basis of age group, the market is bifurcated into:
- Paediatric
- Adult
In terms of distribution channel, the market is divided into:
- Retail Pharmacy
- Hospital Pharmacy
- Online Pharmacy
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The Increasing Demand for Smokeless Tobacco to Aid the Market Growth of Cough Syrup
The global demand for cough syrup is steadily rising, owing to a growth in the number of people suffering from chronic and acute respiratory disorders, such as asthma. In addition, the demand for cough syrup in the worldwide market is driven by the proportion of the geriatric population who are mostly suffering from chest-related issues. The simple availability of products in clinics is another element contributing to cough syrup's growing market share in the worldwide market. During the forecast period, the expanding research and development in the cough syrup industry are expected to create numerous growth chances in the worldwide market. In addition, cough syrup innovation in terms of flavour for newborns gives potential in the worldwide cough syrup industry. The growing public awareness also lays the groundwork for future global commercial potential.
Key Industry Players in the Global Cough Syrup Market
The report gives a detailed analysis of the following key players in the global cough syrup market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sanofi
- GlaxoSmithKline plc
- Mankind Pharma Ltd.
- Novartis AG
- Reckitt Benckiser Group Plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Age Group, Distribution Channel, Region |
| Breakup by Product Type | Expectorants, Cough Suppressants, Combination Medications |
| Breakup by Age Group | Paediatric, Adult |
| Breakup by Distribution Channel | Retail Pharmacy, Hospital Pharmacy, Online Pharmacy |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Sanofi, GlaxoSmithKline plc, Mankind Pharma Ltd., Novartis AG, Reckitt Benckiser Group Plc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Cough Syrup Market Analysis
8.1 Key Industry Highlights
8.2 Global Cough Syrup Historical Market (2018-2022)
8.3 Global Cough Syrup Market Forecast (2023-2028)
8.4 Global Cough Syrup Market by Product Type
8.4.1 Expectorants
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cough Suppressants
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Combination Medications
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Cough Syrup Market by Age Group
8.5.1 Paediatric
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Adult
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Cough Syrup Market by Distribution Channel
8.6.1 Retail Pharmacy
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Hospital Pharmacy
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Online Pharmacy
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Cough Syrup Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Sanofi
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 GlaxoSmithKline plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Mankind Pharma Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Novartis AG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Reckitt Benckiser Group Plc
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Cough Syrup Market: Key Industry Highlights, 2018 and 2028
2. Global Cough Syrup Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Cough Syrup Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Cough Syrup Historical Market: Breakup by Age Group (USD Million), 2018-2022
5. Global Cough Syrup Market Forecast: Breakup by Age Group (USD Million), 2023-2028
6. Global Cough Syrup Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Cough Syrup Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Cough Syrup Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Cough Syrup Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Cough Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Cough Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Cough Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Cough Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Cough Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Cough Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Cough Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Cough Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Cough Syrup Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Cough Syrup Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Cough Syrup Market Structure
Key Questions Answered in the Report
In 2020, the global cough syrup market attained a value of nearly USD 5,572 million.
The market is projected to grow at a CAGR of 3.8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 7,050 million by 2026.
The major drivers of the industry, such as increasing cases of respiratory disorders, rising geriatric population, increased investments in R&D and innovations like new flavours for newborns, are aiding the market growth.
The key market trend guiding the growth of the industry includes growing government investment and healthcare infrastructure.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product types in the market include expectorants, cough suppressants, and combination medications.
The different age groups in the market for cough syrup are paediatric and adult.
The leading distribution channels in the market are retail pharmacy, hospital pharmacy, and online pharmacy.
The major players in the industry are Sanofi, GlaxoSmithKline plc, Mankind Pharma Ltd., Novartis AG, and Reckitt Benckiser Group Plc, among others.
Analyst Review
The global cough syrup market attained a value of nearly USD 5,572 million in 2020, driven by the increasing cases of respiratory disorders and rising geriatric population. Aided by growing government investment, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.8%. The market is projected to reach approximately USD 7,050 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market, on the basis of product types, include expectorants, cough suppressants, and combination medications. The market is bifurcated by age group into paediatric and adult. The leading distribution channels in the market are retail pharmacy, hospital pharmacy, and online pharmacy. The major regional markets for cough syrup are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Sanofi, GlaxoSmithKline plc, Mankind Pharma Ltd., Novartis AG, and Reckitt Benckiser Group Plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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