Cough Syrup Market Predicted to Grow Expeditiously: to Attain USD 6.1 Billion by 2027, Claims AMR

The global cough syrup market was valued at $5,232.73 million in 2019, and is projected to reach $6,108.25 million by 2027, registering a CAGR of 2.8% from 2020 to 2027.

• CAGR: 2.8%
• Current Market Size: USD 5.2 Billion
• Fastest Growing Region: APAC
• Largest Market: North America
• Projection Time: 2019-2027
• Base Year: 2019

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Key Findings Of The Study

• By product type, the combination medications segment is anticipated to grow with the highest CAGR over the forecast period.
• Depending on distribution channel, the retails pharmacy segment held the largest revenue share in 2019, and is expected to maintain its dominance from 2020-2027.
• Based on age group, the pediatric segment is expected to grow with a CAGR of 1.1% over the forecast period.
• Region-wise the Asia-Pacific cough syrup market is anticipated to experience 3.2% CAGR during the forecast period.
• The Mexico cough syrup market is anticipated to experience 3.4% CAGR from 2020 to 2027.

Regional Analysis

In 2019, the Asia-Pacific region claimed the largest portion of revenue. This dominance is projected to persist from 2020 to 2027 owing to the convenient accessibility of cough syrups at retail pharmacies, an increase in the elderly population, and comparatively lenient regulations concerning the misuse of cough and cold medications in the region. Conversely, the LAMEA region is predicted to exhibit the highest Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth can be attributed to government investments in healthcare infrastructure development and the escalating incidence of respiratory disorders.

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Key Benefits For Stakeholders

• This report provides a detailed quantitative analysis of the current global cough syrup market trends forecast estimations from 2020 to 2027, which assist to identify the prevailing market opportunities.
• In-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
• A comprehensive analysis of the factors that drive and restrain the growth of the global cough syrup market is provided.
• Region-wise and country-wise cough syrup market conditions are comprehensively analyzed in this report.
• The projections in this report are made by analyzing the current trends and future market potential from 2019 to 2027 in terms of value.
• An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
• Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help in understanding competitive outlook of the global cough syrup market.

𝐕𝐀𝐋𝐔𝐄 𝐏𝐑𝐎𝐏𝐎𝐒𝐈𝐓𝐈𝐎𝐍𝐒 𝐑𝐄𝐋𝐀𝐓𝐄𝐃 𝐓𝐎 𝐓𝐇𝐄 𝐑𝐄𝐏𝐎𝐑𝐓:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
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• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market.

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𝐎𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐘𝐨𝐮 𝐀𝐧𝐬𝐰𝐞𝐫 𝐭𝐨 𝐁𝐞𝐥𝐨𝐰 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧:
• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

Key Players-

• Novartis International AG
• Johnson & Johnson Services Inc.
• Sanofi
• Reckitt Benckiser Group Plc.
• Merck KGaA
• GlaxoSmithKline plc
• Abbott Laboratories
• Pfizer Inc.
• Procter & Gamble
• Acella Pharmaceuticals, LLC

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