Cough Syrup Market to Witness Tremendous Growth, to Surpass USD 6.1 Billion by 2027, Claims AMR

According to the report published by Allied Market Research, the global Cough Syrup Market was pegged at $5.23 billion in 2019 and is estimated to hit $6.10 billion 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.

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.

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Key Market Players 

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

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