Throat Sprays Market expected to grow steadily worldwide, with a 2.1% CAGR of US$598.3 Million by 2033 | FMI

The Throat Sprays Market is poised to gurgle its way to a healthy valuation, driven by the rising demand for convenient relief from sore throats. According to industry studies, the market is expected to reach a cool US$484.0 million by 2023. But that’s not all! Looking ahead, the market is anticipated to maintain a steady Compound Annual Growth Rate (CAGR) of 2.1%, reaching a remarkable US$598.3 million by 2033.

The rise in viral infections in recent years has raised the market for immunity-boosting drugs. Despite strict measures, diseases can spread through a variety of pathways, forcing healthcare sector participants to seek herbal products that boost immunity while minimizing negative side effects. This change attempts to reduce the hazards associated with standard treatments while meeting the increased desire for medicines with milder effects.

Herbal infusions, cold beverages, lozenges, and candies incorporating herbal extracts with soothing or numbing properties often serve as initial remedies for moderate sore throat symptoms. However, the chemicals in lozenges and sweets may not directly target the affected area and typically administer relief at a slower pace. In contrast, throat sprays offer a superior and pragmatic treatment option for sore throats, delivering highly targeted symptom relief.

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“Growing preference for natural-ingredient-based throat sprays, along with wide availability of OTC medicines across online sales channels will create opportunities for growth in the market over the forecast period,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Throat Sprays Market Key Takeaways:

• Based on product type, sales of anesthetic throat sprays will gain traction through 2032.
• In terms of spray type, the pump and dispensers segment will hold around 66.2% of the total market share by 2032.
• By capacity, demand for 20-30 ml throat sprays will gain traction at a 2.4% CAGR during the forecasted years.
• Hospital pharmacies will dominate the market by 2032. The segment held around 33.4% of the total market share in 2021.
• The U.S. will lead the North American throat sprays market through 2032.
• Demand for throat sprays in Germany will grow at a 2.9% CAGR over the forecast period.
• Sales in the China throat spray market will increase at a 1.9% CAGR over the assessment period.

Throat sprays for sore throat are products that are designed to provide relief for various throat-related symptoms, such as sore throat, hoarseness, and dryness. They typically come in a spray bottle and contain active ingredients that can help soothe the throat.

Throat Sprays Market Competition Landscape

Research, investment in R&D, strategic collaborations, and technology play a vital role in the Global Throat Sprays Industry growth. Manufacturers and integrators commonly use acquisitions, collaborations, promotions, expansions, and product launches to transfer technology and broaden their customer base internationally. For instance:

• In June 2021, URSATEC developed a melatonin spray – 100% free from preservatives. It is an effective sleep spray, which is void of any kind of preservatives, for better tolerability and safe use.
• In March 2022, Procter & Gamble announced that it would expand its manufacturing facility located at 100 Swing Road in Greensboro by 80,000 square feet and create an additional 46 jobs. The company plans to invest $110 million in the expansion.

Throat Sprays Market Key Companies Profiled:

• Prestige Consumer Healthcare Inc.
• Reckitt Benckiser Group PLC.
• Purdue Pharma
• Procter & Gamble
• Cipla Limited
• iNova Pharmaceuticals (Difflam)
• Marinomed Biotech AG
• Biocidin Botanicals
• URSATEC GmbH
• Martin & Pleasance
• Mega We Care
• PFL Healthcare (Snoreeze)
• Zenta Healthcare Private Limited
• Puressentiel Laboratory
• Melcare Biomedical
• Laboratoire Les 3 CHÊNES

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Key Segments Covered in Throat Sprays Market Research

Spray Type:

• Anaesthetics Throat Sprays
• Anti-inflammatory Throat Sprays
• Pain Relief Throat Sprays
• Anti-bacterial Throat Sprays
• Natural Extract Throat Sprays

Closures:

• Aerosol Sprays
• Pump and Dispensers

Capacity:

• 5 ml
• 10-15 ml
• 20-30 ml
• >30 ml

Distribution Channel:

• Retail Store Chains
• Drug Stores
• Hospital Pharmacies
• Online Pharmacies

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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