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Cough Remedies Market Size

  • Report ID: GMI9224
  • Published Date: Apr 2024
  • Report Format: PDF

Cough Remedies Market Size

Cough Remedies Market size was valued at USD 9.2 billion in 2023 and is expected to grow at a CAGR of 5.6% from 2024 to 2032. Consumer preferences for natural and herbal remedies, growing prevalence of respiratory conditions and increasing air pollution levels are some of the key factors that are expected to robustly drive the industry growth over the analysis period.

 

Rising levels of air pollution in urban areas contribute to respiratory issues, including coughing and congestion. As urbanization continues and pollution levels increase, the demand for cough remedies rises proportionally. For instance, according to the data published by The Air Quality Life Index (AQLI), India is the second-most polluted country in the world. To curb the country's pollution levels, in 2019, Indian government launched its National Clean Air Programme (NCAP) to reduce particulate pollution in the country by around 20-30% by 2024. The government updated this target in 2022 to 40 percent reduction with a timeline of 2025-2026.

 

Cough remedies refer to medications, treatments, or remedies designed to alleviate coughing, a common symptom of various respiratory conditions. These remedies aim to provide relief from cough symptoms, including irritation, inflammation, and excessive mucus production in the respiratory tract. Cough remedies come in various forms, including over-the-counter drugs and medications, prescription drugs, natural or herbal remedies, and home remedies.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of cough remedies reached USD 9.2 billion in 2023 and is set to witness 5.6% CAGR from 2024 to 2032, owing to growing prevalence of respiratory conditions and increasing air pollution levels.

The oral syrups segment accounted for 45.4% of the market share in 2023, due to personal preferences or ease of use.

North America market size was USD 3.4 billion in 2023 and is anticipated to grow at 5.1% CAGR between 2024 – 2032, attributed to urbanization, industrialization, and environmental pollution.

AstraZeneca plc, Bayer AG, GSK plc, Johnson & Johnson, Novartis AG, Pfizer Inc., Prestige Consumer Healthcare, Procter & Gamble, Reckitt Benckiser Group plc and Sun Pharmaceutical Industries Ltd.

Cough Remedies Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 151
  • Countries covered: 23
  • Pages: 110
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