Cold remedies Market size in 2019 is estimated to be $7.8 billion, growing at a CAGR of 9.5% during the forecast period 2020-2025. Cold is an infectious disease that affects the respiratory system. Dextromethorphan, steam inhalation are some cold remedies that are used to treat cold and to get relief from the symptoms of a cold. An increasing number of cold cases and the growing geriatric population are the major factors driving the growth of the market. Moreover, increasing health awareness and rising advanced medical products further enhance the overall market demand for cold remedies during the forecast period 2020-2025.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=501872
Report Price: $ 4500 (Single User License)
Drug Type- Segment Analysis
Based on the drug type, the cold remedies market is segmented into Antihistamine, Expectorant, Bronchodilators, Decongestants, Antibiotics, Natural Remedies, and others. The expectorant segment is projected to be the fastest-growing segment with a CAGR of 6.3% during the forecast period 2020-2025. This is mainly owing to effective and fast recovery. Moreover, it works by thinning and loosening mucus in the airways, clearing congestion, and making breathing easier that are contributing to the growth of this segment.
Dosage Type – Segment Analysis
Based on the Dosage Type, the cold remedies market is segmented into syrup, tablet, capsule, nasal drop, and others. In 2019, tablets held the largest share in the cold remedies market owing to this being the most preferred dosage form among adults. It is also easy to intake and provides faster reaction. Syrups are the most preferred form of cold medicines among children owing to its pleasant taste.
Geography- Segment Analysis
North America dominated the cold remedies market share accounting for 38% of the market in 2019. This is mainly owing to development in medical products, an increase in the number of R&D activities, and the growing number of patients suffering from cough. According to the World Health Organization, it is estimated that 2.5 million people suffering from cold and about 61,000 people died from the flu in 2019. Cold cases are rising continuously in North America that are contributing to the growth of the cold remedies market.
However, the Asia-Pacific region is forecast to be the fastest-growing during the forecast period 2020-2025. This is owing to the rising disposable incomes, the launch of new products and technologies, and growing technological developments.
Talk to one of our sales representative about the full report by providing your details in the link below:
Drivers – Cold Remedies Market
Challenges – Cold Remedies Market
The harmful side effects such as drowsiness, dizziness, vomiting, trouble sleeping, or headache are challenging the growth of the market. Moreover, stringent government regulation and the unavailability of proper healthcare infrastructure are further restraining the growth of the market during the forecast period 2020-2025.
Cold Remedies Industry Outlook
Product launches, Merger& Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Cold Remedies Market. Cold Remedies top 10 companies are Utley Pharmaceuticals, Novartis AG, Johnson and Johnson, GlaxoSmithKline plc, Bayer AG, Prestige Brands Holdings, Inc., Procter & Gamble Corporation, Reckitt Benckiser Group plc, Sun Pharmaceutical Industries Ltd.and Pfizer.
Related Reports :
Cough Remedies Market
Schizophrenia Treatment Market
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.