This antitussive drugs market report offers a comprehensive analysis of the market, standing on the reader’s perspective, delivering the detailed market data and penetrating insights. No matter the client is industry insider, potential entrant or investor, the antitussive drugs market report provides useful data and information so that they can succeed in the market. It gives a fundamental review of the business including definition, arrangements, applications and industry chain structure. The global market investigation is accommodated to the worldwide markets including advancement patterns, focused scene examination and key districts improvement status.
The antitussive drugs market report centers around worldwide significant driving industry players giving data for example, organization profiles, item picture and determination, limit creation, value, cost, generation, esteem and contact data. This antitussive drugs market gain better understanding of the market related to the complex information on competitors, consumers, trends and investments, etc. one can better situate their company within the market by applying the knowledge gained from this antitussive drugs market research report to build competitive intelligence and formulate and maintain revenue generating business strategies.
Data Bridge Market Research analyses that the global antitussive drugs market which was USD 1351.72 million in 2022, would rocket up to USD 1878.58 million by 2030, and is expected to undergo a CAGR of 4.20% during the forecast period.
Definition
Cough suppressants, often known as antitussives, are drugs that prevent coughing. Although the specific mechanism of action is uncertain, antitussives are hypothesized to work by blocking a coordinating area for coughing in the brain stem, so breaking the cough reflex arc. Opioids are the source of many antitussives, including pholcodine, codeine, and dextromethorphan.
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Key Growth Drivers:
- Surging prevalence of cough
Cough is estimated to be a major element driving demand for antitussive drugs, which will propel the market forward. Cough is the most common reason for visits to primary care physicians worldwide, accounting for roughly 8% of all consultations, according to data published by the National Center for Biotechnology Information in 2014. According to the same source, the global annual prevalence of cough in the general population is estimated to be between 10% and 33%.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of antitussive drugs market is the rising healthcare expenditure which helps in improving its infrastructure.
- Rising geriatric population
The surging number of geriatric population will propel the market's growth rate during the forecast period of 2022-2029. As per the World Ageing 2020 research, the world's population will be roughly 727 million people aged 65 and up in 2020. In 2050, the number of elderly people is expected to increase to 1.5 billion. The geriatric population is more prone to chronic ailments, which is anticipated to enhance the market's growth rate.
The report emphasizes the participation of key entities, notably:
- Hoffmann-La Roche Ltd. (Switzerland)
- Mylan N.V. (U.S.)
- Teva Pharmaceutical Industries Ltd.(Israel)
- Sanofi (France), Pfizer Inc. (U.S.)
- GlaxoSmithKline plc (U.K.)
- Novartis AG (Switzerland)
- Sun Pharmaceutical Industries Ltd. (India)
- Amneal Pharmaceuticals LLC. (U.S.)
- Zydus Cadila (India)
- Aurobindo Pharma (India)
- Cipla Inc. (U.S.)
- Hikma Pharmaceuticals PLC (U.K.)
- AstraZeneca (U.K.)
- Johnson & Johnson Private Limited (U.S.)
- Intas Pharmaceuticals Ltd. (India)
- 3M (U.S.)
- Bayer AG (Germany)
- Ipca Laboratories Ltd. (India)
- Unique Pharmaceuticals Limited. (India)
- Aceto (U.S.)
Major Points in the Report
- Understanding the entirety of the antitussive drugs marketlandscape thoroughly.
- Exploring the leading entities in this sector, delving into their range of products and core approaches.
- Examining the prominent geographical areas where antitussive drugs marketdemonstrates significant growth.
- Keeping abreast of the latest shifts and advancements within the industry.
- Identifying specific areas or markets with high potential and promising expansion opportunities.
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Key Market Segmentation
By Drug (Benzonatate, Dextromethorphan), Drug Class (Centrally Acting Drugs, Peripherally Acting Drugs, Others), Route of Administration (Oral, Inhalational, Others), Indication (Cold Symptoms, Pain, Cough, Others), Product Type (Over-the-counter (OTC), Prescription Drug), Age Group (Pediatric, Adult, Geriatric), Dosage Form (Syrup, Tablet, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
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