Cough Syrup Market 2020 Industry Research Report – Global Forecast to 2026, is latest research report on Global Cough Syrup Industry published by Market Research Future.
Cough Syrup Market Synopsis
The cough syrup market 2020 is poised to witness steady growth. Cough syrups are used for people having cough related problems. It is one of the most demanded for medicines over the counter. The sales of cough syrup are likely to increase further in the coming years due to dipping temperature during winters. It has been declared by the United Nations that there are irreversible impacts of climate change on the earth. One of these impacts is the rising cold during winters. It is expected to drive the growth of the market for cough syrup. Recently Market Research Future MRFR has published a report that suggests that the global cough syrup market is presumed to mark 3.45% CAGR over the assessment period. It is assessed in the report that the global cough syrup market size is poised to reach USD 5139.63 Mn by the end of 2026.
Rising availability of cough syrup over the counter is expected to drive the growth of the market in the foreseeable future. The awareness about the availability of cough syrup is also rising which is expected to influence revenue growth rate of the cough syrup market positively. A rise in patient population is also anticipated over the next couple of years. It is prognosticated to drive the growth of the cough syrup market in the near future. Also, the growth of geriatric population is projected to drive the expansion of the cough syrup market.
The availability of the medicine for different age groups is poised to influence the market greatly. New products are expected to be launched due to flavor innovations. Also, market players are focusing on investments in advertisement to gain edge over each other. These factors are anticipated to catapult the cough syrup market on upward trajectory. Increasing prevalence of respiratory problems is expected to boost growth rate of the cough syrup market in the foreseeable future. However, stringent regulations and product recalls are anticipated to check the growth of the cough syrup market in the upcoming years.
Cough Syrup Market Segmentation
On the basis of product type, the cough syrup market has been divided into combination and individual. The sub-segments of the combined segment are guaifenesin + pseudoephedrine, dextromethorphan + guaifenesin, and brompheniramine + pseudoephedrine. The sub-segments of the individual segment are dextromethorphan, ambroxol, guaifenesin, and codeine.
On the basis of category, the cough syrup market has been segmented into cough suppressants and expectorants.
On the basis of application, the cough syrup market has been segmented into adults and children.
Cough Syrup Market Regional Analysis
The geographical evaluation of the global cough syrup market is included with this report. It offers a detailed view of the market based on regions such as Americas, Asia Pacific, the Middle East and Africa (MEA), and Europe. Furthermore, a country-level assessment of these regions is also covered for providing an impactful intelligence. Asia Pacific is a major market due to its huge patient population. The region consolidates the two most populous countries. Thus, it is projected to earn high revenues over the forecast period. Rising respiratory issues in China and India are anticipated to drive the growth of the cough syrup market. In addition, the growth of geriatric population in Japan and China is also prognosticated to impact the cough syrup market favorably.
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Cough Syrup Market Competitive Dashboard
Pfizer, Inc. (US), Merck KGaA (US), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (US), Acella Pharmaceuticals, LLC (US), GlaxoSmithKline PLC (UK), Procter & Gamble (USAbbott (US), ), Reckitt Benckiser Group PLC (UK), and Sanofi (France).
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Nov 10 2020: The global Blockchain Technology market size is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions.
This allows various participants that are connected to the network, usually public, to track information through a secure network, thereby eliminating the need for any kind of third-party verification.The market is expected to grow rapidly owing to numerous benefits that it provides, such as eradication of the requirement of a financial institution to validate transactions, reduce duplicative recordkeeping, eliminate reconciliation, minimize error rates, and facilitate faster settlement.
With the use of this technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/blockchain-technology-market/request-sampleThe global blockchain technology market size is expected to reach USD 57,641.3 million by 2025, registering a CAGR of 69.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Blockchain is the underlying technology that originated in the form of a public ledger to keep a track of all cryptocurrency transactions.
With the use of this technology, the databases could become universal in nature, thereby allowing multiple institutions to use it at the same time to bring various different systems closer together and help increase the efficiency.The increasing demand for this technology across financial services, consumer or industrial products, technology, media , healthcare, transportation, and public sector is largely responsible for driving the market toward growth.
The major drivers include the growing interest of the BFSI sector and increasing merchants accepting cryptocurrencies among others.
This growth can be attributed to growing tendency of institutions and government to inculcate open and efficient transactions.• The application & solution segment is anticipated to grow at the highest CAGR of 71.2% from 2019 to 2025.
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