Increasing air pollution is acting as a driver for the growth of the market. Air pollution is a major environment-related health hazard which stands as a risk factor for both acute and chronic respiratory ailments. World Health Organization (WHO) estimated that 4.3 million deaths per year could be attributed to indoor air pollution. Most diseases and deaths that can be attributed to prolonged exposure to poor indoor air quality occurs mostly in women and children, particularly in low-income families. Exposure to indoor smoke used for cooking and warming leads to COPD, lung cancer, as well as in children, it causes pneumonia and asthma. This massive population affected with respiratory disorders due to air pollution is driving the market for cough syrup marketplace since it's an essential medicine used for treating such diseases.
SegmentationThe global cough syrup market was segmented into product type, class, and application. Based on product type, the market has been segregated into combination and people. Combination product type was categorized as dextromethorphan + guaifenesin, guaifenesin + pseudoephedrine, and brompheniramine + pseudoephedrine. The individual product type was further split to dextromethorphan, guaifenesin, ambroxol, and codeine. Dependent on the category, the market has been segmented into cough suppressants and expectorants. And by application, the cough syrup market has been categorized as adults and kids.
Regional AnalysisThe global cough syrup market, dependent on region, has been split to the Americas, Europe, Asia-Pacific, along with the Middle East & Africa. Even the Americas is expected to maintain a maximum share of this worldwide cough syrup market, and the regional market is projected to register a CAGR of 3.16percent throughout the forecast period. The existence of major market players in the region, strategic acquisitions by major players to boost product portfolio, increasing cases of respiratory ailments, and availability of advanced medications for treating chronic obstructive pulmonary disease (COPD) is expected to push the industry growth within this area to fight these concerns efficiently through using cough syrups.
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