THROAT LOZENGES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Throat Lozenges Market, By Product Type (Hard candy lozenges, Soft lozenges, Compressed lozenges), By Indication (Sore throat, Cough and Cold, Throat diseases), By Type (OTC and Prescription), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
In August 2022, Novartis, a biopharmaceutical company, spun off its generic and biosimilar division, Sandoz, to establish a new independent publicly traded firm. This strategic move aimed to maximize shareholder value while allowing Novartis shareholders to fully benefit from the potential future growth of both Sandoz and Novartis Innovative Medicines.
In November 2021, Reckitt Benckiser Group PLC, a pharmaceutical company, launched Mucinex InstaSoothe, a new product line inclusive of lozenges and spray designed to numb, soothe, and relieve sore throat pain. The new products include: Mucinex InstaSoothe Sore Throat + Soothing Comfort Lozenges, Mucinex InstaSoothe Sore Throat + Cough Relief Lozenges, Mucinex InstaSoothe Sore Throat + Pain Relief Spray