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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Cold, Cough, and Sore Throat Remedies Market – Insights 

Common cold spread from person to person through various medium such as cough droplets, sneezes, and mucus in hand. Common factors that cause cold include, seasonal factors, close contact with infected person, smoking and exposure to cigarette smoke, weak immune system, and various chronic illness such as diabetes, autoimmune diseases and asthma.

The global cold, cough, and sore throat remedies market is estimated to account for US$ 36,325.0

 Mn in terms of value in 2019 and is expected to reach US$ 46,869.6 Mn by the end of 2027.

Global Cold, Cough, and Sore Throat Remedies Market: Drivers

Increasing rate of self-medication among patients and availability of over-the-counter (OTC) drugs is expected to boost growth of the global cold, cough, and sore throat remedies market over the forecast period. For instance, according to the study, ‘Self-medication with over the counter drugs, prevalence of risky practice and its associated factors in pharmacy outlets of Asmara, Eritrea’, published in February 2019, in the journal BMC Public Health, 93.7% of the survey participants practiced self-medication with OTC drugs. The most frequently preferred OTC drug group was analgesics followed by antipyretics, and cough and cold preparations.

Moreover, increasing development and launch of generic drugs is also expected to aid in growth of the market. For instance, in July 2019, Dr. Reddy's Laboratories launched generic Allegra-D, used to relieve symptoms caused by the common cold, flu or allergies, in the U.S. market.

Asia Pacific region held dominant position in the global cold, cough, and sore throat remedies market in 2018, accounting for 37.1% share in terms of value, followed by Europe.

Cold Cough & Sore Throat Remedies  | Coherent Market Insights

Global Cold, Cough, and Sore Throat Remedies Market: Restraints

However, OTC sore throat products may contribute to antibiotic resistance, which is expected to limit their adoption, thereby hindering growth of the market. For instance, according to a study presented at the 29th European Congress of Clinical Microbiology & Infectious Diseases, in April 2019, OTC throat products may be contributing to antibiotic resistance.

Moreover, recall and failure of cold, cough, and sore throat remedies is also expected to hinder growth of the market. For instance, in March 2019, DG Health issued a recall for its DG/health Naturals baby Cough Syrup + Mucus due to a bacterial contamination.

Global Cold, Cough, and Sore Throat Remedies Market: Opportunities

Moving a product from prescription to OTC presents an attractive opportunity for manufacturers. For instance, according to Consumer Healthcare Products Association, in the U.S., sales of OTC medicines reached US$ 35.2 billion in 2018, up from US$ 34.6 billion in 2017.

Emergence of new coronavirus is also expected to aid in growth of the market. For instance, in January 2020, China reported 2, 700 cases of new coronavirus with symptoms of common cold — runny nose, headache, fever, cough, sore throat, and a general ill feeling.   

Cold Cough & Sore Throat Remedies  | Coherent Market Insights

Antihistamines segment in the global cold, cough, and sore throat remedies market was valued at US$ 9,323.8 Mn in 2018 and is expected to reach US$ 12,934.4 Mn by 2027 at a CAGR of 3.6% during the forecast period.

Market Trends/Key Takeaways

Misuse of OTC cough medicine among young population has witnessing a decreasing trend. For instance, according to the 2019 results from the National Institute on Drug Abuse (NIDA) and University of Michigan’s annual drug abuse survey, the number of teens using OTC cough medicine containing dextromethorphan to get high decreased compared to that in 2006.

Players in the market are focused on launching products specially designed for children. For instance, in October 2019, Vicks launched its newest cold medication specially formulated for children that include Vicks Children’s Cough & Congestion. It is free from artificial additives, artificial dyes and flavors, and high fructose corn syrup and alcohol.

Regulations

North America

  • In the U.S. over 70% of cough cold medicines are non-prescription medicines
  • FDA defines OTC or non-prescription medicines as “drug products are those drugs that are available to consumers without a prescription”
  • For drug product to be classified as OTC it should possess characteristics such as no need of recommendation by health practitioner as safe & effective, acceptable safety margin, low abuse potential and adequately labelled
  • Cold, cough, allergy, bronchodilator, and antiasthmatic drug products for over-the-counter human use are regulated under 21CFR341
  • However, some of cough cold and sore throat medicines such as antibiotics, cough syrups containing controlled substances (Hycodan, Mycodone & Tussigon) etc. require prescription and are highly regulated
  • For prescription to OTC switching manufacturer has to request new approval under 21CFR330.11
  • FDA allows sale of OTC drugs in the U.S. after pursuant to FDA OTC monograph or pursuant to NDA for products that do not fit within specific monographs
  • The FDA-approved, immediate-release hydrocodone antitussive formulations contain only hydrocodone bitartrate and homatropine methylbromide. Proprietary names for these products include Hycodan, Mycodone, and Tussigon. Examples of approved extended release formulations include Vicodin, Hysingla ER, Zohydro ER, Targiniq ER
  • Cough suppressants that combine hydrocodone and homatropine with other drugs, like an expectorant such as guaifenesin, or a decongestant such as phenylephrine or pseudoephedrine, methamphetamine, dextromethorphan are currently unapproved
  • Extended-release antitussive formulations that contain hydrocodone polistirex and chlorpheniramine polistirex, an antihistamine are unapproved Some of the examples include Tussionex Pennkinetic–a suspension, and Tussicaps–a capsule
  • In February 2016, FDA released five post marketing requirements for extended release opioid medications

Cold Cough & Sore Throat Remedies  | Coherent Market Insights

Global Cold, Cough, and Sore Throat Remedies Market: Competitive Landscape

Major players operating in the global cold, cough, and sore throat remedies market include, Reckitt Benckiser Group PLC, Johnson & Johnson Services, Inc., GlaxoSmithKline plc., Novartis AG, Bayer AG, AstraZeneca plc., Sun Pharmaceutical Industries Ltd., Pfizer Inc., Prestige Brands Holdings, Inc., and Procter & Gamble Co.

Global Cold, Cough, and Sore Throat Remedies Market: Key Developments 

Players in the market are focused on launching new products to expand their product portfolio. For instance, in August 2019, Comvita launched line of UMF certified Manuka Honey-based products for children for the treatment of cough and sore throat.

In March 2019, Peroxfarma launched an all-natural cough syrup, Epaplus Immuncare, in the U.S.

Cold, cough, and sore throat are common infections occurring due to different viruses and can be easily treated with various medications such as antihistamines, expectorants, bronchodilators, decongestants, and others. Increasing prevalence of viral infections causing cold and flu is creating a favorable environment for growth of global cold, cough, and sore throat remedies market. According to Australian Health Direct, over 200 viruses present worldwide can cause cold and adults are susceptible to these viruses around 2-4 times annually. The same source also suggests that the cold and flu symptoms are usually mild to moderate and self-limiting, which is propelling demand for over-the-counter drugs, in turn fueling growth of the market.

Restraints of the Global Cold, Cough, and Sore Throat Remedies Market

Alternative treatment options such as home remedies, and others are used in emerging economies which restrains growth of the market up to certain extent.

Key features of the study:

  • This report provides in-depth analysis of the global cold, cough, and sore throat remedies market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global cold, cough, and sore throat remedies market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Reckitt Benckiser Group PLC, Johnson & Johnson Services, Inc., GlaxoSmithKline plc., Novartis AG, Bayer AG, AstraZeneca plc., Sun Pharmaceutical Industries Ltd., Pfizer Inc., Prestige Brands Holdings, Inc., and Procter & Gamble Co.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global cold, cough, and sore throat remedies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  •  Global Cold, Cough, and Sore Throat Remedies Market, By Drug Type:
    • Antihistamines
    • Expectorants
    • Bronchodilators
    • Decongestants
    • Antibiotics
    • Others
  • Global Cold, Cough, and Sore Throat Remedies Market, By Formulation:
    • Oral Syrups
    • Tablets/Pills
    • Nasal Drops
    • Lozenges
    • Others
  • Global Cold, Cough, and Sore Throat Remedies Market, By Distribution Channel:
    • Hospital Pharmacies
    • Retail Pharmacies
    • Drug Stores
    • Supermarkets/Hypermarkets
    • E-Commerce/Online Pharmacies
  • Global Cold, Cough, and Sore Throat Remedies Market, By Geography:
    • North America
      • By Drug Type
        • Antihistamines
        • Expectorants
        • Bronchodilators
        • Decongestants
        • Antibiotics
        • Others
      • By Formulation
        • Oral Syrups
        • Tablets/Pills
        • Nasal Drops
        • Lozenges
        • Others
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Drug Stores
        • Supermarkets/Hypermarkets
        • e-Commerce/Online Pharmacies
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Drug Type
        • Antihistamines
        • Expectorants
        • Bronchodilators
        • Decongestants
        • Antibiotics
        • Others
      • By Formulation
        • Oral Syrups
        • Tablets/Pills
        • Nasal Drops
        • Lozenges
        • Others
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Drug Stores
        • Supermarkets/Hypermarkets
        • e-Commerce/Online Pharmacies
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Drug Type
        • Antihistamines
        • Expectorants
        • Bronchodilators
        • Decongestants
        • Antibiotics
        • Others
      • By Formulation
        • Oral Syrups
        • Tablets/Pills
        • Nasal Drops
        • Lozenges
        • Others
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Drug Stores
        • Supermarkets/Hypermarkets
        • e-Commerce/Online Pharmacies
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Drug Type
        • Antihistamines
        • Expectorants
        • Bronchodilators
        • Decongestants
        • Antibiotics
        • Others
      • By Formulation
        • Oral Syrups
        • Tablets/Pills
        • Nasal Drops
        • Lozenges
        • Others
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Drug Stores
        • Supermarkets/Hypermarkets
        • e-Commerce/Online Pharmacies
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Drug Type
        • Antihistamines
        • Expectorants
        • Bronchodilators
        • Decongestants
        • Antibiotics
        • Others
      • By Formulation
        • Oral Syrups
        • Tablets/Pills
        • Nasal Drops
        • Lozenges
        • Others
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Drug Stores
        • Supermarkets/Hypermarkets
        • e-Commerce/Online Pharmacies
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Drug Type
        • Antihistamines
        • Expectorants
        • Bronchodilators
        • Decongestants
        • Antibiotics
        • Others
      • By Formulation
        • Oral Syrups
        • Tablets/Pills
        • Nasal Drops
        • Lozenges
        • Others
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Drug Stores
        • Supermarkets/Hypermarkets
        • e-Commerce/Online Pharmacies
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Reckitt Benckiser Group PLC *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Johnson & Johnson Services, Inc.
    • GlaxoSmithKline plc.
    • Novartis AG
    • Bayer AG
    • AstraZeneca plc.
    • Sun Pharmaceutical Industries Ltd.
    • Pfizer Inc.
    • Prestige Brands Holdings, Inc.
    • Procter & Gamble Co.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Drug Type
      • Market Snippet, By Formulation
      • Market Snippet, By Distribution Channel
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
  4. Global Cold, Cough, and Sore Throat Remedies Market, By Drug Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Antihistamines
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Expectorants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Bronchodilators
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Decongestants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Antibiotics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Cold, Cough, and Sore Throat Remedies Market, By Formulation, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Oral Syrups
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Tablets/Pills
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Nasal Drops
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Lozenges
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Cold, Cough, and Sore Throat Remedies Market, By Distribution Channel, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospital Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Retail Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Drug Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Supermarkets/Hypermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • e-Commerce/Online Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Cold, Cough, and Sore Throat Remedies Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Reckitt Benckiser Group PLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Johnson & Johnson Services, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • GlaxoSmithKline plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Novartis AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bayer AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • AstraZeneca plc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Sun Pharmaceutical Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Pfizer Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Prestige Brands Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Procter & Gamble Co.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 35 market data tables and 24 figures on “Cold, Cough, and Sore Throat Remedies Market – Global forecast to 2027.

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