- Press Release
- Cough Suppressant Drugs Market to Surpass US$ 1518.8 Mn Threshold by 2026
Cough Suppressant Drugs Market to Surpass US$ 1518.8 Mn Threshold by 2026 - Coherent Market Insights
Published On : Jan 24, 2019
The Global Cough Suppressant Drugs Market, by Disease Type (Dry Cough and Wet Cough), by Drug Type (Dextromethorphan, Codeine, Noscapine, Butamirate, Benzonatate, Pholcodine, and Others), by Product Type (Over-the-counter (OTC) and Prescription Drug), by Age Group (Pediatric and Adult), by Dosage Form (Syrup, Tablet, and Others), by Distribution Channel (Hospital, Retail Pharmacy, Online Pharmacy, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 1100.4 Mn in 2017 and is projected to exhibit a CAGR of 3.7% during the forecast period (2018–2026).
Frequent approvals and launch of new cough suppressant drugs is expected to drive the global cough suppressant drugs market growth over the forecast period. For instance, in 2017, Aurobindo Pharma Limited received the U.S. Food & Drug Administration (FDA) approval for its Guaifenesin and Dextromethorphan Hydrobromide extended-release tablets, 600/30 mg and 1200/60mg (OTC) indicated to loosen mucus and phlegm, and thin out bronchial secretions, making coughs more productive. Aurobindo’s Guaifenesin and Dextromethorphan Hydrobromide extended-release tablets are the generic equivalent of Reckitt Benckiser’s Mucinex DM tablets. Such approval and launch of new cough suppressant drugs in the market is expected to drive the global cough suppressant drugs market growth over the forecast period.
Browse 42 Market Data Tables and 40 Figures spread through 175 Pages and in-depth TOC on Global Cough Suppressant Drugs Market, by Disease Type (Dry Cough and Wet Cough), by Drug Type (Dextromethorphan, Codeine, Noscapine, Butamirate, Benzonatate, Pholcodine, and Others), by Product Type (Over-the-counter (OTC) and Prescription Drug), by Age Group (Pediatric and Adult), by Dosage Form (Syrup, Tablet, and Others), by Distribution Channel (Hospital, Retail Pharmacy, Online Pharmacy, and Others), and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026.
To know the latest trends and insights prevalent in the Cough Suppressant Drugs market, click the link below:
https://www.coherentmarketinsights.com/market-insight/cough-suppressant-drugs-market-2427
Some stringent regulations against the use of cough suppressant drugs is expected to hinder the global drug suppressant drugs market growth over the forecast period. For instance, in January 2018, FDA introduced a regulation, which inhibits the use of codeine-based cough suppressant drugs in children less than 18 years of age. In August 2018, the Colorado introduced a law, which prohibits the sales of over-the-counter (OTC) medicines containing the cough suppressant dextromethorphan (DXM) to minors and in 2017, Health Canada proposed to ban non-prescription cough suppressant drug codeine sales in 2017. Such regulations that limits the sales and adoption of cough suppressant drugs is expected to affect the market growth.
Key Takeaways of the Cough Suppressant Drugs Market:
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