[FURL=https://www.industryarc.com/Research/Cold-Remedies-Market-Research-501872]Cold Remedies Market[/FURL] size in 2019 is estimated to be $7.8 billion, growing at a CAGR of 9.5% during the forecast period 2020-2025. Cold is an infectious disease that affects the respiratory system. Dextromethorphan, steam inhalation are some cold remedies that are used to treat cold and to get relief from the symptoms of a cold. An increasing number of cold cases and the growing geriatric population are the major factors driving the growth of the market. Moreover, increasing health awareness and rising advanced medical products further enhance the overall market demand for cold remedies during the forecast period 2020-2025.Key Takeaways
In 2019, North America dominates the cold remedies market owing to development in medical products, an increase in the number of R&D activities, and the growing number of patients suffering from cough.
An increasing number of cold cases and the growing geriatric population is driving the market growth of cold remedies.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the cold remedies market report.
Harmful side effects of medications and stringent government regulation are challenging the growth of the market.
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Geography- Segment Analysis
North America dominated the cold remedies market share accounting for 38% of the market in 2019. This is mainly owing to development in medical products, an increase in the number of R&D activities, and the growing number of patients suffering from cough. According to the World Health Organization, it is estimated that 2.5 million people suffering from cold and about 61,000 people died from the flu in 2019. Cold cases are rising continuously in North America that are contributing to the growth of the cold remedies market.
Drivers – Cold Remedies Market
Increasing number of cold cases
An increasing number of cold cases is a major factor driving the growth of the cold remedies market. Cold cases are increasing among the people owing to the cold season, allergies, and breathing problems. Moreover, rising awareness of patient safety and changing lifestyles are also set to increase the market growth.
Growing Geriatric Population
Rising geriatric population and increasing health awareness are some factors driving the growth of the market. Moreover, an increase in respiratory disease and coughing problems among old age people is driving the growth of cold remedies market.
Cold Remedies Industry Outlook: Cold Remedies top 10 companies are Utley Pharmaceuticals, Novartis AG, Johnson and Johnson, GlaxoSmithKline plc, Bayer AG, Prestige Brands Holdings, Inc., Procter & Gamble Corporation, Reckitt Benckiser Group plc, Sun Pharmaceutical Industries Ltd.and Pfizer.
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