Global Cough Syrup Market Size Reached $3793 Million in 2023

Cough syrup, usually with multiple effects such as relieving cough, resolving phlegm, and moistening the throat,is a prescription medication used to relieve cough symptoms.

Segmented Market Analysis

Commonly used cough syrup includes various types such as warm and cold phlegm syrup, heat-clearing and phlegm-resolving syrup, lung moistening, and phlegm-resolving syrup, and cough relieving and asthma-relieving syrup. According to the different target audiences, cough syrup can be further divided into two categories: children's cough syrup and adults’ cough syrup. Among them, children's cough syrup dominates the market. According to our research data, the size of the global children's cough syrup segment market in 2023 was $2513 million, with a market share of 66.25%.

Global Cough Syrup Market Size and Share by Type in 2023


Market Size (Million USD)

Share

Segmented by Type

For Children

2513

66.25%

For Adults

1280

33.75%

Source: www.globalmarketmonitor.com

Overview of the Market and Analysis of Market Competition Pattern

In recent years, with the increasing health awareness and the frequent occurrence of respiratory diseases, the market demand for cough syrup has shown a growing trend, and its market size has steadily expanded. Data shows that the global cough syrup market size in 2023 was $3793 million, and it is expected to increase to $4234 million by 2027.

From the perspective of market competition, the concentration of the global cough syrup market is relatively low. The data shows that in 2023, the total output value of cough syrup from the top 3 enterprises in the industry was $1015 million, with a total share of 26.75%. The top three companies were Pfizer, Inc., GlaxoSmithKline, and Johnson & Johnson. In 2023, these three companies accounted for 9.63%, 8.86%, and 8.26% of the global total output value of cough syrup, respectively.
Global Cough Syrup Market Size Forecast and Competition Pattern Analysis 

Global Cough Syrup Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "China Cough Syrup Industry Market Research Report 2023-2029".

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