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The global throat pastilles and cough drops market size is estimated to grow by USD 1.25 billion, at a CAGR of 3.72% between 2023 and 2028.
Oral dosage forms differ from and have advantages over other dosage forms such as parenteral and intravenous. Oral dosage forms are economical, safe, and are the easiest route of drug administration. Owing to the advantages of oral dosage forms, throat pastilles, and cough drops are highly preferred by patients. Nowadays, several types of lozenges are available in the market, which are capable of providing several advantages and relief from symptoms of diseases. Consequently, the advantages of lozenges have increased patient propensity toward these easily available dosage forms, thereby driving the global throat pastilles and cough drops market growth during the forecast period.
Technavio has segmented the market into Type, End-user, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
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The market share growth by the hard tablet lozenges segment will be significant during the forecast period. A hard tablet lozenge is a mixture of carbohydrates and sugar in combination with a medicament in a nanocrystalline state. They can also be called solid syrups of sugars and medicament. These lozenges are made by heating sugars and other constituents together and then pouring the mixture into a mold. Several types of hard candy lozenges, such as Vicks and Strepsils, are easily available in retail stores and pharmacies at low prices. Hard candy lozenges offer multiple benefits.
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The hard tablet lozenges segment was valued at USD 2.68 billion in 2018. In addition, the availability of these lozenges in multiple colors and flavors, such as blackcurrant, cherry, honey, and lemon, has increased their acceptance and popularity among people. However, the issue in making these lozenges is that they become grainy. However, to overcome this challenge, other excipients are available and are used in the manufacturing process of hard tablet lozenges. Thus, the easy availability of these lozenges at lower prices in different flavors with multiple actions will drive the growth of the segment during the forecast period.
Hospitals are considered one of the major end-users were various chronic treatments of common cold and influenza. Hospitals play an important role in the consumption of lozenges for influenza and the common cold. Hospitals may also purchase lozenges directly from manufacturers and distribute them to other healthcare facilities and pharmacies. Furthermore, according to the World Health Organization, the number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Hence, such factors are expected to propel hospitals segment growth, which contributes to the global throat pastilles and cough drops market growth during the forecast period.
Patients often prefer private clinics and specialty clinics as end-users due to low cost and easy appointments. Treatment for influenza cases is being carried out in these centers. Furthermore, physicians' clinics and private clinics are gaining prominence over hospitals, as the cost is comparatively less due to the availability of various types of clinical services, such as diagnosing, assessing, and treating influenza and the common cold. Thus, such factors are boosting the growth of the clinics segment, which, in turn, propels the growth of the market in focus during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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