Triton Market Research’s report states that the Europe cough syrup market is projected to display a compound annual growth rate of 3.65% during 2023-2030. Germany, Italy, the United Kingdom, Spain, France, and the Rest of Europe are considered in the region.
The accessibility of codeine-containing cough syrups as an over-the-counter (OTC) medication is set to boost the expansion of the cough syrup market within France. This divergence in accessibility bestows French consumers an exceptional advantage, affording them increased convenience and independence in addressing their coughs and associated symptoms.
Further, the increasing demand for cough syrup in Spain can be attributed to various factors. One primary factor is the fluctuating weather conditions, which tend to pilot a rise in respiratory ailments like colds and the flu, resulting in a higher prevalence of coughing. In response to these symptoms, numerous people opt for cough syrups as a convenient and productive remedy, which significantly widens the market’s growth.
Competitive Outlook
The key companies listed in the cough syrup market consist of Sanofi SA, Novartis AG, Cipla Limited, AstraZeneca Plc, Reckitt Benckiser Group Plc, The Procter & Gamble Company, and Kenvue Inc.
1. Europe Cough Syrup Market - Summary
2. Industry Outlook
2.1. Impact Analysis On The Cough Syrup Market
2.1.1. Covid-19 Impact
2.1.2. Ukraine-russia War Impact
2.2. Porter’s Five Forces Analysis
2.2.1. Threat Of New Entrants
2.2.2. Threat Of Substitutes
2.2.3. Bargaining Power Of Buyers
2.2.4. Bargaining Power Of Suppliers
2.2.5. Threat Of Competitive Rivalry
2.3. Industry Components
2.3.1. Raw Materials
2.3.2. Manufacturers
2.3.3. Distributors
2.3.4. Retailers
2.4. Regulatory Framework
2.5. Key Market Strategies
2.5.1. Collaborations
2.5.2. Product Launches
2.5.3. Acquisitions
2.5.4. Business Divestitures & Expansions
2.6. Market Drivers
2.6.1. High Incidence Of Respiratory Ailments
2.6.2. Vulnerability To Respiratory Diseases Among The Geriatric Population
2.6.3. Innovations In Cough Syrups
2.7. Market Challenges
2.7.1. Overdose Risks Associated With Cough Syrups
2.7.2. Strict Regulatory Requirements
2.7.3. Increasing Cough Syrup Deaths Due To Toxic Ingredients
2.8. Market Opportunities
2.8.1. Self-medication Trends Increase Demand For Otc Drugs
2.8.2. Herbal Cough Syrups Emerge As A Safer Alternative
2.8.3. Ease Of Purchase Offered By E-commerce Channels
2.8.4. Availability Of Sugar-free Cough Syrups
2.8.5. Growing Preference For Homeopathic Cough Syrups
2.9. Analyst Perspective
3. Europe Cough Syrup Market – By Product Type
3.1. Cough Suppressants
3.2. Combination Medicines
3.3. Expectorants
4. Europe Cough Syrup Market – By Age Group
4.1. Adults
4.2. Adolescents
4.3. Pediatric
5. Europe Cough Syrup Market – By Distribution Channel
5.1. Retail Pharmacies
5.2. Hospital Pharmacies
5.3. E-pharmacies
6. Europe Cough Syrup Market – By Country Outlook
6.1. United Kingdom
6.1.1. United Kingdom Cough Syrup Market Forecast & Prospects