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KEY FINDINGS
The Asia-Pacific cough syrup market is set to progress with a CAGR of 3.29% across the forecasting years of 2021 to 2028. The increasing rising rates of air pollution and greenhouse farming, the influence of diverse social, economic, and environmental factors on lung health, and the rising geriatric population are among the top drivers set to facilitate the region's market growth.
MARKET INSIGHTS
The Asia-Pacific cough syrup market growth assessment includes the detailed study of Vietnam, Thailand, India, Indonesia, Australia & New Zealand, South Korea, Japan, China, and the rest of the Asia-Pacific. Chronic cough is highly prevalent in South Korea and affects nearly 3% of Korean adults. Besides, the condition also has a substantial influence on the quality of life. As one of the most rapidly aging nations, South Korea harbored nearly 1.7 million people aged 65 years and over in 2020. Furthermore, the geriatric population, in addition to the surging air pollution, are the main challenges faced, especially from an epidemiological perspective.
On the other hand, air pollution in Indonesia leads to severe diseases such as bronchial asthma, acute respiratory infection, lung cancer, bronchitis, and others. Moreover, problems associated with air pollution have also resulted in approximately 50% of morbidity across the country. Therefore, the abovementioned factors are anticipated to play a vital role in propelling the cough syrup market growth in the Asia-Pacific during the forecast period.
COMPETITIVE INSIGHTS
Leading companies operating in the market are Cipla Limited, The Himalaya Drug Company, Takeda Pharmaceutical Company Limited, Sinopharm Group Co Ltd, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments