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KEY FINDINGS
The North America cough syrup market is forecasted to grow with a CAGR of 2.49% during the estimated years of 2021 to 2028. The market growth of the region is facilitated by key drivers, including the increasing geriatric population, the rising prevalence of chronic respiratory diseases, as well as elevated air pollution rates.
MARKET INSIGHTS
The North America cough syrup market growth assessment constitutes the analysis of Canada and the United States. The geriatric population in Canada is a rapidly growing segment of the overall population. As per industry sources, the elderly equated to nearly 17.5% of the country's population in 2019. Moreover, around 3 million citizens are diagnosed with one of five severe respiratory conditions like chronic obstructive pulmonary disease (COPD), asthma, tuberculosis (TB), cystic fibrosis, and lung cancer.
Conversely, pertussis, also termed whooping cough, is a contagious infection of the airways and lungs. As the second most common infectious childhood disease in Canada, between 1,000 and 3,000 people fall ill from pertussis in the country annually. Furthermore, the burden of COPD is increasing in the country at an alarming pace, with approximately 3 million Canadians affected by this respiratory condition each year. As a result, the factors mentioned above are set to propel the cough syrup market growth in the country over the projected period.
COMPETITIVE INSIGHTS
Some of the leading firms operating in the market are Pfizer Inc, Johnson & Johnson, Abbott Laboratories, Proctor & Gamble Co, 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