Cold Remedies Market Scope
Cold is an infectious disease that affects the respiratory system. The common symptoms for cold include sneezing, sore throat, a stuffy nose, and coughing. Cold remedies are used to treat cold in immunosuppressed individuals. The composition of many cold medicines are same and therefore taking too much of certain medication can lead to drug resistance or serious injury.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cold Remedies market throughout the predicted period.
Reckitt Benckiser Group (United Kingdom), Johnson & Johnson (United States), GlaxoSmithKline (United Kingdom), Novartis (Switzerland), Bayer (Germany), AstraZeneca (United Kingdom), Sun Pharmaceutical Industries (India), Pfizer (United States), Prestige Brands Holdings (United States) and Procter & Gamble (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Cold Remedies market and Region with country level break-up.
On the basis of geography, the market of Cold Remedies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Demand of Over-The-Counter Products
Market Growth Drivers:
Increasing Number of Cold Cases and Growing Geriatric Population
Challenges:
Side Effects Related to Cold Remedies
Restraints:
Competition Faced by International Players due to Drugs from Local Manufacturers
Opportunities:
Favorable Regulations and Opportunities in the Emerging Economies and Development in R&D Activities Associated With Cough Remedies
The U.S. Food and Drug Administration (FDA) is requiring safety labeling changes for prescription cough and cold medicines containing codeine or hydrocodone to limit the use of these products to adults 18 years and older because the risks of these medicines outweigh their benefits in children younger than 18. FDA is also requiring the addition of safety information about the risks of misuse, abuse, addiction, overdose, death, and slowed or difficult breathing to the Boxed Warning, our most prominent warning, of the drug labels for prescription cough and cold medicines containing codeine or hydrocodone
Key Target Audience
Manufacturers of Cold Remedies, Suppliers of Cold Remedies, Distributers of Cold Remedies, Healthcare industry, Governmental bodies and Research Firms
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.