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Oral Expectorant Market – By Drug Type (Secretion Enhancer [Potassium Citrate Ammonium Chloride], Mucolytics), Dosage Form (Solid, Liquid, Inhalant), Medication (Prescription, OTC), Distribution Channel (Hospital, Online, Retail) – Global Forecast (2024 ­ 2032)


Published on: 2024-07-20 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Oral Expectorant Market – By Drug Type (Secretion Enhancer [Potassium Citrate Ammonium Chloride], Mucolytics), Dosage Form (Solid, Liquid, Inhalant), Medication (Prescription, OTC), Distribution Channel (Hospital, Online, Retail) – Global Forecast (2024 ­ 2032)

Oral Expectorant Market Size

Oral Expectorant Market was valued at USD 4.2 billion in 2023 and is expected to reach USD 5.7 billion by 2032 growing at a CAGR of 3.4% over the analysis period, due to the increasing prevalence of respiratory diseases worldwide, which necessitated the development of novel and effective treatment options.

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According to the National Library of Medicine estimation in 2023, acute bronchitis is one of the top 10 most prevalent outpatient illnesses in the U.S., impacting around 5% of adults each year. Thus, the escalating global respiratory disease burden is expected to surge the demand for oral expectorant, thereby propelling the market expansion.

An oral expectorant is a type of medication commonly used to help loosen mucus and phlegm in the respiratory tract, making it easier to cough up and expel from the body. These medications are often used to alleviate symptoms associated with respiratory conditions such as coughs, bronchitis, and chest congestion.
 

Oral Expectorant Market Report Attributes
Report Attribute Details
Base Year 2023
Oral Expectorant Market Size in 2023 USD 4.2 billion
Forecast Period 2024 to 2032
Forecast Period 2024 to 2032 CAGR 3.4%
2032 Value Projection USD 5.7 billion
Historical Data for 2021 - 2023
No. of Pages 180
Tables, Charts & Figures 271
Segments covered Drug Type, Dosage Form, Medication, Distribution Channel, and Region
Growth Drivers
  • Increasing prevalence of respiratory disease
  • Growing demand for OTC medications
  • Rising geriatric population
  • Increasing awareness among people about respiratory conditions
Pitfalls & Challenges
  • Strict government and regulatory guidelines

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Oral Expectorant Market Trends

  • The burgeoning geriatric demographic is significantly driving the market expansion. With increasing age, they become more susceptible to respiratory conditions such as bronchitis, pneumonia, and asthma due to factors like a weakened immune system, diminished lung function, and underlying health concerns. Therefore, with a larger proportion of the population entering older age brackets globally, there is a consequent increase in the prevalence of respiratory ailments among this demographic.

Oral Expectorant Market Analysis

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Based on the drug type, the market is classified into secretion enhancer and mucolytics. The secretion enhancer segment has asserted its dominance in the global market by securing a significant share and experiencing growth of 3.7% between 2024 - 2032.

  • Secretion enhancers play a crucial role in the treatment of a diverse range of respiratory disorders. Also, ongoing research and development in respiratory medicine may lead to the discovery and development of novel drugs or formulations tailored specifically to enhance secretion, thereby expanding treatment options for respiratory conditions.
  • Furthermore, combination therapies that combine secretion enhancers with other active ingredients, such as mucolytics or bronchodilators, are gaining popularity. These combination products offer comprehensive treatment approaches and improved efficacy in managing respiratory conditions, thereby accelerating the market development.

Based on the dosage form, the oral expectorant market is classified into oral solid, oral liquid, inhalant. The oral solid segment held the largest business share of 41.6% in 2023.

  • The oral solid dosage form segment is characterized by innovation, patient-centricity, technological advancements, and regulatory compliance, with a focus on improving treatment outcomes and enhancing patient satisfaction.
  • Additionally, pharmaceutical firms are prioritizing the development of inventive oral solid formulations for expectorants. These formulations may include extended-release tablets or multiparticulate systems, aiming to offer prolonged and controlled release of active ingredients. This strategy seeks to improve efficacy and enhance patient compliance, thereby fostering the segment landscape.

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Based on the medication, the global oral expectorant market is categorized into prescription drugs and over-the-counter drugs. The over-the-counter drugs segment is expected to reach USD 3.7 billion by 2032.

  • Growing trend towards consumers' self-medication for the management of respiratory symptoms such as colds and coughs, over-the-counter (OTC) expectorants are becoming more popular.
  • Additionally, OTC oral expectorants are available in a variety of innovative delivery formats to improve ease of use. This includes liquid formulations with convenient dosing cups or droppers, effervescent tablets, and dissolvable strips or lozenges, thereby driving the demand of OTC oral expectorants.
    Based on the distribution channel, the oral expectorant market is classified into hospital pharmacies, retail store & drug store, and online pharmacies. The hospital pharmacies segment is expected to reach USD 2.6 billion by 2032.
  • Hospital pharmacies in the oral expectorant market are focused on optimizing medication management, ensuring patient safety, and enhancing therapeutic outcomes through strategic initiatives and collaborative efforts across the healthcare continuum, thus driving the segment progress.
  • Moreover, the expansion of product offerings within hospital pharmacies, along with collaborative efforts with healthcare professionals is anticipated to augment the market growth.

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North America region is projected to maintain its lead in the global oral expectorant market, anticipated to exhibit 3.2% CAGR during the analysis period.

  • North America is poised to maintain a significant dominance due to its growing patient population and rising respiratory diseases. For instance, according to data published by the Centers for Disease Control and Prevention (CDC) in 2022, around 4.6% of adults in the U.S. are diagnosed with COPD, emphysema, or chronic bronchitis.
  • The main sign of asthma is an overabundance of mucus in the airways, which causes congestion, coughing, and breathing difficulties. Therefore, expectorant medications such as guaifenesin and ambroxol facilitate mucus thinning and loosening, as a result, the market is expected to grow throughout the forecast period.

Oral Expectorant Market Share

The competitive landscape of the market is characterized by the presence of established companies vying for market share. Key players are engaging in strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their product portfolios. The companies are actively adopting a multi-pronged approaches to address the rising demand for effective oral expectorant.

Oral Expectorant Market Companies

Prominent players operating in the oral expectorant industry are as mentioned below

  • Abbott Laboratories
  • AstraZeneca
  • Cipla Inc.
  • Genexa Inc.
  • GlaxoSmithKline (GSK) plc
  • Merck KGaA
  • Perrigo Company plc
  • Reckitt Benckiser Group PLC
  • Sanofi
  • Sun Pharmaceutical Industries Ltd.
  • The Himalaya Drug Company

Oral Expectorant Industry News

  • In September 2023, Genexa introduced new clean cough and cold medicines for kids, enhancing its range of over-the-counter (OTC) products. These innovation products include the Kids' Multi-Symptom Cold & Flu and Kids' Daytime + Nighttime Cough Relief Value Pack. The products are designed to offer children relief from various common ailments like colds, coughs, pain, and fever without the use of artificial fillers or unnecessary additives. This strategy is expected to add value to its existing product portfolio.
  • In October 2019, Aurobindo Pharma obtained approval from the U.S. Food and Drug Administration to produce its generic Guaifenesin extended-release tablets in strengths of 1,200 mg and 600 mg. This approval strategy enabled company to generate maximum revenue from its sales.

The oral expectorant market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments

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Market, By Drug Type

 

  • Secretion enhancer
    • Potassium citrate
    • Potassium iodide
    • Sodium citrate
    • Guaiphenesin
    • Ammonium chloride
    • Other secretion enhancers 
  • Mucolytics
    • Bromhexine
    • Ambroxol
    • Acetyl cysteine
    • Carbocisteineurine

Market, By Dosage Form

  • Oral solids
    • Powder & granules
    • Tablet
    • Capsule 
  • Oral liquids
    • Syrup
    • Solution
    • Suspension
  • Inhalants

Market, By Medication

  • Prescription drugs
  • Over-the-counter drugs

Market, By Distribution Channel

  • Hospital pharmacies
  • Retail store & drug store
  • Online pharmacies

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East and Africa

 

Table of Content

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