Highly Fragmented Market Space with Low Entry Barriers
The absence of stringent regulations for approval of natural cold, cough, and sore throat remedies has been a vital reason that has provided local and regional players with intervention-free operations-based benefits. The low entry barriers have made the nature of the natural cold, cough, and sore throat remedies market to be highly fragmented. Leading players in the natural cold, cough, and sore throat remedies market continue to focus on aggressive marketing strategies, and product launches to consolidate their position and gain a competitive edge.
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Homeopathy Medicines Emerge as a Vital Growth Area for Market Players
A notable shift in consumer preferences towards natural products in all verticals has been a vital reason that has bolstered the demand for alternative medicine and therapies. Homeopathy is one form of alternative medicine that is gradually growing in prominence in the healthcare industry. The medical system is based on the belief of stimulating the human body’s natural immunity system through the consumption of a small amount of natural substances. The idea of self-healing is gradually gaining appeal amongst growing demographics around the world, in line with the awareness about side effects of conventional medicines that include includes dizziness, drowsiness, blurred vision, nausea, upset stomach, and constipation. In addition, governments around the world are promoting research and innovation in the area of alternative medication. These factors have prompted pharmacy owners to include homeopathic medicines in their product portfolio.
Bright Prospects in Pediatric Therapeutics
Multiple studies have suggested that over the counter (OTC) cold medicine might not be effective for young infants and children. Moreover, researches have alluded potential health impacts of conventionally employed medicines, such as coma, seizures, and even mortality in children. Research by the American Food and Drug Administration concluded and confirmed the aforementioned drawbacks of conventional medicine prompting regulatory authorities to spreads awareness about the use of OTC medication for treatment of cold in children. Natural cold and sore throat remedies could potentially become the first line of defense against these ailments in children, opening up new opportunities for the natural cold, cough, and sore throat remedies market.
Demand Remains Upheld by Pervasive Prevalence of Respiratory Diseases
Growing instances of respiratory diseases due to modern lifestyle choices, and exposure to growing concentration of pollutants in the environment, is expected to underpin growth of the natural cold, cough and sore throat remedies market. The World Health Organization states that, currently, nearly 65 million people suffer from moderate or severe chronic obstructive pulmonary disease (COPD), while over 330 million people are diagnosed with asthma worldwide. Natural cold, cough, and sore throat remedies can potentially help in suppressing the symptoms of these respiratory diseases, and provide comfort to patients. Further, the treatment of chronic respiratory diseases involves heavy consumption of conventional medications, and natural cold, cough, and sore throat remedies provide a natural alternative to conventional treatment. Moreover, the treatment of chronic diseases is gradually becoming financially overbearing for consumers and governments alike, with studies suggesting the direct and indirect costs incurred for conventional treatment of COPD and asthma to be almost US$ 90 billion in Europe alone. Natural cold, cough, and sore throat remedies are available at relatively lower prices, providing an affordable alternative to aid in the overall reduction of treatment costs.
Lack of Scientific Evidence and Regulatory Approvals to Arrest Demand
Demand for natural cold, cough, and sore throat remedies are expected to witness confinements of the lack of scientific evidence to back their effectiveness. Further, multiple researchers are questioning the utility of the remedies raising suspicion about the effectiveness of natural cold, cough, and sore throat remedies. For instance, a recent research considered homeopathy as nothing more than placebo while dismissing the claims that suggested the medicinal system was capable of treating cancer, asthma, and other chronic diseases. Another research by the Australian National Health and Medical Council revealed that they found no clear evidence pointing to the effectiveness of homeopathy in the treatment of any health ailments. In addition, lack of regulations to certify medications as homeopathic add obstacles to growth of the natural cold, cough, and sore throat remedies market. For instance, the American Food and Drug Administration clearly states that it has no regulations or system in place to label products as homeopathic and any homeopathic medication being sold in the US has not been tested for safety or effectiveness.
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Definition
Medication for the treatment of cold, sore throat, and cough derived from natural substances fall under the purview of natural cold, cough, and sore throat remedies. Ayurvedic medicines, homeopathic medicines, herbal medicines, traditional Chinese medicines, and other traditional and natural form of medications are examples of natural cold, cough, and sore throat remedies.
About the Report
The report on the natural cold, cough, and sore throat remedies market provides invaluable actionable insights about various market dynamics that influence the natural cold, cough, and sore throat remedies market. The natural cold, cough, and sore throat remedies market report provides a detailed analysis of the current scenario along with an authentic forecast of the natural cold, cough, and sore throat remedies market. The study provides a comprehensive analysis of the competitive landscape in the natural cold, cough, and sore throat remedies market.
The report highlights the key drivers that are propelling the growth of the natural cold, cough, and sore throat remedies market. A region-wise and segment-wise analysis of the natural cold, cough, and sore throat remedies market has also been included in the report.
Market Structure
The report on natural cold, cough, and sore throat remedies market is segmented on the basis of product type and distribution channel.
On the basis of product type, the natural cold, cough, and sore throat remedies market is divided into syrups and drops, tablets and capsules, powders, pellets, and drink mixes, inhalers, sprays, and rubs, and lozenges.
Based on the distribution channel, the natural cold, cough, and sore throat remedies market has been segmented into hospital pharmacies, retail pharmacies, e-commerce and mail-order pharmacies.
Additional Questions Answered:
Apart from the aforementioned insights, the report on natural cold, cough, and sore throat remedies market answers the following questions:
- Which product type will account for the highest revenue share in the natural cold, cough, and sore throat remedies market in 2019?
- What distribution channel will account for the largest sales in the natural cold, cough, and sore throat remedies market in 2019?
- Which region held the largest share of the natural cold, cough, and sore throat remedies market in 2018?
- What are the lucrative opportunities on offer in the natural cold, cough, and sore throat remedies market in 2019?
- What are the challenges that the natural cold, cough, and sore throat market may encounter in 2019?
Research Methodology
The report on natural cold, cough, and sore throat remedies market is a consequence of an elaborate and robust research process. The information and data provided in the report on natural cold, cough, and sore throat remedies market has been obtained through primary and secondary research processes. Interviews with industry savants, manufacturers, and distributors from the natural cold, cough, and sore throat remedies market formed the basis of the primary research.
The results obtained from the secondary research process was triangulated with the information collected from the primary phase of research to filter out erroneous information and provide an accurate forecast of the natural cold, cough, and sore throat remedies market.
The latest report published by Fact.MR on the natural cold, cough, and sore throat remedies market provide valuable and actionable insights about the market along with all the important factors that influence its growth currently and will continue to impact the natural cold, cough, and sore throat market during the forecast period. The research provides a complete analysis of the natural cold, cough, and sore throat market and provides an authentic forecast of the market in addition to a historical analysis of the performance of the market.
Key market dynamics such as drivers, threats, restraints, opportunities, and challenges that impact the natural cold, cough, and sore throat remedies market have been propounded in the report. A thorough region-wise and segment-wise analysis of the natural cold, cough, and sore throat market has also been provided. In addition to this, competitive analysis of the natural cold, cough, and sore throat market has been presented in the report.
Chapter 1 – Executive Summary
The chapter commences with a brief overview of the natural cold, cough, and sore throat remedies market. The ensuing sections of the chapter provide a detailed market analysis along with exclusive recommendations from Fact.MR analysts.
Chapter 2 – Market Introduction
The chapter provides a detailed structure of the cold, cough, and sore throat remedies market which enables readers to comprehend the market better. Along with the market taxonomy, the chapter provides a clear definition of the natural cold, cough, and sore throat remedies market.
Chapter 3 – Natural Cold, Cough, and Sore Throat Remedies Market Opportunity Analysis
The chapter describes the macro-economic factors that currently impact the natural cold, cough, and sore throat market. In addition to this, the chapter provides exclusive opportunities present in the natural cold, cough, and sore throat remedies market.
Chapter 4 – Global Economic Outlook
The chapter provides a detailed analysis of the region-wise expenditure on healthcare around the world which helps business professionals and stakeholders gain a better perspective of the global health industry.
Chapter 5 – Market Background
The chapter presents a list of the key market dynamics including restraints, trends, and drivers that impact the natural cold, cough, and sore throat remedies market. In addition to enlisting the dynamics, the chapter provides a detailed analysis of how each of them would impact the growth of the natural cold, cough, and sore throat remedies market.
Chapter 6 – Key Inclusions
Under this chapter, all the necessary factors that influence the growth of the natural cold, cough, and sore throat market have been identified and explained. Key competitors, regulatory scenarios around the world, supply chain analysis, and value chain analysis have been analyzed in detail in this chapter.
Chapter 7 – Global Natural Cold, Cough, and Sore Throat Remedies Market Analysis and Forecast
The chapter provides a detailed analysis of the market in the recent past along with an accurate and authentic forecast of the natural cold, cough, and sore throat market. Further, the report provides a comprehensive analysis of the market on the basis of each of the segment namely product type and distribution channel.
Chapter 8 – North America Natural Cold, Cough, and Sore Throat Remedies Market Analysis
The chapter commences with an introduction to the North American natural cold, cough, and sore throat market. In the ensuing sections of the chapter, a comprehensive segment-wise analysis and forecast of the natural cold, cough, and sore throat remedies market have been provided. The report further provides a country-wise assessment of the natural cold, cough, and sore throat market in the region.
Chapter 9 – Latin America Natural Cold, Cough, and Sore Throat Remedies Market Analysis
A brief introduction to the natural cold, cough, and sore throat remedies market existent in the Latin American region has been provided at the beginning of the chapter following which a detailed analysis of the market on the basis of product type, country, and distribution channel has been presented.
Chapter 10 – Western Europe Natural Cold, Cough, and Sore Throat Remedies Market Analysis
The beginning of the chapter provides a brief introduction of the natural cold, cough, and sore throat remedies market existent in the Western European region. In the ensuing sections of the chapter, a detailed analysis in terms of Y-o-Y growth and value has been provided on the basis of country, product type, and distribution channel.
Chapter 11 – Eastern Europe Natural Cold, Cough, and Sore Throat Remedies Market Analysis.
After a brief introduction of the natural cold, cough, and sore throat market existent in the Eastern European region, the chapter provides a comprehensive analysis and accurate forecast of the cold, cough, and sore throat remedies market on the basis of countries, distribution channel, and product type.
Chapter 12 – APEJ Natural Cold, Cough, and Sore Throat Remedies Market Analysis
The chapter commences with an introduction of the natural cold, cough, and sore throat market existent in the APEJ region. The ensuing sections of the report, provide a detailed analysis and forecast of the natural cold, cough, and sore throat remedies on the basis of country, product type, and distribution channel.
Chapter 13 – Japan Natural Cold, Cough, and Sore Throat Remedies Market Analysis
The chapter provides a comprehensive analysis of the natural cold, cough, and sore throat remedies market existent in Japan. Along with a comprehensive analysis of the value of the natural cold, cough, and sore throat market in the region, the chapter divides the market and presents a detailed analysis and forecast of the market on the basis of product type and distribution channel.
Chapter 14 – MEA Natural Cold, Cough, and Sore Throat Remedies Market Analysis
The chapter analyzes the natural cold, cough, and sore throat remedies market existent in the MEA region. In addition to providing a forecast of the market value, the chapter provides detailed information about the natural cold, cough, and sore throat remedies market on the basis of product type, country, and distribution channel.
Chapter 15 – Forecast Factors: Relevance and Impact
The chapter enlists all the factors that were considered while drawing the authentic forecast for the natural cold, cough, and sore throat remedies market and backs up the inclusion of those by points through relevant explanations.
Chapter 16 – Forecast Assumptions
The chapter lists all the assumptions that were made during the compilation of the report.
Chapter 17 – Competitive Analysis
The chapter provides a comprehensive analysis of the competition prevalent in the natural cold, cough, and sore throat remedies market. In addition to this, the chapter enlists the names of all the leading players operating in the natural cold, cough, and sore throat market and a detailed dashboard view of each of the players provide information about their product portfolio, strengths, weaknesses, market presence, revenue share, and global footprint
Chapter 18 – Assumptions and Acronyms Used
A list of all the assumptions made and acronyms used throughout the report has been provided under this chapter whit an aim to help readers comprehend the report better.
Chapter 19 – Research Methodology
The robust and elaborate research methodology that was employed during the compilation of the report has been explained thoroughly in this chapter. A two-step research process involving primary and secondary researches was adopted to gain valuable insights into the natural cold, cough, and sore throat remedies market. While primary research involves interviewing industry savants and elaborate company case studies, secondary research is conducted by thoroughly studying trade journals, press releases, and other industry-related publications. Results from both the phases of research are cross-referenced to filter out erroneous information from the report.
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Natural Cold, Cough, and Sore Throat Remedies Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028