According to a recent Fact.MR report, the natural cold, cough, and sore throat remedies market is estimated to exceed US$ 4,800 million in revenue in 2019. The market for natural cold, cough, and sore throat medicines is growing due to the expanding popularity of alternative medicine and therapies, as well as the broad adoption of natural medicine in healthcare around the world.
Natural syrups and drops, according to the survey, will continue to account for nearly half of the market in 2018, with revenues of over US$ 2,200 million.
Structure of the Market
The market for natural cold, cough, and sore throat remedies is split by product type and distribution channel in this report.
Syrups and drops, pills and capsules, powders, pellets, and drink mixes, inhalers, sprays, and rubs, and lozenges are the different product types in the natural cold, cough, and sore throat remedies market.
The natural cold, cough, and sore throat remedies market has been divided into hospital pharmacies, retail pharmacies, e-commerce, and mail-order pharmacies based on the distribution channel.
Hospital pharmacies are expanding their portfolio in response to rising consumer demand for natural cold remedies.
Hospital pharmacies are stocking more natural goods for the treatment of colds and coughs as a result of a significant consumer shift toward naturally-derived medications and therapies, as well as growing worries about the health effects of traditional medicine. The expansion of the trend has been fueled by government attempts to promote the integration of natural medicine into healthcare. A major development that points to the prevalent trend’s expansion was the Scottish government’s 9 percent increase in homoeopathic investment in 2017. According to the survey, hospital pharmacists would control over 40% of the natural cold, cough, and sore throat medicines industry in 2019.
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