Expectorant Drugs Market Poised for Exponential Growth, Projecting US$ 38,455.4 Million by 2034

By 2024, the expectorant drugs market is projected to be worth US$ 17,648.2 million. Forecasts state that in 2034, the market will be valued US$ 38,455.4 million. The market is anticipated to develop at a compound yearly growth rate of 4.3% between 2024 and 2034. Expectorants may be necessary for respiratory disorders such as bronchitis, pneumonia, and the common cold. Expectorants may help patients with these conditions by boosting respiratory function and relieving symptoms because they minimise excessive mucus production and congestion.

An increasing number of dry cough cases resulting in dry throats drives the demand for expectorant drugs in the market. With FDA approvals granted, expectorants are making significant progress on the global market. Throughout the healthcare industry, the FDA regulates and approves expectorant drugs to ensure their safety, effectiveness, and quality.

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The prevalence of coughs is expected to increase significantly, leading to increased demand for expectorant drugs. For instance, according to data released by the National Center for Biotechnology Information, cough accounted for about 8% of all consultations with primary care physicians worldwide. According to the same source, the annual incidence of cough in the general population is projected to be between 10% and 33% globally. Due to changes in dietary habits among youth and middle-class consumers, cough cases are also on the rise globally.

Key Takeaways:

Secretion enhancers are the leading segment as drug type and held approximately 59.7% market value share in 2024.
By product type, over-the-counter (OTC) drugs are expected to expand at a CAGR of 8.4%.
The United States is expected to be an opportunistic market, registering a 6.8% CAGR through 2034.
Germany to experience a CAGR of 4.5% with respect to expectorant drug sales.
India and China to register CAGRs of 7.2% and 8.1% respectively from 2024 to 2034.

“Rising prevalence of cold and cough, coupled with expanding product launches, is expected to drive sales of expectorant drugs across the globe. Rising research and development activities and regulatory approvals will increase in the next few years,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Market Competition

Manufacturers are turning to discreet and innovative expectorant drugs to meet consumer demands. Therefore, brand promotion takes place on a parallel path. The major key players mostly rely on organic and inorganic growth strategies such as product launches, acquisitions, and collaborations. Some of the key developments are as follows:

Key Developments:

In August 2023, Marksans Pharma secured approval from the US Food and Drug Administration (FDA) on its Abbreviated New Drug Application (ANDA) for Guaifenesin Extended-Release Tablets, 600 mg and 1200 mg (OTC). Guaifenesin extended-release tablets remove mucus from the bronchial passageways and improve coughing by loosening mucus and thinning bronchial secretions.
In November 2022, During the flu season of 2022, a clean medicine company Genexa, the first to remove all artificially derived inactive ingredients from its products, announced the adult-only cough suppressant and expectorant Cough and chest Congestion that temporarily controls coughs, relieves chest congestion, and thins and loosens mucus with its maximum strength cough suppressant and expectorant.

Key Segments:

By Drug Type: