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HEALTHCARE & PHARMACEUTICAL

Throat Sprays Market Analysis by Type (Anti-Inflammatory Throat Sprays, Anesthetics Throat Sprays, Pain Relief Throat Sprays, Anti-Bacterial Throat Sprays, and Natural Extract Throat Sprays); by Closures (Aerosol Sprays, and Pump & Dispensers); by Capacity (5 ml, 10-15 ml, 20-30 ml, and >30 ml); and by Distribution Channel (Retail Stores, Drug Stores, Hospital Pharmacies, and Online Pharmacies) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Prestige Consumer Healthcare Inc. announced the completion of formerly announced acquisition of TheraTears and other over-the-counter consumer brands.
  • URSATEC GmbH has launched an effective melatonin sleeping spray without using a single preservative. This product is estimated to deliver quick relief and to boost the quality of sleep.

Global Throat Sprays Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~4%

Base Year Market Size (2022)

 ~ USD 474 Million

Forecast Year Market Size (2033)

~ USD 588 Million

The global throat sprays market is estimated to garner a revenue of approximately USD 588 million by the end of 2033 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 474 Million in the year 2022. The growth of the market is primarily attributed to the increasing count of several type of respiratory diseases across the globe. According to the World Health Organization (WHO), globally, approximately 262 million individuals have been suffering from asthma.

Throat-Sprays-Market-Size

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Throat sprays are sprayed directly into the mouth to relieve inflammation in the throat tissues. The user spits out additional medication after the spray has remained in the throat for the period mentioned on the package labelling. Throat sprays are simply used to treat the sore throat. The advantage of a throat spray is that, it also helps with symptoms other than a sore throat, such as a cough. A cough or whooping cough often makes your throat feel worse, so using a throat spray to relieve cough is really helpful. As per the data, the number of pertussis (whooping cough) cases in the Europe reached nearly 56044 in 2019.

Global Throat Sprays Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Level of Air Pollution - Chemicals or other contaminants that are harmful to plants, animals, and people collectively constitute air pollution. The significant proportion of air pollution is caused by humans, in the context of emissions from factories, planes, cars, or aerosol cans. Air pollution is most prevalent in large cities, where emissions from numerous sources are coupled. Rising level of air pollution results in several health and respiratory problems. As per the World Health Organization, nearly all of the world's population (99%) breathes air that is unhealthy and surpasses WHO air quality guidelines. In addition, 17% of higher income nations experience nitrogen dioxide issues.
  • Rise in Prevalence of Strep Throat Problem – As per a report, every year, approximately 610 million people worldwide contract strep throat, with many of them being children.
  • Upsurge in Rhinitis – Each year, the occurrence of rhinitis ranged from 2% to 64% worldwide.
  • Spike in Upper Respiratory Infections – For instance, in the global burden of diseases 2019 study, incident cases of upper respiratory infections URIs reached nearly 17 billion in 2019, accounting for 41% of all cases.
  • Increasing Geriatric Population - As per the World Health Organization (WHO), the global population of people over the age of 60 is expected to reach 1.4 billion by 2030.

Challenges

  • Overdosing of Throat Sprays
  • Availability of Alternatives
  • Competition Among Manufacturers

The global throat sprays market is segmented and analyzed for demand and supply by type into anti-inflammatory throat sprays, anesthetics throat sprays, pain relief throat sprays, anti-bacterial throat sprays, and natural extract throat sprays. Out of these, the anesthetics throat sprays segment is anticipated to significantly grow over the forecast period owing to the high number of seasonal infections, and viral flu i.e. influenza spread, and its fast relief actions to soothe the targeted area pain relief of sore throat. As per the Centers for Disease Control and Prevention, each season, approximately 8% of the United States population becomes sick as a result of flu, with a spectrum of 3% to 11% based on the season.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Throat Sprays Market Regional Synopsis

Regionally, the global throat sprays market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the presence of various major throat sprays manufacturers, a huge number of public awareness campaigns aimed at reducing infectious diseases, and the growing population of elderly people in the region. For instance, the number of adults aged 65 and over had increased by nearly 53 million in 2021, and it is expected to reach 86 million by 2050.

Throat-Sprays-Market

The global throat sprays market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global throat sprays market includes the following segments:

By Type

  • Anti-Inflammatory Throat Sprays
  • Anesthetics Throat Sprays
  • Pain Relief Throat Sprays
  • Anti-Bacterial Throat Sprays
  • Natural Extract Throat Sprays

By Closures

  • Aerosol Sprays
  • Pump & Dispensers

By Capacity

  • 5 ml
  • 10-15 ml
  • 20-30 ml
  • >30 ml

 By Distribution Channel

  • Retail Stores
  • Drug Stores
  • Hospital Pharmacies
  • Online Pharmacies

Top Featured Companies Dominating the Global Throat Sprays Market

  • Cipla Limited
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Reckitt Benckiser Group PLC
  • Procter & Gamble Company
  • Prestige Consumer Healthcare Inc.
  • Purdue Pharma L.P.
  • Marinomed Biotech AG
  • Biocidin Botanicals
  • Melcare Biomedical Pty Ltd
  • URSATEC GmbH
  • PURESSENTIEL UK Ltd

 

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