The Global Throat Sprays Industry is on the brink of a significant expansion, with industry reports forecasting an impressive valuation of US$484.0 million by the year 2023. According to market analysts, a steady growth trajectory is anticipated, projecting a noteworthy 2.1% Compound Annual Growth Rate (CAGR) over the forecast period. This surge is expected to elevate the market size to an outstanding US$598.3 million by 2033.
The recent surge in viral infections globally has spurred a heightened demand for immunity-boosting products. Despite stringent precautions, infections can spread through various channels, prompting healthcare industry players to seek herbal products that enhance immunity with minimal adverse effects. This approach not only mitigates associated risks but also aligns with the growing preference for treatments with less detrimental impact.
Traditionally, herbal infusions, cold beverages, lozenges, and candies containing herbal extracts have been go-to options for alleviating moderate sore throat symptoms. However, the chemicals in lozenges and sweets are not always directed at the mouth cavity and are delivered relatively slowly. Recognizing the need for a more targeted and efficient solution, healthcare providers and consumers are turning to throat sprays as a superior and practical treatment option for sore throats.
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“Growing preference for natural-ingredient-based throat sprays, along with wide availability of OTC medicines across online sales channels will create opportunities for growth in the market over the forecast period,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Global Throat Sprays Industry Key Takeaways:
- Based on product type, sales of anesthetic throat sprays will gain traction through 2032.
- In terms of spray type, the pump and dispensers segment will hold around 66.2% of the total market share by 2032.
- By capacity, demand for 20-30 ml throat sprays will gain traction at a 2.4% CAGR during the forecasted years.
- Hospital pharmacies will dominate the market by 2032. The segment held around 33.4% of the total market share in 2021.
- The U.S. will lead the North America throat sprays market through 2032.
- Demand for throat sprays in Germany will grow at a 2.9% CAGR over the forecast period.
- Sales in the China throat sprays market will increase at a 1.9% CAGR over the assessment period.
Throat sprays for sore throat are products that are designed to provide relief for various throat-related symptoms, such as sore throat, hoarseness, and dryness. They typically come in a spray bottle and contain active ingredients that can help soothe the throat.
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Global Throat Sprays Industry Competition Landscape
Research, investment in R&D, strategic collaborations, and technology play a vital role in the Global Throat Sprays Industry growth. Manufacturers and integrators commonly use acquisitions, collaborations, promotions, expansions, and product launches to transfer technology and broaden their customer base internationally. For instance:
- In June 2021, URSATEC developed a melatonin spray – 100% free from preservatives. It is an effective sleep spray, which is void of any kind of preservatives, for better tolerability and safe use.
- In March 2022, Procter & Gamble announced that it would expand its manufacturing facility located at 100 Swing Road in Greensboro by 80,000 square feet and create an additional 46 jobs. The company plans to invest $110 million in the expansion.
Global Throat Sprays Industry Key Companies Profiled:
- Prestige Consumer Healthcare Inc.
- Reckitt Benckiser Group PLC.
- Purdue Pharma
- Procter & Gamble
- Cipla Limited
- iNova Pharmaceuticals (Difflam)
- Marinomed Biotech AG
- Biocidin Botanicals
- URSATEC GmbH
- Martin & Pleasance
- Mega We Care
- PFL Healthcare (Snoreeze)
- Zenta Healthcare Private Limited
- Puressentiel Laboratory
- Melcare Biomedical
- Laboratoire Les 3 CHÊNES
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Key Market Segments Covered in Global Throat Sprays Industry Research
Spray Type:
- Anaesthetics Throat Sprays
- Anti-inflammatory Throat Sprays
- Pain Relief Throat Sprays
- Anti-bacterial Throat Sprays
- Natural Extract Throat Sprays
Closures:
- Aerosol Sprays
- Pump and Dispensers
Capacity:
- 5 ml
- 10-15 ml
- 20-30 ml
- >30 ml
Distribution Channel:
- Retail Store Chains
- Drug Stores
- Hospital Pharmacies
- Online Pharmacies
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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