According to IMARC Group’s latest report, titled “Common Cold Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033”, the 7 major common cold markets are expected to exhibit a CAGR of 4.55% during 2023-2033. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
The common cold is a viral infection that primarily affects the upper respiratory tract, encompassing the nose and throat. It is highly contagious and transmitted rapidly through respiratory droplets from infected individuals or by touching contaminated surfaces. Its symptoms include a runny or congested nose, sneezing, sore throat, cough, mild headaches, and others. Additionally, individuals affected by the common cold may experience fatigue, mild body aches, watery eyes, and an overall feeling of malaise. It is diagnosed through a comprehensive clinical assessment of the patient’s symptoms and medical history. As it is a self-limiting viral infection, there are generally no specific diagnostic tests for the common cold. In certain cases, healthcare providers may perform tests to rule out other respiratory illnesses or to identify the causative virus.
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What are the growth prospects and trends in the industry?
The common cold market is experiencing significant growth due to the increasing incidence of viral respiratory infections caused by rhinoviruses, respiratory syncytial viruses, influenza viruses, parainfluenza viruses, and enteroviruses. Along with this, the rising prevalence of numerous associated risk factors, including weakened immune systems, close contact with infected individuals, and exposure to cold weather conditions, are acting as another growth-inducing factor. Furthermore, the widespread utilization of decongestants and pain relievers to ease headaches, sore throats, body aches, and nasal congestion is supporting the market growth.
Apart from this, the growing demand for saline nasal sprays, which aid in moisturizing and clearing nasal passages, reducing congestion, and improving breathing, are contributing to the market growth. Moreover, the escalating utilization of molecular diagnostic tests to facilitate the identification of specific viral RNA or DNA sequences in respiratory samples is favoring the market growth.
Countries Covered:
• United States
• Germany
• France
• United Kingdom
• Italy
• Spain
• Japan
Analysis Covered Across Each Country:
• Historical, current, and future epidemiology scenario
• Historical, current, and future performance of the common cold market
• Historical, current, and future performance of various therapeutic categories in the market
• Sales of various drugs across the common cold market
• Reimbursement scenario in the market
• In-market and pipeline drugs
This report also provides a detailed analysis of the current common cold marketed drugs and late-stage pipeline drugs.
In-Market Drugs:
• Drug Overview
• Mechanism of Action
• Regulatory Status
• Clinical Trial Results
• Drug Uptake and Market Performance
Late-Stage Pipeline Drugs:
• Drug overview
• Mechanism of action
• Regulatory status
• Clinical trial results
• Drug uptake and market performance
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Competitive Landscape With Key Players:
The competitive landscape of the common cold market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2033)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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