Projected Growth of 4.55% CAGR in the Common Cold Market from 2023

The newly published report by IMARC Group, titled “Common Cold Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033″, presents a comprehensive analysis of the common cold market size. The report provides an overview of the market trends, growth prospects, investment opportunities, and industry prospects, as well as an analysis of the disease overview, market scenario, and growth trends. In addition, the report offers competitor analysis, regional analysis, and recent advancements in the seven major markets (7MM). The report also highlights key segments and market drivers, as well as challenges faced by industry players.

How big is the market for common cold?

The common cold market is anticipated to grow at a CAGR of 4.55% during 2023-2033.

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What is common cold?

The common cold is a viral contagion that primarily impacts the upper respiratory tract, including the nose and throat. It is a highly transmissible infection that spreads swiftly via respiratory droplets from those infected or through touching one’s face after coming into contact with contaminated surfaces. Associated symptoms include nasal congestion or runny nose, sneezing, sore throat, cough, and mild headaches. Nasal issues can result from congestion and discharge, while sneezing is usually provoked by nasal passage irritation. Individuals may also experience discomfort when swallowing or speaking due to a sore throat. Patients might also suffer from fatigue, mild body aches, teary eyes, and generalized malaise. Diagnosis typically depends on a thorough clinical evaluation of symptoms and the patient’s medical history. Though specific diagnostic tests for the common cold are uncommon due to their self-resolving nature, healthcare providers might administer tests in some cases to rule out other respiratory illnesses or identify the virus causing the infection.

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What are the key drivers and trends in the common cold market?

The escalating instances of viral respiratory infections caused by rhinoviruses, respiratory syncytial viruses, influenza viruses, parainfluenza viruses, and enteroviruses, among others, is the prime factor impelling market growth. Besides this, the rising prevalence of numerous associated risk factors, such as weakened immune systems, close contact with infected individuals, and exposure to cold weather conditions, is acting as another significant growth-inducing factor.

Moreover, the widespread application of decongestants for easing nasal congestion and pain relievers for alleviating headaches, sore throats, and body aches is positively impacting the market growth. Additionally, the increasing use of saline nasal sprays, which assist in moisturizing and clearing nasal passages to reduce congestion and improve breathing, is aiding in market expansion. Furthermore, the growing utilization of molecular diagnostic tests such as polymerase chain reaction (PCR) and nucleic acid amplification techniques, which aid in identifying specific viral ribonucleic acid (RNA) or deoxyribonucleic acid (DNA) sequences in respiratory samples, are strengthening market growth.

What is included in the report segmentation?

The report covers the following aspects:

Report Period:

Base Year: 2022
Historical Period: 2017-2022
Market Forecast: 2023-2033

Countries Included:

United States
United Kingdom

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

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
Regulatory Status

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How This Report Can Help You:

The report on common cold market presents a comprehensive overview and analysis of the epidemiology and market for this condition in the seven major markets (7MM): the United States, EU5 (Germany, Spain, France, Italy, UK), and Japan.

With insights into both current and emerging therapies in the 7MM, this report offers valuable information for businesses seeking to understand trends and opportunities within the common cold market.

The common cold market report covers historical and forecasted market data, including epidemiology scenario, providing a reliable and informative resource for developing effective business strategies in 7MM.

Our report on the common cold market can help businesses stay abreast of the trends and drivers, gain a competitive edge and drive success.

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Key Questions Answered in this Report:

How has the common cold market performed so far and how will it perform in the coming years?
What are the markets shares of various therapeutic segments in 2022 and how are they expected to perform till 2033?
What was the country-wise size of the common cold market across the seven major markets in 2022 and what will it look like in 2033?
What is the growth rate of the common cold market across the seven major markets and what will be the expected growth over the next ten years?
What are the key unmet needs in the market?

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.

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