The 7 major common cold markets are expected to exhibit a CAGR of 4.37% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2034
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Historical Years
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2018-2023
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Market Growth Rate 2024-2034 | 4.37% |
The common cold market has been comprehensively analyzed in IMARC's new report titled "Common Cold Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". The common cold is a viral infection that primarily affects the upper respiratory tract, including the nose and throat. It is highly contagious and spreads quickly through respiratory droplets from infected patients or by coming into contact with contaminated surfaces and then touching the face. Some of the symptoms associated with the condition are a runny or stuffy nose, sneezing, sore throat, cough, mild headaches, etc. Nasal congestion and discharge can cause a blocked or drippy nose, while sneezing is often triggered by irritation in the nasal passages. A sore throat may manifest as discomfort or pain, making swallowing or speaking difficult. Additionally, individuals suffering from the condition may experience fatigue, mild body aches, watery eyes, a general feeling of malaise, etc. The diagnosis is typically based on a thorough clinical assessment of the patient's symptoms and medical history. There are usually no specific diagnostic tests specifically for the common cold, as it is a self-limiting viral infection. However, in some instances, healthcare providers may perform tests to rule out other respiratory illnesses or to determine the causative virus.
The increasing cases of viral respiratory infections caused by rhinoviruses, respiratory syncytial viruses, influenza viruses, parainfluenza viruses, enteroviruses, etc., are primarily driving the common cold market. In addition to this, the rising prevalence of numerous associated risk factors, including weakened immune systems, close contact with infected patients, exposure to cold weather conditions, etc., is also creating a positive outlook for the market. Moreover, the widespread adoption of decongestants to alleviate nasal congestion and pain relievers to ease headaches, sore throats, and body aches is further bolstering the market growth. Apart from this, the inflating application of saline nasal sprays, which help moisturize and clear nasal passages, thereby reducing congestion as well as improving breathing, is also acting as another significant growth-inducing factor. Additionally, the escalating utilization of molecular diagnostic tests, such as polymerase chain reaction (PCR) and nucleic acid amplification techniques, since they aid in identifying specific viral RNA or DNA sequences in respiratory samples, allowing for the rapid and accurate diagnosis of the causative viruses, is expected to drive the common cold market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the common cold market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for common cold and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the common cold market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current common cold marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Vituz (Hydrocodone/chlorpheniramine) | Currax Pharmaceuticals |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Common Cold: Current Treatment Scenario, Marketed Drugs and Emerging Therapies