Dextromethorphan Market Analysis

End-user (Hospitals, Retail Pharmacies, Online Pharmacies, Convenient Stores)

The global dextromethorphan market is segmented and analyzed for demand and supply by end-user into hospitals, retail pharmacies, online pharmacies, convenience stores, and others. Out of these, the hospital segment is attributed to holding a significant share by the end of 2037 owing to the presence of a high number of hospitals and the existence of a strong base for hospitals around the world. The number of hospitals present in the world is increasing as per the data released by the Organization for Economic Co-Operation and Development (OECD). For instance, the count of hospitals in the United Kingdom increased from 1,882 in 2015 to 1921 in 2020, whereas, in the United States it rose from 5,564 in 2015 to 6,090 in 2019. Individuals diagnosed with cough, asthma, chronic bronchitis, and others visit hospitals owing to the trust factor associated with it and the availability of specialized doctors in hospital settings are other factors that are anticipated to impetus a high revenue generation for segment growth. Also, favorable reimbursement policies available in hospitals and easy accessibility of pharmacy make hospitals a preferred option. On the other hand, the online pharmacies segment is also projected to hold a noteworthy share during the analysis period. The convenience and ease provided by online pharmacies and the handiness of great discounts to lure customers are considered to be the major factors for segment growth.  

Application (Cough, Acute, Chronic Bronchitis, Bronchial Asthma, Sore Throat, Tuberculosis)

The global dextromethorphan market is also segmented and analyzed for demand and supply by application into a cough, acute and chronic bronchitis, bronchial asthma, sore throat, tuberculosis, and others. Out of these, the cough segment is anticipated to garner a notable share with a remarkable CAGR. In the recent period, the rapid escalation of cough cases is increasing among the global population owing to the low immune system, adoption of unhealthy lifestyles, and consumption of junk food items. Also, rising air pollution and increasing level of pollutants suspended in the environment is estimated to propel the rate of cough among individuals. 

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