Growth Drivers
Rising Level of Air Pollution - Chemicals or other contaminants that are harmful to plants, animals, and people collectively constitute air pollution. A significant proportion of air pollution is caused by humans, in the context of emissions from factories, planes, cars, or aerosol cans. Air pollution is most prevalent in large cities, where emissions from numerous sources are coupled. The rising level of air pollution results in several health and respiratory problems which is expected to propel the throat sprays market in the forecasted period. As per the World Health Organization, nearly all of the world's population (99%) breathes air that is unhealthy and surpasses WHO air quality guidelines. In addition, 17% of higher-income nations experience nitrogen dioxide issues.
Rise in Prevalence of Strep Throat Problem – As per a report, every year, approximately 610 million people worldwide contract strep throat, with many of them being children.
Upsurge in Rhinitis – Each year, the occurrence of rhinitis ranged from 2% to 64% worldwide.
Spike in Upper Respiratory Infections – For instance, in the global burden of diseases 2019 study, incident cases of upper respiratory infections (URIs) reached nearly 17 billion in 2019, accounting for 41% of all cases.
Increasing Geriatric Population - As per the World Health Organization (WHO), the global population of people over the age of 60 is expected to reach 1.4 billion by 2030.
Challenges
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
~4% |
Base Year Market Size (2022) |
~ USD 474 Million |
Forecast Year Market Size (2033) |
~ USD 588 Million |
Regional Scope |
|
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
3.9% |
Base Year Market Size (2024) |
USD 511.2 million |
Forecast Year Market Size (2037) |
USD 840.61 million |
Regional Scope |
|
Author Credits: Radhika Pawar
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