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In-depth Analysis of Throat Lozenges Market Industry Landscape
The market for throat lozenges is poised for positive growth, driven in part by the expanding pediatric and aging populations. Throat lozenges are particularly favored among these demographics due to their ease of administration. Catering to the pediatric and older populations, who may face challenges with other dosage forms, throat lozenges emerge as the preferred option. In the United States, the Forum on Child and Family Statistics reported that the number of children aged 0 to 17 years reached approximately 73 million in 2019.
Additionally, the Population Reference Bureau projected that the number of Americans aged 65 and older is expected to reach 98 million by the year 2060. The National Center for State Courts anticipates a doubling of Americans aged 65 and older from 2000 to 2030, with this age group constituting 20 percent of the U.S. population by 2030. The factors contributing to this demographic shift include longer life spans and the aging baby boomer population. Moreover, on a global scale, the United Nations predicts that approximately 857,040 older individuals will be residing in Asia by 2050. This significant increase in both pediatric and older populations directly influences the throat lozenges market.
These demographic groups are more susceptible to cold and flu due to generally weaker immune systems compared to adults. As a result, the prevalence of cold and flu among the pediatric and older populations is expected to drive the market growth in the foreseeable future. In essence, the rising numbers of children and older individuals, coupled with their vulnerability to respiratory illnesses, position throat lozenges as a vital product in the market. The convenience of administration and the efficacy of throat lozenges in addressing common cold and flu symptoms make them a preferred choice for these demographics. As the demographic landscape continues to evolve, the demand for throat lozenges is likely to grow, emphasizing their crucial role in providing relief and support to the pediatric and aging populations facing respiratory challenges.
Covered Aspects:| Report Attribute/Metric | Details |
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| Segment Outlook | Type, Ingredient, Indication, and Region |
Throat Lozenges Market Highlights:
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