Global Upper Respiratory Tract Treatment Infection Market: Overview
One of the most common reasons for the people visiting the clinics and hospitals is upper respiratory tract infection. A contagious and acute infection that occurs in the upper respiratory tract is known as upper respiratory tract infection. This infection is contagious thus can spread due to sneezing and coughing. Upper respiratory tract infection consists of infection in nose, pharynx, throat, and bronchi. The common reason for the upper respiratory tract infection is a common cold. Other causes of upper respiratory tract infection include sinusitis, laryngitis, epiglottis, bronchitis. The sources of upper respiratory tract infection are bacteria and viruses.
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Global Upper Respiratory Tract Treatment Infection Market: Segmentation
The market for upper respiratory tract infection treatment is segregated into its treatment type and distribution channel. According to the treatment type, the global market is fragmented into topical treatment and drug treatment. The topical treatment segment is further sub-segmented into nasal decongestants, cough suppressant, and others. The drug treatment segment is sub-categorized into NSAIDs, antibiotics, and others. Depending on the distribution channel, the market is divided into retail pharmacies and drug stores, online pharmacies, and hospital pharmacies.
Global Upper Respiratory Tract Treatment Infection Market: Growth Factors
The key factors that are driving the global market are the increasing rate of pollution and the constantly changing climate increases the incidences of upper respiratory tract infection. The availability of the topical solution for this infection is another factor that is driving the market growth. Furthermore, change in the lifestyle and the favorable medical insurance that is provided aid to the rise of the market. As the people are now becoming more conscious about hygiene and health they are spending a lot for the purpose, thus triggering the market. The factors that are affecting the market growth negatively are the consumption of NSAIDs has certain side effects and the growing rate of allergy incidences after topical treatment hampers the market growth.
Global Upper Respiratory Tract Treatment Infection Market: Regional Analysis
The geographical segmentation of the global upper respiratory tract treatment infection market is diversified into Western Europe, Eastern Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. The region that dominates the upper respiratory tract treatment infection market is North America. The maximum market share is contributed by North America owing to the increasing cases of upper respiratory tract infection in the U.S. North America is followed by Western Europe and Asia-Pacific region. The factor that attributes the market growth in the Western European region is the developing healthcare infrastructure and the encouraging medical insurance policies. The increasing rate of the pollution and the sudden changes in the climate in Asia Pacific region will lead to high cases of respiratory problems thus significantly influencing the market growth. The increasing geriatric population in the countries such as China and India are certain factors that are favoring the market growth.
Global Upper Respiratory Tract Treatment Infection Market: Competitive Players
The key market players that are involved in the upper respiratory tract treatment infection market include Merck & Co., Inc., GlaxoSmithKline Plc., Pfizer Inc., Hospira, Middle EastInc., Alcon, Inc., Collegium Pharmaceutical, Inc., Verona Pharma Plc., Sandoz, Inc., and Teva Pharmaceuticals.