A recent report published by Infinium Global Research on allergic rhinitis drugs market provides an in-depth analysis of segments and sub-segments in global as well as regional allergic rhinitis drugs market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional allergic rhinitis drugs market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global allergic rhinitis drugs market. According to the report the global allergic rhinitis drug market is projected to grow at a CAGR of 3.8% over the forecast period of 2018-2024.
Allergic rhinitis, or hay fever, is an allergic reaction to specific allergens. An allergen is an innocuous substance that causes an allergic reaction. This condition is usually caused by dust, animal dander, pollen, and certain food ingredients. Allergic rhinitis and sinusitis are related to each other, as allergic rhinitis blocks the nose, which in turn blocks the sinuses.
The market is expected to grow due to a variety of drugs and nasal sprays are developed by manufacturers for the treatment of allergic rhinitis in the coming years. According to the American Academy of Allergy, Asthma, and Immunology (AAAAI) estimates at least 50 million people in the US are affected by nasal allergies from which 30% of adults and 40% of children, in 2015. An increase in the occurrence of allergic rhinitis is likely to boost the growth of this market growth. Furthermore, Rise in awareness about allergic rhinitis and high usage of tobacco are some of the factors driving the growth of the market.
Among the regions, North America is expected to be the largest market for allergic rhinitis. High incidences of allergic rhinitis in regions like the US, Canada, and other parts of North America. In 2017, Catalent Pharma Solutions Limited received approval for Odactra drug, from the U.S. Food and Drug Administration (FDA), the first allergen extract to be administered under the tongue (sublingually), to treat house dust mite (HDM)-induced nasal inflammation (allergic rhinitis), with or without eye inflammation (conjunctivitis), for people aged between18 and 65 years. Pediapharm Inc. launched an advanced allergy medication – Rupall, in a tablet and oral form, in 2017, which is a first prescription antihistamine with three indications namely, symptoms associated with seasonal allergic rhinitis (SAR), perennial allergic rhinitis (PAR), and chronic spontaneous urticaria (CSU), for children and adults aged 2 years and above suffering from the allergy.
The report on global allergic rhinitis drugs market covers segments such as a class of drugs and route of administration. Based on the class of drugs the global allergic rhinitis drugs market is categorized into immunotherapies, intranasal corticosteroids, and antihistamines. Based on the route of administration the global allergic rhinitis drugs market is categorized into intranasal, oral and parenteral.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. In this section, the key trends and market size for each geography are provided throughout 2016-2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% throughout 2018-2024.
The report provides profiles of the companies in the global allergic rhinitis drugs market such as GlaxoSmithKline, Merck, Sanofi, Alcon, Adamis Pharmaceuticals, Belcher Pharmaceuticals, Dr. Reddy's Laboratories, Mitsubishi Tanabe Pharma, Novartis, and Pfizer.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. Besides, this report provides insights into the factors that are driving and restraining the global allergic rhinitis drugs market. Moreover, the IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of allergic rhinitis drugs market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the allergic rhinitis drugs market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the allergic rhinitis drugs market to understand the present and future trends in this market and formulate their strategies accordingly.