Global Allergic Rhinitis Market - Scenario
The common name for allergic rhinitis is hay fever. It is diagnosed when symptoms appear which includes itchy nose, mouth, eyes, throat, skin, as well as other parts of the body; along with this other symptoms includes running nose, sneezing, watery eyes, problem during smelling, cough and sore throat.
The causes of allergic rhinitis are allergens which includes pollen, mould, animal dander, and dust. Some people are also allergic to soaps and some food which can cause allergic rhinitis.
The trend of using nasal sprays and inhalers is increasing since these products are easy to use, they are handy and provides quick relief. The market of allergic rhinitis will grow at the CAGR of 7% during the forecasted period of 2017 to 2023. The market is likely to achieve $ 15 billion by 2023.
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Global Allergic Rhinitis Market - Segments
The Global Allergic Rhinitis Market of allergic rhinitis is segmented into types, by treatment and by test. The types of the allergic rhinitis includes seasonal, perennial and non-allergic rhinitis. On the basis of the treatment the segmentation is done into antihistamines, decongestants, eye drops, nasal sprays, immunotherapy, sublingual immunotherapy (SLIT) and home remedies.
The antihistamine segment is further sub-segmented into drugs like allegra, clarinex, xyzal and zyrtec. The decongestants segment is also sub-segmented into afrin nasal spray, sudafed, sudafed PE and zyrtec-D. On the basis of test the segmentation is done into skin tests, igE RAST test and complete blood count.
Global Allergic Rhinitis Market - Key Players
Some of the global and local players are engaged in the Global Allergic Rhinitis Market those are, Merck (US), GSK (UK), Sanofi (France), Cigna (USA), Himalaya (India), J&J (US), Chong kun Dang Pharmaceutical Corp. (South Korea), Faes, Farma (Spain), Glenmark Pharmaceutical (India), Hisamitsu Pharmaceutical Co.in (Japan), Ampio pharmaceutical Inc. (US), Olain Farm (Lavtvia) and others.
Global Allergic Rhinitis Market - Study objectives
To provide detail analysis of the market structure along with estimated future growth for the next 7years about various segments and sub-segments of the global allergic rhinitis market.
To provide past and estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries which includes Americas, Europe, Asia-Pacific along with Middle East & Africa.
To provide overview of key players and their strategic profiling in the market by comprehensively analyzing their core competencies and drawing a competitive landscape of the market.
To track and analyze developments which are competitive in nature such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments currently taking place in the global allergic rhinitis market.
Global Allergic Rhinitis Market - Regional analysis
Geographically, the region of this market is segmented into four major region, they are America, Europe, Asia-Pacific along with Middle East and Africa. The North America is dominating the global allergic rhinitis market. The U.S. has the highest number of hay fever incidences.
The second largest market of global allergic rhinitis market is Europe. The Asia Pacific allergic rhinitis market is recently witnessing a high growth due to greater awareness about this disease and its treatment. The rising incidence of allergic rhinitis in this region is because of increasing population. Japan has the highest incidence of allergic rhinitis after US.
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