Weakening immunity has primarily contributed to the widespread occurrence of allergy cases globally. Market reports associated with the healthcare sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is set to expand at a CAGR of 7% while grossing revenues worth $ 15 billion in the duration of the forecast period.
Animal dander, mold, pollen, and dust have been identified as some of the triggering agents for allergic rhinitis, which are increasingly found at some times of the year as compared to the rest of the year. Since the degree of control for limiting the contraction of allergic rhinitis is severely restricted, the measure for controls and treatment are gaining increasing demand in the market. The treatment and prevention methods which are handy and provide quick relief are expected to grow favorably over the forecast period.
Segmental Analysis
The segmentation of the allergic rhinitis market comprises of types, treatment, and test. The types of the allergic rhinitis segment consists of perennial, seasonal, and non-allergic rhinitis. On the basis of the treatment, the segmentation comprises of antihistamines, immunotherapy, eye drops, decongestants, nasal sprays, sublingual immunotherapy (SLIT) and home remedies. The antihistamine segment is additionally sub-segmented into drugs like Xyzal, Clarinex, Allegra, And Zyrtec. The decongestants segment is further sub-segmented into Sudafed, Sudafed PE, Afrin Nasal Spray, And Zyrtec-D. The test segment of the market comprises of igE RAST test, skin tests, and complete blood count.
Detailed Regional Analysis
The regional analysis of the market comprises of regions such as Europe, America, Asia Pacific along with the Middle East and Africa. The North American region is controlling the allergic rhinitis market. The U.S. has the maximum cases of hay fever that are detected annually. The next major market of allergic rhinitis market is the European region. The Asia Pacific allergic rhinitis market is currently observing a high development owing to better awareness about this disease and its treatment. The growing occurrence of allergic rhinitis in this region is attributed to the growing population. Japan has the next highest frequency in terms of cases detected of allergic rhinitis after the US.
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Competitive Analysis
The external factors are defining the market’s course which is contingent on the practices and the strategic roadmaps that are used by the market players. The revolutionary innovations in products and services are the chief factor contributing to the market's success and influencing the trends that have gained importance in the market. The availability of a proficient labor force along with resources is growing the overall market development. The market is moderately well defined in terms of its volume and value. The foremost success factors and competitors’ inclinations are increasingly inclined to the strategies being used by market companies.
The primary companies that are profiled in this report are GSK (UK), Sanofi (France), Chong kun Dang Pharmaceutical Corp. (South Korea), Himalaya (India), J&J (US), Faes, Farma (Spain), Cigna (USA), Merck (US), Hisamitsu Pharmaceutical Co.in (Japan), Glenmark Pharmaceutical (India), Ampio pharmaceutical Inc. (US), Olain Farm (Lavtvia) and others.
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Industry Updates:
Aug 2018 Glenmark’s New Drug Application for Ryaltris which is an investigational fixed-dose combination nasal spray for periodic allergic rhinitis (SAR) in patients 12 years of age and older. The nasal spray of Ryaltris combines an antihistamine and a steroid and is also considered Glenmark's foremost respiratory pipeline runner.
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