Allergic Rhinitis Market Scenario:
Allergic rhinitis, or hay fever, is a type of nasal inflammation triggered by allergens such as pollen, animal dander, dust, mold and others, and caused by the overreaction of the immune system. The signs and symptoms include stuffy nose, sneezing, itching, watery eyes, and swelling around the eyes. The global allergic rhinitis market is expected to expand at a CAGR of 7.0 % during the forecasted period of 2017 to 2023.
Growing Exposure to Allergens and Rise in the Occurrence of Risk Factors are the Most Significant Determinant of the Market
Increasing exposure to allergens owing to rise in agriculture, pollution, industrialization, and others are the prime driver of the market. The growing adoption of pets and the seasonal overload of allergens such as pollen grains are also charging the market.
The advent of industrialization has led to increase occurance of chemicals primarily used in the manufacture of plastics and latex. Urbanization is another driver of the market owing to rising air pollution and use of anti-knocking agents in fuels. Allergic rhinitis affects between 10 to 30 % of people every year in the western hemisphere and is most common between the ages of 20 and 40 thereby assuring a large market.
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Growing Incidence of Diseases and Screening Coupled with Drug Development is Expected to Drive the Market:
Increasing prevalence of conditions such as asthma, allergic conjunctivitis, atopic dermatitis and others increase the propensity of allergic rhinitis. Growing screening and development of highly sensitive and selective diagnostic tests such as allergen-specific IgE antibodies is the prime driver of the market. The development of high efficacious and effective drugs such as leukotriene receptor antagonists such as montelukast and antihistamines such as diphenhydramine, cromolyn sodium is another driver of the market. Formulation development in the form of availability of nasal delivered steroids and the advent of allergen immunotherapy is another driver of the market. Nasal sprays and inhalers have resulted in faster adoption owing to ease of use, portable and provides quick relief.
Allergic Rhinitis Industry Segments:
To generate an accurate understanding of the global allergic rhinitis market, the report is segmented into types, treatment, test, and regions.
Based on the types, the market is segmented into seasonal, perennial and non-allergic rhinitis.
Based on the treatment, the market is segmented into antihistamines, decongestants, eye drops, nasal sprays, immunotherapy, sublingual immunotherapy (SLIT) and home remedies. Antihistamine is further sub-segmented into allegra, clarinex, xyzal and zyrtec. The decongestants are sub-segmented into afrin nasal spray, sudafed, sudafed PE, and zyrtec-D.
Based on the test, the market is segmentation into skin tests, IgE RAST test and complete blood count.
Based on regions, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa
Allergic Rhinitis Market Regional analysis:
North America led by the U.S. dominates the global allergic rhinitis market in 2016 owing to the highest number of hay fever incidences. Europe accounts for the second largest market led by Germany, France, and the U.K.
However, the market is expected to shift to the developing regions of Asia Pacific due to rising awareness and growing healthcare expenditure. The increasing population is another driver of the Asia Pacific region market with Japan registering the highest incidence of allergic rhinitis after the U.S.
The Middle East and Africa region are expected to be dominated by Gulf economies of Saudi Arabia, UAE, Kuwait and Qatar.
Allergic Rhinitis Market Dominant players:
Some of the major players engaged in the global allergic rhinitis market are Sanofi (France), Merck (US), Himalaya (India), Chong kun Dang Pharmaceutical Corp. (South Korea), GSK (UK), Cigna (USA), Faes, Farma (Spain), Ampio pharmaceutical Inc. (US), Glenmark Pharmaceutical (India), Hisamitsu Pharmaceutical Co.in (Japan), J&J (US), Olain Farm (Latvia) and others.
Major Table Of Contents For Global Allergic Rhinitis Market Research Report – Forecast To 2023:
1 Report Prologue
2 Market Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
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