Global Allergic Rhinitis Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Some of the global and local players are engaged in the Allergic Rhinitis 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.
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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Allergic rhinitis is also known as ‘hay fever.’ The symptoms of allergic rhinitis include itchiness in mouth, nose, throat, eyes, as well as other body parts. Other symptoms include sneezing, running nose, problems faced during smelling, watery eyes, cough, and sore throat. One of the most primary reasons for the widespread occurrence of allergic rhinitis is weakening immunity. Market reports associated with allergic rhinitis, as conferred by Market Research Future (MRFR) have concluded that the market for allergic rhinitis is set to reach a 7% CAGR during the forecast period.
The global allergic rhinitis market is estimated to gross revenues of USD 15 billion by the end of the forecast period. There are many significant factors attributable to such upscaling noticed in the global market. Mold, pollen, animal dander, and dust have been identified as primary triggering agents for allergic rhinitis. These substances are increasingly found during specific periods of the year. This is leading to an upsurge in demand for controls and treatment of hay fever since the control for limiting the contraction is very limited.
Many external factors are defining the course of the Allergic Rhinitis Market, which is contingent on the various practices and strategic roadmaps used by various market players. The rising number of revolutionary innovations in multiple products and services are chiefly contributing to the success of the market and the compelling influence over trends that have gained importance in the global market. Further, the availability of proficient labor force with resources is on the rise, promoting comprehensive growth in the global allergic rhinitis market.
May 2019: Marinomed Biotech AG, a globally active biopharmaceutical company recently found that Budesolv 10µg achieves the same effect that Rhinocort Aqua 64µg, a current market reference product, does, with a dose six times lower than Rhinocort Aqua 64µg. The results of the study for Budeslov showcased that the symptoms for allergic rhinitis (hay fever) improved after the very first dose of Budesolv.
The global allergic rhinitis market is studied for various segments on the basis of type, treatment, and test. On the basis of type, the allergic rhinitis market is segmented into seasonal, non-allergic rhinitis, and perennial. On the basis of treatment, the allergic rhinitis market is segmented into nasal sprays, immunotherapy, sublingual immunotherapy (SLIT), antihistamines, decongestants, eye drops, and home remedies. The antihistamine segment is sub-segmented into drugs such as Clarinex, Allegra, Xyzal, and Zyrtec. The decongestants segment is sub-segmented into Sudafed, Afrin nasal spray, Sudafed PE, and Zyrtec-D. Based on test, the global allergic rhinitis market is segmented into IgE RAST test, skin tests, and complete blood count.
Detailed Regional Analysis
The global allergic rhinitis market is geographically segmented into Europe, America, Asia Pacific, and the Middle East & Africa. The Americas segment is further sub-segmented into North America and South America. North America is anticipated to spearhead the global allergic rhinitis market. In North America, the U.S. is estimated to dominate the country-specific market for allergic rhinitis during the assessment period.
Europe is expected to follow North America and garner the second largest share in the global allergic rhinitis market over the conjectured period. Asia Pacific is likely to witness noteworthy growth for allergic rhinitis in the forthcoming years. This high growth can be accredited to the growing awareness of the disease and the various ways of treating it. Further, a rising incidence of the disease in the region can also be attributed to the increasing population and the weakening immunity of the people residing in Asia Pacific. Japan is likely to follow the U.S. and have the highest incidence of allergic rhinitis in Asia Pacific, and the second highest incidence of the disease in the world.
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Scope of Report
The report for Global Allergic Rhinitis Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
- 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 insights about factors affecting the market’s growth.
- To analyze the global allergic rhinitis market based on various analyses which includes price analysis, supply chain analysis, Porters Five Force analysis etc.
- 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 country level analysis of the market with respect to the current market size and future growth prospect.
- To provide country level analysis of the market’s segments which includes by type, by treatment and by region.
- 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.
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