Allergic Rhinitis Market worth USD 15 Billion with growing at a CAGR of 7% During the forecast period from 2017 to 2023. Widespread prevalence of hay fever and nasal allergy is view as major driver of the global allergic rhinitis market. Allergic rhinitis can hereditary or genetic. Sensitivity towards dust can also trigger the condition. To a certain extent, allergic rhinitis is a common disease and thereby has a tremendous market.
Rising popularity of inhalers and nasal sprays for treating allergic rhinitis is a major trend, which is mainly owing to easy accessibility and effectiveness of such products. Allergic rhinitis is commonly associated with weak immunity. People with week immunity or conditions that affect the immunity are vulnerable to the disorder. High allergic reaction to dust particles, pollen, mold or animal dander is the primary symptom of allergic rhinitis. At the same, the condition also has a seasonal effect, the seasons of the year when most flowers blossom, the risk of accruing the condition is higher. More cases are registered in post-winters, spring season and summers.
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Allergic Rhinitis Market Competitive Landscape
Top key companies operating the global allergic rhinitis market include
- ALLAKOS Inc.
- Cigna (USA)
- J&J (US)
- Glenmark Pharmaceutical (India)
- Ampio pharmaceutical Inc. (US)
- Merck (US)
- Himalaya (India)
- Hisamitsu Pharmaceutical Co.in (Japan)
- Sanofi (France)
- Olain Farm (Lavtvia)
- Chong kun Dang Pharmaceutical Corp. (South Korea)
- Farma (Spain)
The strategic roadmap and practices carried out by companies have a significant impact on the development of the market. At the same time, increased focus on product innovation and new drug discovery is expected to influence the growth course of the market in the years to come.
Allergic Rhinitis Market Segmental Overview
The segmental analysis of the global allergic rhinitis market has been segmented into test, treatment and types.
On the basis of test, the market has been segmented into complete
- blood count
- IgE RAST test
- skin Test
Based on treatment, the market has been segmented into
- home remedies
- eye drops
- nasal sprays
- sublingual immunotherapy (SLIT)
The antihistamine segment covers
The decongestants segment covers
- sudafed PE
- afrin nasal spray
On the basis of types, the market has been segmented into
- non-allergic rhinitis
Global Allergic Rhinitis Market: Regional Analysis
MRFR’s report covers the market across Asia Pacific, Americas, the Middle East & Africa (MEA) and Europe. In terms of revenue, North America accounts for the largest market and this trend is likely to continue throughout the assessment period. The U.S. accounts for many hay fever incidences. This is a primary driver in the region. The Europe represents the second largest market for allergic rhinitis. Prevalence of allergic rhinitis is high in the region, as a result, demand for treatment and medication remains strong. The allegric rhinitis market in Asia Pacific is also expected to witness a strong growth over the next several years. Rising level of awareness, and increased healthcare penetration is propelling the market in the region. Moreover, a vast patient population in region remains an attractive prospective for the market players.
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