A decongestant is a medicine which relieves nasal congestion and helps someone who has a cold to breathe more easily. Decongestants help ease a blocked or a stuffy nose and provide short-term relief for a blocked or a stuffy nose (nasal congestion). They work by reducing the swelling of the blood vessels in the nose. Decongestant nasal drops relieve the breathing problems caused by colds and flu. Tablets or nose drops containing a decongestant can be used to treat blocked noses. This helps to open up the airways. Thus, there is an increase in demand for decongestants worldwide.
Increasing incidence of seasonal and perennial allergic rhinitis, rising prevalence of sinusitis, rise in demand for safe and effective decongestants (tablets, capsules, syrups, nasal sprays, drops, and inhalers, growing geriatric population, and introduction of novel products in the market are major factors expected to propel growth of the global decongestant market.
For instance, in June 2021, the Food & Drug Administration (FDA) approved a nasal antihistamine for nonprescription use through a process called a partial prescription to nonprescription switch. FDA approved Astepro (azelastine hydrochloride nasal spray, 0.15%) for seasonal and perennial allergic rhinitis for adults and children six years of age and older.
Moreover, in July 2022, Dr Reddy’s Laboratories launched an over-the-counter generic medication for relief from both nasal and sinus congestion due to colds or allergies. The company also launch Fexofenadine HCI 180mg and Pseudoephedrine HCI 240mg extended release tables in the U.S.
Ask Us to Get Your Sample Copy Of The Report, Covering TOC and Regional Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/5805
Decongestant Market Drivers:
- Prevalence of Respiratory Conditions: The high prevalence of respiratory conditions such as the common cold, allergies, sinusitis, and rhinitis is a significant driver for the decongestant market. These conditions affect individuals of all ages and demographics, creating a consistent demand for products that provide relief from nasal congestion.
- Increasing Awareness and Self-Care Practices: Growing consumer awareness about the availability and effectiveness of decongestant products has led to a shift towards self-care practices. Individuals are taking a proactive approach to managing their health and seeking over-the-counter solutions for alleviating their nasal congestion symptoms.
- Technological Advancements in Formulations: Advances in pharmaceutical technology have led to the development of innovative decongestant formulations. For example, nasal sprays with longer-lasting effects or combination products that target multiple symptoms are introduced to the market. These advancements improve efficacy and provide more convenient options for consumers.
- Over-the-Counter Availability: The availability of over-the-counter decongestants without the need for a prescription makes them easily accessible to consumers. This convenience contributes to the market’s growth as individuals can purchase these products directly and address their nasal congestion symptoms without visiting a healthcare provider.
Decongestant Market Opportunities:
- Expansion of Product Range: There is an opportunity to expand the range of decongestant products available in the market. Manufacturers can explore the development of innovative formulations, such as extended-release tablets, nasal gels, or novel delivery systems, to provide consumers with more options for managing nasal congestion.
- Natural and Herbal Remedies: With the growing consumer interest in natural and herbal remedies, there is an opportunity to develop decongestant products that incorporate natural ingredients known for their decongestant properties. This can cater to the increasing demand for alternative and holistic healthcare solutions.
- Pediatric Decongestants: There is a need for safe and effective decongestant options specifically formulated for children. Developing pediatric decongestants that are appropriate for different age groups and have child-friendly formulations can address this unmet need in the market.
- Allergy-specific Decongestants: Allergic rhinitis is a common condition that causes nasal congestion. Developing decongestant products specifically targeting allergic congestion, including formulations that combine antihistamines and decongestants, can provide comprehensive relief for allergy sufferers.
- By Type of Decongestant: Oral Decongestants, Nasal Decongestants:
- By Formulation: Tablets, Capsules, Syrups, Nasal Sprays, Drops, Inhalers
- By Mode of Action: Alpha-Adrenergic Agonists, Vasoconstrictors, Others
- By Application: Seasonal Allergic Rhinitis, Perennial Allergic Rhinitis, Sinusitis, Nasal Congestion, Cold and Flu, Others
- By Distribution Channel: Over-the-Counter (OTC) Sales, Prescription-based Sales
- By Age Group:, Pediatric Population, Adult Population
Ask For Discount Before Purchasing This Business Report : https://www.coherentmarketinsights.com/insight/request-discount/5805
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Decongestant Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Decongestant Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐔𝐩 𝐓𝐨 𝟐𝟓% 𝐎𝐅𝐅 @ https://www.coherentmarketinsights.com/insight/buy-now/5805
Why Choose Coherent Market Insights?
☛ Identified business opportunities – Our market research report can be used to analyze potential markets and new products. It can give information about customer needs, preferences, and attitudes. Also, it compare products and services.
☛ A clear understanding of your customers – A market report gives company’s marketing department an in-depth picture about customers’ needs and wants. This knowledge can be used to improve products, prices, and advertising.
☛ Clear data-driven insights – Our Market research encompasses a wide range of activities, from determining market size and segment to forecasting demand, and from identifying competitors to monitoring pricing. All of these are quantified and measurable which means that gives you a clear path for building unique decisions based on numbers.
Explore More Related Insights:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Coherent Market Insights
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027