Antihistamines Market Size 2021 with Industry Development Scenario and Forecast to 2027 – Instant Interview
the antihistamines market The report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating globally. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes in the market, capturing all aspects of the Antihistamines industry.
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Antihistamines Market Overview
The antihistamines market size was estimated at USD 220 Million in 2019 which is expected to reach USD 340 Million by 2025, registering a CAGR of 8.9% during the forecast period (2020-2025). Antihistamines are a class of drugs primarily used to treat allergies, such as runny nose, hives, and itching, which result from the release of histamine. The two classes of antihistamines include first-generation antihistamines, such as alimemazine, promethazine, clemastine, ketotifen, and hydroxyzine, among others. Second-generation antihistamines include drugs such as cetirizine, levocetirizine, acrivastine, loratadine, and fexofenadine. The demand for antihistamines is increasing with modern drug development technologies in the healthcare sector.
Factors affecting the Antihistamines industry over the forecast period
- The growth of antihistamines in the global market is driven by various factors such as increasing geriatric population, changing lifestyle, high prevalence of allergies in children, and growing healthcare infrastructure in economies. emerging countries, such as India and China.
- The government also provides financial aids, makes rules and regulations, works for the development and promotion of antihistamines, which affect the dynamics of the antihistamines market.
- However, the lack of consumer awareness about the benefits of antihistamines and the side effects associated with antihistamines such as dizziness, blurred vision, nervousness, irritability, and decreased appetite may restrain the growth of antihistamines in the market. globally during the forecast period.
Impact of COVID-19 on the Antihistamines market
The outbreak of the COVID-19 pandemic has had a positive impact on the growth of the healthcare industry including the antihistamines market. According to the COIVD-19 Expert Database, antihistamines have been considered an effective drug to treat allergic conditions during the COVID-19 pandemic. Antihistamines are considered among the many drugs that have treatment potential for COVID-19. Considering its applications in COVID-19, the demand for antihistamines has increased after the outbreak of the COVID-19 pandemic. Hence, the antihistamines market is expected to register significant market value in 2020.
Antihistamines Market: Scope of the Report
The report depicts the global antihistamines market study based on type, route of administration, and application.
The Antihistamines Market has been segmented on the basis of Type –
- Sedative antihistamines
- Non-sedating antihistamines
Antihistamines market has been segmented on the basis of route of administration –
- Oral route
- Parent Road
- rectal route
Antihistamines Market has been segmented on the basis of Application –
Antihistamines Market: Regional Outlook
Based on region, the global antihistamines market has been segmented into five geographical regions namely North America, Asia-Pacific, Europe, South America, Middle East and Africa. In 2019, North America held the largest antihistamines market share, followed by Asia-Pacific and Europe due to the increasing prevalence of allergic conditions and increasing trend of self-medication in the area. Moreover, Asia-Pacific is expected to project the highest CAGR in the world during the forecast period, owing to an increase in the number of dermatology clinics in the region.
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Leading competitors in the Antihistamines Market include-
The antihistamines market is highly fragmented, with the presence of a large number of small players across the globe. Leading companies of the Antihistamines Market operating in the global market are-
- Merck & Co., Inc.
- Johnson and Johnson Services Inc.
- Sanofi SA
- Teva Pharmaceuticals Industries Inc.
- Bayer AG
- F. Hoffmann-La Roche Ltd.
- Akorn, Inc.
- Celgene Company
- Pfizer Inc.
- Novartis AG
- Boehringer Ingelheim GmbH
- CVS Pharmacy
- Prestige Brands Holdings Inc.
- Meda Consumer Healthcare, Inc.
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The Antihistamine Tools Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.