Antihistamine Drugs Market Scope
Antihistamines are used to treat allergic conditions that result from the release of histamine. Antihistamines market has high growth prospects owing to the increasing geriatric population and rising prevalence of skin allergies. Further, growing healthcare infratstrure in the developing economies and research and development in the healthcare industry expected to drive the demand for antihistamines drugs over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson & Johnson Consumer Inc. (United States), Sanofi (France), Bayer AG (Germany), Pfizer (United States), CVS pharmacy (United States), Merck & Co., Inc. (United States), Prestige Brands Holdings, Inc. (United States), Novartis (Switzerland), Teva Pharmaceutical (Israel), Boehringer Ingelheim (Germany), AstraZeneca (United Kingdom) and Mylan (United States) |
CAGR | % |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States & European Players will contribute to the maximum growth of Global Antihistamine Drugs market throughout the predicted period.
Johnson & Johnson Consumer Inc. (United States), Sanofi (France), Bayer AG (Germany), Pfizer (United States), CVS pharmacy (United States), Merck & Co., Inc. (United States), Prestige Brands Holdings, Inc. (United States), Novartis (Switzerland), Teva Pharmaceutical (Israel), Boehringer Ingelheim (Germany), AstraZeneca (United Kingdom) and Mylan (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Antihistamine Drugs market by Type , by Application (Allergy, Urticaria, Dermatitis, Conjunctivitis and Others) and Region with country level break-up.
On the basis of geography, the market of Antihistamine Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Influencing Trend:
Research and Development in the Healthcare Industry
Market Growth Drivers:
Growing Prevalence of Skin Allergies and Rising Geriatric Population
Challenges:
Lack of Awareness in the Emerging Economies and Intense Competition among Market Players
Restraints:
Stringent Government Regulations Regarding Medical Drugs and Side Effects May Cause Such As Dry Mouth, Dizziness, Nervousness, Decreased Appetite, and Blurred Vision
Opportunities:
Technological Advancement in the Healthcare Industry and Growing Healthcare Infrastructure in the Developing Economies
Key Target Audience
Antihistamine Drug Manufacturers, Antihistamine Drug Suppliers, Medical Research Laboratories, Research and Development (R&D) Companies, Market Research and Consulting Service Providers, Potential Investors and Others