About Allergic Rhinitis-
Allergic rhinitis (hay fever) is an allergic reaction to tiny particles in the air called allergens. When you breathe in allergens through your nose or mouth, your body reacts by releasing a natural chemical called histamine. Despite being called hay fever, hay doesn’t cause hay fever and most people don’t get a fever. Symptoms of hay fever include sneezing, nasal congestion and irritation of your nose, throat, mouth and eyes. The increase in the prevalence of various allergic rhinitis, including seasonal allergic rhinitis, perennial allergic rhinitis, and occupational allergic rhinitis among the population, and the rise in government initiatives to promote awareness regarding allergic rhinitis accelerate the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.15% |
Competition among existing players is due to the allergic rhinitis market share occupied by leading players. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Allergic Rhinitis- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck & Co. (United States), Teva Pharmaceutical Industries (Netherland), Sanofi S.A (France), AstraZeneca (United Kingdom), GlaxoSmithKline Plc. (United Kingdom), Glenmark (India), Boehringer Ingelheim (Germany), Adamis Pharmaceuticals (United States), Biopharma (United Kingdom), Pfizer Inc. (United States) and Alcon Inc. (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bayer AG (Germany), Sanis Health Inc. (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Allergic Rhinitis- market by Type (Perennial Allergic Rhinitis, Seasonal Allergic Rhinitis and Occupational Allergic Rhinitis) and Region.
On the basis of geography, the market of Allergic Rhinitis- 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). If we see Market by Treatment, the sub-segment i.e. Immunotherapy will boost the Allergic Rhinitis- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Allergic Rhinitis- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Test, the sub-segment i.e. Skin Test will boost the Allergic Rhinitis- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Allergic Rhinitis- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing prevalence of allergies and improved diagnostic.
Market Growth Drivers:
The increasing prevalence of various allergic rhinitis such as seasonal and occupational rhinitis. and Rising incident of allergies and breathing related issues.
Challenges:
Lack of allergic rhinitis control and management.
Restraints:
Termination of ongoing clinical trials.
Opportunities:
Development of new and innovative treatments. and Technological advancement in allergy rhinitis diagnostic.
Market Leaders and their expansionary development strategies
In November 2020, Reddy Laboratories Ltd., along with subsidiaries, announced that it has entered into a definitive agreement with Glenmark Pharmaceuticals Ltd. to acquire, subject to completion of certain precedent actions and closing activities, brands Momat Rino (for Russia, Kazakhstan, and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), along with rights to the trademarks, dossiers and patents. The acquired brands represent two types of products, (a) mometasone mono product and (b) combination of mometasone and azelastine, and are indicated for the treatment of Seasonal and Perennial Allergic Rhinitis.
In May 2021, Glenmark Pharmaceuticals Limited, a research-led, global integrated pharmaceutical company, launched Ryaltris -AZ Nasal Spray for the treatment of moderate to severe allergic rhinitis, in India. Glenmark being one of the leaders in respiratory segment, has been the first to launch the branded generic version at an affordable cost for the treatment of allergic rhinitis in India. This has provided patients a far more convenient, cost-effective treatment option in the country.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.