About Loratadine Syrup
Loratadine is an antihistamine that reduces the effects of the natural chemical histamine in the body. Histamine can produce symptoms of sneezing, itching, watery eyes, and runny nose. Loratadine is used to treat sneezing, runny nose, watery eyes, hives, skin rash, itching, and other cold or allergy symptoms. Loratadine is also used to treat skin hives and itching in people with chronic skin reactions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Loratadine Syrup 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.
Bayer AG (Germany), Taro Pharmaceutical Industries Ltd. (United States), Teva Pharmaceutical (Israel), Merck & Co., Inc. (United States), Bayer AG (Germany), Sun Pharma (India), Pfizer (United States) and Mylan (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sandoz (Switzerland), Apotex (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Loratadine Syrup market by , Application (Runny nose & Sneezing, Itchy, watery eyes and Itching of the nose or throat) and Region.
On the basis of geography, the market of Loratadine Syrup 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 End User, the sub-segment i.e. Adults and Children 6 years of age and above will boost the Loratadine Syrup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Development in Loratadine Drugs
Market Growth Drivers:
Growing Burden of Allergies Around the World and Growing Adaptation of Loratadine and Active Pipelines
Challenges:
Stringent Regulatory Policies
Restraints:
Availability of Alternatives Form such as Tablet and Capsule
Opportunities:
Growing Adaptation of Loratadine and Active Pipelines and Rising R&D Initiatives to Test the Various Combinations of Loratadine in the Treatment of Diseases
In May 2021, Bayer Launched Children’s Loratadine Syrup In Time For UK Hay Fever Season. Bayer Consumer Health adds a children's loratadine-based syrup to its UK Clarityn hay fever brand.
Key Target Audience
Loratadine Syrup Manufacturers, Loratadine syrup Suppliers, Medical Research Laboratories, Research and Development (R&D) Companies, Market Research and Consulting Service Providers, Potential Investors 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.