What is Levocetirizine Drug Market?
Levocetirizine is an over-the-counter antihistamine used to relieve allergy symptoms such as watery eyes, itching eyes/nose, runny nose, and sneezing. This drug helps to reduce the effects of the natural chemical histamine in the body that produce symptoms such as runny nose or hives. Levocetirizine is used for the treatment of year-round allergies in children who are at least 6 months old, itching and swelling caused by chronic urticaria (hives) in adults and children who are at least 6 months old.
The market study is being classified by Type (Tablets and Oral Solution), by Application (Allergic Rhinitis, Chronic Hives (Urticaria), Renal impairment and Hepatic impairment) and major geographies with country level break-up.
Sanofi S.A. (France), Teva Pharmaceutical Industries Ltd. (Israel), Medline Industries, Inc. (United States), Sun Pharmaceutical Industries Ltd. (India), Synthon (Netherlands), Perrigo Company plc (Ireland), Glenmark Pharmaceuticals Limited (India), Dr. Reddy's Laboratories (India), Hetero Drugs Limited (India), Micro Labs Limited (India), Taro Pharmaceutical Industries (Israel) and Apotex Inc. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Lannett Co Inc (United States) and Maps Laboratories PVT. LTD. (India).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Indian Players will contribute to the maximum growth of Global Levocetirizine Drug market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Levocetirizine Drug market by Type, Application and Region.
On the basis of geography, the market of Levocetirizine Drug 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Prevalence of Allergic Diseases is Projected to Fuel the Need for Effective Drugs
- Development of New Diagnostic Centre and Hospitals
- Increasing Number Online Pharmacies
Market Trend
- High Demand for Effective Drugs for Various Allergic Diseases
Restraints
- Availability of Substitute Products
- Side Effects Associated with Overdose of Levocetirizine or Interaction with Other Drugs
Opportunities
- Increasing Awareness about Allergy Treatments
- Rise in the Research and Development Fundings
- Increase in the Healthcare Expenditure
Challenges
- Stringent Government Rules and Regulations
- Patent Expirations of Levocetirizine Drug
Key Target Audience
Levocetirizine Drug Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users