Antihistamines Market was valued at USD 49 billion in 2022 and is projected to reach USD 71 billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The global antihistamines market was valued at approximately USD 33.2 billion in 2022, and it is projected to reach USD 43.5 billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. This growth can be attributed to the increasing prevalence of allergic conditions, including seasonal allergies and chronic allergic rhinitis, which have led to a higher demand for effective antihistamine treatments. The market is driven by factors such as the rising awareness of allergy management and advancements in drug formulations, which offer improved efficacy and reduced side effects. Additionally, the growing availability of over-the-counter antihistamines is contributing to the market expansion.
Emerging markets present significant opportunities for growth in the antihistamines sector. In regions such as Asia-Pacific and Latin America, the rising economic development and increasing healthcare infrastructure are facilitating greater access to allergy treatments. The expanding middle-class population in these regions is driving demand for both prescription and over-the-counter antihistamines. Moreover, the prevalence of allergic conditions is on the rise in these emerging markets due to changing environmental factors and lifestyle changes, further boosting market potential. Companies are focusing on these regions to tap into the burgeoning market and cater to the unmet medical needs of a growing population.
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Merck
Viatris
Organon
Sun Pharmaceutical Industries
Cardinal Health
Fresenius Kabi
Hikma Pharmaceutical
Meda Pharmaceuticals
Armas Pharmaceuticals
Strides Pharma
Aurobindo Pharma
Perrigo Pharmaceuticals
Micro Labs USA
Sciegen Pharmaceutical
Zydus Pharmaceuticals
Alcon Laboratories
Breckenridge Pharmaceutical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Antihistamines Market
Hospital
Clinics
Pharmacy
Others
Based on Types the Market is categorized into Below types that held the largest Antihistamines market share In 2023.
10 mg
20 mg
30 mg
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Antihistamines Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Antihistamines Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Antihistamines Market, By Type
6. Global Antihistamines Market, By Application
7. Global Antihistamines Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Antihistamines Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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