Allergic Rhinitis Treatment Market

The global allergic rhinitis treatment market is estimated to be valued at USD 16.10 Bn in 2024 and is expected to exhibit a CAGR of 4.9% during the forecast period (2024-2031). Allergic rhinitis, commonly known as hay fever, is a condition where the body exhibits an inflammatory response to one or more airborne allergens like pollen or dust. It causes symptoms like sneezing, runny nose, nasal congestion and itchy eyes. The global prevalence of allergic rhinitis has been steadily increasing in recent years due to factors like increasing environmental pollution and changes in lifestyle. According to some estimates, about 10-30% of the global population currently suffers from allergic rhinitis, making it a major health concern. With growing awareness and better diagnosis, the market for drugs to treat allergic rhinitis has also expanded significantly.

Market Dynamics:

The global allergic rhinitis treatment market is driven by the rising prevalence of allergic rhinitis cases globally. The market has also witnessed robust growth due to the increasing environmental pollution levels and changing climate patterns which have led to the proliferation of airborne allergens like pollen. Advancements in diagnosis and treatment options along with higher investments in allergy research by pharmaceutical companies are translating into new product launches and boosting the market growth. However, patent expiries of blockbuster drug brands coupled with the availability of generic alternatives are expected to hamper the growth of innovator drug makers to some extent. Nevertheless, emerging economies like India and China with their huge population base suffering from allergies present lucrative opportunities for market players in the coming years.

Key Features of the Study:

• This report provides an in-depth analysis of the global allergic rhinitis treatment market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global allergic rhinitis treatment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this includes Merck & Co., Inc., Boehringer Ingelheim International GmbH, AstraZeneca, GSK plc., Johnson & Johnson Services, Inc., Teva Pharmaceutical Industries Ltd., Novartis AG, Mylan N.V., Aytu BioPharma, Inc., Regeneron Pharmaceuticals Inc., Revolo Biotherapeutics, Dr. Reddy’s Laboratories Ltd, Glenmark Pharmaceuticals Ltd, Bayer AG, Alembic Pharmaceuticals Limited, Sanofi, Hikma Pharmaceuticals PLC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global allergic rhinitis treatment market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global allergic rhinitis treatment market.

Detailed Segmentation-

• By Treatment Type:
  • Immunotherapy 
    • Sub-cutaneous Immunotherapy (SCIT)
    • Sub-lingual Immunotherapy (SLIT)
  • Anti-histamines
  • Decongestants
  • Leukotriene Receptor Antagonists
  • Corticosteroids
  • Others
• By Route of Administration:
  • Oral
  • Nasal
  • Intraocular
  • Others
• By Distribution Channel:
  • Hospital Pharmacies
  • Retail Pharmacies
  • E-commerce
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Company Profiles:

• Merck & Co., Inc.
• Boehringer Ingelheim International GmbH
• AstraZeneca
• GSK plc.
• Johnson & Johnson Services, Inc.
• Teva Pharmaceutical Industries Ltd.
• Novartis AG
• Mylan N.V.
• Aytu BioPharma, Inc.
• Regeneron Pharmaceuticals Inc.
• Revolo Biotherapeutics
• Reddy’s Laboratories Ltd
• Glenmark Pharmaceuticals Ltd
• Bayer AG
• Alembic Pharmaceuticals Limited
• Sanofi
• Hikma Pharmaceuticals PLC