Growing Drug Pipeline For The Treatment Of Allergy Rhinitis Is Expected To Contribute Substantially To The Market Growth

Allergic Rhinitis or hay fever is an IgE-mediated disorder caused by allergens such as mold or tress, animal, dander, house dust mites, weed pollens, and grass. It can occur in two different forms namely, seasonal and perennial, which in turn causes mild or moderate to severe inflammation inside the nose. Some of the major symptoms of allergic rhinitis include nasal congestion, rhinorrhea, sneezing, nasal itching, and itchy eyes, or it can be associated with asthma as well. Allergic rhinitis and sinusitis are linked to each other, as allergic rhinitis blocks the nose, which in turn blocks the sinuses. In 2015, according to World Allergy Organization, over 400 million people suffered from allergic rhinitis worldwide. Moreover, in the U.S., 10-30% adults and around 40% children were affected by allergic rhinitis.

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Allergic Rhinitis Market Dynamics:

Increasing prevalence of allergy rhinitis is a major factor propelling growth of the allergic rhinitis drugs market in the near future. For instance, in 2012, according to American Academy of Allergy, Asthma, and Immunology, around 17.6 million adults and 6.6 million children were diagnosed with hay fever in the U.S. Moreover, according to International Study on Asthma and Allergies in Childhood (ISAAC), in 2015, prevalence of allergic rhinitis symptoms varied between 0.8 % and 14.9 % in children, aged 6 to 7 years and 1.4 % and 39.7 % in 13 to 14 years old worldwide.

Growing drug pipeline for the treatment of allergy rhinitis is expected to contribute substantially to the market growth. For instance, GenMont Biotech is developing eN-Lac for the treatment of allergy rhinitis. The drug is in phase III and is expected to be introduced in the market during the forecast period.

Allergic Rhinitis Market-Key Players Operating Global Market
GlaxoSmithKline plc, Adamis Pharmaceuticals, ALK-Abello, Dr Reddy's Laboratories, Allergy Therapeutics, Lupin Pharmaceuticals, Array BioPharma, Hanmi Pharmaceuticals, Mylan NV, and Sun Pharmaceuticals.

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Allergic Rhinitis Drugs Market Taxonomy:

By Drug Class:

Antihistamines
Intranasal Corticosteroids
Immunotherapies

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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