openPR Logo
Press release

The Allergic Rhinitis Market To Steal The Growth Show (US$ 7,000 Million) Through Innovation Between 2024

The Allergic Rhinitis Market To Steal The Growth Show (US$ 7,000

The Allergic Rhinitis Market will be worth US$ 7,000 Million at a CAGR of 7.5% between 2024. With seamless digital exploration on the anvil, greater patient volume is likely to be enclosed worldwide with no geographical barriers to hold back. Telehealth is there is added to the digital transformation wave, thereby revolutionizing the healthcare vertical.

“Technological advancements in the medical world and rising prevalence of foodborne diseases will primarily build the market for allergic rhinitis treatment globally. Secondarily, strategic partnerships and synergies between big brands, soaring usage of second-generation multiplex immunoassay, and augmenting R&D activities in life sciences and molecular diagnostics will support the market surge within the next few years.

Get Going With Sample Of Allergic Rhinitis Market Report! https://www.persistencemarketresearch.co/samples/12154

Over 2016-2020, the global AR treatment market will reach US$ 14 Bn, which will further take a leap to US$ 16.038 Bn by the end of 2024. Over 2016-2024, the market is likely to see impressive growth at a healthy CAGR of 7.5%.”

Company Profiles

Merck & Co.
Boehringer Ingelheim
AstraZeneca
GlaxoSmithKline PLC
Sanofi S.A.
Johnson & Johnson
Teva Pharmaceutical Industries Ltd.
Alcon (Novartis AG)

How About Re-Inventing The Methodical Wheel In The Allergic Rhinitis Market? Switch Over To The “Methodology” Tab! https://www.persistencemarketresearch.co/methodology/12154

– Market Research Expert, Life Sciences & Transformational Health, Persistence Market Research.

According to Persistence Market Research’s recent report titled “Global Allergic Rhinitis Treatment Market: Industry Analysis and Forecast, 2016–2024,” key market competitors have embraced different strategic moves in order to strengthen their positions in the global allergic rhinitis treatment marketplace. These activities, according to Persistence Market Research, will boost the overall status of the market in near future.

Merck & Co. and Johnson & Johnson are concentrating on new product development, such as nasal sprays.

Boehringer Ingelheim will continue to contribute a major share to the market through an increased focus on R&D and a strong distribution network.

Sanofi S.A. is also focusing more on increasing R&D investments directed to expanded sales.

In addition to growing R&D efforts, AstraZeneca is also emphasizing on innovation of technologically advanced products and acquisition of selective regional players.

GlaxoSmithKline PLC and Alcon (Novartis AG) are prioritising cost-effective product development for long-term profits; Alcon specifically aims to tap into emerging markets.

Acquisition of players from the same segment and different region will be a key strategy of Teva Pharmaceutical Industries Ltd., which targets production capacity expansion.

By disease type, perennial AR segment will remain dominant with around 47% market value share in 2024, gaining around 123 BPS throughout the forecast period. On the other hand, despite losing over 30 BPS over 2016-2024, occupational AR will continue to be the second largest segment with over 35% revenue share at the end of the assessment period. While the revenues of the former are expected to surpass US$ 7.0 Bn, the latter will possibly exceed a value of US$ 5.0 Bn by the end of 2024.

Keeping A Tab On Key Players In The Allergic Rhinitis Market? Go To “Purchase Now” To Decipher The Competitive Analysis In Our Allergic Rhinitis Market Report! https://www.persistencemarketresearch.com/checkout/12154

By treatment type, immunotherapy treatment segment is expected to be the fastest growing segment over the forecast owing to introduction of new immunotherapy based products, followed by antihistamines segment. However, antihistamines will continue to be the leading treatment type segment with over 50% share in 2024, followed by corticosteroids with over 31% share.

Based on route of administration, oral route of administration segment will cover nearly half of the market in terms of value, whereas nasal route of administration segment is anticipated to capture around 38% share of the total market value in 2024. Intravenous segment is foreseen to witness a higher CAGR compared to others, which can uplift the sales revenues of this segment to cross US$ 1.25 Bn in 2024.

On the basis of distribution channel, retail pharmacies will account for higher revenues than hospital pharmacies throughout the assessed period. Retail pharmacy revenues are likely to surpass US$ 7.0 Bn, growing at the fastest CAGR of 3.9% over 2016-2024. Whereas, hospital pharmacies will reach over US$ 5.0 Bn, accounting for around 31% share of the market value in 2024.

As per the geographical assessment of the global allergic rhinitis treatment market, North America will continue to capture the maximum revenue share over the 10-year tenure. With over 63% value share by 2024-end, this region is likely to surpass US$ 10.0 Bn in terms of revenues. European market will possibly attract the revenues worth US$ 3.68 Bn by 2024 end, contributing over 22% share of the market size. The third key region i.e. APAC is estimated to reach over US$ 1.27 Bn in 2024.

Access Related Reports-

Proton Therapy Systems Market: https://www.persistencemarketresearch.com/market-research/proton-therapy-systems-market.asp

Arbovirus Testing Market: https://www.persistencemarketresearch.com/market-research/arbovirus-testing-market.asp

Fibromyalgia Treatment Market: https://www.persistencemarketresearch.com/market-research/fibromyalgia-treatment-market.asp

Compression Therapy Devices Market: https://www.persistencemarketresearch.com/market-research/compression-therapy-devices-market-092017.asp

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

About Us :-

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Allergic Rhinitis Market To Steal The Growth Show (US$ 7,000 Million) Through Innovation Between 2024 here

News-ID: 2431910 • Views: 266

More Releases from Persistence Market Research

The Waffle Maker Market To Override The Shackles Of Monotony
Global sales of waffle makers are estimated to reach a valuation of US$ 363 Mn by the end of 2031, increasing at a CAGR of 5.6%, mostly driven by high demand for square Belgian waffle makers, which held 27.7% market share in 2020. Market players have been compelled to come up with innovative solutions as awareness of modern technology and equipment has grown; consumers, specifically the millennials, prefer innovative alternatives. This
The Toilet Seat Sanitizer Market To Be Coaxed By Innovation
Global sales of toilet seat sanitizers are estimated to reach US$ 1.27 Bn by the end of 2031, increasing at a CAGR of 6.9% from 2021 to 2031, mostly driven by high demand for spray sanitizers, which hold more than 50% market share. Market players expanding their product portfolios by manufacturing natural and herbal toilet seat sanitizers that are primarily focused on mitigating the adverse effects of synthetic disinfection products. Globally,
The Ammonia Market To Integrate Inquisition With Innovation
The global Ammonia Market is expected to stimulate at a good rate In Upcoming Years. Virtual consultations are amongst the ongoing trends. They mitigate the spreading of contagious ailments, thereby facilitating better efficiency. The gap regarding the demand-supply ratio could also be bridged this way. With this practice being followed, the developing economies would benefit better, as the cost to commute could be curtailed. Ammonia is a compound of nitrogen and
The Seaweed Cultivation Market To Stumble Upon Innovation
The global seaweed cultivation market is expected to register growth at a CAGR of over 8% through 2031, and top a valuation of US$ 41 Bn, as per estimates by Persistence Market Research. Increased utilization of seaweed as a natural thickening and gelling agent, which is beneficial for the production of cheese, creams, desserts, and other products, is driving its demand. Demand for healthy ingredients in the food & beverage industry

All 5 Releases


More Releases for Allergic

Global Allergic Rhinitis Drugs Market Data Survey Report 2025
Global Allergic Rhinitis Drugs Market 2019 alongside scientific information of driving variables of industry, contemporary market patterns, sections, applications, and types, and additionally district shrewd investigation is ingrained in the Global Allergic Rhinitis Drugs Market Report. Basically the report focuses over the propensity of the Allergic Rhinitis Drugs advertise and deciphers its job in the global economy. The Allergic Rhinitis Drugs advertise report comprises a fundamentals information in regards to
Allergic Rhinitis Drugs Market Report By CMI
Introduction of new drugs is expected to drive growth of the market Manufacturers are developing a variety of drugs and nasal sprays for the treatment of allergic rhinitis. This in turn, is expected to fuel growth of the allergic rhinitis drugs market in the near future. For instance, in March 2017, the U.S. Food and Drug Administration (FDA) approved Odactra drug, manufactured by Catalent Pharma Solutions Limited, the first allergen
Allergic Rhinitis Market 2018 by Seasonal, Perennial and Non Allergic Rhinitis T …
The Allergic Rhinitis Market is segmented into types, by treatment and by test. The types of the allergic rhinitis includes seasonal, perennial and non-allergic rhinitis. On the basis of the treatment the segmentation is done into antihistamines, decongestants, eye drops, nasal sprays, immunotherapy, sublingual immunotherapy (SLIT) and home remedies. The antihistamine segment is further sub-segmented into drugs like allegra, clarinex, xyzal and zyrtec. The decongestants segment is also sub-segmented into
Global Allergic Rhinitis Market Research Report - Pipeline Review, H2 2017
"The Latest Research Report Allergic Rhinitis-Pipeline Review, H2 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" About Allergic Rhinitis Market Global Markets Direct's latest Pharmaceutical and Healthcare disease pipeline guide Allergic Rhinitis-Pipeline Review, H2 2017, provides an overview of the Allergic Rhinitis (Respiratory) pipeline landscape. Allergic rhinitis is an allergic reaction that happens when immune system overreacts to substances that is inhaled.
Allergic Conjunctivitis - Pipeline Review, H2 2016
MarketResearchReports.Biz presents this most up-to-date research on "Allergic Conjunctivitis - Pipeline Review, H2 2016" Description Global Markets Direct's latest Pharmaceutical and Healthcare disease pipeline guide Allergic Conjunctivitis Pipeline Review, H2 2016, provides an overview of the Allergic Conjunctivitis (Ophthalmology) pipeline landscape. Allergic conjunctivitis occurs when the clear layer of tissue lining the eyelids and covering the white of the eye (conjunctiva) become swollen or inflamed due to a reaction to pollen, dander, mold,
Allergic Rhinitis Market driven by the increasing incidence of allergic rhinitis
This market research report on the global allergic rhinitis market provides a comprehensive overview of the structure and the dynamics of this market. Thus, the report throws light on the factors governing the market trends in the global allergic rhinitis market. This market research report discusses the demand drivers and the various challenges facing the industry. Historical and contemporary data as included in the research study provide a strong foundation