Press release
Allergic Rhinitis Market Industry Improvement Status and Outlook by 2024
๐๐๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ@ https://www.persistencemarketresearch.com/samples/12154
๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ฌ:
โข Merck & Co.
โข Boehringer Ingelheim
โข AstraZeneca
โข GlaxoSmithKline PLC
โข Sanofi S.A.
โข Johnson & Johnson
โข Teva Pharmaceutical Industries Ltd.
โข Alcon (Novartis AG)
โข Others
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง -https://www.persistencemarketresearch.com/request-customization/12154
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.
ยทMerck & Co. and Johnson & Johnson are concentrating on new product development, such as nasal sprays.
ยทBoehringer Ingelheim will continue to contribute a major share to the market through an increased focus on R&D and a strong distribution network.
ยทSanofi S.A. is also focusing more on increasing R&D investments directed to expanded sales.
ยทIn addition to growing R&D efforts, AstraZeneca is also emphasizing on innovation of technologically advanced products and acquisition of selective regional players.
ยทGlaxoSmithKline PLC and Alcon (Novartis AG) are prioritising cost-effective product development for long-term profits; Alcon specifically aims to tap into emerging markets.
๐๐ฒ ๐๐ข๐ฌ๐๐๐ฌ๐ ๐ญ๐ฒ๐ฉ๐, 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.
๐๐ฒ ๐ญ๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐ญ๐ฒ๐ฉ๐,, 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.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐จ๐ฎ๐ญ๐ ๐จ๐ ๐๐๐ฆ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง,, 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.
๐๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ,, 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.
๐ ๐จ๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ,๐๐ฎ๐ฒ ๐๐จ๐ฐ - https://www.persistencemarketresearch.com/checkout/12154
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ.
โข What will the Market growth rate in Future?
โข What are the key factors driving the global Market?
โข Who are the key manufacturers in Market space?
โข What are the opportunities and threats faced by the vendors in the global industry?
โข What are sales, revenue, and price analysis by regions of industry?
๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
๐๐จ๐ง๐ญ๐๐๐ญ
Rajendra Singh
Persistence Market Research
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