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Antihistamine Drugs Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

11-01-2023 06:57 AM CET | Health & Medicine

Press release from: Orion Market Research

Antihistamine Drugs Market is Anticipated to Increase at

Antihistamine drugs market is anticipated to grow at a CAGR of 8.7% during the forecast period. The rising prevalence of allergies across the globe is a major factor driving the growth of the antihistamine drug market. The rising healthcare expenditure due to increasing disposable income levels and initiatives by public and private organizations towards spreading awareness related to the treatment of various allergic reactions will further expand the antihistamine drugs market during the forecast period. Antihistamines drugs work well to relieve symptoms of different types of allergies, including seasonal (hay fever), perennial allergic rhinitis, and indoor and food allergies. The drug is also found its effective applications in the treatment of a variety of other conditions such as stomach problems, colds, anxiety, and more.

The antihistamine drugs market growth is also backed by the increased approvals of the antihistamine drugs developed by the major pharma companies operating in the market. For instance, in January 2021, JB Chemicals and Pharmaceuticals Ltd., announced that the US FDA had approved an abbreviated new drug application (ANDA) for Loratadine tablets USP 10 mg. The medication is used to treat pollen-induced allergic rhinitis and upper respiratory tract allergies. Moreover, in June 2021, nasal antihistamine drugs for nonprescription use got approval from the US FDA to treat seasonal and perennial allergic rhinitis, also known as allergies.

The increase in the number of R&D activities and the introduction of novel drug therapies for the treatment of allergy diseases is expected to bring enormous growth opportunities to the market and will further aid in market expansion. However, the expiration of patented drugs and the introduction of a generic version of drugs are the restraints that may project to affect the market growth.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/antihistamine-drugs-market

Antihistamine Drugs Market- Segmentation

By Type

H-1 Receptor Antagonist
H-2 Receptor Antagonists
By Application

Flu and Cold
Allergy
Dermatitis
Urticaria
Others
By End-User

Homecare
Hospitals and Clinics
Others (ACS)
A full report of Antihistamine Drugs Market is available at: https://www.omrglobal.com/industry-reports/antihistamine-drugs-market

Antihistamine Drugs Market- Segment by Region

North America

United States
Canada
Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
Company Profiles

Akorn, Inc.
Almirall S.A.
AstraZeneca PLC
Bayer AG
Boehringer Ingelheim International GmbH.
Bristol-Myers Squibb Co.
Cadila Pharmaceuticals, Ltd.
Hoffmann-La Roche, Ltd.
GlaxoSmithKline PLC
Johnson & Johnson Services, Ltd.
Meda Consumer Healthcare, Inc.
Merck & Co.
Mylan N.V.
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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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