Cetirizine Hydrochloride Market Expected to Reach $8,882.5 Million by 2031: Johnson & Johnson Services, Inc., GSK plc, UCB S.A., Teva Pharmaceutical Industries Ltd., Pfizer Inc

Cetirizine Hydrochloride Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Cetirizine Hydrochloride market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Cetirizine Hydrochloride market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Cetirizine Hydrochloride Market reached US$ 6,797.9 million in 2023 and is expected to reach US$ 8,882.5 million by 2031 growing with a CAGR of 3.4% during the forecast period 2024-2031.

What is Cetirizine Hydrochloride Market?

Cetirizine Hydrochloride is a second-generation antihistamine used to relieve allergy symptoms such as runny nose, sneezing, itchy or watery eyes, and itching of the throat or nose. It is commonly prescribed for allergic rhinitis (hay fever) and urticaria (hives). Cetirizine works by blocking the action of histamine, a substance in the body that causes allergic symptoms. Unlike first-generation antihistamines, cetirizine is less likely to cause drowsiness, making it suitable for daily use. It is available in various forms, including tablets, liquid, and chewable tablets, and can be purchased over-the-counter in many countries.

Growth Driver

Rising Prevalence of Allergic Diseases

The global cetirizine hydrochloride market is experiencing increased demand due to several factors, with the growing prevalence of allergic diseases being a primary driver. The rise in conditions such as allergic rhinitis, eczema, and allergic conjunctivitis significantly contributes to the demand for cetirizine, as it is widely used to alleviate the symptoms associated with these allergic reactions

Key Players:

Profiles of some of the major players in the global Cetirizine Hydrochloride market, which include:

Johnson & Johnson Services, Inc., GSK plc, UCB S.A., Teva Pharmaceutical Industries Ltd., Pfizer Inc., Major Pharmaceuticals, Cipla, Dr. Reddys Laboratories Ltd., AdvaCare Pharma, and Aden Healthcare

Industry Development:

In April 2023, Nicox SA announced that its exclusive partner in China, Ocumension Therapeutics, has submitted a New Drug Application (NDA) seeking approval for the commercialization of Zerviate (cetirizine ophthalmic solution) at a concentration of 0.24%. This application aims to address ocular itching associated with allergic conjunctivitis.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Cetirizine Hydrochloride market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Application: Allergic Rhinitis, Allergic Conjunctivitis, Chronic Urticaria, Eczema, Others

By Dosage Form: Tablet, Syrups, Solution

By Distribution Channels: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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