Allergic Rhinitis Market Analysis

  • Report ID: 6711
  • Published Date: Nov 19, 2024
  • Report Format: PDF, PPT

Allergic Rhinitis Market Analysis

Route of Administration (Nasal & Others, Oral)

By 2037, nasal & others segment is expected to dominate over 55.3% allergic rhinitis market share. The growth is fostered by direct, local drug delivery, thus imparting a fast onset of action and greater efficacy in symptom control. For instance, in September 2022, Hikma Pharmaceuticals PLC and Glenmark Pharmaceuticals Ltd. collaboratively produced a nasal spray, Ryaltris. This is approved by the FDA and is effective for children aged between 12 years and over and acts within 15 minutes of the nasal problems. Ease of use, convenience, and relatively low-cost add to the dominance of the nasal route. Moreover, patient preference for self-administration through nasal sprays further propels higher adoption in the market.

Type (Seasonal Allergic Rhinitis, Perennial Allergic Rhinitis, Occupational Allergic Rhinitis)

The seasonal allergic rhinitis segment gains a significant proportion of the allergic rhinitis market due to the immense prevalence of pollen-related allergies, mostly during certain seasons, including spring and fall. Being seasonal, the disease causes episodic attacks resulting in a relatively frequent visit by the patients to their treating physicians, therefore supporting continuous demand in the market. For instance, in February 2024, Novartis announced that the US FDA has approved Xolair (omalizumab) for reducing allergic reactions, including anaphylaxis with IgE-mediated food allergy. Over-the-counter and prescription drugs differentiated strictly based on seasonal symptoms enhance the dominance of the segment.

Our in-depth analysis of the allergic rhinitis market includes the following segments:

Route of Administration

  • Nasal & Others
  • Oral

Treatment

  • Antihistamines
  • Corticosteroids
  • Immunotherapy
  • Decongestants and Others

Type

  • Seasonal Allergic Rhinitis
  • Perennial Allergic Rhinitis
  • Occupational Allergic Rhinitis
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6711
  • Published Date: Nov 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the allergic rhinitis market was estimated at over USD 15.4 billion.

The market size of the allergic rhinitis market is projected to cross USD 23.5 billion by the end of 2037 expanding at a CAGR of 3.6% during the forecast period i.e., between 2025-2037.

The major players in the market are Bayer AG, Sanofi, Merck & Co., Novartis AG, AstraZeneca, Johnson & Johnson Services, and others.

Based on the route of administration, the nasal & others segment is anticipated to garner the largest market share of 55.3% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 45.5% by the end of 2037 and provide more business opportunities in the future.
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