Phenylephrine Hydrochloride Market Size

Phenylephrine Hydrochloride Market size was USD 905.3 million in 2024 and is estimated to reach USD 2.4 billion by the end of 2037, expanding at a CAGR of 7.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of phenylephrine hydrochloride is evaluated at USD 976.8 million.  

The phenylephrine hydrochloride market is expanding due to the growing prevalence of seasonal allergies such as nasal congestion, sinusitis, common cold, and allergies. According to the National Institutes of Health (NIIH), one of the most prevalent chronic illnesses in the world, chronic rhinosinusitis (CRS) affects people of all ages. The estimated incidence rates in the USA, Europe, and China are 12.3%, 10.9%, and 13%, respectively. A basic component of the pharmaceutical business, phenylephrine HCL is an essential constituent in many prescription and over-the-counter drugs used to treat nasal congestion. Additionally, the phenylephrine hydrochloride market gains from phenylephrine HCL's versatility in various forms, such as liquids, oral pills, and nasal sprays.