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.
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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)
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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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