The global perennial allergic rhinitis drug market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Perennial allergic rhinitis is a chronic allergic condition. It causes nasal congestion and a runny nose. Additionally, it doesn’t lessen during certain seasons or months of the year. The major factor accelerating the growth of the market is the rising prevalence of perennial allergic rhinitis.
Moreover, the market is also growing due to new product launches. For instance, in January 2021, JB Chemicals and Pharmaceuticals announced that it has received the approval for abbreviated new drug application (ANDA) for Loratadine tablets USP 10 mg from the US FDA in the US market. The drug is used to treat allergic rhinitis caused by pollen and upper respiratory tract allergy. Additionally, in June 2021, Bayer Healthcare LLC announced that it has received the approval of Astepro (azelastine hydrochloride nasal spray, 0.15%) from the US FDA. It is used for the treatment of seasonal and perennial allergic rhinitis for adults and children six years of age and older.
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Some key players in the market include Merck & Co., Inc., Boehringer Ingelheim GmbH, and Sanofi S.A., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Glenmark Pharmaceuticals Ltd. announced that its fully owned Swiss subsidiary Glenmark Specialty S.A. received approval for Ryaltris, a nasal spray fixed dose prescription drug from the US Food and Drug Administration’s (FDA). It is used for the treatment of seasonal allergic rhinitis.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Merck & Co., Inc., Boehringer Ingelheim GmbH, and Sanofi S.A., among others.
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Global Perennial Allergic Rhinitis Drug Market Report by Segment
By Type
- APC-3000
- Asapiprant
- Bilastine
- Desloratadine
- Others
By Application
- Clinic
- Hospital
- Others
Global Perennial Allergic Rhinitis Drug Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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