Cetirizine Hydrochloride Market
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May 2021
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Cetirizine Hydrochloride Market Overview
The report is titled as ‘Cetirizine Hydrochloride Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the cetirizine hydrochloride market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Cetirizine hydrochloride market is expected to grow with significant rate in the near future.
The global cetirizine hydrochloride market is estimated to reach at a value of US$ 1,118.4 Mn by the end of 2020 and expected to reach at a value of US$ 1,404.8 Mn by 2028 with a significant CAGR of 2.9%
Cetirizine Hydrochloride Introduction
Cetirizine hydrochloride has a place with the antihistamine tranquilize class, which lessens the common concoction, histamine in the body. Histamine instigates manifestations, for example, wheezing, watery eyes, and runny nose. Cetirizine hydrochloride is utilized for treating chilly, sensitivity manifestations, tingling and swelling caused by hives. It is accessible on a solution, be that as it may, it is additionally accessible over-the-counter in drug stores and grocery stores.
Cetirizine Hydrochloride Market Dynamics
The high pervasiveness of unfavorably susceptible conditions, for example, hypersensitive rhinitis, otherwise called feed fever is relied upon to impel the development of the cetirizine hydrochloride market. As per the American Academy of Allergy Asthma and Immunology, 2015, unfavorably susceptible rhinitis influences around 10% to 30 % of the populace around the world. In addition, as indicated by the International Study of Asthma and Allergies in Childhood (ISAAC), 2016, the pervasiveness of dust hypersensitivity or roughage fever in kids between the age aggregate is 12-14 was 22.1% around the world, enrolling the most noteworthy rate of 33.3% in North America.
One of the major factors that is primarily propelling the growth of the global Cetirizine hydrochloride market is the rising incidence of allergic conditions such as allergic rhinitis among the juvenile and adult population over the forecast period. For instance, as per the American College of Allergy, Asthma and Immunology, back in the year 2018, allergies are the sixth leading cause of chronic illness in the US, with over 50 Million people suffering from allergies every year. In addition to that, the increasing technological developments and data-driven customization in order to fulfil consumer demand for accuracy and efficiency are other driving factors which are projected to further boost the growth of the global Cetirizine hydrochloride market in the near future.
However, this particular drug is likely to cause serious to moderate side effects, including unstable heartbeat, insomnia, nausea, hyperactivity, headache and constipation, which may act as a restraining factor for further growth of the global cetirizine hydrochloride market in the forthcoming years. Nevertheless, the growing investment by the leading manufacturers for research and development activities as well as increasing acquisitions and mergers for development of innovative products and technological advancements are some factors which may create further significant growth opportunities for the growth of the global Cetirizine hydrochloride market in the coming years.
Cetirizine Hydrochloride Market Segmentation
The global cetirizine hydrochloride market is segmented on the basis of dosage form, age group, application, and region. On the basis of the dosage form, the cetirizine hydrochloride market is segmented into tablets, syrup, solutions. The age group cetirizine hydrochloride market segment is divided into adult and pediatric. Whereas, on the basis of application, the cetirizine hydrochloride market is sub-divided into allergic rhinitis, allergic conjunctivitis, eczema, and others.
Cetirizine Hydrochloride Market Key Players
The global cetirizine hydrochloride market is dominated by Johnson and Johnson, Mylan, Inc., Nicox S.A., Strides Shasun, Apotex, Inc., Teva UK Limited, Aurobindo Pharma Limited, Jubilant Life Sciences, Tris Pharma, Inc., and Cipla Ltd.
Cetirizine Hydrochloride Market Regional Overview and Analysis
North America holds an overwhelming position in the worldwide cetirizine hydrochloride market, inferable from the high pervasiveness of feed fever and unfavorably susceptible conjunctivitis in the U.S. As indicated by the American Academy of Allergy Asthma and Immunology, around 7.8% of the populace in the age bunch over 18 in the U.S. experience the ill effects of roughage fever. The National Health Interview review, 2016, further expressed that around 6.5% or 16.0 million grown-ups and 7.5% or 5.5 million youngsters under age 18 were determined to have feed fever in 2015.
In addition, the cetirizine hydrochloride market in North America is required to observe huge development, attributable to the expanding monetary weight caused because of hypersensitive infections on the influenced populace. As indicated by the American College of Allergy, Asthma and Immunology, 2018, hypersensitivities are the 6th driving reason for ceaseless sickness in the U.S., with more than 50 million individuals experiencing sensitivities every year, which represent the consumption of US$ 18 billion.
In any case, the medication can actuate extreme to direct reactions, which incorporate sleep deprivation, hyperactivity, uneven heartbeat, queasiness, blockage, and migraine, accordingly restricting the selection of the medication and frustrating the market development.
MMC Overview on Cetirizine Hydrochloride Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Cetirizine Hydrochloride market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Cetirizine Hydrochloride
• Advantages of Cetirizine Hydrochloride
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Cetirizine Hydrochloride Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Cetirizine Hydrochloride Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Cetirizine Hydrochloride Market Snapshot
2.4. Global Cetirizine Hydrochloride Market Size and Forecast, 2020-2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020-2028)
2.5. Global Cetirizine Hydrochloride Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Cetirizine Hydrochloride Market, By Dosage Form
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Dosage Form
3.1.2. BPS Analysis, By Dosage Form
3.2. Market Revenue (US$Mn) Forecast, By Dosage Form
3.2.1. Tablet
3.2.2. Syrup
3.2.3. Solution
3.3. Global Cetirizine Hydrochloride Market Attractiveness Index, By Dosage Form
4. Global Cetirizine Hydrochloride Market, By Application
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Application
4.1.2. BPS Analysis, By Application
4.2. Market Revenue (US$Mn) Forecast, By Application
4.2.1. Allergic Rhinitis
4.2.2. Allergic Conjunctivitis
4.2.3. Eczema
4.2.4. Others
4.3. Global Cetirizine Hydrochloride Market Attractiveness Index, By Application
5. Global Cetirizine Hydrochloride Market, By Age Group
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Age Group
5.1.2. BPS Analysis, By Age Group
5.2. Market Revenue (US$Mn) Forecast, By Age Group
5.2.1. Adult
5.2.2. Pediatric
5.3. Global Cetirizine Hydrochloride Market Attractiveness Index, By Age Group
6. Global Cetirizine Hydrochloride Market, By Distribution Channel
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Distribution Channel
6.1.2. BPS Analysis, By Distribution Channel
6.2. Market Revenue (US$Mn) Forecast, By Distribution Channel
6.2.1. Hospital Pharmacies
6.2.2. Retail Pharmacies
6.2.3. Online Pharmacies
6.3. Global Cetirizine Hydrochloride Market Attractiveness Index, By Distribution Channel
7. Global Cetirizine Hydrochloride Market, By Region
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Region
7.1.2. BPS Analysis, By Region
7.2. Market Revenue (US$Mn) Forecast, By Region
7.2.1. North America
7.2.2. Latin America
7.2.3. Europe
7.2.4. Asia Pacific
7.2.5. Middle East
7.2.6. Africa
7.3. Global Cetirizine Hydrochloride Market Attractiveness Index, By Region
8. North America Cetirizine Hydrochloride Market Analysis and Forecast, 2020-2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market Revenue (US$Mn) Forecast, By Country
8.2.1. U.S. Cetirizine Hydrochloride Market
8.2.2. Canada Cetirizine Hydrochloride Market
8.3. North America Cetirizine Hydrochloride Market, By Dosage Form
8.3.1. Tablet
8.3.2. Syrup
8.3.3. Solution
8.4. North America Cetirizine Hydrochloride Market, By Application
8.4.1. Allergic Rhinitis
8.4.2. Allergic Conjunctivitis
8.4.3. Eczema
8.4.4. Others
8.5. North America Cetirizine Hydrochloride Market, By Age Group
8.5.1. Adult
8.5.2. Pediatric
8.6. North America Cetirizine Hydrochloride Market, By Distribution Channel
8.6.1. Hospital Pharmacies
8.6.2. Retail Pharmacies
8.6.3. Online Pharmacies
8.7. North America Cetirizine Hydrochloride Market Attractiveness Index
8.7.1. By Country
8.7.2. By Dosage Form
8.7.3. By Application
8.7.4. By Age Group
8.7.5. By Distribution Channel
9. Latin America Cetirizine Hydrochloride Market Analysis and Forecast, 2020-2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. Brazil Cetirizine Hydrochloride Market
9.2.2. Mexico Cetirizine Hydrochloride Market
9.2.3. Argentina Cetirizine Hydrochloride Market
9.2.4. Rest of Latin America Cetirizine Hydrochloride Market
9.3. Latin America Cetirizine Hydrochloride Market, By Dosage Form
9.3.1. Tablet
9.3.2. Syrup
9.3.3. Solution
9.4. Latin America Cetirizine Hydrochloride Market, By Application
9.4.1. Allergic Rhinitis
9.4.2. Allergic Conjunctivitis
9.4.3. Eczema
9.4.4. Others
9.5. Latin America Cetirizine Hydrochloride Market, By Age Group
9.5.1. Adult
9.5.2. Pediatric
9.6. Latin America Cetirizine Hydrochloride Market, By Distribution Channel
9.6.1. Hospital Pharmacies
9.6.2. Retail Pharmacies
9.6.3. Online Pharmacies
9.7. Latin America Cetirizine Hydrochloride Market Attractiveness Index
9.7.1. By Country
9.7.2. By Dosage Form
9.7.3. By Application
9.7.4. By Age Group
9.7.5. By Distribution Channel
10. Europe Cetirizine Hydrochloride Market Analysis and Forecast, 2020-2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. U.K. Cetirizine Hydrochloride Market
10.2.2. Germany Cetirizine Hydrochloride Market
10.2.3. Italy Cetirizine Hydrochloride Market
10.2.4. France Cetirizine Hydrochloride Market
10.2.5. Spain Cetirizine Hydrochloride Market
10.2.6. Russia Cetirizine Hydrochloride Market
10.2.7. Poland Cetirizine Hydrochloride Market
10.2.8. BENELUX Cetirizine Hydrochloride Market
10.2.9. NORDIC Cetirizine Hydrochloride Market
10.2.10. Rest of Europe Cetirizine Hydrochloride Market
10.3. Europe Cetirizine Hydrochloride Market, By Dosage Form
10.3.1. Tablet
10.3.2. Syrup
10.3.3. Solution
10.4. Europe Cetirizine Hydrochloride Market, By Application
10.4.1. Allergic Rhinitis
10.4.2. Allergic Conjunctivitis
10.4.3. Eczema
10.4.4. Others
10.5. Europe Cetirizine Hydrochloride Market, By Age Group
10.5.1. Adult
10.5.2. Pediatric
10.6. Europe Cetirizine Hydrochloride Market, By Distribution Channel
10.6.1. Hospital Pharmacies
10.6.2. Retail Pharmacies
10.6.3. Online Pharmacies
10.7. Europe Cetirizine Hydrochloride Market Attractiveness Index
10.7.1. By Country
10.7.2. By Dosage Form
10.7.3. By Application
10.7.4. By Age Group
10.7.5. By Distribution Channel
11. Asia Pacific Cetirizine Hydrochloride Market Analysis and Forecast, 2020-2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. China Cetirizine Hydrochloride Market
11.2.2. India Cetirizine Hydrochloride Market
11.2.3. Japan Cetirizine Hydrochloride Market
11.2.4. Australia and New Zealand Cetirizine Hydrochloride Market
11.2.5. South Korea Cetirizine Hydrochloride Market
11.2.6. ASEAN Cetirizine Hydrochloride Market
11.2.7. Rest of Asia Pacific Cetirizine Hydrochloride Market
11.3. Asia Pacific Cetirizine Hydrochloride Market, By Dosage Form
11.3.1. Tablet
11.3.2. Syrup
11.3.3. Solution
11.4. Asia Pacific Cetirizine Hydrochloride Market, By Application
11.4.1. Allergic Rhinitis
11.4.2. Allergic Conjunctivitis
11.4.3. Eczema
11.4.4. Others
11.5. Asia Pacific Cetirizine Hydrochloride Market, By Age Group
11.5.1. Adult
11.5.2. Pediatric
11.6. Asia Pacific Cetirizine Hydrochloride Market, By Distribution Channel
11.6.1. Hospital Pharmacies
11.6.2. Retail Pharmacies
11.6.3. Online Pharmacies
11.7. Asia Pacific Cetirizine Hydrochloride Market Attractiveness Index
11.7.1. By Country
11.7.2. By Dosage Form
11.7.3. By Application
11.7.4. By Age Group
11.7.5. By Distribution Channel
12. Middle East Cetirizine Hydrochloride Market, By Region
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. GCC Countries Cetirizine Hydrochloride Market
12.2.2. Israel Cetirizine Hydrochloride Market
12.2.3. Oman Cetirizine Hydrochloride Market
12.2.4. Rest of Middle East Cetirizine Hydrochloride Market
12.3. Middle East Cetirizine Hydrochloride Market, By Dosage Form
12.3.1. Tablet
12.3.2. Syrup
12.3.3. Solution
12.4. Middle East Cetirizine Hydrochloride Market, By Application
12.4.1. Allergic Rhinitis
12.4.2. Allergic Conjunctivitis
12.4.3. Eczema
12.4.4. Others
12.5. Middle East Cetirizine Hydrochloride Market, By Age Group
12.5.1. Adult
12.5.2. Pediatric
12.6. Middle East Cetirizine Hydrochloride Market, By Distribution Channel
12.6.1. Hospital Pharmacies
12.6.2. Retail Pharmacies
12.6.3. Online Pharmacies
12.7. Middle East Cetirizine Hydrochloride Market Attractiveness Index
12.7.1. By Country
12.7.2. By Dosage Form
12.7.3. By Application
12.7.4. By Age Group
12.7.5. By Distribution Channel
13. Africa Cetirizine Hydrochloride Market, By Region
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. South Africa Cetirizine Hydrochloride Market
13.2.2. Egypt Cetirizine Hydrochloride Market
13.2.3. North Africa Cetirizine Hydrochloride Market
13.2.4. Rest of Africa Cetirizine Hydrochloride Market
13.3. Africa Cetirizine Hydrochloride Market, By Dosage Form
13.3.1. Tablet
13.3.2. Syrup
13.3.3. Solution
13.4. Africa Cetirizine Hydrochloride Market, By Application
13.4.1. Allergic Rhinitis
13.4.2. Allergic Conjunctivitis
13.4.3. Eczema
13.4.4. Others
13.5. Africa Cetirizine Hydrochloride Market, By Age Group
13.5.1. Adult
13.5.2. Pediatric
13.6. Africa Cetirizine Hydrochloride Market, By Distribution Channel
13.6.1. Hospital Pharmacies
13.6.2. Retail Pharmacies
13.6.3. Online Pharmacies
13.7. Africa Cetirizine Hydrochloride Market Attractiveness Index
13.7.1. By Country
13.7.2. By Dosage Form
13.7.3. By Application
13.7.4. By Age Group
13.7.5. By Distribution Channel
14. Recommendation
14.1. Market Strategy
15. Competitive Landscape
15.1. Competition Dashboard
15.2. List and Company Overview of Global Key Players
15.3. Company Profiles
15.3.1. Johnson and Johnson
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Key Developments
15.3.1.5. Business Strategies
15.3.2. Mylan, Inc.
15.3.3. Nicox S.A.
15.3.4. Strides Shasun
15.3.5. Apotex, Inc.
15.3.6. Teva UK Limited
15.3.7. Aurobindo Pharma Limited
15.3.8. Jubilant Life Sciences
15.3.9. Tris Pharma, Inc.
15.3.10. Cipla Ltd.
16. Acronyms
Frequently Asked Question
What is the projected market size & Compound Annual Growth Rate (CAGR) of the cetirizine hydrochloride market?
The global cetirizine hydrochloride market is estimated to reach at a value of US$ 1,118.4 Mn by the end of 2022 and expected to reach at a value of US$ 1,404.8 Mn by 2030 with a significant CAGR of 2.9%
Which base year is used in the cetirizine hydrochloride market report?
The base year for the report is 2021 in cetirizine hydrochloride market.
What segments are covered in cetirizine hydrochloride market report?
The global cetirizine hydrochloride market is segmented on the basis of dosage form, age group, application, and region.
What are the key participating players in the cetirizine hydrochloride market?
The global cetirizine hydrochloride market is dominated by Johnson and Johnson, Mylan, Inc., Nicox S.A., Strides Shasun, Apotex, Inc., Teva UK Limited, Aurobindo Pharma Limited, Jubilant Life Sciences, Tris Pharma, Inc., and Cipla Ltd.
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