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Cetirizine Hydrochloride Market to exhibit a robust CAGR of 3.2% over the forecast period (2018 – 2026)
Summary:
Cetirizine hydrochloride belongs to the antihistamine drug class, which reduces the natural chemical, histamine in the body. Histamine induces symptoms such as sneezing, watery eyes, and runny nose. Cetirizine hydrochloride is used for treating cold, allergy symptoms, itching and swelling caused by hives. It is available on prescription, however, it is also available over-the-counter in pharmacies and supermarkets.
The global Cetirizine Hydrochloride Market size was valued at US$ 1,100 million in 2017.
Figure 1. Global Cetirizine Hydrochloride Market Value (US$ Mn), by Region, 2017
Market Drivers:
High prevalence of allergic conditions such as allergic rhinitis, also known as hay fever is expected to propel growth of the Cetirizine Hydrochloride Market. According to the International Study of Asthma and Allergies in Childhood (ISAAC), 2016, the prevalence of pollen allergy or hay fever in children between the age group is 12-14 was 22.1% worldwide, registering the highest rate of 33.3% in North America.
Moreover, the cetirizine hydrochloride market in North America is expected to witness significant growth, owing to the increasing economic burden caused due to allergic diseases on the affected population. According to the American College of Allergy, Asthma and Immunology, 2018, allergies are the sixth leading cause of chronic illness in the U.S., with over 50 million people suffering from allergies annually, which account for an expenditure of US$ 18 billion.
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Figure 2. Global Cetirizine Hydrochloride Market Share (%), by Dosage Form, 2018 and 2026
Increased risks of developing allergic eye conditions with the onset of allergic rhinitis or hay fever is also a major factor driving the market growth. For instance, according to the survey conducted by Virtual Medical Center, around 97% of children diagnosed with allergic rhinitis or hay fever also have allergic eye symptoms.
According to the Nutrition and Health Department, 2015, atopic dermatitis (AD), also known as atopic eczema, is a common chronic inflammatory skin disease affecting 15-20% of children and 1-3% of adults worldwide. Thus, the increasing prevalence of allergic conjunctivitis and eczema is a major factor driving the market growth.
Market Restraints:
The drug can induce severe to moderate side effects, which include insomnia, hyperactivity, uneven heartbeat, nausea, constipation, and headache, thereby limiting the adoption of the drug and hindering the market growth.
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Market Development
Key players in the market are focused on new product launch to enhance the market share. For instance, in 2014, McNeil Consumer Healthcare—a Johnson and Johnson Company— launched a convenient oral, dissolvable tablet to the Zyrtec portfolio of allergy-relief products. The tablets will be available for adults and children across major retailers and pharmacies.
Major players operating in the global Cetirizine Hydrochloride Market include, 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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Cetirizine Hydrochloride Market is expected to exhibit a robust CAGR of 3.2%
The global cetirizine hydrochloride market size was valued at US$ 1,100 million in 2017, and is expected to exhibit a robust CAGR of 3.2% over the forecast period (2018 – 2026).
The global cetirizine hydrochloride market is expected to be driven by increasing incidence of allergic conditions including allergic rhinitis, allergic conjunctivitis, and eczema.
High prevalence of allergic conditions such as allergic rhinitis, also known as hay fever is expected to propel growth of the cetirizine hydrochloride market. According to the American Academy of Allergy Asthma and Immunology, 2015, allergic rhinitis affects around 10% to 30 % of the population worldwide. Moreover, according to the International Study of Asthma and Allergies in Childhood (ISAAC), 2016, the prevalence of pollen allergy or hay fever in children between the age group is 12-14 was 22.1% worldwide, registering the highest rate of 33.3% in North America.
North America holds a dominant position in the global cetirizine hydrochloride market, owing to the high prevalence of hay fever and allergic conjunctivitis in the U.S. According to the American Academy of Allergy Asthma and Immunology, around 7.8% of population in the age group above 18 in the U.S. suffer from hay fever. The National Health Interview survey, 2016, further stated that around 6.5% or 16.0 million adults and 7.5% or 5.5 million children under age 18 were diagnosed with hay fever in 2015.
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Moreover, the cetirizine hydrochloride market in North America is expected to witness significant growth, owing to the increasing economic burden caused due to allergic diseases on the affected population. According to the American College of Allergy, Asthma and Immunology, 2018, allergies are the sixth leading cause of chronic illness in the U.S., with over 50 million people suffering from allergies annually, which account for an expenditure of US$ 18 billion.
However, the drug can induce severe to moderate side effects, which include insomnia, hyperactivity, uneven heartbeat, nausea, constipation, and headache, thereby limiting the adoption of the drug and hindering the market growth.
Increased risks of developing allergic eye conditions with the onset of allergic rhinitis or hay fever is also a major factor driving the market growth. For instance, according to the survey conducted by Virtual Medical Center, around 97% of children diagnosed with allergic rhinitis or hay fever also have allergic eye symptoms. Moreover, the survey stated that around 56% children with asthma experience allergic eye symptoms, whereas 33% of children with eczema have allergic eye symptoms. The signs and symptoms include eye redness, excessive watering, itchy burning eyes, discharge, blurred vision and increased sensitivity to light. Furthermore, according to the study published in Clinical Review and Education Journal, 2013, around 40% of population worldwide suffered from allergic conjunctivitis.
According to the Nutrition and Health Department, 2015, atopic dermatitis (AD), also known as atopic eczema, is a common chronic inflammatory skin disease affecting 15-20% of children and 1-3% of adults worldwide. Thus, the increasing prevalence of allergic conjunctivitis and eczema is a major factor driving the market growth.
Key players in the market are focused on new product launch to enhance the market share. For instance, in 2014, McNeil Consumer Healthcare—a Johnson and Johnson Company— launched a convenient oral, dissolvable tablet to the Zyrtec portfolio of allergy-relief products. The tablets will be available for adults and children across major retailers and pharmacies.
Increasing prevalence of allergic conditions in children and adult population is major factor driving growth of the cetirizine hydrochloride market. According to the National Health Interview Survey (NHIS), 2014, around 8.4% of children under the age of 18 suffered from hay fever, 10% from respiratory allergies, 5.4% from food allergies, and 11.6% from skin allergies in the U.S. Furthermore, allergic conjunctivitis imposes economic and social burden on the affected population, thereby increasing the adoption of efficient treatment to curb the increasing healthcare costs. According to the Department of Ophthalmology and Visual Sciences, University of Wisconsin, 2013, an estimated 6 million people are affected by bacterial conjunctivitis, annually in the U.S. The total expenditure in treatment of the disease was reported around US $377 million to US$ 857 million, annually.
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Cetirizine Hydrochloride Market Global Opportunity Analysis and Industry Forecast, 2018-2023
Market Research Globe proficient analyst approximates the Global Cetirizine Hydrochloride Market to thrive at a significant CAGR throughout the forecast period 2018 to 2025.
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The report ‘Global Cetirizine Hydrochloride Market Professional Survey Report 2018’ focuses on fundamental know-how of Cetirizine Hydrochloride segment. The report provides comprehensive study and vivid description of drivers, limitations, openings, request factors, market size, conjectures, and patterns in the Worldwide Heading market over the time of 2018 to 2025. Besides, the report is aggregate introduction of essential and optional research discoveries.
Cetirizine Hydrochloride (trade names Zirtec, Zyrtec, Reactine) is a second-generation antihistamine used in the treatment of hay fever, allergies, angioedema, and urticaria. It is a major metabolite of hydroxyzine, and a racemic selective H1 receptor antagonist.Second-generation antihistamines like cetirizine are less able to cross the bloodbrain barrier and therefore have diminished effects on the central nervous system compared to first-generation drugs: for instance they are less likely to induce drowsiness or to interfere with memory formation.
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This report elaborates:
Depending on the Product, the research report can be bifurcated into three types,
· Tablet
· Capsule
· Solution
Depending on the Application, the research report can be segmented into three types,
· Hospital
· Clinic
· Drug Store
On the basis of geography, the research report can be segmented into five types,
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· South America (Brazil, Argentina, Colombia)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The major market players operating in this market are as follows,
· UCB Pharma
· Pfizer
· J & J
· Mylan
· Teva
· HUAPONT Pharm
· Hunan Jiudian Pharm
· Sun Pharma
· Lunan Pharma
· Jubilant Life Sciences
· Amneal
· HAILISHENG
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Table of Contents – 1 Market Overview 1.1 Cetirizine Hydrochloride Introduction 1.2 Market Analysis by Type 1.2.1 Tablet 1.2.2 Capsule 1.2.3 Solution 1.3 Market Analysis by Applications 1.3.1 Hospital 1.3.2 Clinic 1.3.3 Drug Store 1.4 Market Analysis by Regions 1.4.1 North America (United States, Canada and Mexico) 1.4.1.1 United States Market Status and Outlook (2013-2023) 1.4.1.2 Canada Market Status and Outlook (2013-2023) 1.4.1.3 Mexico Market Status and Outlook (2013-2023) 1.4.2 Europe (Germany, France, UK, Russia and Italy) 1.4.2.1 Germany Market Status and Outlook (2013-2023) 1.4.2.2 France Market Status and Outlook (2013-2023) 1.4.2.3 UK Market Status and Outlook (2013-2023) 1.4.2.4 Russia Market Status and Outlook (2013-2023) 1.4.2.5 Italy Market Status and Outlook (2013-2023) 1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) 1.4.3.1 China Market Status and Outlook (2013-2023) 1.4.3.2 Japan Market Status and Outlook (2013-2023) 1.4.3.3 Korea Market Status and Outlook (2013-2023) 1.4.3.4 India Market Status and Outlook (2013-2023) 1.4.3.5 Southeast Asia Market Status and Outlook (2013-2023) 1.4.4 South America, Middle East and Africa 1.4.4.1 Brazil Market Status and Outlook (2013-2023) 1.4.4.2 Egypt Market Status and Outlook (2013-2023) 1.4.4.3 Saudi Arabia Market Status and Outlook (2013-2023) 1.4.4.4 South Africa Market Status and Outlook (2013-2023) 1.4.4.5 Nigeria Market Status and Outlook (2013-2023) 1.5 Market Dynamics 1.5.1 Market Opportunities 1.5.2 Market Risk 1.5.3 Market Driving Force 2 Manufacturers Profiles 2.1 UCB Pharma 2.1.1 Business Overview 2.1.2 Cetirizine Hydrochloride Type and Applications 2.1.2.1 Type 1 2.1.2.2 Type 2 2.1.3 UCB Pharma Cetirizine Hydrochloride Sales, Price, Revenue, Gross Margin and Market Share (2016-2017) 2.2 Pfizer 2.2.1 Business Overview 2.2.2 Cetirizine Hydrochloride Type and Applications 2.2.2.1 Type 1 2.2.2.2 Type 2 2.2.3 Pfizer Cetirizine Hydrochloride Sales, Price, Revenue, Gross Margin and Market Share (2016-2017) 2.3 J & J …
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Global Zyrtec Industry Research Forecast Report 2017
Zyrtec Report by Material, Application, and Geographic Global Forecast to 2021 is a professional and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
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The report firstly introduced the Zyrtec basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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Asia-Pacific Cetirizine Hydrochloride Market Size Demand Will Increase by 2017 - 2022
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Report Overview:
"Cetirizine Hydrochloride (trade names Zirtec, Zyrtec, Reactine) is a second-generation antihistamine used in the treatment of hay fever, allergies, angioedema, and urticarial It is a major metabolite of hydroxyzine, and a racemic selective H1 receptor antagonist. Second-generation antihistamines like cetirizine are less able to cross the blood brain barrier and therefore have diminished effects on the central nervous system compared to first-generation drugs: for instance they are less likely to induce drowsiness or to interfere with memory formation."
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Scope of the Report: This report focuses on the Cetirizine Hydrochloride in Asia-Pacific market, especially in China, Japan, Korea, Taiwan, Southeast Asia, India and Australia. This report categorizes the market based on manufacturers, countries/Regions, type and application. Market Segment by Manufacturers, this report covers UCB Pharma HUAPONT Pharm Hunan Jiudian Pharm Sun Pharma Lunan Pharma Jubilant Life Sciences Amneal HAILISHENG Market Segment by Countries, covering China Japan Korea Taiwan Southeast Asia India
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Table of Contents
1 Market Overview 1.1 Cetirizine Hydrochloride Introduction 1.2 Market Analysis by Type 1.3 Market Analysis by Applications 1.4 Market Analysis by Countries
2 Manufacturers Profiles 2.1 UCB Pharma 2.2 Pfizer 2.3 J & J
3 Asia-Pacific Cetirizine Hydrochloride Market Competition, by Manufacturer 3.1 Asia-Pacific Cetirizine Hydrochloride Sales and Market Share by Manufacturer (2016-2017) 3.2 Asia-Pacific Cetirizine Hydrochloride Revenue and Market Share by Manufacturer (2016-2017) 3.3 Asia-Pacific Cetirizine Hydrochloride Price by Manufacturers (2016-2017) 4 Asia-Pacific Cetirizine Hydrochloride Market Analysis by Countries/Regions 4.1 Asia-Pacific Cetirizine Hydrochloride Sales Market Share by Countries/Regions 4.2 Asia-Pacific Cetirizine Hydrochloride Sales by Countries/Regions (2012-2017) 4.3 Asia-Pacific Cetirizine Hydrochloride Revenue (Value) by Countries (2012-2017)
….
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Global Zyrtec Market 2016 Forecasts, Outlook, Development, Growth, Overview and Demands
Qyresearchreports include new market research report Global Zyrtec Sales Market Report 2016 to its huge collection of research reports.
The market intelligence publication is a distinctive presentation of the different segments of the global Zyrtec market and the statistics related to the present and past trajectory of the market’s growth. The chief purpose of the market study is to provide its readers with a presentable report with relevant and useful information and data on the global Zyrtec market. The report further highlights the points such as the progress trail of the global market for Zyrtec in terms of future prospects, present scenario, and past progression. The report is a quintessential presentation which is a result of painstaking hard work of the researchers. The report gauges the scope of development of the market in the near future.
The report presents an outline of the factors that are likely to impact the growth of the global Zyrtec market, both in a constructive and destructive manner in the next couple of years. The researchers have researched on the factors painstakingly and all the sources have been cross checked meticulously. Both primary and secondary sources have been employed during the process of making this report. All the statistics have been justified in the report with further detailing. The competitive landscape of the global Zyrtec market has also been cleared by the analysts in the report to give a transparent and complete view of the market to the readers.
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Within the conjecture period, segments such as regions, products, application, and other different types have been explained and analyzed effortlessly. The top players in the market have also been emphasized on in the report with a gestalt of their shares, products, and strategies.
Table of Content
Global Zyrtec Sales Market Report 2016 1 Zyrtec Overview 1.1 Product Overview and Scope of Zyrtec 1.2 Classification of Zyrtec 1.2.1 Type I 1.2.2 Type II 1.2.3 Type III 1.3 Application of Zyrtec 1.3.1 Application 1 1.3.2 Application 2 1.3.3 Application 3 1.4 Zyrtec Market by Regions 1.4.1 United States Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of Zyrtec (2011-2021) 1.5.1 Global Zyrtec Sales and Growth Rate (2011-2021) 1.5.2 Global Zyrtec Revenue and Growth Rate (2011-2021)
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2 Global Zyrtec Competition by Manufacturers, Type and Application 2.1 Global Zyrtec Market Competition by Manufacturers 2.1.1 Global Zyrtec Sales and Market Share of Key Manufacturers (2011-2016) 2.1.2 Global Zyrtec Revenue and Share by Manufacturers (2011-2016) 2.2 Global Zyrtec (Volume and Value) by Type 2.2.1 Global Zyrtec Sales and Market Share by Type (2011-2016) 2.2.2 Global Zyrtec Revenue and Market Share by Type (2011-2016) 2.3 Global Zyrtec (Volume and Value) by Regions 2.3.1 Global Zyrtec Sales and Market Share by Regions (2011-2016) 2.3.2 Global Zyrtec Revenue and Market Share by Regions (2011-2016) 2.4 Global Zyrtec (Volume) by Application
3 United States Zyrtec (Volume, Value and Sales Price) 3.1 United States Zyrtec Sales and Value (2011-2016) 3.1.1 United States Zyrtec Sales and Growth Rate (2011-2016) 3.1.2 United States Zyrtec Revenue and Growth Rate (2011-2016) 3.1.3 United States Zyrtec Sales Price Trend (2011-2016) 3.2 United States Zyrtec Sales and Market Share by Manufacturers 3.3 United States Zyrtec Sales and Market Share by Type 3.4 United States Zyrtec Sales and Market Share by Application
4 China Zyrtec (Volume, Value and Sales Price) 4.1 China Zyrtec Sales and Value (2011-2016) 4.1.1 China Zyrtec Sales and Growth Rate (2011-2016) 4.1.2 China Zyrtec Revenue and Growth Rate (2011-2016) 4.1.3 China Zyrtec Sales Price Trend (2011-2016) 4.2 China Zyrtec Sales and Market Share by Manufacturers 4.3 China Zyrtec Sales and Market Share by Type 4.4 China Zyrtec Sales and Market Share by Application
5 Europe Zyrtec (Volume, Value and Sales Price) 5.1 Europe Zyrtec Sales and Value (2011-2016) 5.1.1 Europe Zyrtec Sales and Growth Rate (2011-2016) 5.1.2 Europe Zyrtec Revenue and Growth Rate (2011-2016) 5.1.3 Europe Zyrtec Sales Price Trend (2011-2016) 5.2 Europe Zyrtec Sales and Market Share by Manufacturers 5.3 Europe Zyrtec Sales and Market Share by Type 5.4 Europe Zyrtec Sales and Market Share by Application
6 Japan Zyrtec (Volume, Value and Sales Price) 6.1 Japan Zyrtec Sales and Value (2011-2016) 6.1.1 Japan Zyrtec Sales and Growth Rate (2011-2016) 6.1.2 Japan Zyrtec Revenue and Growth Rate (2011-2016) 6.1.3 Japan Zyrtec Sales Price Trend (2011-2016) 6.2 Japan Zyrtec Sales and Market Share by Manufacturers 6.3 Japan Zyrtec Sales and Market Share by Type 6.4 Japan Zyrtec Sales and Market Share by Application
8 Zyrtec Maufacturing Cost Analysis 8.1 Zyrtec Key Raw Materials Analysis 8.1.1 Key Raw Materials 8.1.2 Price Trend of Key Raw Materials 8.1.3 Key Suppliers of Raw Materials 8.1.4 Market Concentration Rate of Raw Materials 8.2 Proportion of Manufacturing Cost Structure 8.2.1 Raw Materials 8.2.2 Labor Cost 8.2.3 Manufacturing Process Analysis of Zyrtec
9 Industrial Chain, Sourcing Strategy and Downstream Buyers 9.1 Zyrtec Industrial Chain Analysis 9.2 Upstream Raw Materials Sourcing 9.3 Raw Materials Sources of Zyrtec Major Manufacturers in 2015 9.4 Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders 10.1 Marketing Channel 10.1.1 Direct Marketing 10.1.2 Indirect Marketing 10.1.3 Marketing Channel Development Trend 10.2 Market Positioning 10.2.1 Pricing Strategy 10.2.2 Brand Strategy 10.2.3 Target Client 10.3 Distributors/Traders List
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