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Chlorpheniramine Maleate Market size is forecast to reach 897 million by 2025, growing at a CAGR of 4.56% during the forecast period 2020-2025. Chlorpheniramine is an antihistamine used to relieve symptoms of allergy, hay fever, and the common cold. Increasing incidence of allergic conditions and rise in number of people undergoing treatment are the major factors driving the growth of the market. Increase in pollution is set to further enhance the overall market demand of chlorpheniramine maleate during the forecast period 2020-2025.
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Product- Segment Analysis
The injection segment held the largest share in chlorpheniramine maleate market in 2019 and is estimated to grow at a CAGR of 4.98% during the forecast period 2020-2025. Chlorphenamine maleate is an antihistamine. Histamine is released into the body during an allergic reaction. It causes some of the main symptoms of hay fever and other allergies. Chlorphenamine injection is used to treat allergies. This medication works by blocking a certain natural substance (histamine) that your body makes during an allergic reaction. By blocking another natural substance made by your body (acetylcholine), it helps dry up some body fluids to relieve symptoms such as watery eyes and runny nose. Thus, increasing the growth of the chlorpheniramine maleate market.
Application – Segment Analysis
Rhinitis, also known as coryza, is irritation and inflammation of the mucous membrane inside the nose. The inflammation is caused by viruses, bacteria, irritants or allergens. The most common kind of rhinitis is allergic rhinitis, which is usually triggered by airborne allergens such as pollen and dander. Allergic rhinitis cause additional symptoms, such as sneezing and nasal itching, coughing, headache, fatigue, malaise, and cognitive impairment. The allergens also affect the eyes, causing watery, reddened, or itchy eyes and puffiness around the eyes. Hives, also known as urticaria, is a kind of skin rash with red, raised, itchy bumps and can burn or sting. Hives frequently occur following an infection or as a result of an allergic reaction such as to medication, insect bites, or food. Psychological stress, cold temperature, or vibration is set to trigger. In half of cases the cause remains unknown. Risk factors include having conditions such as hay fever or asthma. Thus, increasing the growth of the chlorpheniramine maleate market.
Geography – Segment Analysis
North America dominates the chlorpheniramine maleate market with a share of 34.7% globally. followed by Asia Pacific owing to the rise in the number of people seeking treatment and increasing incidences of allergic reactions.
However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increasing environmental pollution.
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Drivers – Chlorpheniramine Maleate Market
Increasing incidence of allergic conditions and rise in number of people undergoing treatment is boosting the growth of the chlorpheniramine maleate market. Chlorpheniramine is an antihistamine used to relieve symptoms of allergy, hay fever, and the common cold. These symptoms include rash, watery eyes, itchy skin, cough, runny nose and sneezing. This medication works by blocking a certain natural substance as histamine that your body makes during an allergic reaction. By blocking another natural substance made by your body (acetylcholine), it helps dry up some body fluids to relieve symptoms such as watery eyes and runny nose. Chlorphenamine is often combined with phenylpropanolamine to form an allergy medication with both antihistamine and decongestant properties, though phenylpropanolamine .Thus, increasing the growth of the chlorpheniramine maleate market.
Increasing vehicular pollution leading to various allergic conditions is boosting the growth of the chlorpheniramine maleate market. Allergic respiratory disease, which includes allergic rhino conjunctivitis and asthma, is one of the most common diseases, with a major impact on a patient’s quality of life. Allergic condition is a frequent atopic condition, manifesting through allergic rhinoconjuntivitis and asthma. Indoor pollutant is tobacco smoke, which is strongly associated with allergic sensitization, asthma, and other respiratory illnesses. Exposure to smoke results in the body’s enhanced ability to produce IgE (the allergy antibody) that attaches to allergens (e.g. pollen, dust mites and dander). Thus, increasing the growth of the chlorpheniramine maleate market.
Challenges – Chlorpheniramine Maleate Market
Some of the factors that is set to impede the growth of the chlorpheniramine maleate market are lack of awareness among people and increasing side effects.
Acquisitions/Product Launches
Key Takeaways
Chlorpheniramine Maleate Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the chlorpheniramine maleate market. In 2019, Chlorpheniramine Maleate Market share is consolidated by the top ten players present in the market. Chlorpheniramine Maleate, top 10 companies are Astrazeneca Plc, Boc Science, Cardinal Health, Inc, Glaxosmithkline Plc, Johnson Johnson, Merck Kgaa, Mylan N V, Sanofi S A, Sun Pharmaceutical Industry Limited and Ucb, Inc, among others.
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