Cetirizine Hydrochloride Market Analysis | CMI

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CETIRIZINE HYDROCHLORIDE MARKET ANALYSIS

• Cetirizine Hydrochloride Market, by Dosage Form
  (Tablet, Syrup, and Solution), by Age Group
  (Adult and Pediatric), by Application (Allergic
  Rhinitis, Allergic Conjunctivitis, Eczema, and
  Others), by Distribution Channel (Hospital
  Pharmacies, Retail Pharmacies, and Retail
  Pharmacies), and by Region (North America, Latin
  America, Europe, Asia Pacific, Middle East, and
  Africa) - Size, Share, Trends, and Forecast to
  2026
• 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).

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Figure 1. Global Cetirizine Hydrochloride Market
Value (US Mn), by Region, 2017
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Market Drivers

• The global Cetirizine Hydrochloride Market is
  expected to be driven by increasing incidence of
  allergic conditions including allergic rhinitis,
  allergic conjunctivitis, and eczema.
• Increasing incidence of allergic rhinitis to
  drive growth of the market
• 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.

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• 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.
• 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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Market Restraints

• 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.

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Figure 2. Global Cetirizine Hydrochloride Market
Share (), by Dosage Form, 2018 and 2026
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Market Opportunities

• Increasing incidence of allergic eye symptoms and
  eczema is expected to bolster 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.

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Key Development

• Key players in the market are focused on new
  product launch to enhance the market share. For
  instance, in 2014, McNeil Consumer Healthcarea
  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.

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Key Players

• 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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