Global Cetirizine Hydrochloride Market was Valued at US$ 1,100 Million in 2017 and is Expected to Grow at a CAGR of 3.2% between 2018 and 2026

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Cetirizine Hydrochloride
Cetirizine Hydrochloride

Cetirizine Hydrochloride Market in Global – Potential Allergic Treatment

Cetirizine hydrochloride is an anti histamine medication that reduces the natural chemical histamine in the body. Sneezing, watery eyes, and a runny nose are all symptoms of histamine. Cetirizine hydrochloride is a medication that is used to treat colds, allergy symptoms, itching, and swelling caused by hives. It is prescribed, but it is also available over-the-counter in pharmacies and supermarkets.

The rising prevalence of allergic rhinitis will drive market expansion. The high prevalence of allergic conditions such as allergic rhinitis, also known as hay fever, is expected to drive the Cetirizine Hydrochloride Market forward. According to the American Academy of Allergy, Asthma, and Immunology, allergic rhinitis affects 10% to 30% of the global population. Furthermore, according to the International Study of Asthma and Allergies in Childhood (ISAAC), 2016, the prevalence of pollen allergy or hay fever in children aged 12-14 was 22.1 percent worldwide, with North America having the highest rate of 33.3 percent.

Because of the high prevalence of hay fever and allergic conjunctivitis in the United States, North America dominates the Global Cetirizine Hydrochloride Market. According to the American Academy of Allergy, Asthma, and Immunology, approximately 7.8 percent of the population in the United States over the age of 18 suffers from hay fever. According to the National Health Interview Survey 2016, approximately 6.5 percent or 16.0 million adults and 7.5 percent or 5.5 million children under the age of 18 were diagnosed with hay fever in 2015.

The growing prevalence of allergic conditions such as allergic rhinitis, allergic conjunctivitis, and eczema is expected to drive the global market for cetirizine hydrochloride. Furthermore, the Cetirizine Hydrochloride Market in North America is expected to grow significantly, owing to the growing economic burden caused by allergic diseases on the affected population. According to the American College of Allergy, Asthma, and Immunology, allergies are the sixth leading cause of chronic illness in the United States, with over 50 million people suffering from allergies each year, costing the country $ 18 billion.

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