Global Antihistamine Drugs Market Is Estimated To Witness High Growth Owing To Increasing Allergic Diseases
SWOT Analysis
Strength: Wide range of drugs available from inexpensive generic first-generation to novel second-generation antihistamines. Second-generation antihistamines are effective with fewer side effects.
Weakness: Resistance to first-generation antihistamines leads to reduced efficacy. Strict regulations increase drug approval time and costs.
Opportunity: Large patient pool of allergic disorder provides major growth opportunity. Developing alternative delivery methods and new formulations can address unmet needs.
Threats: Patent cliff of blockbuster drugs allows generic competition hurting revenues. Potential safety issues reported for some drugs may impact brands.
In terms of value, the Global Antihistamine Drugs Market Trends is currently concentrated highly in North America and Europe. North America alone accounts for over 35% of the total market share owing to established healthcare infrastructure and relatively higher healthcare spending. Europe represents the second largest regional market led by countries like Germany, U.K and France. The antihistamine drugs market in Asia Pacific region is expected to witness the fastest CAGR over the forecast period due to rising allergies, growing healthcare spending of emerging economies and increasing accessibility of drugs in countries like China and India.
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