Registering a CAGR of 0.8% over the forecast period, the market value of Loratadine is expected to reach US$ 143 million in the year 2027.
The loratadine market is primarily driven by changes in lifestyle, as well as an increasing burden of allergies that cause histamine hypersecretion. According to the American Academy of Allergy, Asthma, and Immunology (AAAI), sensitization (IgE antibodies) to foreign proteins in the environment affects up to 40% of the population worldwide. Ten to thirty percent of the population suffers from allergic rhinitis. Furthermore, the drug's broad applications, combined with the increasing use of loratadine in various types of allergies, are expected to drive market growth over the forecast period. Furthermore, continuous development in loratadine drugs is expected to drive market growth. However, strict regulatory policies are expected to stifle market growth over the forecast period.
The report aspects discussed the profile of the top manufacturers of the global Loratadine market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. Growth of the report has examined Loratadine Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Loratadine includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Merck, Cadila Pharmaceuticals, Morepen, Ultratech India, Vasudha Pharma Chem, Hetero Drugs, Mylan, Changzhou Yabang, Shaanxi Hanjiang, Inke, S.A., Argon Drugs and others.
Industry News and Updates:
Merck Signs Memorandum of Understanding with ID Pharma to Accelerate Gene Therapy Development and Manufacturing
January 26, 2022 – Merck, a global leader in science and technology, today announced the signing of a non-binding Memorandum of Understanding (MoU) with ID Pharma, the advanced medical division of I'rom Group, outlining its plans to support the development and manufacturing of cutting-edge gene therapy.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
North America is expected to have the highest growth rate among the regions due to its well-established healthcare infrastructure, the presence of key market players manufacturing and marketing loratadine, and the region's high prevalence of allergies. Furthermore, the increasing adaptation of loratadine and active pipelines are expected to boost regional growth over the forecast period. According to the AAAI (American Academy of Allergy, Asthma, and Immunology), hay fever affects 7.8 percent of people over the age of 18 in the United States. Asia Pacific, on the other hand, is expected to have lucrative market growth due to changing lifestyles, the presence of many generic manufacturers, and the developing healthcare industry.
The Loratadine Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Loratadine Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Loratadine Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Loratadine Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Loratadine Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Merck, Cadila Pharmaceuticals, Morepen, Ultratech India |
Forecast Period 2022 to 2027 CAGR | CAGR of 0.8% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Merck, Cadila Pharmaceuticals, Morepen, Ultratech India, Vasudha Pharma Chem, Hetero Drugs, Mylan, Changzhou Yabang, Shaanxi Hanjiang, Inke, S.A., Argon Drugs |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 117 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Loratadine Market is studied from 2017 - 2027.
What is the growth rate of the Loratadine Market?
The Loratadine Market is growing at a CAGR of 0.8% over the next 5 years.
Who are the key players in Loratadine Market?
Merck, Cadila Pharmaceuticals, Morepen, Ultratech India, Vasudha Pharma Chem, Hetero Drugs, Mylan, Changzhou Yabang, Shaanxi Hanjiang, Inke, S.A., Argon Drugs
What regions does this Loratadine Market report cover?
North America (the 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, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Loratadine Market?
USP Standards Grade, EP Standards Grade, Pharmaceutical Standards Grade, Others
What are the major end-use applications of Loratadine Market?
Loratadine Tablet, Loratadine Capsules, Loratadine Syrup, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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