0
2023
Chlorpheniramine Maleate Market

Chlorpheniramine Maleate Market

by Dosage Form (Tablets, Syrup, Eye Drops), by Application (Allergy, Hay Fever (Allergic Rhinitis), Common Cold, Watery Eyes, Itchy Throat/Skin, Anaphylactic Shock, Urticaria), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A03630
Pages: 438
Tables: 131
Charts: 73
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Chlorpheniramine Maleate Market Research, 2032

The chlorpheniramine maleate market size was valued at $468.6 million in 2022, and is projected to reach $751.4 million by 2032, growing at a CAGR of 4.9% from 2023 to 2032. Antihistamines are medications or other compounds that restrict the physiological impacts of histamine, utilized specifically in the treatment of allergies. Chlorpheniramine maleate is an antiallergic medicine used in the treatment of different allergic conditions such as allergic rhinitis (hay fever). It also helps to relieve red, itchy, watery eyes; sneezing; itchy nose or throat; and runny nose caused by allergies, and the common cold. Chlorpheniramine binds to the histamine H1 receptor. This blocks the action of endogenous histamine, which subsequently leads to temporary relief of the negative symptoms brought on by histamine.  

The overall impact of COVID-19 remains positive on the chlorpheniramine maleate market. Owing to an increase in demand for respiratory medications, shifts in consumer behavior during the COVID-19 pandemic have resulted in increase in awareness and concern about personal health and hygiene.

Chlorpheniramine Maleate Market

Market dynamics  

The key factor that drives the growth of the chlorpheniramine maleate market share is the rise in prevalence of allergies and related respiratory conditions such as allergic rhinitis and hives. For instance, according to a report published by the Asthma & Allergy Foundation of America in 2021, approximately 81 million people in the U.S. were diagnosed with seasonal allergic rhinitis (hay fever). This equals around 26% (67 million) of adults and 19% (14 million) of children. Moreover, an increase in demand for antihistamines, and a surge in investments in R&D activities by pharmaceutical companies for the development of more effective antihistaminic drugs propel the growth of the market. 

Furthermore, advances in pharmaceutical technology and drug delivery systems have resulted in the development of new formulations of chlorpheniramine maleate, such as extended-release tablets or liquid formulations, which offer improved efficacy, convenience, and patient compliance and are expected to open new potential for the growth of the market during the forecast period. 

However, changes in consumer preferences, such as a shift towards natural remedies, holistic approaches, or preferences for other types of medications, and potential adverse effects of chlorpheniramine maleate, such as drowsiness, dry mouth, blurred vision, and urinary retention, hamper the growth of the chlorpheniramine maleate market size. Conversely, a surge in R&D activities for the development of novel therapies with fewer side effects and greater efficacy is expected to provide lucrative opportunities for the growth of the market during the forecast period. 

Segmental Overview 

The chlorpheniramine maleate market share is segmented into dosage form, application, end user and region. By dosage form, the market is bifurcated into tablets, syrup, and eye drops. On the basis of application, it is fragmented into allergy, hay fever (allergic rhinitis), common cold, watery eyes, itchy throat/skin, anaphylactic shock, and urticaria. By distribution channel, the market is categorized into hospital pharmacies, retail pharmacies and online pharmacies. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  

By dosage form 

The chlorpheniramine maleate market growth is segmented into tablets, syrup, and eye drops. In 2022, the tablets segment accounted for the largest share of the market and is projected to exhibit the fastest market growth during the forecast period, owing to increase in prevalence of allergy and the easy availability of chlorpheniramine maleate tablets. 

Chlorpheniramine Maleate Market

By application 

The chlorpheniramine maleate market is segmented into allergy, hay fever (allergic rhinitis), common cold, watery eyes, itchy throat/skin, anaphylactic shock, and urticaria. In 2022, the allergy segment accounted for the largest share of the market and is projected to exhibit the fastest market growth during the forecast period, owing to rise in prevalence of allergic conditions and expansion of pharmaceutical industry across the world that provide chlorpheniramine maleate-based formulations to treat allergic disorders.  

Chlorpheniramine Maleate Market

By distribution channel 

The chlorpheniramine maleate market is segmented into hospital pharmacies, retail pharmacies and online pharmacies, the hospital pharmacies segment exhibited the highest growth in 2022, and is anticipated to lead during the forecast period, as hospital pharmacies dispense chlorpheniramine maleate in various forms, including tablets, capsules, or liquid formulations.

Chlorpheniramine Maleate Market

By region 

The chlorpheniramine maleate market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the majority share in 2022 and is anticipated to remain dominant during the forecast period owing to advancement in healthcare infrastructure with easy access to healthcare services, including OTC medications for allergic conditions and increase in prevalence of allergic condition in this region.  

Asia-Pacific is expected to witness growth at the highest rate during the chlorpheniramine maleate market forecast. Owing to rise in prevalence of allergic conditions, increase in number of key market players for the manufacturing of chlorpheniramine maleate and rise in consumer awareness about allergies. Furthermore, rise in demand for antihistaminic, surge in geriatric population and increase in air pollution in developing countries such as India, China, Japan, and South Korea contribute to the growth of the market.   

Chlorpheniramine Maleate Market

 

Competition analysis

The report provides competitive analysis and profiles of the major players in the chlorpheniramine maleate industry, such as Alkem Laboratories Ltd, Bayer AG, GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Inc., Novalab Healthcare Pvt. Ltd., Capellon Pharmaceuticals, Sun Pharmaceutical Industries Limited, Viatris Inc. and Zydus Lifesciences Limited.   

Recent development in Chlorpheniramine Maleate Market

  • In September 2021, Sun Pharmaceutical Industries Ltd. launched Chericof 12, a novel syrup for cough management in India. The launch of Chericof 12 will help the company to gain a strong foothold in the chlorpheniramine maleate industry. 

 Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chlorpheniramine maleate market analysis from 2022 to 2032 to identify the prevailing chlorpheniramine maleate market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the chlorpheniramine maleate market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global chlorpheniramine maleate market trends, key players, market segments, application areas, and market growth strategies.

Chlorpheniramine Maleate Market Report Highlights

Aspects Details
Market Size By 2032 USD 751.4 million
Growth Rate CAGR of 4.9%
Forecast period 2022 - 2032
Report Pages 438
By Dosage Form
  • Tablets
  • Syrup
  • Eye Drops
By Application
  • Allergy
  • Hay Fever (Allergic Rhinitis)
  • Common Cold
  • Watery Eyes
  • Itchy Throat/Skin
  • Anaphylactic Shock
  • Urticaria
By Distribution Channel
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific 
  • LAMEA 
Key Market Players Alkem Laboratories Ltd., Novalab Healthcare Pvt. Ltd., Viatris Inc., Zydus Lifesciences Limited, Sun Pharmaceutical Industries Limited, Capellon Pharmaceuticals, Bayer AG, GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Inc.

Analyst Review

According to the insights of CXOs, the chlorpheniramine maleate market is expected to witness significant growth in the future, owing to increase in the prevalence of allergic conditions, such as hay fever, allergic rhinitis, and urticaria, advancements in healthcare facilities with easy access to healthcare services, including OTC medications for allergic disorders, and surge in R&D activities by key market players.   

The chlorpheniramine maleate market is expected to witness steady growth in the future. The increase in the prevalence of allergic conditions and rise in awareness among consumers about the symptoms and management of allergies fuel the growth of the market. In addition, a surge in geriatric population, an increase in air pollution, an increase in urbanization and change in lifestyles have been associated with a higher prevalence of allergies, which boosts the growth of the market. However, the availability of alternative medications to treat allergies and the potential side effects of chlorpheniramine maleate, such as drowsiness, dry mouth, blurred vision, and urinary retention, are expected to hamper the growth of the market during the forecast period.   

North America is expected to dominate the chlorpheniramine maleate market during the forecast period, followed by Europe. In addition, emerging economies such as India, China, Mexico, and Brazil are expected to offer lucrative opportunities owing to surge in unhealthy and sedentary lifestyles, rise in geriatric population, and increase in prevalence of allergic conditions. These are the key factors contributing to the growth of the market. 

 

Loading Table Of Content...


 
 

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Apr 2023
Author(s) : Shubham S , Onkar S
FREQUENTLY ASKED QUESTIONS?

A. Chlorpheniramine maleate is an antiallergic medicine used in the treatment of different allergic conditions such as allergic rhinitis (hay fever). It also helps to relieve red, itchy, watery eyes; sneezing; itchy nose or throat; and runny nose caused by allergies, and the common cold.

A. Increase in the prevalence of allergic disorders, increase in urbanization and changing lifestyles and surge in technological advancement.

A. The factors that restrain the growth of the market is potential side effects of chlorpheniramine drug and increase in shift towards alternative medicines.

A. The total market value of the Chlorpheniramine Maleate market is $468.61 million in 2022.

A. The forecast period for Chlorpheniramine Maleate market is 2023 to 2032

A. Top companies such as Alkeem Laboratories Ltd, Bayer AG, GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Inc., held a high market position in 2022.

A. The overall impact of COVID-19 remains positive on the Chlorpheniramine Maleate market.

A. Yes, the competitive landscape is included in the Chlorpheniramine Maleate market report.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Chlorpheniramine Maleate Market

Start reading instantly.
This Report and over 71,229+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Apr 2024 - Apr 2025)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2024 - Apr 2025)
  • Single User
  • $5,730
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2024 - Apr 2025)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2024 - Apr 2025)
  • Enterprise
    License/PDF

  • $9,600
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2024 - Apr 2025)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers