Rhinoconjunctivitis Market

Rhinoconjunctivitis Market Size (2023 to 2028)

As per our analysis report, the global rhinoconjunctivitis market size is predicted to grow at a healthy CAGR during the forecast period.

Rhino conjunctivitis is an allergic medical problem combined with rhino and conjunctivitis. This affects the nose and mucous membrane and causes redness and pinkeye combination. This disorder commonly occurs in children and is very prevalent in developed countries. The infection can cause cough and cold symptoms and problems like fatigue, fever, and tiredness. These nose and eye problems occur at least once a week in patients and must be taken care of regularly. The allergy is caused either due to internal allergens inside the home, like house dust, mites, and pet allergens, or outside allergens, like pollen, grass, trees, seasonal allergens, etc. Rhinoconjictivtitis may severely affect the patient's physical and mental health, leading to work, school, college, and daily life obstructions. It may also aggravate to lead to more severe conditions like rhinosinusitis, middle ear disease, asthma, etc. Therefore, it is essential to take regular and early treatment. 

MARKET DRIVERS:

The rising prevalence of non-food allergies and allergic asthma is an increasing concern for many countries driving the global rhinoconjunctivitis market.

Growing awareness about allergies and increasing healthcare infrastructure would also influence market growth, particularly in emerging nations. The prevalence of allergic rhinitis has risen dramatically in both adults and children. According to research published in the Allergy, Asthma & Immunology Research Journal, rising prevalence is also due to the consumption of food that has been kept extensively in freezers, industrialization, and air pollution. In India, Korea, Singapore, and other Asian countries, similar problems exist.

Y-O-Y growth in the awareness levels regarding allergies and conjunctivitis among people is primarily accelerating the global rhinoconjunctivitis market growth.

According to National Institute for Health Research, more than 1 million population in the UK suffer from allergic rhinitis. People with this allergic rhinitis keep suffering from eye-related symptoms and asthma. Growing R&D activities, increased intake of food stored in the refrigerators for days, and growing pollution levels further favour the global rhinoconjunctivitis market. Increasing awareness among the people in the developed and developing nations is another significant favouring market growth. Rapid changes in the healthcare infrastructure, growing expenditure on healthcare, and the number of existing key players participating in the R&D of developing nations are also expected to drive the global rhinoconjunctivitis market growth.

Various pharmaceutical firms and research institutions are researching to find new ways to treat allergies, which is projected to propel the market forward. Increasing the number of pharmaceutical players involved in R&D and spreading awareness about rhinoconjunctivitis further expand the market growth. In addition, government initiatives and growing investment & funding by the government in developing nations such as China and India are likely to augment the regional market growth.

MARKET RESTRAINTS:

Less awareness regarding conjunctivitis is one of the factors that restrain the global rhinoconjunctivitis market growth. Also, high costs associated with the treatments and lack of skilled professionals required during the treatment further restrict the market growth from unleashing its full potential.

Impact of COVID-19 on the global rhinoconjunctivitis market:

Coronavirus disease 2019 (COVID-19) is characterized by a wide variety of clinical symptoms, from minor symptoms to extreme pneumonia and death. COVID-19 can show itself in a variety of ways, including nasal and ocular symptoms. Rhinoconjunctivitis is a form of allergic reaction that combines rhinitis and conjunctivitis. It is one of the most common allergic reactions worldwide. COVID-19 symptoms are close to respiratory tract infections and allergic rhinoconjunctivitis (ARC), so they should be included in the differential diagnosis. Due to these reasons, the Rhinoconjunctivitis market is expected to have slight growth during this pandemic and in the coming years. The similarity between the diseases supports the increasing diagnostic procedures leading tmarket growthet. 

REPORT COVERAGE:

This market research report othe n global rhinoconjunctivitis market has been segmented into the following categories.

Rhinoconjunctivitis Market - By Treatment:

• Decongestants

• Mast-Cell Stabilizers

• Antihistamines

• Nonsteroidal Anti-Inflammatory Drugs

• Intranasal Corticosteroids

The Antihistamines segment is expected to dominate the market during the forecast period due to the fact that they are the safest to use with kids and can help to learn ability in children. In addition, Histamine is a chemical in the body that causes severe itching in the nose and sneezes, rhinorrhea, etc. Therefore, the use of antihistamines is proven to help reduce the production of histamines leading to allergy relief.

Intranasal Corticosteroids like beclomethasone dipropionate, budesonide, etc., are also expected to show growth during the forecast as it is a standard method used for treatment and is often used in combination with antihistamines for relief of symptoms. 

Rhinoconjunctivitis Market - By Product:

• Eye Solutions

• Gels

• Tablets

• Creams

• Others

The tablets segment is expected to dominate the market during the forecast period as they are the most easily consumable and reliable products in the market. In addition, antihistamines come in tablet forms and are most frequently prescribed for treatment procedures supporting segment growth.

Additionally, eye solutions, gels, and creams are often provided in combination with tablets for immediate treatment and recovery, leading to more growth for these segments. The external relief provided by these products supports the segment's growth. 

Rhinoconjunctivitis Market - By Dosage Forms:

• Liquid

• Solid

• Semi-Solid

The Solid segment is expected to dominate the market during the forecast period, as tablets are the most common form of consumption for this allergy. However, the liquid and semi-solid forms are also expected to witness growth due to the growing use of nasal sprays, gels, creams, etc. 

Rhinoconjunctivitis Market - By Route Of Administration:

• Nasal

• Topical

• Parenteral

• Oral

The Oral and Topical segments are expected to dominate the market during the forecast period. The primary mode of treatment for rhinoconjunctivitis includes applying external (topical) medications in combination with several drugs ingested orally, leading to growth in the market. 

The nasal and parenteral segments are also expected to grow due to the growing use of nasal sprays and treatment in hospitals and remote care settings in severe cases. Additionally, there are several cases in which oral and topical medication may prove to be ineffective, and the doctors have to shift to a more straightforward procedure. 

Rhinoconjunctivitis Market - By Age:

• Pediatrics

• Adults 

• Geriatrics

The Pediatrics segment is expected to dominate the market during the forecast period as this condition is found to be more prevalent and reoccurring in children than in adults. In addition, it is easier for children to be affected by allergens as their immune system is still developing, and they are also more easily exposed to allergens due to messy playtimes and no concern for hygiene. 

The geriatrics may also be affected due to their old age and declining immunity. In addition, negligence toward personal care in older people may also lead to this allergy. 

Rhinoconjunctivitis Market - By Gender:

• Female

• Male

The Male population is more prone to the allergy than the females, which can be assumed to be due to a higher sense of cleanliness in girls compared to boys.

Rhinoconjunctivitis Market - By End-User:

• Online Pharmacy

• Retail Pharmacy

• Hospital Pharmacy

The Hospital Pharmacy segment is expected to dominate the market due to the rapid influx of patients in hospitals and the availability of a wide range of medications in these centers. However, the retail and online pharmacy segments are also growing as people prefer over-the-counter drugs and also generic medications to lower costs. 

Rhinoconjunctivitis Market - By Prescription Type:

• Prescription Rx drugs

• Over-the-counter drugs

The over-the-counter drugs segment is expected to grow during the forecast period due to the rising cases of allergies and the availability of several common allergy drugs without needing a prescription. However, the growing severity of the cases of rhinoconjunctivitis may lead to more markets for the prescription segment. 

Rhinoconjunctivitis Market - By Distribution Channel:

• Online

• Offline

The Offline segment is currently dominating the market due to the easy availability of these drugs; however, the growing internet penetration and shift toward a digitalized society may lead to more growth for the online segment. 

Rhinoconjunctivitis Market - By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• The Middle East and Africa

Geographically, North America Rhinoconjunctivitis market is predicted to lead the global market during the forecast period owing to the quick adoption of advanced technologies. However, the Asia Pacific and Europe were the second and third largest markets for rhinoconjunctivitis, respectively. Asia Pacific Rhinoconjunctivitis market is expected to rise at the fastest pace, owing to rapidly growing awareness, expanding healthcare infrastructure, and increasing the number of pharmaceutical companies engaged in R&D.

The Rhinoconjunctivitis market in Europe holds the second largest share throughout the period due to the factors such as an expected increase in fever, the presence of key players in the region, and the alliances among industry players in developing products portfolios. Furthermore, the availability of advanced drugs for allergic rhinitis treatment supports the region's market development. In North America, the rhinoconjunctivitis market is dominated by the United States. An increasing predominance is fueling the market in supplying cost-competitive product ranges. The availability of advanced medical and drug production technologies and the expansion of many pharmaceutical companies are driving the market growth. Owing to a rise in allergic rhinitis cases and the immense economic burden of allergic rhinitis, Canada is expected to see substantial growth in the Rhinoconjunctivitis industry. According to the American Academy of Allergy, Asthma, and Immunology, allergy rhinitis affects 7.8% of Americans aged 18 and up.

KEY MARKET PLAYERS:

Some of the notable companies dominating the global rhinoconjunctivitis market profiled in this report are Johnson & Johnson Inc., Merck & Co., Inc., GlaxoSmithKline, and Sanofi Adiga Life Sciences Inc.

RECENT MARKET DEVELOPMENTS:

• In December 2019, Glenmark Pharmaceuticals, a drug maker and leading company, received acceptance from the Australian regulator to commercialize Ryaltris. Ryaltris is used as a combination of nasal spray and antihistamine used to treat patients who are suffering from the symptoms of allergic rhinitis and rhinoconjunctivitis.

• In April 2014, Merck announced its U.S. FDA acceptance for GRASTEK tablet for Sublingual use. GRASTEK is an allergy taken out, which is indicated as immunotherapy to treat allergic rhinitis conjunctivitis.

• On March 21, 2023, Neurent Medical released a 3-month data from the CLARITY study. The study is a prospective single-arm, multicenter safety and efficacy study for patients with chronic rhinitis. The company is a pioneer in innovative non-surgical interventions to treat chronic inflammatory sinonasal diseases. The results are expected to be promising.