New York, NY -- (SBWIRE) -- 12/07/2018 -- A large number of people suffer from different kind of allergies. Some get allergies from birth due to lack of diet during pregnancy while some get allergies after birth. These allergies cause humans with health issues such as sneezing, cough, sniffling, swelling and others. In order to avoid these effects and get relief, people consume over the counter allergy care products.
This report assesses trends that are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to Allergy Care manufacturers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA).
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The sections, by product type, by form and, by sales channel evaluate the present scenario as well as growth prospects of the regional Allergy Care market for 2018–2027. The North America market has been estimated to dominate the Allergy Care market, accounting for a maximum revenue share of the market by 2018 end. Europe and APEJ markets are expected to account for over 19.6% and 11.4% revenue share, respectively, of the global Allergy Care market by 2027 end. Among the emerging markets, MEA is estimated to exhibit a significant CAGR of 7.1% over the forecast period, followed by Europe with a CAGR of 5.6%.
To provide in-depth insights into the pattern of demand for Allergy Care market, the market is segmented on the basis of product type. It includes Nasal Spray, Antihistamine Medication, and Eye Drops. Eye Drops is expected to dominate the Allergy Care market over the forecast period, in terms of value, which accounted for 37.9% value share in 2027.
Also, increasing demand for Allergy Care in the MEA region is driving the prominent manufacturers to strategically enter in the MEA market with an objective to target the opportunities in the region. The Allergy Care market in North American region has matured, and hence, the companies are targeting emerging markets to increase their sales revenues.
MEA Region Critical in the Allergy Care Market
The MEA region is estimated to account for more than 4.5% market share in the global Allergy Care market in 2018, and this share is expected to grow by a massive rate of 143 BPS, causing the MEA market to grab more than 6% market share by the end of 2027. This highly populous continent is spearheaded by the rapid economic growth in GCC Countries and South Africa and customers in these countries will continue to demand the maximum Allergy Care products.
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Global Allergy Care Market: Competition Dashboard
Fact.MR has profiled some of the most prominent company's active in the global Allergy Care market such as Johnson & Johnson Inc., GlaxoSmithKline plc., Pfizer, Inc., Bayer AG, Abbott Laboratories, Merck Ltd., Sanofi-Aventis U.S. LLC, Mylan N.V., Novartis AG and Spirit Pharmaceuticals LLC. The key market players in Allergy Care market are focusing on product development and merger.
Global Allergy Care Market: Key Insights
The Allergy Care market has grown consistently at a CAGR of 4.1%, and the market has been expanding at a higher pace. The vendors are focusing on acquiring companies that provide allergy care product and gain a competitive edge in the market by providing diversified product categories.
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