Chlorpheniramine Maleate Market: In 2023, the market was valued at approximately USD 514.9 million. It is projected to reach around USD 848.1 million by 2032, with a CAGR of 5.7% from 2024 to 2032.
The high incidence of allergic conditions such as rhinitis has been attributed to the positive growth of the market. Chlorpheniramine maleate is an alkylamine antihistamine that is used in the treatment of allergic conditions such as rhinitis and urticaria. This compound blocks histamine during allergic reactions, thus preventing allergic symptoms namely runny nose, watery eyes, sneezing, and itching. Moreover, the high demand for over-the-counter (OTC) products and the development of healthcare infrastructure further propel market growth. However, factors such as side effects associated with the use of antihistamines and lack of awareness about allergic reactions amongst people are expected to hinder the market growth. The introduction of novel therapies by R&D with fewer side effects and more efficacy provide opportunities in near future.
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Top Chlorpheniramine Maleate Market Companies
Pfizer, Sanofi, Johnson & Johnson, GlaxoSmithKline, Mylan
Global Chlorpheniramine Maleate Market Segmentation:
Chlorpheniramine Maleate Market By Type
Tablets, Syrups, Injections
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Chlorpheniramine Maleate Market By Applications
Allergies, Hay Fever, Cold and Cough Relief
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