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Last Updated: December 23, 2024

ALLERFED Drug Patent Profile


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Summary for ALLERFED
US Patents:0
Applicants:1
NDAs:1
Raw Ingredient (Bulk) Api Vendors: 33
Patent Applications: 5,256
DailyMed Link:ALLERFED at DailyMed
Drug patent expirations by year for ALLERFED

US Patents and Regulatory Information for ALLERFED

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Pvt Form ALLERFED pseudoephedrine hydrochloride; triprolidine hydrochloride TABLET;ORAL 088860-001 Jan 31, 1985 DISCN No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >TE >Type >RLD >RS >Patent No. >Patent Expiration >Product >Substance >Delist Req. >Exclusivity Expiration

ALLERFED Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory of Antihistamine Drugs: A Focus on Allerfed

Introduction

The antihistamine drug market, which includes products like Allerfed, is experiencing significant growth driven by increasing global allergy prevalence, advancements in drug research, and expanding healthcare infrastructure. Here, we delve into the market dynamics and financial trajectory of antihistamine drugs, with a particular focus on the trends and factors influencing their market performance.

Market Size and Growth

The human antihistamine drug market is projected to grow substantially, reaching approximately USD 706.2 million by 2033, up from USD 274.8 million in 2023. This growth is anticipated at a Compound Annual Growth Rate (CAGR) of 9.9% between 2024 and 2033[1].

Dominant Drug Types

Second-Generation Antihistamines, such as Allerfed, dominate the market with over 62.7% market share in 2023. These drugs are preferred due to their improved safety profiles and reduced sedative effects, making them a favorite among both healthcare professionals and patients[1].

Preferred Medication Type

Over-the-Counter (OTC) antihistamines, including Allerfed, lead the market with a 60.7% market share in 2023. This reflects consumer preference for accessible, non-prescription solutions for managing allergic symptoms[1].

Top Indications

Allergy drugs, which include antihistamines like Allerfed, capture a significant 62.7% market share in 2023. This indicates a high demand for effective antihistamine medications to address allergic conditions[1].

Route of Administration

Oral administration is the leading route, claiming 46.1% of the market share in 2023. This is driven by the user-friendliness and widespread acceptance of oral antihistamines among patients[1].

Primary End-Users

Hospitals secure a commanding 46.8% market share in 2023, highlighting their crucial role in addressing diverse allergic conditions in patients. This underscores the importance of antihistamines in clinical settings[1].

Regional Analysis

North America is a key player in the antihistamine drug market, holding a substantial 37.2% market share in 2023. This region's strong market presence is attributed to increased awareness about allergy management, a high incidence of allergic conditions, and a proactive approach to healthcare[1].

Market Drivers

Several factors drive the growth of the antihistamine drug market:

  • Rising Prevalence of Allergic Diseases: The increasing global prevalence of allergic diseases boosts demand for antihistamines.
  • Innovations in Drug Research and Development: Continuous advancements in antihistamine formulations and delivery methods enhance treatment efficacy and safety.
  • Expanding Healthcare Infrastructure: Improved healthcare facilities and increased access to medical services contribute to market growth.
  • Increasing Awareness and Proactive Management: Greater awareness among patients about managing allergies proactively drives the demand for antihistamines[1][4].

Market Restraints

Despite the growth, the market faces several challenges:

  • Price Sensitivity and Reimbursement Issues: High prices and reimbursement challenges affect the sales of prescription antihistamines.
  • Preference for Alternative Therapies: The rising popularity of alternative therapies over traditional antihistamines poses a market challenge[4].

Market Opportunities

The antihistamine drug market presents several opportunities for growth:

  • Partnerships with Healthcare Providers: Collaborations with healthcare providers and allergy specialists can enhance market penetration.
  • Pediatric-Friendly Antihistamines: Developing antihistamines specifically for children can capture a growing segment of the market[4].

Financial Trajectory

The financial performance of companies involved in the antihistamine market is influenced by several factors:

  • Revenue Growth: Companies like Journey Medical Corporation report revenue growth driven by their flagship products, which includes antihistamines. For instance, Journey Medical saw a 7% increase in net product revenues in the first quarter of 2024 compared to the same period in 2023[2].
  • Research and Development Costs: Significant investments in R&D are crucial for developing new and innovative antihistamine drugs. For example, Journey Medical's R&D costs increased to $7.9 million in the first quarter of 2024, driven by filing fees and milestone payments for new drug applications[2].
  • Market Competition: The antihistamine market is highly competitive, with major pharmaceutical companies striving to introduce novel formulations and increase treatment efficacy. This competition drives innovation but also increases the financial risks associated with drug development[1][4].

Investment Trends

The pharmaceutical sector, including antihistamine drugs, is characterized by high development costs and significant risks. The average cost of bringing a new drug to market is about $2.6 billion, with a development timeline spanning 10 to 15 years. Despite these challenges, successful drugs can generate substantial revenue streams, making the sector attractive for investors[3].

Key Takeaways

  • The antihistamine drug market is projected to grow significantly, driven by increasing allergy prevalence and advancements in drug research.
  • Second-Generation Antihistamines dominate the market due to their improved safety profiles.
  • OTC antihistamines are preferred for their accessibility.
  • North America is a key region in the antihistamine market.
  • Market growth is driven by rising allergy prevalence, innovations in drug research, and expanding healthcare infrastructure.
  • Challenges include price sensitivity, reimbursement issues, and preference for alternative therapies.
  • Opportunities exist in partnerships with healthcare providers and developing pediatric-friendly antihistamines.

FAQs

What is the projected market size of the human antihistamine drug market by 2033?

The human antihistamine drug market is projected to reach approximately USD 706.2 million by 2033[1].

Which type of antihistamine dominates the market?

Second-Generation Antihistamines dominate the market with over 62.7% market share in 2023 due to their improved safety profiles and reduced sedative effects[1].

What is the preferred route of administration for antihistamines?

Oral administration is the leading route, claiming 46.1% of the market share in 2023[1].

Which region has the highest market share in the antihistamine drug market?

North America holds a substantial 37.2% market share in 2023[1].

What are the main challenges facing the antihistamine drug market?

The main challenges include price sensitivity, reimbursement issues, and the rising popularity of alternative therapies over traditional antihistamines[4].

Sources

  1. Market.us: Human Antihistamine Drug Market Size | CAGR OF 9.9% [https://market.us/report/human-antihistamine-drug-market/]
  2. GlobeNewswire: Journey Medical Corporation Reports First Quarter 2024 Financial Results and Recent Corporate Highlights [https://ir.journeymedicalcorp.com/new-events/press-releases/detail/66/journey-medical-corporation-reports-first-quarter-2024]
  3. DrugBank Blog: Investment Trends in Pharmaceutical Research [https://blog.drugbank.com/investment-trends-in-pharmaceutical-research/]
  4. GlobeNewswire: Antihistamine Drugs Industry Report 2025-2030: A $381 Million Opportunity [https://www.globenewswire.com/news-release/2024/11/22/2985979/0/en/Antihistamine-Drugs-Industry-Report-2025-2030-A-381-Million-Opportunity-Johnson-Johnson-Sanofi-Pfizer-and-Bayer-Experiencing-Notable-Growth-Driven-by-Substantial-R-D-Investments.html]

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