The global cetirizine hydrochloride market Growth Accelerated by Increasing Disease Prevalence
Cetirizine hydrochloride is an antihistamine used for treating seasonal allergic rhinitis and perennial allergic rhinitis. It blocks the action of histamine, which is released in the body after exposure to substances that trigger allergy or asthma, such as pollen, pet fur or mold. Demand for cetirizine hydrochloride is rising owing to the increasing incidence of allergies and asthma around the world. The increasing air pollution levels and change in climate patterns have made allergies more prevalent globally. The global cetirizine hydrochloride market is estimated to be valued at US$ 1289.96 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends fuelling growth in the cetirizine hydrochloride market size is rising healthcare expenditure in developing nations. According to the data by the World Bank, healthcare spending as a percentag...