global decongestant market is expected to witness high growth owing to rising prevalence of allergies

Decongestants are oral or topical medications that help relieve nasal congestion by constricting the blood vessels in the nasal passages. They come in various forms such as oral tablets, capsules, nasal sprays and ointments. Decongestants are commonly used to provide relief from common cold symptoms, sinusitis and allergies. The growing number of people suffering from allergic rhinitis and rising awareness about decongestant medications is driving increased demand for these products.

The global decongestant market is estimated to be valued at US$ 17.88 Bn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031. 
 
Key Takeaways

 Key players operating in the decongestant market are Johnson and Johnson, Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Sanofi S.A., Bayer AG, Reckitt Benckiser Group plc, Prestige Consumer Healthcare Inc., Procter and Gamble Co., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd, Perrigo Company plc, Church and Dwight Co., Inc., Mylan N.V. Marinomed Biotech AG, Dr. Reddy’s Laboratories Ltd. 
 
 Key Decongestant Market Trends formulations such as nasal sprays and combinations with antihistamines. Growing consumer preference for over-the-counter (OTC) medication is another major opportunity. 
 
 Globally, increasing healthcare expenditure and expansion of retail pharmacies are enhancing accessibility of decongestant products across major markets. Leading players are focusing on geographic expansion in emerging nations to tap higher growth opportunities.
 
Market Drivers
 Decongestant Market Size And Trends Rising incidence of respiratory diseases such as common cold, sinusitis and allergies is a key driver for the decongestant market. According to Asthma and Allergy Foundation of America, allergic rhinitis affects over 50 million Americans annually. Increased pollution levels are aggravating the prevalence of allergies. Growing preference for self-medication of symptoms is boosting sales of OTC decongestants. 
 
Market Restrain
 Side effects associated with use of decongestants such as insomnia, increased blood pressure, and nausea pose a major challenge. Pseudoephedrine-containing products are facing regulatory restrictions owing to its illicit use in manufacturing of drugs like methamphetamine. This can impede market growth over the forecast period.

Segment Analysis
 
 Over-the-counter segments dominates the decongestant market and is expected to continue its dominance over the forecast period owing to its easy availability without a prescription. OTC decongestant medicines are preferred for temporary relief of nasal congestion caused by common cold, hay fever or sinusitis. Pseudoephedrine is a widely used decongestant in OTC segments for its effectiveness. However, its sale is regulated in many countries due to risks of diversion into illegal methamphetamine production. Prescription decongestants hold a lower market share but is growing steadily for treatment of persistent and severe nasal congestion associated with chronic sinusitis or allergic rhinitis. Oral decongestants are a highly preferred dosage form in both segments owing to ease of administration.
 
Global Analysis
 
 North America currently dominates the global decongestant market owing to high prevalence of allergies and associated disorders. Favorable reimbursements for prescription drugs and wide acceptance of OTC medicines further propels market growth in the region. Europe is the second largest market driven by growing pollution levels aggravating respiratory issues. However, Asia Pacific region is poised to witness fastest growth during the forecast period attributed to increasing healthcare spending, large patient pool and aggressive expansions of key players tapping market potential in developing countries. Rising pollution in urban areas and growing awareness about available treatment options further contributes to regional market growth.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)