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Drug Price Trends for CHILD ALL DAY ALLERGY
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Average Pharmacy Cost for CHILD ALL DAY ALLERGY
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
CHILD ALL DAY ALLERGY 1 MG/ML | 70000-0214-01 | 0.03452 | ML | 2025-01-22 |
CHILD ALL DAY ALLERGY 1 MG/ML | 46122-0203-26 | 0.03376 | ML | 2025-01-22 |
CHILD ALL DAY ALLERGY 1 MG/ML | 46122-0101-26 | 0.03452 | ML | 2025-01-22 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Children's All Day Allergy Medication
Introduction to Children's Allergy Medications
Children's allergy medications, such as Children's All Day Allergy, are crucial in managing the increasing prevalence of allergic conditions among children. Allergies, including seasonal allergies, eczema, and food allergies, are on the rise globally, driven by factors such as environmental changes, urbanization, and lifestyle modifications[1].
Market Size and Growth
The global pediatric allergy diagnostics and therapeutics market is experiencing significant growth. As of 2023, the global pediatric allergy diagnostics market was estimated at USD 2.44 billion and is projected to grow at a CAGR of 10.1% from 2024 to 2030, reaching USD 4.68 billion by 2030[1].
Demand for Allergy Medications
The demand for allergy medications, particularly for children, is driven by the rising incidence of allergic conditions. According to the CDC, in 2021, 27.2% of children were diagnosed with at least one of the three main allergic conditions: seasonal allergies, eczema, or food allergies. Seasonal allergies were the most common, affecting 18.9% of children, followed by eczema at 10.8% and food allergies at 5.8%[1].
Segment Analysis
Seasonal Allergies
Seasonal allergies are the most prevalent among children, and medications like Children's All Day Allergy are widely used to manage these symptoms. Nearly two-thirds of U.S. households purchase OTC allergy medications, with a significant portion being for children[4].
Food Allergies
The food segment is expected to grow at a significant CAGR of 11.77% over the forecast period due to the rising incidence of food allergies among children. Food allergies affect approximately 8% of children in the U.S., or about 1 in 13 children[1].
Pricing and Cost Considerations
Current Pricing
The cost for Children's All Day Allergy (cetirizine) oral liquid is around $14 for a supply of 118 milliliters, depending on the pharmacy. Generic versions are also available, priced similarly or slightly higher[2].
Discount Programs and Coupons
Consumers can benefit from discount programs and coupons. For example, the Drugs.com Discount Card can save up to 80% or more off the cost of prescription and over-the-counter medications, including allergy meds[2].
Consumer Behavior and Preferences
Brand vs. Store Brands
A significant majority of allergy medication buyers believe that store brands are just as high quality as name brands. This is reflected in the survey findings where 72% of respondents said that brand names and store brands are usually the same quality[4].
Purchase Patterns
Nearly two-thirds of U.S. households purchase OTC allergy medications, spending an average of almost $58 and making 3-4 separate purchases annually. April is historically the top month for allergy medication sales, indicating peak demand during the spring season[4].
Regional Market Analysis
North America
North America dominated the pediatric allergy diagnostics market with a share of 36.44% in 2023. This dominance is attributed to the rising incidence of allergies and supportive government initiatives. The U.S. market, in particular, is driven by high awareness, early diagnosis, and advancements in diagnostic technologies[1].
Asia Pacific
The Asia Pacific region, especially China, is experiencing rapid growth in the pediatric allergy diagnostics market. Urbanization and environmental changes are contributing to higher allergy rates, leading to increased demand for accurate diagnostic solutions and therapeutic options[1].
Therapeutic Options and Innovations
Advanced Diagnostic Tools
The increasing prevalence of allergies among children is driving the demand for advanced diagnostic tools. These tools help in accurately identifying and managing allergic reactions, contributing to the rapid market growth[1].
Immunotherapy and Advanced Drugs
The introduction of therapeutically advanced drugs, such as immunotherapy, is expected to solve unmet patient needs and boost market growth over the forecast period. These innovations are crucial in addressing the rising incidence of allergic conditions[3].
Key Takeaways
- The global pediatric allergy diagnostics market is projected to grow at a CAGR of 10.1% from 2024 to 2030.
- Seasonal allergies and food allergies are the most common among children, driving the demand for medications like Children's All Day Allergy.
- Pricing for these medications is relatively stable, with options for generic versions and discount programs.
- Consumer preferences lean towards both brand and store brands, with a majority believing they offer similar quality.
- Regional markets, particularly North America and the Asia Pacific, are experiencing significant growth due to increasing allergy prevalence and advancements in diagnostics.
FAQs
1. What is the current market size of the pediatric allergy diagnostics market? The global pediatric allergy diagnostics market size was estimated at USD 2.44 billion in 2023[1].
2. How fast is the pediatric allergy diagnostics market expected to grow? The market is projected to grow at a CAGR of 10.1% from 2024 to 2030[1].
3. What are the most common allergic conditions among children? Seasonal allergies, eczema, and food allergies are the most common, with seasonal allergies affecting 18.9% of children[1].
4. How much does Children's All Day Allergy medication typically cost? The cost is around $14 for a supply of 118 milliliters, depending on the pharmacy[2].
5. Are there any discount programs available for allergy medications? Yes, programs like the Drugs.com Discount Card can save up to 80% or more off the cost of prescription and over-the-counter medications[2].
Sources
- Grandview Research - Pediatric Allergy Diagnostics Market Size, Share Report 2030
- Drugs.com - All Day Allergy Children's Prices, Coupons, Copay Cards & Patient Assistance
- Grandview Research - Allergy Diagnostics And Therapeutics Market Report, 2030
- Numerator - 64% of U.S. Households Buy Seasonal Allergy Medication
- Zyrtec - Children's ZYRTEC® Allergy Relief Syrup with Cetirizine HCl
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