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Drug Price Trends for SM CHILD ALL DAY ALLER
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Average Pharmacy Cost for SM CHILD ALL DAY ALLER
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
SM CHILD ALL DAY ALLER 1 MG/ML | 49348-0934-34 | 0.03452 | ML | 2025-01-22 |
SM CHILD ALL DAY ALLER 1 MG/ML | 49348-0934-34 | 0.03525 | ML | 2024-12-18 |
SM CHILD ALL DAY ALLER 1 MG/ML | 49348-0934-34 | 0.02927 | ML | 2024-11-20 |
SM CHILD ALL DAY ALLER 1 MG/ML | 49348-0934-34 | 0.03961 | ML | 2024-10-23 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Cetirizine-Based Allergy Medications
Market Overview
The global allergy diagnostics and therapeutics market is experiencing significant growth, driven by the increasing instances of allergies in children and adolescents. As of 2024, the market was valued at US$ 36.22 billion and is projected to reach around US$ 66.60 billion by 2033, growing at a CAGR of 7% from 2024 to 2033[3].
Demand for Cetirizine-Based Medications
Cetirizine, an antihistamine commonly used to relieve allergy symptoms such as watery eyes, runny nose, itching eyes/nose, sneezing, hives, and itching, is a key player in this market. The demand for cetirizine-based medications is high due to their effectiveness in treating both seasonal and perennial allergic rhinitis, as well as chronic idiopathic urticaria[1][4].
Product Variations and Pricing
Cetirizine is available in various forms, including oral liquid, chewable tablets, rapidly-dissolving tablets, and film-coated tablets. Here are some pricing insights for these products:
Oral Liquid
- The cost for All Day Allergy Children's oral liquid (1 mg/mL) is around $14 for a supply of 118 milliliters, depending on the pharmacy. Generic versions are also available, priced similarly[2].
Chewable and Rapidly-Dissolving Tablets
- While specific pricing for these forms is not detailed, they generally fall within a similar price range to the oral liquid, with discounts and coupons often available to reduce the cost[2].
Film-Coated Tablets
- The pricing for film-coated tablets, such as those under the brand name ALLER-RELIEF, is typically comparable to other forms, with a recommended dose of 5 to 10 mg per day. The cost can vary based on the pharmacy and any available discounts or coupons[1].
Price Projections
Given the growing demand for allergy medications and the stable pricing trends observed in recent years, here are some price projections:
Short-Term Projections
- In the short term, prices for cetirizine-based medications are likely to remain stable, with minimal increases due to inflation and market competition. Discounts and coupons will continue to play a significant role in reducing the out-of-pocket costs for consumers[2].
Long-Term Projections
- Over the next decade, as the allergy diagnostics and therapeutics market expands, the prices of cetirizine-based medications may see moderate increases. However, these increases are expected to be in line with the overall market growth and inflation rates. Generic versions and patient assistance programs will help keep costs manageable for many consumers[3].
Market Drivers
Several factors are driving the market for cetirizine-based allergy medications:
Increasing Prevalence of Allergies
- The rising incidence of allergies in children and adolescents is a significant driver. As more people seek treatment, the demand for effective medications like cetirizine increases[3].
Product Innovations
- Innovations in product forms, such as dye-free, sugar-free, and rapidly-dissolving tablets, enhance patient compliance and satisfaction, contributing to market growth[5].
Economic Factors
- The availability of generic versions and various patient assistance programs helps make these medications more affordable, thereby increasing their adoption[2].
Competitive Landscape
The market for cetirizine-based allergy medications is competitive, with several brands and generic options available. Here are a few key players:
ZYRTEC
- ZYRTEC offers a range of cetirizine-based products, including children's syrup, which is popular for its effectiveness and child-friendly flavors[5].
All Day Allergy
- All Day Allergy, another well-known brand, offers various forms of cetirizine, including oral liquid and chewable tablets, often with discounts and coupons available[2].
Consumer Behavior
Consumer behavior plays a crucial role in the market dynamics:
Preference for Convenience
- Consumers often prefer medications that are easy to administer, such as oral liquids and rapidly-dissolving tablets. This preference drives the demand for these forms[4].
Cost Sensitivity
- Many consumers are cost-sensitive and look for discounts, coupons, and patient assistance programs to reduce their expenses. This has led to an increase in the use of generic versions and participation in discount programs[2].
Key Takeaways
- Growing Market: The global allergy diagnostics and therapeutics market is expected to grow significantly, driven by increasing allergy prevalence.
- Stable Pricing: Short-term prices for cetirizine-based medications are likely to remain stable, with long-term moderate increases.
- Product Innovations: Innovations in product forms enhance patient compliance and satisfaction.
- Economic Factors: Generic versions and patient assistance programs make these medications more affordable.
- Competitive Landscape: The market is competitive with several brands and generic options available.
FAQs
1. What is cetirizine used for? Cetirizine is an antihistamine used to relieve allergy symptoms such as watery eyes, runny nose, itching eyes/nose, sneezing, hives, and itching[4].
2. What forms of cetirizine are available? Cetirizine is available in various forms, including oral liquid, chewable tablets, rapidly-dissolving tablets, and film-coated tablets[1][4].
3. How much does All Day Allergy Children's oral liquid cost? The cost for All Day Allergy Children's oral liquid (1 mg/mL) is around $14 for a supply of 118 milliliters, depending on the pharmacy[2].
4. Are there any patient assistance programs available for cetirizine-based medications? While specific patient assistance programs for All Day Allergy Children's were not found, generic versions and discounts through programs like the Drugs.com Discount Card can help reduce costs[2].
5. What is the projected growth of the allergy diagnostics and therapeutics market? The global allergy diagnostics and therapeutics market is expected to grow from US$ 36.22 billion in 2024 to around US$ 66.60 billion by 2033, at a CAGR of 7%[3].
Sources
- ALLER-RELIEF (cetirizine hydrochloride) Product Monograph. hres.ca.
- All Day Allergy Children's Prices, Coupons, Copay Cards & Patient Assistance. Drugs.com.
- Allergy Diagnostics and Therapeutics Market Size is Expanding Around US$ 66.60 Billion by 2033. Biospace.
- Children'S All Day Allergy (Cetirizine) Oral: Uses, Side Effects, Interactions, Pictures, Warnings & Dosing. WebMD.
- Children's ZYRTEC® Allergy Relief Syrup with Cetirizine HCl. ZYRTEC.
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