Allergies Treatment Market Globally Expected to Grow at a Solid CAGR Through 2026
The increasing demand for self-medication as well as the increasing prevalence of allergic diseases around the world complements the need for allergy treatment.
– Allied market studies
NE WIN SIVERS DRIVE, PROVINCE: – PORTLAND, UNITED STATES, January 7, 2022 /EINPresswire.com/ — The global allergy treatment market was pegged at $ 24.65 billion in 2017 and is expected to reach $ 40.36 billion by 2025, registering a CAGR of 6.3% from 2018 to 2025. The report provides in-depth analysis of market dynamics, including drivers and restraints, major winning strategies, market size and projections, competitive landscape and major segments.
The increased prevalence of allergens and high tobacco consumption that can induce multiple allergies are driving the growth of the global allergy treatment market. However, the expiration of patents, competition from generic drugs, and the availability of alternative and complementary therapies are hampering market growth. On the contrary, the growing awareness of patients regarding food allergies is expected to create lucrative opportunities for market players in the coming years.
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1) The impact of COVID-19 on the Allergy Treatment market is unpredictable and is expected to remain in effect until Q4 2021.
2) The COVID-19 outbreak has forced governments around the world to put in place strict containment measures and ban the import and export of non-essential items for most of 2021. This resulted in a sudden drop in the availability of important raw materials.
3) Additionally, nationwide shutdowns have forced manufacturing facilities to partially or completely shut down operations.
4) The negative impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding the development of reliable and innovative drone analysis systems on a global scale.
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The food allergy segment is expected to grow at the fastest CAGR of 8.3% during the forecast period, due to increased patient awareness of food allergies. However, the increased prevalence of allergic rhinitis across the world has helped the rhinitis segment to gain the largest market share in 2017, accounting for around 40% of the total market share. Other segments analyzed in the report include asthma, skin allergies, food allergies and others.
In 2017, the anti-allergic segment captured around 89% of the market share, due to the growing trend towards over-the-counter (OTC) drugs for the treatment of allergic diseases. In addition, the segment is expected to continue to dominate the market. However, the immunotherapy treatment segment is expected to register the fastest CAGR of 8.5% during the forecast period, due to the growing awareness among healthcare professionals about the use of immunotherapy for treatment. allergies.
The intranasal sprays segment is estimated to register the fastest CAGR of 7.0% during the study period, as intranasal sprays offer a more promising approach to treat various allergic conditions. However, the oral drugs segment held the largest market share in 2017, contributing around 40% of total revenue, as oral drugs offer the convenience of self-administration, compactness, and ease of manufacture. The other dosage form discussed in the report includes inhalers.
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â¢ This report features detailed quantitative analysis along with current global Allergy Treatment market trends from 2018 to 2026 to identify existing opportunities along with strategic assessment.
â¢ The forecast of the allergy treatment market is studied from 2018 to 2026.
â¢ The Allergy Treatment market size and estimates are based on a comprehensive analysis of major developments in the Endoscopic Retrograde Cholangiopancreatography industry.
â¢ Qualitative analysis based on innovative products facilitates strategic business planning.
â¢ Development strategies adopted by major market players are mobilized to understand the competitive scenario of the Allergy Treatment market.
The report provides a comprehensive analysis of the major companies operating in the global market such as GlaxoSmithKline, ALK-AbellÃ³ A / S, Sallergenes Greer, Allergy Therapeutics, Sanofi SA, Johnson & Johnson, Merck Co. In, Merck KGaA, F. Hoffmann – La Roche AG, and Allergan plc.
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âWe have also published some syndicated market research in the same area that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you assess the aftermath of the pandemic on the short and long term growth trends of this market. Marlet. “
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