Allergy Treatment Market New Opportunities, Key Trends, Rising Demand, Emerging Growth, Business Development
Allergy Treatment Market was valued at USD 24,653 Million in 2017 and is projected to reach USD 40,360 Million by 2025, growing at a CAGR of 6.3% from 2018 to 2025.
PORTLAND, OREGON, USA, March 21, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research, titled Allergy Treatment Market by Type, Treatment, Dosage Form, and Distribution Channel: Global Opportunity Analysis and Forecast of Industry, 2018 – 2025, the global Allergy Treatment Market was valued at USD 24,653 Million in 2017 and is projected to reach USD 40,360 Million by 2025, growing at a CAGR of 6.3% from 2018 to 2025. Based on type, the rhinitis and asthma segments accounted for more than half of the total market share in 2017.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
The report provides in-depth competitive analysis and profiles of major market players, such as GlaxoSmithKline, ALK-Abell A/S, Sallergenes Greer, Allergy Therapeutics, Sanofi SA, Johnson & Johnson, Merck Co. In, Merck KGaA, F. Hoffmann-La Roche AG and Allergan plc. Other players in the value chain (not included in the report) include Sunovion Pharmaceuticals Inc., Teva Pharmaceuticals, HAL Allergy Group, Collegium Pharmaceutical, Inc., Procter & Gamble, Circassia, and Novartis AG.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
• Based on type, rhinitis and asthma segments dominated the global allergy treatment market in 2017 and are expected to maintain this trend during the forecast period.
• On a treatment basis, the immunotherapy segment is expected to register the highest CAGR of 8.5% from 2018 to 2025.
• The United States generated the highest revenue in the global allergy treatment market in 2017, accounting for more than half of the market in North America.
• Asia-Pacific was the largest contributor in the allergy treatment market in 2017 and is expected to witness rapid growth over the forecast period.
North America was the main revenue contributor to the global market in 2017, driven by increased investment in healthcare by manufacturers, increased R&D spending for the development of treatments for allergies and the growing prevalence of food allergies. Asia-Pacific is expected to witness the highest growth rate throughout the forecast period, due to the increase in the prevalence of allergic asthma due to the increase in pollution, increase internet penetration and allergy awareness.
By type, the rhinitis segment generated the highest revenue in 2017 and is expected to maintain this dominance throughout the forecast period. This is attributed to the increased prevalence of allergic rhinitis across the world. For example, according to the European Academy of Allergy and Clinical Immunology (EAACI), approximately 400 million patients suffer from rhinitis. However, the food allergy segment is expected to register the highest growth rate during the forecast period.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
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𝐀𝐕𝐄𝐍𝐔𝐄- 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐁𝐚𝐬𝐞𝐝 𝐋𝐢𝐛𝐫𝐚𝐫𝐲 (𝐏𝐫𝐞𝐦𝐢𝐮𝐦-𝐝𝐞𝐦𝐚𝐧𝐝, 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐛𝐚𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥) 𝐎𝐟𝐟𝐞𝐫𝐞𝐝 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:
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𝐆𝐞𝐭 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐭𝐢𝐦𝐞 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐚𝐧𝐝 𝐚𝐧𝐝 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞 𝐭𝐢𝐦𝐞
𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :
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