Allergy Treatment Market Size Qualitative Insights on Application and Outlook by Share, Future Growth 2026
The allergy treatment market was valued at $24.65 billion in 2017 and is expected to reach $40.36 billion by 2025.
PORTLAND, OREGON, USA, Sept. 29, 2022 /EINPresswire.com/ — The Allergy Treatment Market report provides in-depth analysis of market dynamics including drivers and restraints, key winning strategies, market size and projections, competitive landscape and major segments. Increased prevalence of allergens and high tobacco consumption that can induce several allergies is driving the growth of the global allergy treatment market. However, patent expirations, generic drug competition, and availability of alternative and complementary therapies are hampering the market growth. On the contrary, increased patient awareness of food allergies is expected to create lucrative opportunities for market players over the coming years.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Global Allergy Treatment Market report includes various market leading companies such as GlaxoSmithKline, Allergopharma, Allergan, Inc., Schering-Plough Corporation, Collegium Pharmaceutical, Inc., Allergy therapy, Allergon, Genentech Inc., McNeil Consumer Healthcare and Meda. Pharmaceuticals, Inc. Market players have adopted several strategies including partnerships, collaboration, mergers and acquisitions, and new product launches to maintain their market leadership.
The food allergy segment is expected to grow at the fastest CAGR of 8.3% during the forecast period, owing to the increased patient awareness of food allergies. However, the increased prevalence of allergic rhinitis across the globe helped the rhinitis segment to acquire the largest market share in 2017 accounting for around 40% of the total market share. Other segments analyzed in the report include asthma, skin allergy, food allergy and others.
In 2017, the anti-allergy segment garnered around 89% market share, owing to the growing inclination towards over-the-counter (OTC) drugs for the treatment of allergic diseases. Furthermore, the segment is expected to continue its dominance in the market. However, the immunotherapy treatment segment is expected to register the fastest CAGR of 8.5% during the forecast period, owing to the growing awareness among healthcare professionals on the use of immunotherapy for the treatment allergies.
The global allergy treatment market report includes several major distribution channels such as hospital pharmacies, retail pharmacies, and online pharmacies. In 2017, the retail pharmacy segment garnered about half of the total market share and is expected to maintain its dominance throughout the market period. However, the online pharmacy segment would show the fastest CAGR of 7.9% from 2018 to 2025, owing to increased internet penetration and increased sales of drugs to treat allergic reactions through of online retailers. Moreover, the hospital pharmacy segment would witness a gradual growth in the region.
North America contributed about one-third of the total market revenue in 2017. It is estimated to dominate the market throughout the forecast period, due to well-established healthcare infrastructure and increasing the adoption of immunotherapy solutions to treat allergic diseases. However, the Asia-Pacific region would exhibit the fastest CAGR of 7.5% until 2025, due to the increasing prevalence of various allergic diseases such as asthma and rhinitis in the region. Other regions analyzed in the report are Europe and Latin America, Middle East and Africa (LAMEA).
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
Mechanical Ventilators Market
𝐀𝐕𝐄𝐍𝐔𝐄- 𝐀 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐋𝐢𝐛𝐫𝐚𝐫𝐲 𝐋𝐢𝐛𝐫𝐚𝐫𝐲 (𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐨𝐧-𝐝𝐞𝐦𝐚𝐧𝐝, 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐛𝐚𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥) 𝐎𝐟𝐟𝐞𝐫𝐞𝐝 𝐛𝐲 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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