Dust mite allergy treatment market size to reach $5.2 billion by 2031 growing at a CAGR of 13.4%
The Dust Mite Allergy Treatment Market report provides a quantitative analysis of market segments, current trends, estimates, and dynamics.
PORTLAND, OREGON, USA, Sept. 25, 2022 /EINPresswire.com/ — Dust mite allergy treatment market size was valued at $1.5 billion in 2021 and is expected to reach $5.2 billion by by 2031, with a CAGR of 13.4% from 2022 to 2031. Dust mite allergy is an allergic reaction caused by house dust mites present in the home environment. House dust mites can survive in any climatic condition due to their adaptive nature. People with asthma and rhinitis may experience worsening symptoms when exposed to dust mites. House dust mite allergy can be identified by doctors after a physical exam. The skin and blood test called skin prick test and the specific IgE blood test are diagnostic tests for dust mite allergy.
Factors driving the growth of the global house dust mite allergy treatment market share include increasing prevalence of house dust allergy, advancements in R&D activities in the pharmaceutical industry, and the increased demand for antihistamines. Additionally, increasing prevalence of respiratory diseases such as asthma and allergic rhinitis is contributing to the growth of dust mite allergy treatment market. Allergic diseases are ranked as the sixth most common cause of chronic diseases in the United States, which is likely to increase the demand for house dust mite allergy products, thereby driving house dust mite allergy treatment market trends .
Additionally, market players are focused on manufacturing different dust mite allergy products. For example, in May 2021, Glenmark, a pharmaceutical company, announced the launch of Ryaltris AZ, which is a nasal spray used to relieve symptoms of allergic rhinitis. Allergic rhinitis is caused by exposure to allergens such as dust mites. Additionally, increasing adolescent and younger population that is more prone to dust mite allergy and increasing need for various antihistamine drugs is accelerating the growth of the market. According to the Journal of Current Allergy and Asthma Reports, in 2020 it was observed that both adults and children are more susceptible to dust mite allergy.
Additionally, increasing disposable income and developing pharmaceutical sector for manufacturing anti-allergy drugs is expected to drive the growth of house dust mite allergy market. Additionally, the increase in clinical studies on various types of products to assess their safety and efficacy is propelling the growth of the market.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
• By treatment, the other segment was the largest contributor to the market in 2021.
• On the basis of type, prescription drugs segment dominated the market in 2021.
• Based on the route of administration, the oral medications segment showed the highest growth in 2021 and is expected to continue this trend during the forecast period.
• By distribution channel, hospital pharmacy was the predominant segment in 2021.
• Regionally, North America generated the largest revenue share in 2021, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
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𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 :
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