Ragweed Pollen Allergy Treatment Market Size is Expected to Reach USD 341.08 Million at a CAGR of 21.10% by 2028 | Japan Tobacco Inc, GlaxoSmithKline plc, REGiMMUNE Co, Ltd, Sanofi,

The global ragweed pollen allergy treatment market is estimated at $836.9 million in 2020 and is expected to show a CAGR of 4.6% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

Increase in research and development, clinical trials, and product launches is supporting the growth of the global ragweed pollen allergy treatment market. Moreover, major players are highly focused on gaining approvals and strategic licensing deals of new therapies are further driving the growth of the market.

For example, in April 2014, the US FDA approved Merck’s “Timothy Grass Pollen Allergen Extract” sublingual tablet as an immunotherapy for the treatment of pollen-induced allergic rhinitis with or without conjunctivitis in children aged 5 years and older. and adults up to 65 years old. . The tablet is a new option for patients unable to take allergy shots.

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For example, in January 2018, a Viennese company, Biomay AG, entered into a collaboration agreement with MedUni Vienna to advance BM32 into phase III trials. The BM32 vaccine has shown positive results in clinical symptoms of seasonal ragweed/grass pollen allergy in phase II trials. Although statistical significance was not reached with respect to the primary endpoint, subjects treated with BM32 showed improvement with respect to visual analogue scale, symptom medication, symptom scores asthma and the rhinoconjunctivitis quality of life questionnaire. The vaccine is now expected to be approved in 2021.

Global Ragweed Pollen Allergy Treatment Market – Impact Analysis of COVID-19

The COVID-19 outbreak has negatively impacted the ragweed pollen allergy treatment market. It has become difficult for researchers to conduct research during this COVID-19 pandemic. People who are allergic to ragweed pollen are confused with symptoms of COVID-19 because the symptoms associated with the two conditions are similar. Thus, the overall market is estimated to observe optimistic growth during the COVID-19 pandemic.

Major players are increasing funding for research and development of new treatment, which again propels the growth of the global ragweed pollen allergy treatment market. Additionally, allergy drug approvals by various regulatory authorities and market consolidation are further driving the market growth. For example, in October 2017, Stallergenes Greer was acquired by Medic Savor Ltd. to strengthen its global presence in the pollen allergy industry in Canada.

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Key Points of the Global Ragweed Pollen Allergy Treatment Market:

  • Global Ragweed Pollen Allergy Treatment Market Expected to See a CAGR of 61% over the forecast period (2020-2027) due to increasing funding for research and development of new therapies. For example, in July 2019, a clinical-stage biopharmaceutical company, ASIT Biotech, confirmed that the ASIT+ Phase III clinical study in the prevention of ragweed/grass pollen rhinitis continues its research transformation in advanced stage of clinical development.
  • Key players operating in Ragweed Pollen Allergy Treatment market are ALK-Abello A/S, ASIT Biotech SA, Anergis SA, Biomay AG and Astellas Pharma Inc., Thermo Fisher Scientific Inc, Siemens Healthcare Private Limited, Omega Diagnostics Group PLC, Stallergenes Greer, bioMérieux SA, Lincoln Diagnostics, Inc, HOB Biotech Group Corp Ltd, HYCOR Biomedical, Inc, Alcon, Hitachi Chemical Diagnostics, Inc, Quest Diagnostics Incorporated, Circassia, Immunomic Therapeutics, Inc, Novartis AG, Japan Tobacco Inc, GlaxoSmithKline plc, REGiMMUNE Co, Ltd, Sanofi and Merck KGaA.

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Contents

  1. Research objectives and hypotheses
    • Research objectives
    • Hypotheses
    • Abbreviations
  2. Market overview
    • Description of the report
      • Market definition and scope
    • Summary
      • Market Extract, by Drug Class
      • Market extract, by distribution channel
      • Market extract, by region
    • Consistent Opportunity Map (COM)
  3. Market dynamics, regulation and trend analysis
    • Market dynamics
      • Drivers
      • Constraints
      • Market opportunities
    • Impact analysis
    • Technological Advances in the Treatment of Ragweed Pollen Allergy
    • Need treatment for ragweed pollen allergy
    • Recommendations and guidelines from regulatory bodies
    • Key developments
    • Acquisition, Collaborations & Partnerships
    • Epidemiology
    • PEST analysis
  4. Global Ragweed Pollen Allergy Treatment Market, Impact of the Coronavirus (Covid-19) Pandemic
  5. Global Ragweed Pollen Allergy Treatment Market, by Drug Class, 2016-2027, (USD Million)
    • Introduction
      • Market share analysis, 2020 and 2027 (%)
      • Annual Growth Analysis, 2017 – 2027
      • Industry trends
    • Antihistamines
      • Introduction
      • Market size & forecast and annual growth, 2016-2027, (USD Million)
    • Decongestants
      • Introduction
      • Market size & forecast and annual growth, 2016-2027, (USD Million)
    • Nasal corticosteroids
      • Introduction
      • Market size, forecast, and annual growth, 2016-2027, (USD Million)
    • Others
      • Introduction
      • Market size & forecast and annual growth, 2016-2027, (USD Million)
  6. Global Ragweed Pollen Allergy Treatment Market, by Distribution Channel, 2016-2027, (USD Million)
    • Introduction
      • Market share analysis, 2020 and 2027 (%)
      • Annual Growth Analysis, 2017 – 2027
      • Industry trends
    • Hospital pharmacy
      • Introduction
      • Market size & forecast and annual growth, 2016-2027, (USD Million)
    • Retail pharmacy
      • Introduction
      • Market size, forecast, and annual growth, 2016-2027, (USD Million)
    • online channel
      • Introduction
      • Market size & forecast and annual growth, 2016-2027, (USD Million)

See press release: https://www.coherentmarketinsights.com/press-release/ragweed-pollen-allergy-treatment-market-3315

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