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Allergy Treatment Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21535

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Published on

November 2021

Total pages

268

Table of Content

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About the Report

About the Report

An allergic reaction is the natural response of the body towards the harmful substance known as allergens. These allergens are generally present in the environment such as grass pollen, dust mite, mold, egg, soy, wheat, milk, etc. Exposure to these allergens can lead to several allergic disease conditions such as Eye Allergy, Skin Allergy, Food Allergy, Asthma, Rhinitis, and Others. The main symptoms of allergic reactions include sneezing, teary eyes, congestion, itching in the nose, throat, roof of mouth, eyes, and others. Also, the allergies due to several foods such as milk, soy, eggs, wheat, peanuts, tree nuts, fish, and shellfish can lead to symptoms like diarrhea, vomiting, and respiratory symptoms. The most common triggers for anaphylaxis, a life-threatening reaction, are food, medicines, and insect stings. Also, medicines lead to the most allergy-related deaths all over the world. According to the SingleCare survey in 2021, 7% of participants report an allergy to aspirin, ibuprofen, and other NSAIDs.
The demand for the allergy treatment market is burgeoning on account of the rise in the prevalence of allergic diseases and the surge in self-medication in consumers. Also, the high preference towards over-the-counter drugs for allergy treatment intensifies the market growth. These OTC drugs are cheaper and more accessible to many patients, which directly increases the procurement of these drugs. According to the AAFA food allergies affected around 32 million people in the United States in 2019. In addition, the rise in R&D initiatives, high awareness amongst healthcare professionals, and patients regarding the immunotherapy option for allergy treatment also drives the market growth. However, some of the restraints in the market are the increase in the use of biosimilars, and safety & efficacy concerns.
Based on Type, the market is fragmented into Eye Allergy, Skin Allergy, Food Allergy, Asthma, Rhinitis, and Others. The Rhinitis segment dominated the market in 2020 and is expected to grow at lucrative growth owing to the rising prevalence of allergic rhinitis all over the world. Globally, 339 million are suffering from asthma, 200 to 250 million have a food allergy and 400 million have rhinitis. This drastic increase in the prevalence of allergic respiratory diseases like rhinosinusitis and bronchial asthma is due to environmental changes, industrialization, and immunologic interactions. Allergic rhinitis (hay fever) affects between 10 and 30 percent of all adults in the U.S. and as many as 40 percent of children. There are over 60 million people in the U.S. that are suffering from allergic rhinitis, and the number is continuously increasing.
Based on Distribution Channels, the market is fragmented into Hospital Pharmacies, Retail Pharmacies, Online Retailers, and Others The Hospital Pharmacies segment dominated the market in 2020 owing to the surging number of hospitals and infectious diseases worldwide.
Based on Treatment Type, the market is fragmented into Anti-Allergy Drugs and Immunotherapy. The Anti-Allergy Drugs segment dominated the market in 2020 and is expected to grow at lucrative growth during the forecasted period owing to the convenience of self-administration, compactness, and easy manufacturing of oral dosage forms. Anti-Allergy Drugs include an antihistamine (brompheniramine and cetirizine), corticosteroids (dexamethasone), mast cell stabilizers (cromolyn), decongestants (phenylephrine), and other medicine (Anti-IgE, Leukotriene). The introduction of newer forms of immunotherapy i.e., 'sublingual immunotherapy' also intensifies the segment growth. For instance, in April 2017, the U.S FDA approved a house dust mite sublingual immunotherapy tablet for the treatment of house dust mite-induced allergic rhinitis in adults. Moreover, the rise in the patient pool suffering from different types of allergies is a major factor driving the market.
Based on Dosage Form, the market is fragmented into Oral, Inhalers, Intranasal, and Others. The Oral segment dominated the market in 2020 and is expected to grow at lucrative growth during the forecasted period. Anti-allergy oral drugs have the advantage of self-usage and easier manufacturing processes which aids in the segment growth. The use of antihistamines for chronic allergies and corticosteroids like prednisolone which can be taken orally intensifies the segment growth. Increasing R&D in allergies and their treatment is expected to boost the growth of the market. For instance, in November 2019, research conducted by the Center for Allergy and Asthma Research at Stanford University and funded by AnaptysBio, Inc. found that a single dose of etokimab could have the potential to desensitize peanut-allergic participants and possibly reduce atopy-related adverse events.
For a better understanding of the market adoption of Allergy Treatment, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America is expected to dominate the Allergy Treatment market on account of a considerable rise in various types of allergies like eye allergy, respiratory allergy, and skin allergy. Moreover, the existence of advanced healthcare infrastructure and the increased need for immunotherapy for the treatment of allergies in the region is expected to propel the growth of the market.
Some of the major players operating in the market include BioMerieux, Danaher Corporation, GlaxoSmithKline plc, Hitachi Chemical Diagnostics, Inc., Merck & Co., Inc., Omega Diagnostics Group PLC, Siemens Healthcare, Thermo Fisher Scientific, Inc., Genetech Inc., and Allergan Plc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

BioMerieux, Danaher Corporation, GlaxoSmithKline plc, Hitachi Chemical Diagnostics, Inc., Merck & Co., Inc., Omega Diagnostics Group PLC, Siemens Healthcare, Thermo Fisher Scientific, Inc., Genetech Inc., and Allergan Plc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Allergy Treatment Market

2.2. Research Methodology of the Allergy Treatment Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Allergy Treatment Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ALLERGY TREATMENT MARKET COVID-19 IMPACT

6 GLOBAL ALLERGY TREATMENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. Eye Allergy

7.2. Skin Allergy

7.3. Food Allergy

7.4. Asthma

7.5. Rhinitis

7.6. Others

8 MARKET INSIGHTS BY DISTRIBUTION CHANNELS

8.1. Hospital Pharmacies

8.2. Retail Pharmacies

8.3. Online Retailers

8.4. Others

9 MARKET INSIGHTS BY TREATMENT TYPE

9.1. Anti-Allergy Drugs

9.2. Immunotherapy

10 MARKET INSIGHTS BY DOSAGE FORM

10.1. Oral

10.2. Inhalers

10.3. Intranasal

10.4. Others

11 MARKET INSIGHTS BY REGION

11.1. North America Allergy Treatment Market

11.1.1. United States

11.1.2. Canada

11.1.3. Rest of North America

11.2. Europe Allergy Treatment Market

11.2.1. Germany

11.2.2. U.K.

11.2.3. France

11.2.4. Spain

11.2.5. Rest of Europe

11.3. Asia Pacific Allergy Treatment Market

11.3.1. China

11.3.2. Japan

11.3.3. India

11.3.4. Australia

11.3.5. Rest of Asia Pacific

11.4. Rest of World Allergy Treatment Market

12 ALLERGY TREATMENT MARKET DYNAMICS

12.1. Market Drivers

12.2. Market Challenges

12.3. Impact Analysis

13 ALLERGY TREATMENT MARKET OPPORTUNITIES

14 ALLERGY TREATMENT MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1. Demand Side Analysis

16.2. Supply Side Analysis

16.2.1. Top Product Launches

16.2.2. Top Business Partnerships

16.2.3. Top Business Expansions, Investments and Divestitures

16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1. Competitive Landscape

18.1.1. Company Shares, By Revenue

19 COMPANY PROFILED

19.1. BioMerieux

19.2. Danaher Corporation

19.3. GlaxoSmithKline plc

19.4. Hitachi Chemical Diagnostics, Inc.

19.5. Merck & Co., Inc.

19.6. Omega Diagnostics Group PLC

19.7. Siemens Healthcare

19.8. Thermo Fisher Scientific, Inc.

19.9. Genetech Inc.

19.10. Allergan Plc.

20 DISCLAIMER

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