The Insight Partners published latest research report on “Allergy Treatment Market Size Report, Share, Trends, Growth & Demand Forecast to 2028 - COVID-19 Impact and Global Analysis By Allergy Type and Treatment”, the global market share is projected to reach USD 35,812.33 million by 2028 from USD 21,160.92 million in 2020; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
The Insight Partners published latest research report on “Allergy Treatment Market Size Report, Share, Trends, Growth & Demand Forecast to 2028 - COVID-19 Impact and Global Analysis By Allergy Type and Treatment”, the global market share is projected to reach USD 35,812.33 million by 2028 from USD 21,160.92 million in 2020; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
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Growth Strategies by the Key Players Operating in the Allergy Treatment Market:
2020 - GSK Consumer Healthcare launched Otrivin Breathe clean, a saline wash with the moisturizing benefit of natural glycerin. The daily usage of the nasal spray washes out the allergens, pollutants, and debris that are trapped in the nasal passage, helping in the removal of allergy symptoms and thus maintaining nasal hygiene.
2019 - Speciality allergy-focussed pharmaceutical company Allergy Therapeutics announced that an ex-vivo biomarker study of blood samples from peanut allergy patients had started at Imperial College London. The study aimed to evaluate its novel virus-like particle (VLP) based peanut allergy vaccine candidate, to confirm its hypoallergenic potential and its potent immune response.
2019 - ALK has announced a partnership with China’s Rellergen Biotech Inc., which grants ALK exclusive promotional rights to market Rellergen’s Bio-IC microfluidic allergen diagnosis technology to more than 190 hospitals across China.
The allergy treatment market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the allergy treatment market are present globally and have wide distribution and sales network through partnerships or authorized dealers.
Market leaders are involved in extensive research for the development of new allergy treatment with better efficiency and treatment outcomes. For instance, in September 2020, Biotechnology company Allergy Therapeutics announced investment in virus-like particle (VLP) technology for applications beyond the allergy immunotherapy field. It has entered into an exclusive licence agreement with Saiba and DeepVax to use their patented VLP technology platform, to develop and commercialise vaccines targeting solid cancer tumours, atopic dermatitis, asthma, and psoriasis.
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Global Allergy Treatment Market Share Report, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 21,160.92 million in 2020 |
| Market Size Value by | USD 35,812.33 million by 2028 |
| Growth rate | CAGR of 6.9% from 2021 to 2028. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 191 |
| No. of Tables | 117 |
| No. of Charts & Figures | 77 |
| Historical data available | Yes |
| Segments covered | Allergy Type and Treatment |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Companies Covered | Johnson and Johnson Services, Inc., Sanofi, AbbVie Inc. (Allergan plc), Pfizer Inc., LETIPharma, ALK-Abelló A/S, Allergy Therapeutics, Stallergenes Greer, GlaxoSmithKline plc, Dermapharm Holding |
| Key Research Capabilities | Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development |
Browse key market insights spread across 191 pages with 117 list of tables & 77 list of figures from the report, “Allergy Treatment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Allergy Type (Eye Allergies, Rhinitis, Asthma, Skin Allergies, Food Allergies, and Other Allergies) and Treatment (Anti-Allergy Drugs and Immunotherapies)” in detail along with the table of contents: https://www.theinsightpartners.com/reports/allergy-treatment-market
The COVID-19 pandemic is estimated to have a significant positive impact on the allergy treatment market. Majority of the pharmaceutical companies across the world are engaged in the development of vaccines for COVID-19. Moreover, allergy and asthma exacerbations are frequently triggered by viral infections, including coronaviruses. Thus, telehealth can be central in delivering allergy/immunology services within a risk-stratified context of the SARS-CoV-2 pandemic which is anticipated to have a positive impact on the other segments of the market in the coming months. However, disruptions in the supply chain caused due to the halt in global operations are hindering the market growth.
Immunotherapy is offered in two different types—allergy shots and sublingual immunotherapy (SLIT). Allergy shots are the extracts of allergens that are administered with increasing dosage; they are effective for allergies caused by asthma, pets, dust, pollen, bees, and other stinging insects. Generally, SLIT tablets are administered daily by keeping them under the tongue; this type is an effective treatment option for nasal allergies and asthma. The administration of repetitive dosage of allergen makes patients less sensitive to that allergen, thus providing relief from allergic symptoms. Immunotherapy has shown positive and long-term benefits in allergic patients. Moreover, it is suitable for self-administration and medicine usage in homecare settings. Therefore, immunotherapy has emerged as a safe and effective alternative subcutaneous route for both chronic and recurrent allergies.
Various studies have shown that immunotherapy reduces allergic symptoms by 60–65% among the patients who have completed their dosages of allergen. According to a study published in Annals of Allergy, Asthma and Immunology Journal in February 2016, ~70% of allergy patients do not need medications for their allergic reactions. The study also stated that immunotherapy is effective among children as well as elderly population. Thus, the increasing adoption of immunotherapy in the treatment of allergies is fuelling the allergy treatment market growth.
Based on allergy type, the allergy treatment market is segmented into eye allergy, rhinitis, asthma, skin allergy, food allergies, and other allergies. In 2020, the rhinitis segment held the largest share in the market, and it is expected continue to be the largest shareholder in the market by 2028. With the significantly growing prevalence of rhinitis, probably due to frequent climatic and environmental changes, the demand for treatment groups such as decongestants, antihistamines, and topical/oral steroids is also increasing worldwide.
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