Allergy Treatment Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC217

Heightened sensitivity of the immune system in the body is an allergy. Allergy generally occurs when any harmless foreign substances reacts with the immune system of the body. These harmless foreign substances are known as allergens. Various types of allergens that normally affect the immune system include dust mite, cockroach, animal dander, mold and pollens. As per the World Allergy Organization, approximately 30% to 40% population across the globe was affected by allergic conditions in 2011. Severe allergy such as allergic asthma can reduce the working function of an organ and can be life threatening problem in case of some patients. The rising problem of allergy across the globe is anticipated to create a better opportunity for the allergy treatment market during the forecast period.
For the purpose of in-depth research, the global allergy treatment market can be categorized on the basis of allergy type, treatment type, end user and geography. Various types of allergy problems include eye allergy, rhinitis, asthma and skin allergy among others. On the basis of treatment type, the market can be categorized into anti-allergy medicine and immunotherapy. The anti-allergy medicine can be further bifurcated into antihistamines, corticosteroids, decongestants, mast cell stabilizers and others. The others segment include leukotriene, calcineurin, cromoglicate and anti-lgE. Different categories of allergy treatment methods are used across various end user segments such as hospitals, clinics, medical store, home and others. Based on different geographies, the market is classified into Asia-Pacific, North America, Europe, Middle-East and Africa (MEA) and Latin America. 
Globally, increasing number of population suffering from various types of allergies is the prime aspect forecasted to enhance the demand for various allergy treatment processes during the forecast period. Moreover, increasing environmental pollution is attributing to the growth of allergy problems across various regions. This, in turn, is anticipated to accelerate the growth of allergy treatment process in the coming years. In addition, change in food habits, increasing demand for advanced allergy treatment therapy and rising investment in research and development activities to introduce advance treatment into the market are some of the major factors expected to drive the market for allergy treatment at an exponential rate in the coming years. On the other hand, huge cost required in immunotherapy for treatment of allergy along with various side effects associated with immunotherapy and anti-allergy medicine are some of the major factors anticipated to deter the growth of allergy treatment market during the forecast period. 
Geographically, Europe held the largest market share in terms of revenue in respect of allergy treatment market. Rising number of patients affected with different type of allergies such as respiratory allergy, eye allergy and skin allergy among others coupled with rapid development of healthcare infrastructure along with increasing demand for immunotherapy are the primary factors responsible behind this region’s dominance. The allergy treatment market of Europe is followed by North America. However, Asia-Pacific region is expected to emerge as a promising market in coming years owing to rising awareness towards technologically advanced immunotherapy treatment in line up with rising disposable income and increasing health consciousness among the consumers. Furthermore, increasing investment from governments for rapid development of health care sector in this region is also predicted to drive the market for allergy treatment in Asia-Pacific.
Increasing alliances among the key players operating in the allergy treatment market is another major factor augmenting the growth of allergy treatment market across the globe. Allergy Therapeutics, a leading pharmaceutical company in the U.K, acquired a Spanish company named Alerpharma S.A. in 2015 in order to expand their immunotherapy product portfolio. In the same year, Pfizer Inc. and Allergan plc merged for expanding their market share in the drug industry. Some of the key players operating in the allergy treatment market include, Allergy Therapeutics, Alerpharma S.A, Genentech Inc., Allergopharma GmbH & Co. KG and McNeil Consumer Healthcare among others.

Related Reports

Smart Drug Delivery Drones Market (By Application- Acute Care, Blood bank Transferring, Vaccination Programs, Drug/Pharmaceutical Transferring; Market By End-User- Government Organizations, Blood Banks, Emergency Medical Services)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction During last few years there is a significant increase in the development of the drone technology. Drone technology has immerged as one of the most promising technology in case of medical emergency. Drug delivery drones are majorly used in transport...

Magnetic Nanoparticles Market (By Product- Iron Oxide Nanoparticles And Magnetic Microspheres; Market By Application- Electronic, Optics, Chemical Industry, Medical Industry)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction The nanoparticles are the particles that consists of al least one dimension I a nano scale.  They differ from the properties of their own macro scale properties. Magnetic particles are the particles whose properties can be deployed on the expo...

Flash Glucose Monitoring Market (By Application- Type 1-diabetes and Type 2- diabetes, Market By End Users- Hospital, Clinics, Academic & Research Institutes)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Flash glucose monitoring is sensor technology which is majorly used in monitoring the glucose level trend of diabetes. This technology enables to test the blood sugar levels without pricking the finger. This technology is currently available in the...

Dual-Source CT Scanner Market (By Application- Head, Lung, Angiography, Cardiac, Abdominal & Pelvic, And Extremities, Market By End Users- Hospital, Clinics)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Dual-source Computed Tomography (CT) scanner a developed form of CT scanner, which use two separate X-ray spectra to enhance material differentiation and tissue characterization. It is designed to produce a diagnostic image of a patient’s bea...

Surgical Visualization System Market By Product – High End Visualization System, Middle End Visualization System, And Low End Visualization System, Market By End-User– Hospitals, Ambulatory Surgery Centers, Specialty Clinics, Diagnostic Imaging Centers - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Surgical Visualization Systems are mainly designed for operating rooms and minimally invasive suits which helps surgeons to see more, know more, and ultimately do more for their patients. The ultra high level of brightness overcomes reflection and ...

Cart Summary

Special Pricing & Discounts