Allergy Care Market to Grow at 7.91% CAGR through 2029F
Growing incidence of food allergies and advancements
in diagnostic technologies is expected
to drive the Global Allergy Care Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Allergy Care
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2019-2029F”, the Global Allergy Care Market stood at USD
21.84 Billion in
2023 and is anticipated to project steady growth in the forecast period with a
CAGR of 7.91% through 2029. Pharmaceutical advancements have markedly improved allergy management, resulting in the creation of more effective medications. These breakthroughs provide superior symptom relief with fewer side effects, greatly improving the lives of those with allergies. The progression of contemporary antihistamines, corticosteroids, and leukotriene inhibitors marks a significant advancement in allergy treatment. New-generation antihistamines, such as cetirizine, loratadine, and fexofenadine, are engineered to more precisely target histamine receptors. These drugs effectively alleviate symptoms like itching, sneezing, and runny nose while avoiding the drowsiness typically associated with earlier antihistamines. Their enhanced safety profile and extended duration of action make them a popular choice among patients, boosting demand in the allergy treatment market.
Corticosteroids, available as nasal sprays, inhalers, and oral tablets, play a crucial role in allergy management. These medications function by reducing inflammation and suppressing the immune response responsible for allergic reactions. Modern corticosteroids, such as fluticasone and mometasone, provide potent anti-inflammatory effects with minimal systemic absorption, which reduces the risk of side effects. This makes them particularly effective for treating allergic rhinitis and asthma, offering long-term relief and enhancing daily life for patients.
Leukotriene inhibitors, including montelukast, have also become vital in managing allergies. These drugs prevent airway constriction and inflammation by blocking leukotrienes, the inflammatory chemicals released during allergic reactions. They are especially beneficial for individuals with asthma and allergic rhinitis, providing an additional treatment option for those who do not respond well to antihistamines or corticosteroids.
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The continuous advancement of these medications has not only improved symptom management but also increased the range of treatment options for healthcare providers. This expanded variety allows for more personalized and effective treatment plans tailored to each patient's specific needs. Consequently, the demand for pharmaceutical products in the allergy care market has significantly risen. Furthermore, immunotherapy is quickly becoming a preferred long-term treatment for allergies, having a considerable impact on the global allergy care market.
The Global Allergy Care Market is segmented into type,
treatment, distribution channel, regional distribution, and company.
Based on the Distribution Channel,
in 2023, the retail
pharmacies segment emerged as the dominant distribution channel in the Global
Allergy Care Market. Retail pharmacies play a crucial role in providing
over-the-counter (OTC) allergy medications, including antihistamines, nasal
sprays, eye drops, and topical creams. These medications are readily available
without a prescription, allowing patients to conveniently purchase them for
immediate relief of allergy symptoms. The ease of access to allergy medications
in retail pharmacies appeals to a broad consumer base, from individuals
experiencing seasonal allergies to those managing chronic allergic conditions.
Retail pharmacies often offer a wide selection of
allergy care products, allowing consumers to compare brands and formulations to
find the most suitable treatment. Pharmacists at retail outlets can provide
guidance and recommendations based on individual symptoms and preferences,
enhancing the overall patient experience. The shift towards self-care and the
increasing preference for convenience among consumers have bolstered the retail
pharmacies segment. Patients prefer the accessibility of retail pharmacies,
where they can obtain medications quickly and without the need for a doctor's
visit. The expansion of retail pharmacy chains and the
integration of online platforms for prescription refills and home delivery
further contribute to the segment's dominance in the allergy care market.
Based on region, After North America, Europe emerges
as the second dominating region in the Global Allergy Care Market in 2023.
Europe experiences significant levels of environmental allergens, such as
pollen, mold spores, and dust mites, which contribute to a high prevalence of
allergic diseases like allergic rhinitis and asthma among its population. These
environmental factors drive the demand for allergy diagnostics, medications,
and immunotherapy treatments.
Europe benefits from well-established healthcare
systems with advanced medical infrastructure and a strong emphasis on research
and development in allergy care. The region hosts leading pharmaceutical
companies and research institutions focused on developing innovative allergy
treatments and diagnostic tools. This investment in healthcare and research
supports the availability of effective allergy management solutions for
patients throughout Europe. Public awareness and healthcare education
initiatives in Europe play a crucial role in promoting early detection and
management of allergies. These efforts contribute to increased patient
awareness, healthcare provider training, and proactive measures to mitigate
allergic triggers, enhancing overall market growth and adoption of allergy care
solutions in the region.
Major companies operating in Global Allergy Care Market
are:
- ALK-Abelló
A/S
- AbbVie
Inc.
- Allergy
Therapeutics PLC
- Bausch
Health Companies Inc.
- Alembic
Pharmaceuticals Limited
- F.
Hoffmann-La Roche Ltd
- Nicox
SA
- GlaxoSmithKline
PLC
- Johnson
& Johnson
- LETI
Pharma, S.L.U
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“Greater awareness of allergic conditions and their impact on health has led to increased demand for allergy care products and services. Public awareness campaigns, supported by healthcare organizations and governments, are essential in educating people about the symptoms, triggers, and management of allergies. These efforts help individuals recognize allergic reactions early and emphasize the importance of seeking medical advice, thereby encouraging more people to pursue diagnosis and treatment. This increased awareness significantly expands the market for allergy care solutions as more individuals proactively manage their allergies. Rising global healthcare expenditure, particularly in developing regions, is another key driver of the allergy care market. Increased investments by governments and the private sector in healthcare infrastructure and services enhance access to allergy diagnostics and treatments. Improved healthcare facilities and services make advanced diagnostic tools and effective treatments more widely available, even in previously underserved areas. As healthcare systems strengthen and more people gain access to quality care, the demand for advanced allergy care solutions grows, driving market expansion. Enhanced healthcare funding ensures that innovative allergy care products and services reach a broader population, supporting continuous market growth.”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Allergy Care
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Eye Allergy, Rhinitis, Asthma, Skin Allergy, Food Allergies,
Other Allergies), By Treatment (Anti-Allergy Drugs, Immunotherapy), By
Distribution Channel (Hospital, Online Pharmacies, Retail Pharmacies, Others),
By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global
Allergy Care Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Allergy Care Market.
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