Allergy Treatment Market to be dominated by Rhinitis allergy through 2027
Increasing
prevalence of various allergies is expected to drive the growth of global
allergy treatment market in the forecast period, 2023-2027.
According to
TechSci Research report, “Allergy
Treatment Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global allergy treatment market is anticipated to grow at a steady rate
in the forecast period, 2023-2027. This can be ascribed to the increasing
burden of different types of allergies. Additionally, increasing investments by
manufacturers for the development of novel allergic treatments is expected to
support the market growth during the forecast period. Besides, growing
importance for self-medication has further increased the demand for different allergy
treatments.
However, increasing popularity of
biosimilars can slow down the growth of global allergy treatment markets. Also,
the side effects caused due to different anti-allergic treatments can further
hamper the growth of global allergy treatment market during the forecast
period.
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TOC on "Allergy Treatment Market"
The global allergy treatment market can be segmented by type, by treatment, by route of
administration, by distribution channel and by region.
Based on type, the global allergy
treatment market can be segmented into eye allergy, food allergy, skin allergy, asthma, rhinitis, and others. The Rhinitis segment is
expected to dominate the market during the forecast period. This can be
attributed to growing prevalence of rhinitis worldwide.
In terms of treatment, the global
allergy treatment market can be split into anti-allergy medications and
immunotherapy. The anti-allergy medications segment dominated the market in
2021 and is expected to continue maintaining its dominance during the forecast
period on account of the different benefits associated with anti-allergy
medications such as low cost, convenience of self-administration, among others.
Major
companies operating in global allergy
treatment market are:
- Johnson & Johnson
- Sanofi SA
- GlaxoSmithKline plc.
- F. Hoffmann-La Roche AG
- Leti Pharma GmbH
- AbbVie Inc.
- Alembic Pharmaceuticals
Limited
- Bausch Health Companies
Inc.
- Novartis AG
- ALK-Abello AS
The companies operating
in the market are conducting research and developing new products. The
companies are conducting clinical trials, filling patents, and bringing new
products for the treatment of different allergies in the market. This is not
only leading to the development of novel products but also helping these
companies improve their market positioning.
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“The North America is expected to register the highest growth in the
global allergy treatment market on account of growing prevalence of different
forms of allergies in the region especially food allergies and asthma.
Additionally, there are numerous drugs under development in the region,
especially in the United States for the treatment of different allergies.
Besides, presence of key market players developing different allergy treatments
in the region is further expected to create lucrative opportunities for the
market growth” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Allergy Treatment Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2017-2027 Segmented By Type (Eye Allergy, Food Allergy, Skin
Allergy, Asthma, Rhinitis, Others), By Treatment (Anti-Allergy Medications v/s
Immunotherapy), By Route of administration (Oral, Inhalers, Intranasal, Others), By Distribution
channel (Hospital
Pharmacies, Retail Pharmacies, Online Pharmacies) and By Region”, has evaluated the future growth potential of global allergy treatment 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 treatment market.
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