Uploaded on Jul 23, 2021
The allergy treatment market was valued at US$ 21,160.92 million in 2020 and is projected to reach US$ 35,812.33 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.
Allergy Treatment Market
Allergy Treatment Market
Allergy Treatment Market Forecast to 2028
- COVID-19 Impact and Global Analysis By
Allergy Type (Eye Allergy, Rhinitis, Asthma,
Skin Allergy, Food Allergies, and Other
Allergies); Treatment (Anti-Allergy Drugs,
and Immunotherapy), and Geography
Allergy Treatment Market
Current and future Market Scenario
The allergy treatment market was valued at US$ 21,160.92 million in 2020 and is projected to reach US$ 35,812.33
million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.
The allergies are hypersensitive responses from human immune system to the substance that are foreign to the body.
Dust mite, animal dander, cockroach, pollens, mold, food substances, and metal and element particles are among the
common allergens.
While allergies can disturb the normal functioning of organs, severe allergies can be life threatening; for example, asthma
leads to poor lung functioning.
Although the most effective method of gaining protection against allergies is to avoid being exposed to the known
allergens, medications such as steroids and antihistamines are available for treating them.
Key Findings
Market Insights
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.
Allergy Treatment Market
Market Segments
Treatment (Anti-Allergy Drugs, Geography (North America,
By Allergy Type (Eye Allergy, Rhinitis,
and Immunotherapy) Europe, Asia Pacific (APAC), Middle
Asthma, Skin Allergy, Food Allergies, East & Africa (MEA), South America
and Other Allergies) and Central America (SCAM))
Dominating Segments
Product Insights
Developments in Food Allergy Treatments Contribute Significantly to Market Growth
Allergy is a common medical condition among a large share of global population. It is one of the chronic health
conditions that may result in severe consequences. Food allergies are ubiquitous in North America and Europe.
The majority of people are allergic to garlic, wheat, peanuts, milk, fish, etc. According to estimations of the Center
for Biologics Evaluation and Research of the Food and Drug Administration (FDA), ~1 million children in the US are
allergic to peanuts, and one in five of these children is likely to surmount the respective allergy condition. In those
who don’t outgrowth this allergy, the small intake of peanuts is unpredictable and harmful, which may result in
severe reactions. Therefore, it becomes essential to develop treatment options for allergies to such common
foodstuff.
Developments in the pharmaceuticals industry have enabled companies to offer treatment for peanut allergy
reactions.
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Dominating Segments
The report segments the global Allergy Treatments market as follows:
By Allergy Type
Eye Allergy
Rhinitis
Asthma
Skin Allergy
Food Allergies
Other Allergies
Dominating Segments
By Treatment
Anti-Allergy Drugs
Antihistamines
Corticosteroids
Decongestants
Other Drugs
Immunotherapy
Sub-cutaneous Immunotherapy (SCIT)
Sub-Lingual Immunotherapy (SLIT)
Allergy Treatment Market
Leading Players
Company Profiles in Allergy Treatment Market are:
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
REGIONAL FRAMEWORK
REGIONAL FRAMEWORK
Allergy Treatment Market
Access Full Research Report at:
https://www.theinsightpartners.com/reports/allergy-treatment-market
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