Uploaded on Aug 6, 2021
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. Download PDF Brochure https://www.theinsightpartners.com/sample/TIPRE00004584/ 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 Thank You! Thank You!
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