Press release
10.85% of CAGR Allergy Immunotherapy Market by 2023 with Topmost Player - Circassia (UK), DBV Technologies (France), Stallergenes Greer (UK), Merck KGaA
The Global Allergy Immunotherapy Market was around USD 2,100.0 million in 2016 and is expected to reach USD 4,324.7 million by 2023 which is a projected CAGR of 10.85%Allergy Immunotherapy (AIT), also known as desensitization, is the only treatment therapy which targets the cause of allergy. According to the World Allergy Organization (WAO), approximately 10%-40% of the global population is suffering from allergy in 2013.
Increasing number of patient pool suffering from allergy has spurred the growth of the market. Increasing awareness of the treatment, technological advancement, rapid adoption and increasing demand from emerging economies are driving the growth for the market. Some other factors like rising prevalence of various chronic diseases like allergy, asthma, diabetes and hypertension are driving the market growth. Growing research & development, clinical trials, and new approvals are leading the market growth. Companies are collaborating with hospitals and independent research centers to develop new treatments that is another major driver for the market.
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Rapid adoption of Allergy Immunotherapy treatments by medical professionals as well as patients, technological advancements, increasing knowledge of benefits of the treatments, and increasing success rate are important factors for the growth of global Allergy Immunotherapy market. The market for Allergy Immunotherapy in emerging markets of Asia and Latin America is flourishing and demand for various Allergy Immunotherapy treatments is expected to rise in near future. The countries like China is showing rapid growth in Asia Pacific region. Companies are investing large amount of money for business expansion in this region due to its high potential market growth. Technological advancement is also playing important role in this market by providing effective diagnostic and treatment options that leading to high success rate of Allergy Immunotherapy treatments. Changing healthcare practices, increasing healthcare expenditure and extended insurance cover are creating path for the growth of this market.
Competitive Analysis:
The global market consist of players such as ALK Abello A/S (Denmark), Allergy Therapeutics (UK), Circassia (UK), DBV Technologies (France), Stallergenes Greer (UK), Merck KGaA (Allergopharma) (Germany), and HAL Allergy Group (Netherlands) are some of the prominent players at the forefront of competition in the global allergy immunotherapy market and are profiled in MRFR Analysis report.
Segmentation:
Global Allergy Immunotherapy Market has been segmented on the basis of allergy type which comprise allergic rhinitis, allergic asthma, peanut allergy, cat allergy, and other allergies.
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On the basis of treatment, it is segmented into facial line correction treatment, Subcutaneous Immunotherapy (SCIT), Sublingual Immunotherapy, Specific Immunotherapy (SIT). Sublingual Immunotherapy is further sub-segmented into sublingual immunotherapy drops, and sublingual immunotherapy tablets.
Brief TOC
1 Report Prologue
2 Introduction
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.3.1 Assumptions
2.3.2 Limitations
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Market Size Estimation
3.2.1 Market Share Analysis
3.3 Market Pricing Approach
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Macroeconomic Indicators
5 Market Factor Analysis
…TOC Continued
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