Allergy Immunotherapy Market: Current Trends & Opportunities by 2025
The global allergy immunotherapy market is expanding at a considerable pace due to high prevalence and rise in incidences of allergies across the globe. The global allergy immunotherapy market was valued at US$ 1.37 Bn in 2016 and is projected to expand at CAGR of 10.7% from 2017 to 2025 to exceed the US$ 3.33 Bn by 2025. Expansion of the global allergy immunotherapy market is attributed to the rise in awareness regarding allergy treatment, rapidly growing allergic population, and launch of new products.
Request Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35708
Allergy immunotherapy, also referred to as desensitization or hypo-sensitization, is a medical treatment targeted for different types of allergies. There is an increase in prevalence of allergy and pharmacotherapy alone is insufficient to control the disease. The allergy immunotherapeutic treatment helps increase immunological tolerance and alters the disease course. The desensitization therapy provides long-term effect, which extends past the conclusion of treatment. This therapy helps improve the quality of life of patients with allergies.
As per the World Allergy Organization (WAO), there has been a significant rise in prevalence of allergic diseases across the world in last 50 years. According to Summary Health Statistics for U.S. Adults: 2010 National Health Interview Survey, over 8% and 13% of adult people in the U.S. have hay fever and sinusitis, respectively. According to WAO, around 30% of the global population suffers from allergic rhinitis alone. Thereby, high prevalence and incidence rate of allergy across the globe are driving the global allergy immunotherapy market. Additionally, increase in awareness about allergy treatment and high clinical R&D budget by governments and non-profit organizations are projected to fuel the allergy immunotherapy market during the forecast period. Promising product pipeline creates opportunities for business development during the forecast period. Across the world, there are around 10 different drugs in phase-3 of the clinical pipeline studies for treating different allergy symptoms.
Read Report Overview: https://www.transparencymarketresearch.com/allergy-immunotherapy-market.html
The subcutaneous immunotherapy (SCIT), is extensively used and effective form of allergy immunotherapy. The SCIT treatment alters the immune system, thereby preventing the development of new allergies and asthma. Allergy tablets are a type of SLIT that treat certain allergies. These allergy tablets decrease the symptoms by helping the body build resistance to allergen effects. However, tablets can only treat a single type of allergen and do not avoid new allergies development and asthma. In 2014, the US Food and Drug administration (FDA) approved SLIT tablets to treat ragweed and grass pollen allergies.
The global allergy immunotherapy market is divided into four segments based on treatment type, allergy type, distribution channel, and geography. In terms of treatment type, the global allergy immunotherapy market is segmented into SCIT and SLIT. SCIT dominated the global allergy immunotherapy market in 2016, account for more than 65% share of the market. The segment is projected to expand at a moderate pace and gain market share during the forecast period.
Request Brochure of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=35708
In terms of allergy type, the global allergy immunotherapy market is classified into allergic rhinitis, asthma, food allergy, venom allergy, and others. The allergic rhinitis segment accounted for a leading share of the global market. The segment is projected to continue its dominance during the forecast period. The asthma segment accounted for a significant share of the market due to effectiveness of SCIT and SLIT in the treatment of allergic asthma. The other segment includes allergies such as latex allergy, pollen allergy, and mold allergy. Distribution channels include hospital pharmacies, retail pharmacies & drug stories, and online pharmacies. The hospital pharmacies segment dominated the global allergy immunotherapy market in 2016 and is likely to gain share by the end of 2025.
Geographically, the allergy immunotherapy market has been categorized into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe accounted for the largest share of the global allergy immunotherapy market in 2016, followed by North America. Europe accounts for a large share of the market due to high awareness, increase in funding for research and grants, favorable medical reimbursement policies, rise in allergic population, and promising clinical pipeline products. The region is a highly attractive market and is anticipated to expand at a significant CAGR during the forecast period. The allergy immunotherapy market in Asia Pacific is anticipated to expand at a moderate growth rate. Majority of the market share of allergy immunotherapy is captured by Japan and China in Asia-Pacific region, owing to the presence of huge allergic population in these countries.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=35708
The global allergy immunotherapy market is consolidated with some companies accounting for majority share. Leading players operating in the global allergy immunotherapy market include Stallergenes Greer, ALK-Abello A/S, Allergy Therapeutics, Merck KGaA (Allergopharma), and HAL Allergy Group. Manufacturers are adopting new SLIT therapies commercialization in the international market to tap the unmet needs of allergy immunotherapy. Other prominent players operating in the global market include Biomay AG, Anergis, Aimmune Therapeutics, Circassia and DBV Technologies.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Allergy Immunotherapy Market: Current Trends & Opportunities by 2025 here
News-ID: 1111706 • Views: 174
More Releases from TMR - Research Reports
Visualization and 3D Rendering Software Market: On-Premise Deployment Presently …
The global market for visualization and 3D rendering features a largely consolidated vendor landscape, with the leading three vendors accounting for a nearly 80% of the overall revenue generated in the market in 2016, observes Transparency Market Research in a recent report. These three vendors, namely Autodesk Inc., Dassault Systems, and NVIDIA Corporation, have strengthened their positions in the market with the help of cost competitive pricing, continuous introduction of
Digital Door Lock Systems Market: Enhanced Security Requirements to Propel the D …
According to a new market report published by Transparency Market Research titled “Digital Door Lock Systems Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global digital door lock systems market was valued at US$ 1,059.5 Mn in 2017 and is expected to expand at a CAGR of 30.25% from 2018 to 2026, reaching US$ 14,877.6 Mn by the end of the forecast period. digital door lock systems market
Transportation Management System Market: Advance Technologies in All the Sectors …
A transportation management system (TMS) refers to a subset of supply chain management and is centered mostly on logistics and transportation. The augmented use of cloud computing technologies for managing supply chain activities is one of the significant and major trends that have been prevailing in the world market for transportation management systems. Cloud-based deployments, in general, need less configuration and customization. These two factors are triggering down the cost
Energy Recovery Ventilators Market: Rising Awareness of Importance of Indoor Air …
Characterized by the presence of a handful of dominant players, namely United Technologies Corp., LG Electronics, Daikin Industries Ltd., Fujitsu Ltd., and Munters Corp., the global energy recovery ventilators market features intense competition, reveals Transparency Market Research (TMR) in a new report. Going forward, the rising number of players seeking entry will further intensify competition in the market. Expansion of product portfolio which has been the focus of established companies to
More Releases for Allergy
Allergy Treatment Global Market 2018: Key Players – ALK, Stallergenes Greer, A …
Allergy Treatment Industry Description Wiseguyreports.Com Adds “Allergy Treatment -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global Allergy Treatment market, analyzes and researches the Allergy Treatment development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like ALK Stallergenes Greer Allergy Therapeutics HAL Allergy Group Circassia GlaxoSmithKline plc Sunovion Pharmaceuticals Teva Pharmaceutical Industries Allergan plc Allergon
Allergy Treatment Market 2018 Global Analysis By key Players – ALK, Stallergen …
Refractory Metals Market 2018 Wiseguyreports.Com adds “Refractory Metals Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Report Details: This report provides in depth study of “Refractory Metals Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Refractory Metals Market report also provides an in-depth survey of key players in the market which is based on the various objectives of
Global Allergy Immunotherapies (Allergy Immunotherapy) Market 2018 - Allergy The …
Accord Market, recently published a detailed market research study focused on the “Allergy Immunotherapies (Allergy Immunotherapy) Market” across the global, regional and country level. The report provides 360° analysis of “Allergy Immunotherapies (Allergy Immunotherapy) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of
Food Allergy Meeting 2018
Food allergy is body's immune response to certain food items whereas food intolerance is a body's chemical reaction towards a food item. Food allergies are on the rise particularly in school going children especially peanut allergy. Food allergies may be life threatening. Food intolerance is not involved with the immune system and does not cause severe allergic reactions. Food intolerance may lead to irritable bowel syndrome, asthma or chronic fatigue. Key
Allergy Immunotherapy Market Trend by 2023; Allergy Therapeutics, Circassia, DBV …
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% The global allergy immunotherapy market has been evaluated as a rapidly growing market and it is expected to continue growing in the near future. Allergy immunotherapy is a disease-adapting therapy, effective for the treatment allergic rhinitis/conjunctivitis, allergic asthma, peanuts allergy, cat allergy,
Peanut Allergy Vaccine Market
Allergies are medical conditions caused primarily by hypersensitivity of the immune system to some external stimulus. Allergy may cause anaphylaxis—a medical condition that can cause irritation of the skin, swelling of throat, shortness of breath, and in some cases, death. Allergies are caused by various allergens such as pollen grains, or certain foods such as peanuts. Vaccination is the process of administering antigenic material or a vaccine to stimulate one’s