Grass Pollen Allergy Market : Competitive Strategies And Forecasts to 2014 - 2020
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There are about 1,200 species of grass grown in North America wherein only a small percentage of them cause allergies. Some of the prominent species include Bermuda grass, Johnson grass, Kentucky bluegrass, Orchard grass, Redtop grass, Sweet vernal grass and Timothy grass. The standard treatment for grass allergies includes oral steroids, antihistamines, beta agonist and immunotherapy treatment by injections. In May 2013, Health Canada approved a drug Oralair which can treat allergies from five different pollen grasses. Pills based immune therapy has seen significant demand and popularity in past 2-3 years owing to its characteristics such as convenience and painless option than weekly or monthly allergy shots. Merck & Co. in April 2014 received FDA approval for its grass pollen allergy drug Grastek. Merck estimates a potential U.S. market of nearly 3 million patients that will eventually be worth USD 1 billion of annual sales. Possible side effects of Grastek include dizziness, severe stomach pain, troubled swallowing and irregular heartbeat.
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Drivers to the growth of the market include exponential rise in number of patient suffering from pollen based allergies and more precisely hay fever. Moreover occupational exposure and growing number of patients especially children are another major contributors for escalating the global grass pollen allergy market. Lack of permanent cure to grass pollen allergy disease and home based diagnosis are few restraints to the growth of the global grass pollen allergy market. Geographically market for grass pollen allergy is majorly dominated by European and the North America market pertaining to research funding, government interventions and frequent product approvals. Moreover the Asia Pacific and Rest of the World market are among the fastest growing regions. According to an independent study conducted by Katelaris C., et. al. on Patterns of Allergic Rhinitis and Asthma in Adults and Children in Asia Pacific: Findings From the Allergies in Asia Pacific Survey. Allegergies in Asia-Pacific: A landmark survey of nasal allergy suffers reported that about 48% of Asia Pacific has been diagnosed with nasal allergies. About two out of five of the diagnosed people were reported to be diagnosed with allergic rhinitis.
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Some of the prominent pipelined drugs in the market include MK-7243, Pollinex Quattro Grass, Avanz Phleum Pratense, gpASIT + TM, Grass-SPIRE, BM-32 and AllerG. Key players in the market include Allergy Therapeutics plc, Allergopharma Joachim Ganzer KG, Circassia Holdings Ltd., Laboratorios LETI S.L., Anergis SA, Biomay AG and others.
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