Allergy Treatment Market Witnessing Robust Growth and Growing at the CAGR of 6.3% during 2018-2025

Increased prevalence of allergens and high consumption of tobacco that can induce several allergies to drive the growth of the global allergy treatment market. However, patent expiries, competition from generic drugs, and the availability of alternative and complementary therapy hamper market growth. On the contrary, rise in awareness among patients regarding food allergies is expected to create lucrative opportunities for the market players in the next few years.

The report presents comprehensive analyses of the global market by analyzing the market dynamics, top investment pockets, key player positioning, and competitive landscape. According to the report, the global allergy treatment market garnered $24.65 billion in 2017 and is expected to reach $40.36 billion by 2025, registering CAGR of 6.3% from 2018 to 2025.

Major Players:

• GlaxoSmithKline
• Allergopharma
• Allergan Inc.
• Schering-Plough Corporation
• Collegium Pharmaceutical Inc.
• Allergy Therapeutics
• Allergon
• Genentech Inc.
• McNeil Consumer Healthcare
• Meda Pharmaceuticals Inc.

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Food allergy segment to manifest the fastest growth -

The food allergy segment is expected to grow at the fastest CAGR of 8.3% during the forecast period, owing to the rise in awareness among patients regarding food allergies. However, increased prevalence of allergic rhinitis across the globe helped rhinitis segment to garner largest market share in 2017, contributing about 40% of the total market share. The other segments analyzed in the report include asthma, skin allergy, food allergy, and others.

Anti-allergy drugs treatment segment to lead the global market -

In 2017, the anti-allergy segment reaped about 89% share of the market, owing to the increasing inclination toward over the counter drugs (OTC) for the treatment of allergy diseases. In addition, the segment is expected to continue its dominance over the market. However, the immunotherapy treatment segment is expected to register the fastest CAGR of 8.5% during the forecast period, owing to increasing awareness among medical professionals regarding the use of immunotherapy for allergy treatment.

Intranasal spray segment to witness the fastest growth -

The intranasal spray segment is estimated to register the fastest CAGR of 7.0% during the study period as intranasal sprays offer more promising approach to treat various allergic conditions. However, the oral drugs segment held the largest market share in 2017, contributing about 40% share of the total revenue, as oral drugs offer the convenience of self-administration, compactness, and ease of manufacturing. The other dosage form analyzed in the report includes inhalers.

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Major distribution channel in the market -

The global allergy treatment market report includes several prominent distribution channels such as hospital pharmacies, retail pharmacies, and online pharmacies. In 2017, the retail pharmacies segment garnered about half of the total share of the market and is expected to continue its dominance throughout the market period.

However, the online pharmacies segment would manifest the fastest CAGR of 7.9% from 2018 to 2025, owing to increased penetration of internet and surge in sales of medicines for the treat allergic reactions through online retailers. In addition, the hospital pharmacies segment would witness gradual growth in the region.

Key Benefits for Allergy Treatment Market:

• The study provides an in-depth analysis of the global allergy treatment market with the current trends and future estimations to elucidate the imminent investment pockets.

• A comprehensive analysis of the factors that drive and restrict market growth is provided.

• A comprehensive quantitative analysis of the industry is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.

• An extensive analysis of the key segments of the industry helps to understand the trends in the global allergy treatment market.

• Key players and their strategies are provided to understand the competitive outlook of the industry.

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