Allergy Treatment Market - Innovative Developments by 2025 | GlaxoSmithKline, Sanofi, Merck, Johnson & Johnson

An allergy is defined as a hypersensitive reaction to various foreign substances by the immune system. The substances that trigger an allergy are called allergens. Examples include pollens, dust mite, molds, pet dander, certain foods, and others. Patients prone to allergies are said to be allergic or atopic.

The allergy treatment market is anticipated to grow at a fast pace owing to the rise in focus on new treatment developments for allergy specific drugs, the advent of immunotherapy, an increase in the prevalence of allergies across the globe.

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The global allergy treatment market was valued at $24,653 million in 2017 and is projected to reach $40,360 million by 2025, growing at a CAGR of 6.3% from 2018 to 2025.

Based on the type, the rhinitis segment generated the highest revenue in 2017 and is expected to maintain this dominance throughout the forecast period. This is attributed to the increased prevalence of allergic rhinitis across the globe.

For instance, according to the European Academy of Allergy and Clinical Immunology (EAACI), around 400 million patients suffer from rhinitis. However, the food allergy segment is expected to register the highest growth rate during the forecast period.

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Key Benefits:

•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.

Leading Companies:

•GlaxoSmithKline
•ALK-Abell A/S
•Sallergenes Greer
•Allergy Therapeutics
•Sanofi SA
•Johnson & Johnson

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