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Allergy Treatment Market Insights with Statistics and Growth Prediction 2018 to 2025

02-06-2019 11:23 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Allergy Treatment Market Insights with Statistics and Growth

An allergy is defined as a reaction of hypersensitivity to several foreign substances by the immune system. The substances that trigger an allergy are called allergens. Examples include pollens, dust mites, molds, pet dander, certain foods, and others. It is said that patients prone to allergies are allergic or atopic.

The market for allergy treatment is expected to grow at an accelerated pace due to the increased focus on new treatment developments for allergy-specific drugs, the advent of immunotherapy and the increase in the prevalence of allergies worldwide.

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Depending on the type, the rhinitis segment generated the highest income in 2017 and is expected to maintain this domain throughout the forecast period. This is attributed to the higher prevalence of allergic rhinitis worldwide. For example, 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.

Key Market Players :

The global allergy treatment market report includes various leading companies in the market such as GlaxoSmithKline, Allergopharma, Allergan, Inc., Schering-Plough Corporation, Collegium Pharmaceutical, Inc., Allergy Therapeutics, Allergon, Genentech Inc., McNeil Consumer Healthcare, and Meda Pharmaceuticals, Inc. The market players have adopted several strategies including partnerships, collaboration, mergers & acquisitions, and new product launch to maintain its leadership in the market.

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Key Findings:

• Depending on the type, the rhinitis and asthma segments dominated the global allergy treatment market in 2017 and are expected to maintain this trend during the forecast period.

• Based on the treatment, the immunotherapy segment is expected to register the highest CAGR of 8.5% from 2018 to 2025.

• The United States generated the highest incomes in the global allergy treatment market in 2017, accounting for more than half of the market in North America.

• Asia-Pacific was the largest contributor to the allergy treatment market in 2017 and is anticipated to experience rapid growth during the forecast period.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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