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