Allergy Immunotherapy Market to Witness Huge Growth by Key Players: Allergy Therapeutics, Biomay AG, Allovate, LLC, HAL Allergy Group, Hollister Allergy, Leti Pharma
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The Major Players Covered in Allergy Immunotherapy Market:
o Torii Pharmaceutical Co., Ltd.
o ALK-Abello A/S
o Allergy Therapeutics
o Biomay AG
o Allovate, LLC
o HAL Allergy Group
o Hollister Allergy
o Leti Pharma
o Merck KGaA (Allergopharma)
o Stallergenes Greer
Allergy immunotherapy, hypo-sensitization or desensitization, is a preventive therapeutic treatment for the allergic reactions to various allergens including various drugs, foods, bee venom, house dust mites, and grass pollens. It alters immune system's reaction by gradually increasing doses of the allergen. Before treatment begins, allergist and patient analyse triggering factors for the allergy symptoms that may involve blood and skin tests to confirm the allergens. The immunotherapy helps in reducing the inflammation, increasing immunological tolerance, offering long-term impact, changing the course of disease and improving quality of the patient's life.
The rising cases of the allergies are expected to escalate the demand of allergy immunotherapy, leading to high growth of market during the forecast period. As per International Study of Asthma and Allergies in Childhood (ISAAC), around 22.1% of the young children between 13 to 14 years are generally affected by the hay fever. According to the data published by American College of Allergy, Asthma and Immunology (ACAAI), the allergies are sixth leading cause of the chronic illness in the U.S., with annual cost in around USD 18 billion, and over 50 million of the Americans suffer from the allergies each year.
The U.S. is anticipated to be largest market around the world. High prevalence of such allergies and strict regulatory guidelines which mandate the allergic testing in all cases of emergency and intensive care are some of factors contributing to growth of the U.S. allergy immunotherapy market. It is projected that one among every six people in America (about 50 million) suffers from some or the other form of allergy, and about 25 million people suffer from respiratory allergies. Between the Americans suffering from the respiratory allergies, almost 10 million suffer from the allergic asthma.
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o To study and analyze the global allergy immunotherapy market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2026.
o To understand the structure of allergy immunotherapy market by identifying its various sub segments.
o Focuses on the key global allergy immunotherapy players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
o To analyze the allergy immunotherapy with respect to individual growth trends, future prospects, and their contribution to the total market.
o To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
o To project the size of allergy immunotherapy submarkets, with respect to key regions (along with their respective key countries).
o To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
o To strategically profile the key players and comprehensively analyze their growth strategies.
Key questions answered in this report
o What will the market size be in 2026 and what will the growth rate be?
o What are the key market trends?
o What is driving this market?
o What are the challenges to market growth?
o Who are the key vendors in this market space?
o What are the market opportunities and threats faced by the key vendors?
o What are the strengths and weaknesses of the key vendors?
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