Allergy Immunotherapy Market Size is expected to grow at a CAGR of 10.5% for forecast period - 2028

The global allergy immunotherapy market size is expected to reach USD 5.12 billion in 2028 and register a revenue CAGR of 10.5% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is spurred by factors such as increasing prevalence of different types of allergies globally - allergic rhinitis being one of the most common allergic diseases - and rise in R&D activities to develop more advanced and effective therapies. The American Academy of Allergy Asthma & Immunology claims that allergic rhinitis affects nearly 30% of the global populace. Growing prevalence of other allergic conditions including drug allergies, food allergies, and respiratory allergies such as allergic asthma further drives demand for allergy immunotherapy. Introduction of advanced immunotherapies for allergy, rising awareness of the availability of such treatments among people worldwide, increasing levels of environmental pollution, and changing lifestyles and eating habits are other important factors boosting the global market growth.

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Growing prevalence of various forms of allergies worldwide is a key factor driving the global market growth

Market Dynamics:

The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.

Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Allergy Immunotherapy market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

Leading companies operating in the market are:

Aimmune Therapeutics
Hollister Allergy
LETIPharma
Merck KGaA (Allergopharma)
Stallergenes Greer
Allergy Therapeutics PLC
ALK-Abelló
HAL Allergy Group
Biomay AG
Circassia

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

Allergy Immunotherapy Market Segmentation:

Immunotherapy Type Outlook

Subcutaneous Immunotherapy (SCIT)
Sublingual Immunotherapy (SLIT)
Oral Immunotherapy (OIT)
Transdermal Immunotherapy (TDIT)
Others

Allergy Type Outlook

Allergic Rhinitis
Allergic Asthma
Food Allergies
Others

Geographic Segment Covered in the Report:

The Allergy Immunotherapy report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)

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Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Allergy Immunotherapy market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Allergy Immunotherapy market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
Manufacture by Region: This Global Allergy Immunotherapy report offers data on imports and exports, sales, production and key companies in all studied regional markets.

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