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Allergy Treatment Market (CAGR 6.3%) | Industry, Revenue Share, Drivers & Trends Analysis by Industry Experts

12-01-2022 08:30 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Allergy Treatment Market

Allergy Treatment Market

According to a new report published by Allied Market Research, titled, Allergy Treatment Market by Type, Treatment, Dosage Form, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025, 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.

♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.alliedmarketresearch.com/request-sample/3541

Allergies are defined as hypersensitive reactions to foreign substances by the immune system. The things that cause allergies are called allergens. Examples include pollens, brown hair, mold, pet dander, certain foods and others. Patients with frequent allergies are said to be allergic or atopic. The allergy treatment market is expected to grow rapidly due to the focus on the development of new treatments for specific drugs, the advent of immunotherapy and the increase in allergies in the world.

By type, the rhinitis segment generated the highest revenue in 2017 and is expected to retain this dominance during the forecast period. This is due to the increase in allergic rhinitis worldwide. For example, according to the European Academy of Allergy and Clinical Immunology (EAACI), about 400 million people suffer from rhinitis. However, the food allergy segment is expected to register the highest growth rate during the forecast period.

Key Findings of the Allergy Treatment Market:

• Based on 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 treatment, the immunotherapy segment is expected to register the highest CAGR of 8.5% from 2018 to 2025.
• U.S. generated the highest revenue in the global allergy treatment market in 2017, accounting for more than half of the market in North America.
• Asia-Pacific was the highest contributor in the allergy treatment market in 2017 and is anticipated to experience rapid growth during the forecast period.

♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/purchase-enquiry/3541

Key market players -

Merck KGaA (Allergopharma),
GlaxoSmithKline plc,
F. Hoffmann-La Roche Ltd. (Genentech Inc.),
Johnson & Johnson,
Allergy Therapeutics plc,
AALK-Abello A,
Sanofi SA,
Stallergenes Greer plc,
Allergan Plc.,
Merck & Co. Inc.

North America was the largest contributor to the global market in 2017, with increased investment in the health of manufacturers, increased R&D funding for the development of treatments for allergies and an increase in -increased incidence of food allergies. Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the increase in the prevalence of asthma due to the increase in pollution, increasing internet penetration and awareness of the disease.

♦ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.alliedmarketresearch.com/request-for-customization/3541

Allergy is a hypersensitive reaction by the patient's immune system in response to certain substances. The substances that stimulate the immune system in response are known as allergens. Different allergens are responsible to cause various types of allergic reactions. Allergy is one of the major health concerns globally. The allergy treatment market has piqued the interest of the healthcare industry due to significant increase in the prevalence of various allergies in the recent years. Among all allergies, rhinitis and asthma are the most prevailing diseases, both in the developing as well as developed economies. However, incidents of food allergies have also been on the rise over the years across the globe.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us -

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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