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House Dust Mite Allergy Treatment Market to Eyewitness Massive Growth by 2031 | ALK Abello A S, Allergy Therapeutics PLC,

01-25-2023 02:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

House Dust Mite Allergy Treatment Market to Eyewitness Massive

The global house dust mite allergy treatment market size was US$ 1.5 billion in 2021. The global house dust mite allergy treatment market size is forecast to reach US$ 4.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.4% during the forecast period from 2022 to 2030.

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An allergic reaction brought on by dust mites, which are common in residential environments, is known as a home dust mite allergy. Due to their adaptability, house dust mites may live in any climate. When exposed to dust mites, those with asthma and rhinitis may experience worsening symptoms. After a physical examination, Doctors can determine if a patient has a house dust mite allergy. The skin prick test and the specific IgE blood test are diagnostic procedures for house dust mite allergies.

Factors Influencing Market Growth
The growing prevalence of respiratory diseases like asthma and allergic rhinitis drives the global market.

The rising prevalence of indoor air pollutants, such as house dust mites, pet dust, and pollens boosts the global market growth. WHO estimates that 70% of allergic reactions to house dust mites are related to respiratory allergies. Worldwide, allergic rhinitis affects approximately 10-25% of the population.

The technological expansions in the pharmaceutical industry to manufacture cutting-edge anti-allergy products are forecast to offer lucrative opportunities for the global market.

The increase in hygiene practices reduces the occurrence of house dust mite allergies, which may slow down the overall industry growth.

Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. As a result of being compelled to spend more time indoors, people were exposed to more allergens and pollution. As a result, there has been a rise in the need for treatments due to house dust mite allergies. On the other hand, doctors were focusing on treating COVID-19 patients, which reduced the demand for non-essential treatments. However, the demand for remote healthcare treatment increased, which boosted the market growth.

Regional Analysis
Europe accounted for a substantial market share in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the growing prevalence of asthma & allergic rhinitis, the rising number of in-house dust pollution, the existence of leading players, and expansion in R&D activities in the pharmaceutical sector in the region.

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The Asia Pacific region is forecast to exhibit the highest market CAGR over the forecast period. As a result of the rising prevalence of house dust mite allergy diseases, increasing awareness about spreading understanding about allergens, growing healthcare expenditure, and a surge in adoption of immunotherapy drugs for the treatment of house dust mite allergies.

Leading Competitors

The leading prominent companies profiled in the global house dust mite allergy treatment market are:
ALK Abello A S
Allergy Therapeutics PLC
Bayer AG
Catalent Pharma Solutions Limited
GlaxoSmithKline plc
Johnson and Johnson md&d,
Merz Pharma GmbH
Seqirus UK Limited
Shionogi and Co. Ltd
Other Prominent Players

Scope of the Report

The global house dust mite allergy treatment market segmentation focuses on Treatment, Type, Route of administration, Distribution channel, and Region.

Segmentation based on Treatment

Segmentation based on Type
Prescription based drugs
Over-the-counter drugs

Segmentation based on Route of administration
Oral medication
Nasal administration

Segmentation based on Distribution channel
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy

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Segmentation based on Region
North America
The U.S.
Western Europe
The UK
Rest of Western Europe
Eastern Europe
Rest of Eastern Europe
Asia Pacific
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
South America
Rest of South America

Aim of the Report

This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market's future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players' products and the competitive landscape.
Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

Full Report Description, TOC, Table of Figure, Chart, etc.-

About Report Ocean:

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