Canadian Allergy Treatment Market Growing Trade Among Emerging Economies Opening New Opportunities

Canadian Allergy Treatment Market size was valued at USD XX Billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of XX% from 2019 to 2028.

Allergies are hypersensitive responses from the human immune system to the substance that come in contact with the body. Severe allergy can be life-threatening, disturbing the normal functioning of organs such as asthma causes poor lung functioning. In 2017, 27.3% of Canadians aged 12 and older (roughly 8.4 million people) reported having allergies. Overall, females (28.9%) were more likely to report having allergies than males (25.6%). Canadians most commonly reported being allergic to pollens or grasses (40.7%), followed by certain animals (28.5%), dust mites (27.3%), and certain medications (28.0%). Among allergy sufferers, roughly 3.6 million people (42.8%) reported being allergic to multiple allergens. The primary symptoms of allergic reactions include itching in the nose, the roof of the mouth, throat, eyes, sneezing, stuffy nose (congestion), teary eyes, etc. In addition, food allergies can cause symptoms such as vomiting, diarrhoea, or respiratory symptoms, after ingestion of an allergen. Increased prevalence of allergens and high consumption of tobacco can induce several allergies to drive the growth of the Canadian allergy treatment market.

Market Drivers

The rapidly growing heavy environmental pollutants, changing lifestyles, low-quality dietary habits, and the existence of a variety of communicable and non-communicable diseases further complicate the prevalence of allergic diseases in Canada. The key factors that drive the Canadian allergy treatment market include a significant increase in allergic diseases, a rise in preferences toward over-the-counter drugs for allergy treatment, and a surge in self-medication in consumers. However, increased usage of biosimilars and safety & efficacy concerns regarding the side effects associated with vigorous consumption of anti-allergy drugs are anticipated to hamper the growth of the allergy treatment market. On the contrary, increased R&D and a rise in awareness among healthcare professionals and patients regarding immunotherapy to treat allergies are expected to create lucrative opportunities in the future.

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Major Players

In April 2020, ALK, a global, research-driven pharmaceutical company, announced that Health Canada had approved once-daily ITULATEKTM (standardized allergen extract, white birch sublingual tablet) for the treatment of tree pollen allergy.

Some of the key players in the Canadian market are Johnson & Johnson,

The report delivers the challenges in front of the Canadian Allergy Treatment Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Canadian Allergy Treatments Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Type:

Based on type, the allergy treatment market is bifurcated into eye allergy, food allergy, skin allergy, asthma, rhinitis, and others. The food allergy segment is the highest contributor to the market and is anticipated to maintain its dominance throughout the forecast period.

By Treatment:

Based on treatment, the allergy treatment market is classified into anti-allergy drugs (antihistamines, corticosteroids, decongestants, and other drugs) and immunotherapy (sub-cutaneous immunotherapy (SCIT) and sub-lingual immunotherapy (SLIT)). The anti-allergy drugs segment accounts for the highest revenue and is expected to maintain its dominance throughout the forecast period.

Major Players

In April 2020, ALK, a global, research-driven pharmaceutical company, announced that Health Canada had approved once-daily ITULATEKTM (standardized allergen extract, white birch sublingual tablet) for the treatment of tree pollen allergy.

Some of the key players in the Canadian market are Johnson & Johnson,

The Canadian Allergy Treatment Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Canadian Allergy Treatment market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Canadian Allergy Treatment Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Canadian Allergy Treatment market. Each section of the research study is specially prepared to explore key aspects of the global Canadian Allergy Treatment Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Canadian Allergy Treatment market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global Canadian Allergy Treatment Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canadian Allergy Treatment market
Chapter 2: Exclusive Summary - the basic information of the Canadian Allergy Treatment Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canadian Allergy Treatment
Chapter 4: Presenting the Canadian Allergy Treatment Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canadian Allergy Treatment market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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