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House Dust Mite Allergy Market Report 2023 Trends, Analysis And Developments 2032
House Dust Mite Allergy Market
The Business Research Company's House Dust Mite Allergy Global Market Report 2023 identifies prevalence of asthma diseases as the major driver for the House Dust Mite Allergy market's growth in the forecast period. Asthma refers to a disease that causes one's airways to constrict, swell and occasionally create more mucus that affects the lungs creating breathing issues. The patients suffering from asthma could easily effect by the surrounding dust which makes them more allergic and would increase their disease condition and need of several anti-allergic drugs, as a result, the increasing prevalence of asthma diseases increases the demand for house dust mite allergy treatments. For instance, in October 2021, according to the London School of Hygiene and Tropical medicine, an England-based public university, the prevalence of asthma increased by about more than 2% in Africa and 1 % every 10 years in Europe. Further, in 2020, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the US asthma prevalence rate was 7.8 percent with 5.8 percent of children below 18 years.
The global house dust mite allergy market size is expected to grow from $1.44 billion in 2022 to $1.65 billion in 2023 at a compound annual growth rate (CAGR) of 14.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global house dust mite allergy market size is expected to reach $3.13 billion in 2027 at a CAGR of 13.5%.
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Major competitors in the House Dust Mite Allergy market are Allergy Therapeutics Plc., Bayer AG, Catalent Inc., GSK Plc., Merz Pharma GmbH & Co KGaA, Sanofi S A., Shionogi & Co Ltd., Stallergenes Greer International AG, Merck & Co Inc., Torii Pharmaceutical Co. Ltd.
A key trend in the House Dust Mite Allergy market includes Product innovations. Major companies operating in the house dust mite allergy market are focused on developing innovative products to strengthen their position in the market. For instance, in July 2020, Alcon, a Switzerland-based medical company specializing in eye care products and anti-allergic drugs, launched Pataday, a doctor-prescribed eye allergy itch reliever. It is uniquely formulated with olopatadine hydrochloride ophthalmic solution 0.2%and olopatadine hydrochloride ophthalmic solution 0.1% which are approved by the Food and Drug Administration, a US-based department of health as the first and only allergy itch drop for the eye, providing over-the-counter eye allergy itch relief that lasts for the entire 24 hours.
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The House Dust Mite Allergy market is segmented -
•By Product Type: Tablets, Nasal Drops, Injectable
•By Treatment Type: Medication, Immunotherapy, Nasal Irrigation, Other Types
•By Diagnosis: Skin Prick Test (SPT), Specific Immunoglobulin E (IgE) Blood Test, Other Diagnosis
•By Dosage Forms: Solid, Liquid
•By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the House Dust Mite Allergy market.
The Business Research Company's "Global House Dust Mite Allergy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The House Dust Mite Allergy Market Include:
1. Executive Summary
2. House Dust Mite Allergy Market Characteristics
3. House Dust Mite Allergy Market Trends And Strategies
4. House Dust Mite Allergy Market - Macro Economic Scenario
5. House Dust Mite Allergy Market Size And Growth
.....................
26. Africa House Dust Mite Allergy Market
27. House Dust Mite Allergy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The House Dust Mite Allergy Market
29. House Dust Mite Allergy Market Future Outlook and Potential Analysis
30. Appendix
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