Allergy Treatment Market 2023 - By Industry Share, Growth, Trends Analysis And Outlook By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Allergy Treatment Global Market Report 2023 identifies growing prevalence of allergic conditions as the major driver for the Allergy Treatment market's growth in the forecast period. An allergic condition is when the immune system overreacts to an allergen, often known as a harmless substance. These treatment offers allergic therapies using nonprescription or prescription medicine that assists in identifying and avoiding various allergy triggers, therefore preventing allergic responses, alleviating symptoms, avoiding allergic severity, and improving persons' well-being.

The global allergy treatment market is expected to grow from $19.52 billion in 2022 to $21.19 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 allergy treatment market is expected to reach $28.11 billion in 2027 at a CAGR of 7.3%.

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Major competitors in the Allergy Treatment market are Pfizer Inc., Johnson and Johnson, Allergy Therapeutics PLC, F. Hoffmann-La Roche Ltd, AbbVie Inc., Novartis AG, Merck & Co. Inc.

A key trend in the Allergy Treatment market includes advancements in technology. Major companies operating in the allergy treatment market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Metropolis Healthcare Limited, an India-based chain of pathology labs and diagnostic centers, launched AI-powered allergy component testing based on Component Resolved Diagnostics (CRD). This component testing employs artificial intelligence (AI) to aid physicians in making informed clinical decisions and gives valuable insights into choosing and optimizing an individual's allergic disease treatment plan. It is driven by a nanotechnology-based multiplex system that uses molecular components, can identify specific IgE antibodies against 295 different allergens using a simple blood test, and offers findings for 158 food allergens, ten contact allergens, and 127 respiratory allergens.

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The Allergy Treatment market is segmented -

• By Treatment Type: Anti-Allergy Drugs, Immunotherapy
• By Type: Eye Allergy, Skin Allergy, Food Allergy, Asthma, Rhinitis, Other Types
• By Route of Administration: Oral, Parenteral, Nasal, Other Routes of Administration
• By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Retailers, Other Distribution Channels
• By End-Users: Hospitals, Specialty Clinics, Homecare, 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 Allergy Treatment market.

The Business Research Company's "Global Allergy Treatment 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 Allergy Treatment Market Include:

1. Executive Summary
2. Allergy Treatment Market Characteristics
3. Allergy Treatment Market Trends And Strategies
4. Allergy Treatment Market - Macro Economic Scenario
5. Global Allergy Treatment Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
………………………………………….
32. Global Allergy Treatment Market Competitive Benchmarking
33. Global Allergy Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Allergy Treatment Market
35. Allergy Treatment Market Future Outlook and Potential Analysis
36. Appendix

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