Press release
Allergy Immunotherapy Market to Reach USD 10.57 Billion by 2032, Expanding at a CAGR of 11.4%
Allergy Immunotherapy Market
The global allergy immunotherapy market is on a trajectory of substantial growth, driven by the increasing prevalence of allergic diseases, advancements in immunotherapy techniques, and heightened patient awareness. Valued at USD 4.45 billion in 2024, the market is projected to reach nearly USD 10.57 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.4% during the forecast period.
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◉ Vietnam: Emerging Opportunities in Allergy Immunotherapy
Vietnam's healthcare sector is undergoing rapid development, presenting emerging opportunities for the allergy immunotherapy market. The increasing incidence of allergic conditions, coupled with the government's initiatives to enhance healthcare infrastructure, is expected to drive demand for effective allergy treatments. Collaborations with international pharmaceutical companies could further facilitate the introduction of advanced immunotherapy options in the region.
Thailand: Trends in Allergy Treatment Adoption
Thailand's robust medical tourism industry and well-established healthcare services contribute to the growing adoption of allergy immunotherapy. The country's focus on becoming a regional medical hub has led to increased availability of innovative treatments. Strategic partnerships between local healthcare providers and global pharmaceutical firms are facilitating the introduction of new immunotherapy options to the Thai market.
Japan: Growth in Allergy Immunotherapy Solutions
Japan, with its advanced healthcare system and strong pharmaceutical industry, is witnessing significant growth in allergy immunotherapy solutions. The country's emphasis on research and development has led to the introduction of novel treatments, catering to the specific needs of the Japanese population. Collaborations between domestic and international companies are further propelling the market forward.
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South Korea: Consolidation in the Allergy Immunotherapy Sector
South Korea's allergy immunotherapy market is experiencing consolidation, marked by strategic mergers and acquisitions aimed at enhancing product portfolios and expanding market reach. The government's support for biopharmaceutical innovation and the presence of leading biotech firms contribute to a dynamic market environment.
Singapore: Opportunities and Updates in Allergy Treatments
Singapore's strategic location and status as a biomedical hub present substantial opportunities for the allergy immunotherapy market. The nation's commitment to healthcare excellence and research innovation attracts multinational pharmaceutical companies to establish regional headquarters and research facilities, facilitating the availability of cutting-edge allergy treatments.
United States: Trends and Mergers in the Allergy Immunotherapy Industry
The United States remains a significant player in the allergy immunotherapy market, driven by ongoing research, high healthcare expenditure, and a substantial patient population. The market is characterized by continuous advancements in immunotherapy techniques and strategic mergers and acquisitions among key industry players, aiming to strengthen their market positions and expand their product offerings.
Europe: Growth and Key Developments in the Allergy Immunotherapy Market
Europe's allergy immunotherapy market is expanding, driven by the increasing prevalence of allergic diseases and advancements in treatment options. The region's emphasis on healthcare accessibility and innovation has led to the approval and adoption of new therapies. Recent developments, including mergers and acquisitions among key players, are enhancing the competitive landscape and fostering market growth.
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◉ Key Recent Developments in the Allergy Immunotherapy Market
August 2024: UCB, a Belgian biopharmaceutical company, announced plans to sell its Chinese neurology and allergy business to CBC Group and Mubadala for $680 million. The deal includes allergy medications Zyrtec and Xyzal, as well as a manufacturing site in Zhuhai. This strategic move allows UCB to focus on innovation in immunology, neurology, and rare diseases in China.
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◉ Allergy Immunotherapy Market Segmentation:
by Treatment Type
Subcutaneous Immunotherapy (SCIT)
Sublingual Immunotherapy (SLIT)
Others
by Allergy Type
Respiratory Allergy
Skin Allergy
Insect Sting Allergy
Food Allergy
Others
by End User
Hospitals and clinics
Specialty allergy clinics
Ambulatory Surgical Centers Others
◉ Allergy Immunotherapy Key Players
Global
1. ALK-Abello A/S (Horsholm, Denmark)
2. Stallergenes Greer (London, United Kingdom)
3. Aimmune Therapeutics (Brisbane, California, United States)
4. DBV Technologies (Montrouge, France)
5. Genentech (South San Francisco, California, United States)
North America
1. GREER Laboratories, Inc. (Lenoir, North Carolina, United States)
2. Genentech (South San Francisco, California, United States)
3. Circassia Pharmaceuticals Inc. (Morrisville, North Carolina, United States)
Europe
1. Allergy Therapeutics (Worthing, United Kingdom)
2. Circassia Pharmaceuticals (Oxfordshire, United Kingdom)
3. Biomay AG (Vienna, Austria)
4. Leti Pharma GmbH (Vienna, Austria)
5. HAL Allergy Group (Leiden, Netherlands)
6. ASIT Biotech (Brussels, Belgium)
7. Laboratorios LETI (Tres Cantos, Spain)
8. Allergopharma GmbH & Co. KG (Reinbek, Germany)
9. Bencard Allergie GmbH (Munich, Germany)
Asia Pacific
1. Prota Therapeutics (Melbourne, Australia)
2. Sementis Ltd (Melbourne, Australia)
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