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Allergy Immunotherapy Market Current Scenario with Future Trends Analysis to 2034
The global Allergy Immunotherapy market is estimated to reach over USD 4.3 billion by 2034, exhibiting a CAGR of 8.5% during the forecast period.
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The projected increase in revenue can be attributed to the growing global burden of allergic diseases. The rising prevalence of complex allergies, which are associated with higher morbidity rates, is placing significant strain on healthcare systems and driving research and development efforts aimed at introducing innovative treatment solutions. Additionally, the escalation of both indoor and outdoor air pollution levels has contributed to a surge in the incidence of asthma and other allergic respiratory conditions. According to the Asthma and Allergy Foundation of America (AAFA), elevated pollen levels are responsible for triggering allergic reactions in over 25 million individuals.
Similarly, data from the Canadian Allergy, Asthma, and Immunology Foundation indicate that between 20% and 25% of Canadians suffer from allergic rhinitis, with traditional symptomatic treatments proving ineffective for approximately 50% of these individuals. Consequently, leading pharmaceutical companies are prioritizing the development of advanced immunotherapy-based treatments. For instance, in 2019, ALK submitted a regulatory application in Canada for its investigational tree SLIT-tablet, aimed at addressing unmet therapeutic needs in allergy management.
List of Prominent Players in the Allergy Immunotherapy Market:
• ASIT Biotech
• Circassia
• Mylan N.V.
• Adamis Pharmaceuticals Corporation
• Merck KGaA
• Stallergenes Greer plc
• Allergy Therapeutics
• ALK-Abelló A/S
• DESENTUM OY
• HAL Allergy B.V.
• HollisterStier Allergy
• LETIPharma
• DBV Technologies SA
Market Dynamics:
Drivers-
The global allergy immunotherapy market is projected to experience significant growth due to the increasing prevalence of allergic conditions. For example, data from the Centers for Disease Control and Prevention (CDC) indicate that, in 2018, hay fever affected approximately 19.2 million adults and 5.2 million children in the United States. Furthermore, environmental factors such as rising pollution levels and climate change are contributing to the escalation of allergy cases.
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Challenges:
Despite the clinical benefits of allergy immunotherapy, patient adherence remains low, primarily due to limited awareness and insufficient funding. According to a 2022 report published by the National Center for Biotechnology Information (NCBI), treatment discontinuation is frequently attributed to the inconvenience of subcutaneous immunotherapy (SCIT) and adverse effects associated with both SCIT and sublingual immunotherapy (SLIT).
Regional Trends:
Europe is expected to register the highest compound annual growth rate (CAGR) during the forecast period and maintain a leading position in the global allergy immunotherapy market. This growth is supported by the strong presence of prominent market players such as ASIT Biotech, Circassia, Mylan N.V., and Merck KGaA. Currently, more than 150 million individuals in Europe suffer from allergic conditions. Due to factors such as increased industrialization, urbanization, climate change, and pollution, it is estimated that by 2025, over 50% of the European population will experience at least one form of allergy.
Recent Developments:
• In July 2022, The good findings regarding the significant advantage of sublingual liquid allergen immunotherapy treatment (AIT) on the beginning and worsening of asthma in patients with allergic rhinitis was released by Stallergenes Greer, a worldwide healthcare firm that specializes in allergen immunotherapy (AIT).
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Segmentation of Allergy Immunotherapy Market-
By Treatment Type-
• Subcutaneous Immunotherapy (SCIT)
• Sublingual Immunotherapy (SLIT)
• Tablets
• Drops
By Allergy Type-
• Allergic rhinitis
• Allergic asthma
• Others
By Distribution Channel-
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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