Drug Allergy Market Analysts Foretell and it Will Reach $4.7 Billion By 2023

Market Research Future published a research report on “Global Drug Allergy Market”- Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
Drug allergy market information: by type (immunologic, nonimmunologic, and others), diagnosis (skin tests, blood tests, and others), by treatment (antihistamines, corticosteroids, and others), by end user- global forecast till 2023
According to the US National library of medicine, drug allergy is an immune response in the body due to a particular drug (medicine). Symptoms of a drug allergy may include hives, fever, itching, skin rash, wheezing, runny nose, shortness of breath, etc. Most allergic reactions doesn’t occur at first consumption. Any type of drugs can trigger allergic reaction, but the most common ones are Aspirin, Antibiotic, Insulin, Chemotherapy drugs, HIV drugs, etc.

High prevalence of drug allergies is the primary significant driving factor of the market. Other factors such as, rise in funding for R&D of the new drugs and rising consumer awareness about drug allergy are also predicted to propel the growth of drug allergy market.

Analysts state that management of drug allergy and induction of drug tolerance strategies are the major issues to be considered by Healthcare professional.

Taste the market data and market information presented through more than 45 market data tables and 30 figures spread over 84 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Drug Allergy Market Research Report - Global forecast till 2023”.
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Market Research Future analysts have segmented this market based on type, diagnosis, treatment, and end-users. Sub-segmentation by type includes immunologic, nonimmunologic, and others. Sub-segmentation by diagnosis includes skin tests, patch test, blood tests, and others. On the basis of treatments, the global drug allergy market is further segmented into corticosteroids, antihistamines, withdrawal of the drug, treatment of anaphylaxis, and others. The end-user segment has been divided into medical research centers, hospitals & clinics, academic institutes, and others.

On the basis of regional analysis, the global drug allergy market is classified into Americas, Europe, Asia Pacific, and the Middle East & Africa. Due to increasing funds availability for R&D, Americas has dominated the global drug allergy market. In 2016, North America commanded the largest market share. Europe held the second largest market share in the globe. During the forecast period, the Asia-Pacific is expected to register the fastest growing market. Majorly due to improving healthcare facilities, increasing awareness about drug allergy, and improving economies. Middle East and Africa with less economic developments and lack of awareness about drug allergy accounts for least market share. Due to increasing healthcare expenditure and support by government, Middle East region is expected to grow in near future.

The key players in the Global Drug Allergy Market are Circassia (US), AstraZeneca (UK), Johnson & Johnson Services, Inc. (US), Stallergenes Greer (UK), Bayer (US), and others.
Browse complete report at https://www.marketresearchfuture.com/reports/drug-allergy-market-4033 .
Segments
The global drug allergy market is segmented on the basis of type, which comprises of immunologic, nonimmunologic, and others. Immunologic allergy is sub-segmented into type I reaction, type II reaction, type III reaction, type IV reaction, and others. The non-immunologic allergy is sub-segmented into predictable, unpredictable, and others. The predictable allergy is further segmented into pharmacologic side effect, secondary pharmacologic side effect, drug toxicity, drug-drug interactions, drug overdose, and others. The unpredictable segment is further sub-segmented into pseudoallergic, idiosyncratic, intolerance, and others.
On the basis of diagnosis, the market is segmented into skin tests, blood tests, patch test, and others. The skin test is further segmented into prick or scratch test, intradermal test, and others.
On the basis of treatments, the market is segmented into antihistamines, corticosteroids, treatment of anaphylaxis, withdrawal of the drug, and others. Antihistamines are further sub-segmented into azelastine eyedrops, azelastine nasal sprays, carbinoxamine, cyproheptadine, desloratadine, diphenhydramine, emedastine eyedrops, hydroxyzine, levocabastine eyedrops, levocabastine oral, and others. Corticosteroids is further sub-segmented into topical steroids, inhaled steroids, and others. Inhaled steroids is further segmented into flunisolide, fluticasone furoate, fluticasone propionate, triamcinolone acetonide, beclomethasone dipropionate, budesonide, and others.
The Americas dominate the global market for the drug allergy. The Americas mainly include North America and Latin America, out of which North America accounts for the majority of the market share of this region. The US is the top revenue generating market in North America and is one of the important markets for the global drug allergy treatment. Approximately 10% of the total US population have drug allergies. Latin America drug allergy market is also growing significantly and mainly includes Brazil, Argentina, and Chile. Europe is the second largest market in the globe owing to increasing cases of drug allergy.
Europe is mainly divided into Eastern Europe and Western Europe. More developed Western European countries like Germany, UK and France are dominating this market while East European region is also growing significantly. Increasing cases of drug allergies are one of the major factors for the growth of the Europe market.

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