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Allergy Treatment Market

Market Insights on Allergy Treatment covering sales outlook, demand forecast & up-to-date key trends

Allergy Treatment Market: Global Industry Analysis and Opportunity Assessment 2022-2032

Allergy Treatment Market Overview (2022-2032)

The allergy treatment market is likely to secure a CAGR of 6.9% during the forecast period. The market is estimated to be valued at US$ 20.20 Bn in 2022 and likely to reach figures of US$ 38.9 Bn by 2032.

“Rising investment for the development of advanced technologies and growing incidences of asthma are expected to uplift the allergy treatment market growth.”

An allergy is an immune system sensitivity that is increased. When an immune system is triggered by a foreign material that is normally harmless, allergy results. Animal dander, Dust mites, pollen, tree weed, cockroach, mold and other aeroallergens are just a few allergens that can affect the immune system and this all can contribute to indoor allergy issues. Furthermore, consumption of allergens might cause symptoms like vomiting, diarrhoea, or respiratory issues in people with food allergies.

The frequency of allergy symptoms can range from moderate like rash or hives to life-threatening such as itching, runny nose, and watery or red eyes. Depending on what a person is allergic to, an allergy can have different treatments. These allergies are treated with immunotherapy, avoidance of the allergens, and drugs including steroids and antihistamines.

Allergy Treatment Market CAGR (2022-2032)

6.9%

Allergy Treatment Market Value (2022)

US$ 20.20 Bn

Allergy Treatment Market Value (2032)

US$ 38.9 Bn

Growing types of allergies and prompting manufacturing companies to develop treatments by adopting novel allergic treatments which are likely to accelerate the market. For instance, asthma & allergies are the most chronic illnesses in the US, per a report by the American College of Allergy, Asthma & Immunology. Hence, around 50 million people suffer from allergies in America each year.

On the other hand, rising food allergies in children globally are likely to increase the adoption of allergy treatment during the forecast period. Key healthcare manufacturers have developed Subcutaneous Immunotherapy treatment, which is one of the most effective procedures used to treat patients' allergy immunotherapy, and this is likely to increase the Subcutaneous Immunotherapy treatment market size.

Additionally, the key players are engaging in R&D activities and are developing a new therapy to get rid of severe allergies during the forecast period. However, launching new products with the approval of key marketers is likely to boost the global allergy treatment market growth during the forecast period.

Based on region, North America dominates the market by securing the maximum share during the forecast period. The rising chronic respiratory diseases, R&D activities, government regulations, and rising food allergies are accelerating the market. Increasing allergy attacks in adults are likely to increase the demand for proper treatment and thereby surge the market size.

For instance, in 2020, the FDA approved its first drug to treat peanut allergy among children, called Palforzia. Peanut allergy affects the immune system in children. Hence, the adoption of Palforzia allows preventing such responses from occurring. This factor is also likely to lead the market growth. The key players are performing a major role in the market by focusing on the consumer's desire. These players are adopting several marketing tactics to upsurge the market by capturing the lion's share. Some of the marketing strategies adopted by them are mergers, agreements, collaborations, and partnerships, among others.

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What are the Major Drivers Boosting the Demand for Allergy Treatment Market?

The global market for allergy treatment is driven by environmental pollution, an increase in the number of patients with various types of allergies and changing lifestyles. Furthermore, the market for allergy treatments is expanding due to a number of factors, including the growing number of patients with various different kinds of allergies, including eye allergies, skin allergies, asthma, rhinitis, etc., increasing demand for advanced therapy for allergy treatment, changes in dietary habits and rising research and development activities.

Additionally, an increase in healthcare spending, which helps to improve its infrastructure, is a key component influencing the growth rate of the market for allergy treatments. Additionally, a number of government initiatives to upgrade the healthcare system by increasing funding, which will have an additional impact on market dynamics.

Which Region Shows Strong Growth Potential in the Allergy Treatment Market?

North America is expected to experience a great hike in revenue during the forecast years due to developed healthcare infrastructure, growing environmental pollution and a rise in the use of immunotherapy to treat allergies. On the other hand, due to the expanding number of allergy patients, rising disposable income and spreading awareness of advanced immunotherapy for treating allergies Asian market is booming.

Furthermore, with promising business opportunities in the allergy treatment market in Europe, companies are focusing on extending their product portfolios and growing adoption of immunotherapy in allergy treatment.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Who are the Key Players in the Allergy Treatment Market?

Some of the market players operating in the allergy treatment market are Johnson & Johnson, Allergopharma, Sanofi SA, McNeil Consumer Healthcare, Genentech Inc., GlaxoSmithKline PLC, Leti Pharma, Alerpharma S.A, Allergan, Inc., Meda Pharmaceuticals, Inc, Novartis International AG, Bausch Health Companies Inc. and others.

Scope of Report

Report Attributes

Details

Growth Rate

CAGR of 6.9% 2022-2032

Base Year for Estimation

2021

Historical Data

2012-2021

Forecast Period

2022-2032

Qualitative Units

Revenue in USD Billion, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segment Covered

  • Type
  • Treatment
  • Distribution Channel
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Players

  • Johnson & Johnson
  • Allergopharma
  • Sanofi SA
  • McNeil Consumer Healthcare,
  • Genentech Inc.
  • GlaxoSmithKline PLC
  • Leti Pharma,
  • Alerpharma S.A
  • Allergan, Inc.
  • Meda Pharmaceuticals, Inc
  • Novartis International AG
  • Bausch Health Companies Inc.

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Key Segments Covered in the Allergy Treatment Industry Survey

By Type:

  • Eye Allergy
  • Asthma
  • Rhinitis
  • Food Allergies
  • Skin Allergy
  • Others

By Treatment:

  • Anti-allergy Drugs
  • Immunotherapy

Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Frequently Asked Questions

The global allergy treatment market is anticipated to register a CAGR of 6.9% during the forecast period.

Johnson & Johnson, Allergopharma, Sanofi SA, McNeil Consumer Healthcare, Genentech Inc., GlaxoSmithKline PLC, Leti Pharma, Alerpharma S.A, Allergan, Inc., Meda Pharmaceuticals, Inc, Novartis International AG, Bausch Health Companies Inc. among others are some prominent allergy treatment market players.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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