Hypersensitivity pneumonitis is a rare immune system disorder which affects the lungs. It is observed in some people after they inhale certain substances that are present in the environment. As these substances enter into the lungs it triggers the immune system and causing either short or long term inflammation.
Such conditions lead to difficulty for lungs to function well and may even lead to damaging the lungs permanently.The causes of hypersensitivity pneumonitis includes, plant proteins, microbes, animals, organic and inorganic chemicals.
The increasing prevalence of patients suffering from hypersensitivity pneumonitis is projected to propel the hypersensitivity pneumonitis market in the upcoming years. Increasing prevalence of respiratory diseases can also contribute towards the growth of the hypersensitivity pneumonitis Market.
reatment type in hypersensitivity pneumonitis is further classified into corticosteroids and immunosuppressive. On the basis of treatment type, corticosteroid includes prednisone, which has proved to be highly effective in decreasing inflammation resulting from hypersensitivity pneumonitis.
While dealing with respiratory disorders it is also important to take note of the recent COVID-19 outbreak into consideration.The disease has spread to across 200 countries around the globe and WHO has declared it as a public emergency.
The Global impact of this virus has already started to be felt and it will significantly affect the hypersensitivity pneumonitis market.
Hypersensitivity PneumonitisMarket : Drivers and Restraints
Global market for hypersensitivity pneumonitis is primarily driven by increase prevalence of patients suffering from hypersensitivity pneumonitis. In addition, the rising pollution may also boost the growth of the market.
According to the American Academy of allergy, Asthma & Immunology, in 2013, sensitization rates to one or more common allergens among school children was found to be 40%-50%approximately, globally.
Moreover, an increase in the prevalence of respiratory diseases and a rise in healthcare expenditure may also contribute to the growth of the market.Strong government support for research & development may also lead to substantial growth in the hypersensitivity pneumonitis market.
Another factor that may support the market growth is increasing geriatric population.However, lack of awareness and long term treatment may lead to slowing down the pace at which the market may grow.
Hypersensitivity Pneumonitis Market: Overview
The global market for hypersensitivity pneumonitis is estimated to experience a significant growth during the forecast period due to increase in geriatric population. Based on treatment the hypersensitivity pneumonitis market is divided into corticosteroids and immunosuppressive.
On the basis of treatment, Corticosteroids is anticipated to dominate the hypersensitivity pneumonitis market as it is the most common method used to treat the hypersensitivity pneumonitis. Although corticosteroids may have a higher growth, it can be predicted that immunosuppressive will generate higher levels of revenue.
In terms of retail sales channel retail pharmacies are expected to generate highest revenues in the Global hypersensitivity pneumonitis market.
Hypersensitivity Pneumonitis Market: Regional-WiseOutlook
Geographically, the hypersensitivity pneumonitis market is segmented into seven regions viz. South Asia, East Asia, Europe,Latin America, North America, OceaniaandMiddle East and Africa.
The North America is expected to lead the largest market due to high healthcare spending, increase in prevalence of respiratory diseases.
Europe is expected to be the second largest market for hypersensitivity pneumonitis due to growing investment in healthcare. However, East Asia is expected to observe a large growth in the hypersensitivity pneumonitis market due to availability of funds for research and development.
On the other hand, South Asia expects the fastest growth in the hypersensitivity pneumonitis market as a result of huge hypersensitivity pneumonitis patient population. India and China are expected to be major contributors in hypersensitivity pneumonitis market in South Asia as these countries comprise a large no. of geriatric population.
In the Middle East and Africa the market growth is expected to be least due to limited development in the healthcare sector and poor economy in African region.
Hypersensitivity Pneumonitis Market: Key players
Some of the players identified in the hypersensitivity pneumonitis market include:
- Svizera Healthcare
- Novo Nordisk
- Astra Zeneca
- Eli lilly
- Bayer cropscience
- Sun pharma
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The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
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- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology Matrix
- Value Chain
Regional analysis of the Hypersensitivity Pneumonitismarket report includes
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
Hypersensitivity PneumonitisMarket Report Highlights:
- Overview of Global Healthcare Market
- Evolution of the technology
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Hypersensitivity Pneumonitis Market: Segmentation
Tentatively, the global hypersensitivity pneumonitis market has been segmented on the basis of type, therapy and retail sales channel.
- Acute hypersensitivity pneumonitis
- Sub-acute hypersensitivity pneumonitis
- Chronic hypersensitivity pneumonitis
By retail sales channel :
- Hospital pharmacy
- Online pharmacy
- Retail pharmacy
- Drug stores
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