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Allergy Treatment Market- Growth, Trends, and Forecasts (2020 - 2025)

The Allergy Treatment Market is Segmented by Type, by Treatment (Anti-Allergy Drugs and Immunotherapy), and Geography

Allergy Treatment Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

8.54 %

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Market Overview

The major factors for the growth of the allergy treatment market include the increasing burden of various types of allergies, increased investment by the manufacturers on the development of novel allergic treatments, and rising importance for self-medication.

The rising cases of allergies are expected to increase the demand for allergy immunotherapy, leading to the high growth of the market over the forecast period. According to the International Study of Asthma and Allergies in Childhood (ISAAC), about 22.1% of young children aged between 13 and 14 years are affected by hay fever, which was globally published in World Allergy Week 2016 fact sheet.

As per the data published by the American College of Allergy, Asthma & Immunology, allergies are the sixth leading cause of chronic illness in the United States, with an annual cost in excess of USD 18 billion, and more than 50 million Americans suffer from allergies each year. There is an increase in the number of people suffering from food allergies among both children and adults, globally. Hence, the increasing burden of allergic diseases is expected to aid the demand for allergy treatment.

Scope of the Report

As per the scope of the report, allergy is a condition in which the immune system reacts abnormally to a foreign substance. The allergy treatment involves drugs and therapies that reduce the symptoms of allergies and/or help the immune system prepare for future encounters.

By Type
Eye Allergy
Rhinitis
Asthma
Skin Allergy
Food Allergies
Other Allergies
By Treatment
Anti-Allergy Drugs
Antihistamines
Corticosteroids
Decongestants
Other Drugs
Immunotherapy
Sub-cutaneous Immunotherapy (SCIT)
Sub-Lingual Immunotherapy (SLIT)
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Subcutaneous Immunotherapy (SCIT) is Expected to Register a High Growth Rate During the Forecast Period

Subcutaneous immunotherapy (SCIT), is the most commonly used and most effective form of allergy immunotherapy and it is the only treatment available that actually changes the immune system, making it possible to prevent the development of new allergies and asthma. 

The rising approval of immunotherapy is the major factor driving the growth of the market. For instance, recently, in 2018, one of the major market players, Stallergenes Greer received approval from the United States Food and Drug Administration (FDA) for the extension of the indication for Oralair, an allergy immunotherapy sublingual tablet, to treat patients ages 5 to 9 with grass pollen-induced allergic rhinitis. 

Furthermore, governments are taking initiatives to increase awareness about allergies among the population, for instance recently, in January 2018, the Ministry and the Japanese Society of Allergology opened a dedicated website about allergies. Thus, owing to the rising burden of allergies and awareness among the population the market is expected to witness high growth.

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North America is Expected to Dominate the Allergy Treatment Market

North America is expected to dominate the market accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period.

According to an article by Ruchi Gupta et al. published in JAMA Network Open Journal, an estimated 10.8% were food allergic at the time of the survey, whereas nearly 19% of adults believed that they were food allergic. Nearly half of food-allergic adults had at least 1 adult-onset food allergy, and 38% reported at least 1 food allergy-related emergency department visit in their lifetime. This prevalence is very high. However, the United States has a very developed healthcare System. It also invests large amounts into research and development. 

Hence, US healthcare has the ability to provide treatment to nearly all of its population. Hence the US allergy treatment market is expected to cover a large share of the market.

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Competitive Landscape

The majority of the allergy treatment products are being manufactured by the global key players. The market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness and this has also helped the market to grow.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 The Increasing Importance for Self-medication

      2. 4.2.2 Rising Incidence of Food Allergies Across the Globe

      3. 4.2.3 Rising Investments by the Manufacturers on the Development of Novel Allergic Treatments

    3. 4.3 Market Restraints

      1. 4.3.1 Rise in Preference Towards the Use of Biosimilars

      2. 4.3.2 Low Awareness of Allergy Immunotherapy (AIT) Among Patients

    4. 4.4 Porter’s Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Eye Allergy

      2. 5.1.2 Rhinitis

      3. 5.1.3 Asthma

      4. 5.1.4 Skin Allergy

      5. 5.1.5 Food Allergies

      6. 5.1.6 Other Allergies

    2. 5.2 By Treatment

      1. 5.2.1 Anti-Allergy Drugs

        1. 5.2.1.1 Antihistamines

        2. 5.2.1.2 Corticosteroids

        3. 5.2.1.3 Decongestants

        4. 5.2.1.4 Other Drugs

      2. 5.2.2 Immunotherapy

        1. 5.2.2.1 Sub-cutaneous Immunotherapy (SCIT)

        2. 5.2.2.2 Sub-Lingual Immunotherapy (SLIT)

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ALK-Abello A/S

      2. 6.1.2 Allergy Therapeutics

      3. 6.1.3 Sanofi SA

      4. 6.1.4 Allergan Plc.

      5. 6.1.5 Merck KGaA (Allergopharma)

      6. 6.1.6 F. Hoffmann-La Roche Ltd. (Genentech Inc.)

      7. 6.1.7 Stallergenes Greer plc

      8. 6.1.8 Johnson & Johnson

      9. 6.1.9 GlaxoSmithKline plc

      10. 6.1.10 Leti Pharma

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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