Allergy Immunotherapy Market
Allergy
Immunotherapy Market Insights:
Market
Research Future (MRFR)’s latest report reveals that the global allergy
immunotherapy market is set to exhibit a steep rise in growth registering a
CAGR of 10.85% during the forecast period 2017 to 2023. The market has been
estimated to reach a valuation of USD 4,324.7 Mn by the end of 2023. The
widespread prevalence of allergies has fueled demand in the allergy
immunotherapy market. The trend is anticipated to perpetuate over the next
couple of years. According to a report published by the World Health
Organization (WHO), approximately 10-40% of the population was suffering from
allergy in 2013.
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The
increasing patient pool coupled with the availability of advanced allergy
treatment procedures has augured well for the players of the allergy
immunotherapy market. The market is expected to remain highly lucrative in the
foreseeable future, and the increased investments in clinical trials and
research & development activities are set to catapult the market on an
upward trajectory.
The
developing healthcare sector in emerging markets in Latin America, Asia, etc.
are anticipated to steer the growth of the allergy immunotherapy market. Other
favorable factors encouraging the growth of the market include increasing
awareness of the treatment, technological advancement, growth strategies of
major players, etc.
Allergy
Immunotherapy Market Segmentation:
By
allergy type, the global allergy immunotherapy market has been segmented into
allergic rhinitis, allergic asthma, peanut allergy, cat allergy, and other
allergies. The allergic rhinitis segment currently accounts for a dominant
share of the market. Meanwhile, the peanut allergy segment is estimated to
register a CAGR of 11.3%.
By
treatment, the allergy immunotherapy market is segmented into Subcutaneous
Immunotherapy (SCIT), sublingual immunotherapy, and Specific Immunotherapy
(SIT). The Subcutaneous Immunotherapy (SCIT) segment holds the largest share of
the market and is projected to reach a valuation of USD 2,089.2 by 2023.
Allergy
Immunotherapy Market Regional Analysis:
By
region, the global allergy immunotherapy
market has been segmented into Americas,
Europe, Asia Pacific, and the Middle East & Africa. Europe accounts for the
maximum share of the market and is expected to retain a significant share of
the market towards the end of the assessment period. Led by Western Europe, the
factors favoring the growth of the regional market are increasing patient pool,
rising healthcare expenditure, etc.
Americas
market is estimated to reach a valuation of USD 1,409.6 Mn by 2023. The growth
is attributable to the increasing awareness regarding treatment of allergies
and high prevalence of allergic rhinitis & skin allergy.
Asia
Pacific is projected to register a CAGR of 11.32% during the forecast period.
Meanwhile, the U.A.E. currently holds 53.5% share of the Middle East &
Africa market and resonates strong opportunities for growth.
Allergy
Immunotherapy Market Competitive Dashboard:
Some
of the key players profiled in the report are ALK Abello A/S (Denmark), DBV
Technologies (France), Stallergenes Greer (UK), HAL Allergy Group (Netherlands),
Allergy Therapeutics (UK), Merck KGaA (Allergopharma) (Germany), and Circassia
(UK) among others.
Industry
Developments:
In
August 2018, Arrayit Corporation, life sciences, and personalized medicine
company announced its partnership with multiple providers of allergen
immunotherapy products for allergy testing to treat patients with allergy and
asthma.
In
August 2018, Astria Sunnyside Hospital announced the availability of an allergy
testing and treatment program. Allergy treatment options being offered at the
hospital include sublingual immunotherapy and regular allergy shots.
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Complete Report with Toc @ https://www.marketresearchfuture.com/reports/allergy-immunotherapy-market-1517
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