Growing number of geriatrics population is expected to drive Allergy Treatment market expansion in the near future at a CAGR of 6.10% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Allergy Treatment Market”.

The allergy treatment market is estimated to register a CAGR of 6.10% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the allergy treatment market— Akorn, Incorporated (US), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Novartis AG (Switzerland), Mylan N.V. (US), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Boehringer Ingelheim International GmbH. (Germany), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Bayer AG (Germany), and Merck & Co., Inc. (US).

Market Highlights

The allergy treatment market is accounted to register a CAGR of 6.10% during the forecast period and is estimated to reach USD 36.12 billion by 2032.

The allergy treatment market is driven by a rising prevalence of allergies globally, heightened awareness, and advancements in treatment options. However, restraints include the high cost of allergy medications and limited access to healthcare in certain regions. Opportunities lie in the development of novel therapies and personalized medicine approaches. Challenges include regulatory hurdles for new treatments, potential side effects, and the need for accurate diagnostic tools.

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Segment Analysis

The allergy treatment market has been segmented based Type and Treatment.

On the basis of Type, the market is segmented into Eye Allergy, Rhinitis, Asthma, Skin Allergy, Food Allergy, and Other Allergies. The Rhinitis is segment was attributed to holding the largest market share in 2022. Allergic reactions that impact the nose, sinuses, and throat are collectively known as rhinitis. This condition is widespread worldwide, typically managed with a mix of antihistamines, decongestants, and nasal corticosteroids. The most rapidly expanding segment is Food Allergy, driven by greater recognition and diagnosis of food-related allergies. As food allergies become more common and allergen avoidance gains importance, there is an increasing need for advanced treatments in the food allergy sector, leading to its swift expansion in the allergy treatment market

Based on Treatment, the allergy treatment market has been segmented into Anti-allergy Drugs, Immunotherapy. The Anti-allergy Drugs segment was expected to hold the largest market share in 2022. Anti-allergy medications are commonly recommended for different allergic conditions, providing rapid relief from issues like sneezing, itching, and congestion. The most rapidly expanding sector is Immunotherapy, which focuses on allergen-specific therapies designed to alter the immune system's response and deliver lasting relief. Immunotherapy, especially in subcutaneous and sublingual formats, is increasingly popular for its ability to modify diseases, providing enduring advantages and tackling the root causes of allergies

Regional Analysis

The allergy treatment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe allergy treatment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The allergy treatment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World allergy treatment market comprises of Middle East, Africa, and Latin America.

The largest market share for allergy treatment was maintained by the North American regional sector. This increase is attributed to high prevalence of allergies, with a significant portion of the population experiencing various allergic conditions. Secondly, the region boasts advanced healthcare infrastructure, allowing for widespread access to allergy diagnosis and treatment options.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for allergy treatment is driven by increasing awareness of allergic conditions among the population, leading to higher rates of diagnosis and treatment-seeking behavior. Additionally, advancements in healthcare infrastructure and access to medical services contribute to better management of allergies in Europe.

Additionally, Asia Pacific is poised to witness rapid growth in the allergy treatment market due to several key factors. Firstly, the region is experiencing significant economic development and urbanization, leading to improved healthcare infrastructure and greater access to medical facilities. As a result, more individuals are seeking medical attention for allergic conditions, driving up the demand for allergy treatments.

Furthermore, the rest of the world's allergy treatment market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the healthcare infrastructure, especially in rural areas, and lower awareness levels about allergies and their treatments compared to more developed regions. Additionally, socioeconomic factors like poverty, lack of education, and cultural beliefs may hinder the adoption of allergy treatments.

Key Findings of the Study

• The allergy treatment market is expected to reach USD 36.12 billion by 2032, at a CAGR of 6.10% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the economic development and urbanization.


• Based on Type, the Rhinitis segment was attributed to holding the largest market in 2022, with an approximate market share of 40–55%.


• Akorn, Incorporated (US), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Novartis AG (Switzerland), Mylan N.V. (US), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Boehringer Ingelheim International GmbH. (Germany), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Bayer AG (Germany), and Merck & Co., Inc. (US) are the key players in this market.