Allergy Immunotherapy Market to Surge Due to Escalated Demand from Emerging Economies

Pune, India, May 2022, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Allergy Immunotherapy Market.

Global Allergy Immunotherapy Market Highlights

The Allergy Immunotherapy market is projected to achieve a CAGR of 10.8 % while accumulating revenues valued at USD 4.9 billion by the end of the forecast period.

The increased predisposition of individuals to allergies is expected to create an advantageous backdrop for the growth of the allergy immunotherapy market. Reports that assess the healthcare industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts. 

The increased occurrence of chronic diseases such as asthma, allergy, and diabetes are expected to benefit the allergy immunotherapy market. The market is expected to achieve traction due to the rise in research & development and clinical trials being conducted to test the drugs being formulated. Furthermore, an increased flow of capital in the allergy immunotherapy market is expected to accelerate market growth in the approaching period.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Allergy Immunotherapy Market Research Report

Segmental Analysis

The segmental analysis of the allergy immunotherapy market is conducted on the basis of allergy type, treatment, and region. Based on allergy type, the allergy immunotherapy market has been segmented into cat allergy, allergic asthma, allergic rhinitis, peanut allergy, and other allergies. The segmentation of the allergy immunotherapy market based on treatment comprises of Sublingual Immunotherapy, Subcutaneous Immunotherapy (SCIT), and Specific Immunotherapy (SIT). The sublingual immunotherapy segment is additionally sub-segmented into sublingual immunotherapy tablets and sublingual immunotherapy drops. On the basis of regions, the allergy immunotherapy market is segmented into regions such as the Americas, Europe, the Middle East Asia Pacific, and Africa.

Regional Analysis

The regional evaluation of the allergy immunotherapy market comprises of regions such as the Americas, Europe, the Middle East Asia Pacific and Africa. As per the analysis, the European region is the highest contributor in this market. The upsurge in the incidence of chronic diseases like asthma, allergy, diabetes, and hypertension are expected to drive the allergy immunotherapy market in the European region. Furthermore, due to the elevated occurrence of allergic rhinitis and skin allergy, along with the growing awareness concerning the treatment of allergies, the allergy immunotherapy market in the US was assessed USD 329.2 million in 2016. The Asia Pacific region is observing speedy development in the allergy immunotherapy market, which is primarily owing to the speedily growing awareness of treatments, and mounting healthcare spending. Due to this factor, the allergy immunotherapy market in the Asia Pacific region is anticipated to increase at a CAGR of 11.32% throughout the forecast period. The Middle Eastern and African region is likely to have restricted growth in the forecast period. In the Middle East and African region, UAE is controlling the market by possessing a 53.5 % share of the market in the forecast period.

Competitive Analysis

A substantial ascent in the number of promoters in the market is anticipated to shape a beneficial state of activities for the growth of the market in the forecasted period. The growth of the market is influenced by the presence of factors that are stimulating the growth of the market. The need to create a sustainable competitive advantage has accelerated the progress of the market in the forecast period. The use of strategic tools to further the development of the market in the coming years. The competitors have adopted diversified plans to increase their chances for success in the market. The diversified consumer tastes and trends in the market are anticipated to lead to an escalated development rate in the market. The creation of great competitive advantages is expected to aid in the development of the market. The access to vital planned prospects imperative to the resultant stabilization of inflation is likely to produce a promising option for advancement in the forthcoming years.

The chief players in the allergy immunotherapy market are Allergy Therapeutics (UK), Merck KGaA (Allergopharma) (Germany), Circassia (UK), DBV Technologies (France), ALK Abello A/S (Denmark), Stallergenes Greer (UK), HAL Allergy Group (Netherlands) and others.