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Allergy Immunotherapy Market

: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Allergy Immunotherapy Market: By Treatment Type (Subcutaneous Immunotherapy (SCIT), Sublingual Immunotherapy (SLIT), and Specific Immunotherapy (SIT)), By Allergy Type (Allergic Rhinitis, Asthma, Food Allergy, Venom Allergy, and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy and Drug Stores, and Online Pharmacy) and Geography 

 

 

Allergy Immunotherapy Market Size and Overview:

 

The global allergy immunotherapy market is expected to be valued at US$ 1,947.2 Mn in 2018 and growing at a CAGR of 9.1% over the forecast period to reach US$ 3,378.7 Mn by 2025 owing to growing occurrence of sensitivities such as allergies and ineffective treatment procedures, such as pharmacotherapy, to control the prevalence rate of allergies are the major factors boosting the adoption of allergy immunotherapy, which is considered as a designated treatment for various types of allergies. Increasing death rates due to allergies is the main reason due to which government is supporting to invest in research and development to provide the better and improved treatment options for the patients. For instance, According to American College of Allergy, Asthma, & Immunology, various allergies are the sixth leading cause for the development of chronic disorders in United States. More than 85% of people suffering from allergies were reduced the symptoms with the help of allergic immunotherapies.

 

Global Allergy Immunotherapy Market Report Description:

Global allergy immunotherapy market report gives comprehensive outlook on allergy immunotherapy across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global allergy immunotherapy market gives historical, current, and future market sizes (US$ Mn) on the basis of treatment type, allergy type, distribution channel, and region. This report studies global allergy immunotherapy market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global allergy immunotherapy market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global allergy market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global allergy immunotherapy products.

 

Increasing awareness among the patients drives the growth of the market

The prevalence of allergic patients are being increasing every year. According to the WAO (World Allergy Organization), a prominent growth in the ubiquity of allergies has been observed in the recent past. More than 30% of the total global population are suffering from allergic rhinitis. According to Health Statistics, around 8% of the U.S. adults suffer from sinusitis and hay fever. To create awareness among the population on allergies, number of government organizations came forward to support the program to create awareness among the population regarding the benefits of the allergy immunotherapy.

 

Europe Accounts is expected to grow with Highest CAGR in Global Allergy Immunotherapy Market

Europe is expected to grow with highest CAGR over the forecast years owing to surge in awareness among the population and accessibility of number of allergic immunotherapy treatment options coupled with increasing investments in development of novel drugs and therapy procedures for the allergic treatments are anticipated to drive the growth of the market. Moreover, increasing number of products in clinical trials and rising number patients in the region are fueling the growth of the market. Asia Pacific and Latin America are expected to grow with significant CAGR over the forecast period.

 

Competition Assessment

Key player’s profiles in the global allergy immunotherapy market include:

  • Stallergenes Greer
  • ALK
  • Allergy Therapeutics
  • Merck KGaA
  • HAL Allergy B.V.
  • Biomay AG
  • Anergis
  • Aimmune Therapeutics
  • Circassia
  • DBV Technologies

 

Key Developments:

 

  • In January 2019, Sandoz Inc., has announced the U.S. market introduction of SYMJEP (epinephrine) 0.3 mg injection for the emergency treatment of allergic reactions (Type 1)
  • In June 2018, Aimmune Therapeutics, declared phase 3 trial results for AR101, an oral immunotherapy medication focused on peanut allergies, have met all the end points required by the U.S. Food and Drug Administration (FDA)

 

Detailed Segmentation

 

By Treatment Type  

  • Subcutaneous Immunotherapy (SCIT)
  • Sublingual Immunotherapy (SLIT)
  • Specific Immunotherapy (SIT)

By Allergy Type    

  • Allergic Rhinitis
  • Asthma
  • Food Allergy
  • Venom Allergy
  • Others

 

By Distribution Channel     

  • Hospital Pharmacy
  • Retail Pharmacy and Drug Stores
  • Online Pharmacy

Geography

 

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

 

Key Findings of the Report:

 

  • Global allergy immunotherapy market expanding at significant CAGR over 2018 to 2024 owing to increasing prevalence of allergic diseases
  • Based on region, Europe accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market