Allergy Treatment Market size is forecast to reach $28.71 billion by 2025, growing at a CAGR of 6.89% during the forecast period 2020-2025. Allergy is a condition in which the immune system reacts abnormally to a foreign substance. Increasing number of cases of allergic diseases like hay fever and anaphylaxis, increasing demand for non-prescribed OTC (over-the-counter) drugs for allergy treatment, and rapid growth of self-medication among consumers are major factors driving the growth of the market. Rising investment patterns in allergy drug development by the manufacturers and research and development of novel allergy immunotherapy (AIT) is expected to further enhance the overall Allergy Treatment Market demand during the forecast period 2020-2025. Allergy Treatment Industry Analysis is based on type, treatment, dosage, distribution channel and geography.

Key Takeaways

North America region dominates the Allergy Treatment Market owing to increase in investments in healthcare by key market players, rising geriatric population and growth of R&D expenditure for the development of allergy treatment. The Allergy Treatment Market scope for different regions will be provided in the final report.

Growing cases of allergic disorders, increasing demand for non-prescribed allergen drugs and increasing demand for self-medication in consumers has helped in significant growth of Allergy Treatment Market.

Increasing cases of related diseases like asthma in young and old population is expected to drive industry growth during the forecast period 2020-2025.

Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the Allergy Treatment Market report.

Increasing competition from biosimilars market and health concerns regarding side effects of allergy drugs are anticipated to hamper the market growth of the Allergy Treatment Industry.

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Geography – Segment Analysis

North America dominates the geography segment of Allergy Treatment Market with a share of more than 39.5%, followed by Europe. In recent years, allergy cases in the United States have increased at an alarming rate. For instance, allergy from shellfish stands at 8.2 million, milk at 6.1 million and peanut at 6.1 million. Rising number of allergy cases among the young age and old age people has further fuelled the Allergy Treatment market growth in this region.

Drivers – Allergy Treatment Market :

1. Growing cases of allergic disorders
2. Increasing demand for self-medication

Allergy Treatment Market Outlook : Allergy Treatment Market top 10 companies are Johnson & Johnson, Allergy Therapeutics plc, Allergon AB, Merck Kgaa, Alk-Abello A/S, Sanofi SA, Allergan Plc., Stallergenes Greer plc, Collegium Pharmaceutical, and Merck & Co. Inc. among others.

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