Research Nester’s recent market research analysis on “Hypersensitivity Pneumonitis Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global hypersensitivity pneumonitis market in terms of market segmentation by treatment, end-user, type and by region.
Growing Usage of Air Conditioners to Promote Global Market Share of Hypersensitivity Pneumonitis
The global hypersensitivity pneumonitis market is estimated to grow majorly on account of the increasing demand for air conditioners. Demand for air conditioners is surging in markets owing to human-induced climate change and rising temperature levels. This may significantly drive market growth since the presence of fungus in an air conditioner in both homes and workplaces can potentially result in hypersensitivity pneumonitis.
Global demand for room air conditioners was more than 90 million units in 2022, compared to around 17 million units for packaged air conditioners.
Some of the major growth factors and challenges that are associated with the growth of the global hypersensitivity pneumonitis market are:
Growth Drivers:
· Surge in Cases of Respiratory Disorders Globally
· Rising Air Pollution
Challenges:
The absence of education regarding hypersensitivity pneumonitis, and the lack of standard guidelines are some of the major factors anticipated to hamper the global market size of hypersensitivity pneumonitis. As there are no awareness campaigns conducted or efforts put in to raise awareness about several diseases including hypersensitivity pneumonitis specifically in developing regions may hamper the market.
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By type, the global hypersensitivity pneumonitis market is segmented into acute, subacute, and chronic. The chronic hypersensitivity pneumonitis segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Chronic hypersensitivity pneumonitis is the most common type of hypersensitivity pneumonitis which develops after continuous exposures to small amounts of the allergen and can lead to irreversible lung damage and scarring. Followed by chronic subacute hypersensitivity pneumonitis falls between the acute and chronic forms and is a phenotype that is particularly challenging to diagnose and typically develops after being exposed to modest doses of antigen intermittently or continuously for a few months. These conditions are typically treated with medicine.
Furthermore, by end-user, the market is segmented into hospitals, online pharmacies, drug stores, and retail pharmacies. Out of which, the hospital segment may garner a notable share on the account of presence of specialized tests such as pulmonary function tests to accurately diagnose hypersensitivity pneumonitis.
By region, the North American hypersensitivity pneumonitis market is to generate the highest revenue by the end of 2035. This growth is anticipated by improved medical awareness. This has significantly led to timely and more precise analysis for various medical conditions including hypersensitivity pneumonitis in the region. Besides this, changing lifestyles of people in the area such as spending more time indoors with improper ventilation is expected to lead to growing cases of hypersensitivity pneumonitis.
In addition, the hypersensitivity pneumonitis market in Europe is poised to hold a significant share on account of growing research & development activities in the region. As a result, more advanced treatment options may develop for hypersensitivity pneumonitis in the region, leading to more individuals seeking for medical care. Moreover, owing to the growing aging population in the European region the cases of hypersensitivity pneumonitis may rise in the coming years. Lately, one in five Europeans is 65 years of age or older and the figure is anticipated to reach over 25% by 2050.
Furthermore, the hypersensitivity pneumonitis market in the Asia Pacific is expected to hold a significant share. The growth can be attributed to rapid urbanization. For instance, it is expected that more than 50% of the people in Asia would live in cities by 2030, and India, China, and Nigeria will together be responsible for over 30% of the anticipated increase in the global urban population between 2018 and 2050. It is expected as more people will move to cities there would be an increase in infrastructure development, leading to poorly ventilated space and higher exposure to pollutants.
This report also provides the existing competitive scenario of some of the key players of the global hypersensitivity pneumonitis market which includes company profiling of Svizera Healthcare Pvt. Ltd., Sanofi S.A., Novo Nordisk A/S, Astra Zeneca Plc., Eli lilly and Company, Bayer AG, Sun Pharmaceutical Industries Ltd., Novartis AG., and others.
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