The global allergy immunotherapy market is anticipated to grow at a CAGR 8.2% during the forecast period. The factor such as increasing awareness of allergies in the patients is anticipated to propel the growth of the allergy immunotherapy industry. According to the World Allergy Organization, an increase in the pervasiveness of allergies has been witnessed and around 30% of the world population has allergic rhinitis. As per the Centers for Disease Control and Prevention (CDC), more than 8% of the adults in the US suffer from sinusitis and hay fever. The awareness created by these organizations, governments of different countries has sanctioned budget for the R&D of allergy immunotherapy as an effective cure. Thus, this factor has a positive impact on the growth of the allergy immunotherapy market during the forecast period.
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The factor such as the growing prevalence of gastrointestinal diseases, rising investments, and funding in the field of life science research that boost the growth of the allergy immunotherapy market during the forecast period. Allergy immunotherapy is also known as hypo-sensitization. It is a type of medical treatment that allows for tackling various types of allergies. There has been significant growth in the various types of allergies across the globe. Pharmacotherapy is not enough to tackle and control the occurrence of these allergic disorders. Therefore, it is a major driving factor for the development of the allergy immunotherapy market. The use of these treatments enables in building up the tolerance level against the allergic substances and enables in altering the course of the disorders.
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Market Segmentation
Global Allergy Immunotherapy Market by Type
• Allergic Rhinitis
• Allergic Asthma
• Food Allergy
• Drug Allergy
• Others
Global Allergy ImmunotherapyMarket by Treatment
• Subcutaneous Immunotherapy
• Sublingual Immunotherapy
Global Allergy Immunotherapy Market by Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Aimmune Therapeutics, Inc.
• ALK-Abello A/S
• Allergopharma (A Division of Merck KGaA)
• Allergy Therapeutics PLC
• Biomay AG
• CircassiaPharmaceuticals PLC
• DBV Technologies S.A.
• Desentum Oy
• HAL Allergy Group
• Jubilant Life Sciences, Ltd.
• LetiPharma
• Merck KGaA
• Sandoz, Inc.
• Stallergenes GREER, Ltd.
• Torii Pharmaceutical Co, Ltd.
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