Global House Dust Mite Allergy Market Size, Share, Price, Trends, Growth, Analysis, Outlook, Forecast 2024-2033


Posted January 31, 2024 by SushmithaTBRC

The house dust mite allergy market size has grown rapidly in recent years. It will grow from $1.9 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%

 
The House Dust Mite Allergy by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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https://www.thebusinessresearchcompany.com/report/house-dust-mite-allergy-global-market-report
In accordance with The Business Research Company's comprehensive analysis on House Dust Mite Allergy, the market has exhibited substantial growth in recent years, surging from $1.9 billion in 2024 to a projected $2.18 billion by the same year, showcasing an impressive compound annual growth rate (CAGR) of 14.9%. This unprecedented expansion during the historical period can be ascribed to heightened awareness, educational initiatives, strides in diagnostic tools, extensive research endeavors, clinical studies, infrastructure development in healthcare, and the adherence to stringent regulatory guidelines and standards.

Anticipating a continued trajectory of remarkable development, the house dust mite allergy market is poised to burgeon to an estimated $3.69 billion by 2028, accompanied by a noteworthy CAGR of 14.0%. The predicted upswing in the forecast period is attributable to bolstering regulatory support, a focus on allergen labeling, an upsurge in allergy prevalence, the integration of telemedicine and remote care, an amplified emphasis on precision medicine, and the proliferation of allergen-avoidance products. Noteworthy trends in this anticipated period encompass the implementation of public health awareness campaigns, the seamless integration of digital health solutions, an intensified emphasis on indoor environmental quality, the proliferation of immunotherapy solutions, and the continuous advancements in allergen avoidance products.

The prevalence of asthma diseases is expected to propel the growth of the house dust mite allergy market going forward. Asthma refers to a disease that causes one's airways to constrict, swell and occasionally create more mucus that affects the lungs creating breathing issues. The patients suffering from asthma could easily affect by the surrounding dust which makes them more allergic and would increase their disease condition and need of several anti-allergic drugs, as a result, the increasing prevalence of asthma diseases increases the demand for house dust mite allergy treatments. For instance, in October 2021, according to the London School of Hygiene and Tropical medicine, an England-based public university, the prevalence of asthma increased by about more than 2% in Africa and 1 % every 10 years in Europe. Furthermore, in April 2024, according to Asthma + Lung UK, a UK-based non-profit organization defending the freedom to breathe, between 2021 and 2022, hospital admissions for children with Asthma surged by 149 percent in England and Wales. Therefore, the prevalence of asthma diseases is driving the house dust mite allergy market.

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The house dust mite allergy market covered in this report is segmented –
1) By Product Type: Tablets, Nasal Drops, Injectable
2) By Treatment Type: Medication, Immunotherapy, Nasal Irrigation, Other Types
3) By Diagnosis: Skin Prick Test (SPT), Specific Immunoglobulin E (IgE) Blood Test, Other Diagnosis
4) By Dosage Forms: Solid, Liquid
5) By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users

Prominent entities within the house dust mite allergy market are strategically concentrating on pioneering initiatives in the development of innovative anti-allergy drugs to fortify their market standing. Defined as pharmaceutical substances engineered to alleviate or prevent allergy symptoms, these drugs play a pivotal role in enhancing the quality of life for allergy sufferers. A case in point is Bausch + Lomb, a Canada-based leader in eye health products, which, in February 2021, introduced Alaway Preservative Free antihistamine eye drops – a groundbreaking FDA-approved over-the-counter (OTC) preservative-free antihistamine eye itch relief drop. Tailored for the estimated 80% of allergy sufferers grappling with itchy eyes, particularly during allergy seasons, this product offers rapid and enduring relief without preservatives. Leveraging a prescription-strength formula, Alaway Preservative Free effectively blocks histamine release, mitigating allergic inflammation and delivering relief within minutes. Its effects endure up to 12 hours with just one dose, presenting a novel and highly efficacious solution for addressing eye itch symptoms among allergy sufferers. This innovation represents a significant stride towards more effective management of allergy-related symptoms, underscoring the commitment to advancing healthcare solutions in the realm of allergic conditions.

The house dust mite allergy market report table of contents includes:
1. Executive Summary
2. House Dust Mite Allergy Market Characteristics
3. House Dust Mite Allergy Market Trends And Strategies
4. House Dust Mite Allergy Market - Macro Economic Scenario
5. Global House Dust Mite Allergy Market Size and Growth

....

31. Global House Dust Mite Allergy Market Competitive Benchmarking
32. Global House Dust Mite Allergy Market Competitive Dashboard
33. Key Mergers And Acquisitions In The House Dust Mite Allergy Market
34. House Dust Mite Allergy Market Future Outlook and Potential Analysis
35. Appendix

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Tags house dust mite allergy market , house dust mite allergy market size , house dust mite allergy market share
Last Updated January 31, 2024