Allergy immunotherapy market is anticipated to grow at a CAGR of 8.2% during the forecast period. Factor such as increasing awareness of allergies in 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 adults in the US suffer from sinusitis and hay fever. With the awareness created by these organizations; governments of different countries have sanctioned budgets 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.
The factors such as the growing prevalence of gastrointestinal diseases, rising investments, and funding in the field of life science research 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 building up the tolerance level against the allergic substances and enables altering the course of the disorders.
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Allergy Immunotherapy Market- Segmentation
By Type
- Allergic Rhinitis
- Allergic Asthma
- Food Allergy
- Drug Allergy
- Others
By Treatment
- Subcutaneous Immunotherapy
- Sublingual Immunotherapy
By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
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Allergy Immunotherapy Market – Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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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