Allergy Immunotherapy Market Research Report Information By Treatment (Sublingual Immunotherapy, Subcutaneous Immunotherapy, and Specific Immunotherapy), By Allergy Type (Allergic Rhinitis, Allergic Asthma, Peanut Allergy, Cat Allergy, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Allergy Immunotherapy Market Size was valued at USD 2.4 billion in 2022. The Allergy Immunotherapy market industry is projected to grow from USD 2.6 Billion in 2023 to USD 4.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.8% during the forecast period (2023 – 2030). The market is expanding due to rising demand for various medications to cure illnesses.
Allergy immunotherapy, also known as desensitization or hypo-sensitization therapy, is a medical treatment for allergies that aims to reduce the body’s sensitivity to allergens, the substances that trigger allergic reactions. The allergy immunotherapy market refers to the industry that produces and sells products and services related to allergy immunotherapy. This can include allergens for testing and treatment, as well as delivery systems such as injections, drops, or tablets. The market also includes diagnostic tools and equipment used to identify allergens and evaluate the effectiveness of immunotherapy.
The COVID-19 pandemic has had a significant impact on the allergy immunotherapy market. Allergy immunotherapy, also known as allergy shots, involves administering small amounts of allergens to patients over a period of time to help reduce their allergy symptoms.
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During the early stages of the pandemic, there was a decrease in demand for allergy immunotherapy as many people postponed their appointments or switched to telemedicine consultations due to concerns about exposure to the virus. However, as the pandemic has continued, many people have resumed their allergy immunotherapy treatments as they have become more comfortable with in-person visits to healthcare facilities.
Allergy Immunotherapy Market Segmentation
The allergy immunotherapy market has been segmented into allergy type and treatment.
Based on the allergy type, the market has been segmented into Allergic Rhinitis, Allergic Asthma, Peanut Allergy, Cat Allergy and others.
Based on the treatment, the market has been segmented into Sublingual Immunotherapy, Subcutaneous Immunotherapy and Specific Immunotherapy.
Allergy Immunotherapy Market Key Players
Some of the key market players are:
- ALK Abello (U.K.)
- Allergy Therapeutics (U.K.)
- Circassia (U.K.)
- DVB Technologies (U.K.)
- HAL Allergy Group (U.K.)
- Merck KGaA Allergopharma (U.K.)
- Stallergenes Greer (U.K.)
Allergy Immunotherapy Market Regional Analysis
The largest region of the allergy immunotherapy market is North America, which includes the United States and Canada. This is due to a number of factors, including a high prevalence of allergies in the region, a well-developed healthcare infrastructure, and a strong presence of major pharmaceutical companies that specialize in the development and production of allergy immunotherapy treatments.
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Other regions, such as Europe and Asia-Pacific, are also growing markets for allergy immunotherapy, driven by increasing awareness of allergies and the availability of new and improved treatments.
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