Published: Mar, 2019
The demand within the global market for allergy treatment has been rising in account of advancements in the field of medical treatments, finds Transparency Market Research (TMR). The presence of a seamless medical sector has compelled several market vendors to introduce new anti-allergens in the market. Furthermore, the market vendors have also created a plethora of opportunities for themselves by forming strategic alliances. Moreover, the competitive dynamics of the global market for allergy treatment have also improved in recent times. There exists healthy competition amongst the market players, and this is a positive sign for the overall competitive landscape.
The strategic business growth of the market players is an indicator of an open market. Furthermore, the weak barriers to the entry of newbie vendors in the global allergy treatment are also a salient feature of the market. The leading market players in the global allergy treatment market are projected to acquire smaller vendors in order to widen their profit margins. The market players are also expected to expand their operations across new regional pockets in the years to come. Some of the key vendors in the global market for allergy treatment are Allergy Therapeutics, Allergon AB, Allergan, Sunovion Pharmaceuticals Inc., and HAL Allergy Group.
Transparency Market Research (TMR) prognosticates that the global market for allergy treatment would expand at a moderate CAGR of 5.5% over the period between 2017 and 2025. Furthermore, the overall value of the global market for allergy treatment is also expected to multiply by the end of the forecast period. On the basis of end-user, anti-allergen are most extensively used by children and the elderly. Based on geography, the demand for allergy treatment in North America is expected to rise at a starry rate in the years to come.
Rise in Pollution Levels to Propel Market Demand
Several allergens are suspended in the air, and it is important to ensure a clean environment to curb allergies. Hence, the rising pollution levels have created commendable demand within the global market for allergy treatment in recent times. Furthermore, several food products can also be allergic to certain people, and this has in turn given an impetus to the growth of the global market for allergy treatment. Moreover, the global market for allergy treatment is also expected to expand alongside key developments in the medical industry.
Alternative Treatments to Restrain Market Growth
The demand within the global market for allergy treatment has been rising at a stellar rate. However, the global market for allergen treatment is expected to experience a setback as people show proclivity towards traditional treatments. Besides, anti-allergens can result in a number of side effects which has also restrained demand within the global market for allergen treatment in recent times. Nevertheless, allergies can be caused by a range of factors, and this factor has created a regular inflow of demand in the overall allergy treatment market in recent times.
The review is based on TMR’s report titled, “Allergy Treatment Market - (Allergy type: Food Allergy, Inhaled Allergy, and Drug Allergy; Treatment - Anti-allergy Drugs (Antihistamines, Corticosteroids, and Leukotriene Inhibitors) and Immunotherapy (Subcutaneous Immunotherapy (SCIT), Sublingual Immunotherapy (SLIT)); Distribution Channel - Hospital Pharmacies, Retail Pharmacies & Drug Stores, and Online Pharmacies) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.
The global allergy treatment market is segmented as follows:
Allergy treatment Market, by Allergy Type
- Food Allergy
- Inhaled Allergy
- Drug Allergy
Allergy treatment Market, by Treatment
- Anti-allergy Drugs
- Leukotriene Inhibitors
- Subcutaneous Immunotherapy (SCIT)
- Sublingual Immunotherapy (SLIT)
Allergy treatment Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies & Drug Stores
- Online Pharmacies
Global Allergy treatment Market, by Major Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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