Allergy Treatment Market Key Players, Competitive Strategies, Regional Analysis Forecast 2028
Allergies are hypersensitive responses from the immune system to substances that either enter or come in contact with the human body. A substance that causes an allergic reaction is called an allergen. Allergic substances commonly include materials such as pet dander, pollen, bee venom, etc. Allergy treatments vary depending on the severity of condition and the type of allergies the person is suffering. The major symptoms of allergic reactions include itching in the nose, roof of the mouth, throat, or eyes as well as sneezing, stuffy nose (congestion), teary eyes, and others.
The global allergy treatment market is expected to register significant growth in the forecoming years. Major factors driving growth of the global target markets are increasing incidence of allergic reactions. In addition, growing population, government initiatives, favorable reimbursement policies, rising healthcare expenditure, growing incidences of respiratory disorder are some of the other factors expected to drive the growth of the target market over the forecast period.
The global allergy treatment market report has been segmented on the basis of type, treatment, dosage form, distribution channel, and region.
On the basis of basic of type, the global market has been segmented into eye allergy, skin allergy, food allergy, asthma, rhinitis, and others. On the basis of treatment, the global market has been segmented into anti-allergy drugs and immunotherapy. On the basis of dosage form, the global market has been segmented into oral, inhalers, intranasal, and others. On the basis of distribution channel, the global market has been segmented into hospital pharmacies, online pharmacies, and independent pharmacies & drug stores. On the basis of region, the global markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America allergy treatment market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. This is primarily attributed to rising preferences toward over-the-counter drugs for allergy treatment and rising health care expenditure in country in the region. However, Asia Pacific allergy treatment market is projected to register highest CAGR in the next five years, due to increased health awareness among consumers and rising neurological disorders in countries in the region.
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Key players operating in the global allergy treatment market includes GlaxoSmithKline plc, ALK-Abelló A/S, Stallergenes Greer plc, Allergy Therapeutics PLC, Sanofi SA, Johnson & Johnson, Merck KGaA, F. Hoffmann-La Roche AG, Allergan plc., and Collegium Pharmaceutical, Inc.
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