Allergy Treatment Drugs Market Growth Projection, Cost Structure Analysis, Size Estimation, Key Profile Insights and Global Industry Trends By 2027
An allergy is a medical condition where the immune system reacts abnormally when exposed to certain foreign substances. These allergy-producing substances are known as allergens. Allergens can be dust particles, mites, molds, pollens, animal proteins, foods, and medications.
Allergies can be perennial or seasonal. Perennial allergies occur due to specific allergens that cause an allergic reaction throughout the year. Allergens responsible for perennial allergies include pet hair or dander, food, and medication. Seasonal allergies occur due to weather changes that allow growth of mold, insect or grass. Seasonal allergies are caused by airborne allergens such as pollens and ragweed. Symptoms of allergic reactions include itching, runny & blocked nose, watery eyes, wheezing, shortness of breath, swelling in lips, eyes or face, sneezing, and others.
Request Sample Copy of the Business Report: https://www.coherentmarketinsights.com/insight/request-sample/3499
Global Allergy Treatment Drugs Market – Dynamics
Rising incidence of allergic conjunctivitis and rhinitis is expected to propel growth of the global allergy treatment drugs market over the forecast period. For instance, according to the article published in the Asia Pacific Association of Allergy, Asthma and Clinical Immunology, in April 2019, simple allergic conjunctivitis affects around 10% to 30% of the population globally. Moreover, according to the National Health Interview Survey, 2018, around 19.2 million adults and 5.2 million children were diagnosed with allergic rhinitis in the U.S. in 2017.
Moreover, various mergers, agreements, and acquisitions among key players are expected to drive the growth of allergy treatment drugs market over the forecast period. For instance, in July 2018, Glenmark Specialty S.A., a division of Glenmark Pharmaceuticals Ltd. (Glenmark), entered into an exclusive licensing agreement with Seqirus Pty. Ltd., to commercialize Ryaltris in Australia and New Zealand. Ryaltris is a nasal spray used for the treatment of symptoms associated with seasonal allergic rhinitis. Furthermore, rising product approvals by the regulatory authorities are expected to propel the growth of allergy treatment market. For instance, in December 2019, Glenmark Pharmaceuticals Ltd., announced that Seqirus Pty. Ltd., received marketing approval from the Therapeutic Goods Administration (TGA), Australia.
Tailored Information as per niche requirement:
LIMITED TIME OFFER – Hurry Up!
Get Discount For Buyers UPTO 30% OFF On Any Research Report
Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now this Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/3499
Global Allergy Treatment Drugs Market – Regional Insights
North America accounted for the largest market share in 2018, owing to rising approval of novel drugs from regulatory bodies in the region. For instance, in January 2020, Aimmune Therapeutics, Inc. received the U.S. Food and Drug Administration (FDA) approval for PALFORZIA, for the treatment of peanut allergy. Moreover, increasing prevalence of various allergies is also expected to propel growth of the allergy treatment drugs market in the region. For instance, according to the American Academy of Pediatrics (AAP), in 2018, around 5.6 million children had a food allergy in the U.S.
Europe is expected to be the second-largest market for global allergy treatment drugs and it is projected to witness significant growth over the forecast period, owing to increasing number of food allergy incidences in the region. For instance, according to the Food Standard Agency (FSA), in March 2017, around 2 million people were diagnosed with food allergy in the U.K.
Global Allergy Treatment Drugs Market – Competitive Landscape
Key players operating in the allergy treatment drugs market include Aimmune Therapeutics, Inc., Bayer AG, HAL Allergy B.V., Johnson & Johnson Services, Inc., Magna Pharmaceuticals, Inc., Stallergenes Greer, and others.
To understand Research Methodology, please click https://www.coherentmarketinsights.com/ongoing-insight/allergy-treatment-drugs-market-3499
Global Allergy Treatment Drugs Market – Taxonomy
On the basis of allergy type, the global allergy treatment drugs market is segmented into:
- Drug Allergy
- Eye Allergy
- Food Allergy
- Skin Allergy
- Allergic Rhinitis
On the basis of treatment type, the global allergy treatment drugs market is segmented into:
- Anti-allergy Drugs
- Subcutaneous Immunotherapy (SCIT)
- Sublingual Immunotherapy (SLIT)
On the basis of dosage form, the global allergy treatment drugs market is segmented into:
- Nasal Sprays
- Eye Drops
On the basis of distribution channel, the global allergy treatment drugs market is segmented into:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
On the basis of region, the global allergy treatment drugs market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
- CDN Newswire