Press Release

Allergy Treatment Market to be dominated by Rhinitis allergy through 2027

Increasing prevalence of various allergies is expected to drive the growth of global allergy treatment market in the forecast period, 2023-2027.

According to TechSci Research report, “Allergy Treatment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global allergy treatment market is anticipated to grow at a steady rate in the forecast period, 2023-2027. This can be ascribed to the increasing burden of different types of allergies. Additionally, increasing investments by manufacturers for the development of novel allergic treatments is expected to support the market growth during the forecast period. Besides, growing importance for self-medication has further increased the demand for different allergy treatments.

However, increasing popularity of biosimilars can slow down the growth of global allergy treatment markets. Also, the side effects caused due to different anti-allergic treatments can further hamper the growth of global allergy treatment market during the forecast period.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Allergy Treatment Market"

The global allergy treatment market can be segmented by type, by treatment, by route of administration, by distribution channel and by region.

Based on type, the global allergy treatment market can be segmented into eye allergy, food allergy, skin allergy, asthma, rhinitis, and others. The Rhinitis segment is expected to dominate the market during the forecast period. This can be attributed to growing prevalence of rhinitis worldwide.

In terms of treatment, the global allergy treatment market can be split into anti-allergy medications and immunotherapy. The anti-allergy medications segment dominated the market in 2021 and is expected to continue maintaining its dominance during the forecast period on account of the different benefits associated with anti-allergy medications such as low cost, convenience of self-administration, among others.

Major companies operating in global allergy treatment market are:

  • Johnson & Johnson
  • Sanofi SA
  • GlaxoSmithKline plc.
  • F. Hoffmann-La Roche AG
  • Leti Pharma GmbH
  • AbbVie Inc.
  • Alembic Pharmaceuticals Limited
  • Bausch Health Companies Inc.
  • Novartis AG
  • ALK-Abello AS


The companies operating in the market are conducting research and developing new products. The companies are conducting clinical trials, filling patents, and bringing new products for the treatment of different allergies in the market. This is not only leading to the development of novel products but also helping these companies improve their market positioning.

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“The North America is expected to register the highest growth in the global allergy treatment market on account of growing prevalence of different forms of allergies in the region especially food allergies and asthma. Additionally, there are numerous drugs under development in the region, especially in the United States for the treatment of different allergies. Besides, presence of key market players developing different allergy treatments in the region is further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 

Allergy Treatment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Eye Allergy, Food Allergy, Skin Allergy, Asthma, Rhinitis, Others), By Treatment (Anti-Allergy Medications v/s Immunotherapy), By Route of administration (Oral, Inhalers, Intranasal, Others), By Distribution channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and By Region”, has evaluated the future growth potential of global allergy treatment market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global allergy treatment market.


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