Allergy Treatment Market Size, Share, Growth Report 2028

Allergy Treatment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Allergy Type (Eye Allergies, Rhinitis, Asthma, Skin Allergies, Food Allergies, and Other Allergies) and Treatment (Anti-Allergy Drugs and Immunotherapies)

Publication Month : Mar 2021

  • Report Code : TIPRE00004584
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 191
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[Research Report] The allergy treatment market is projected to reach US$ 35,812.33 million by 2028 from US$ 21,160.92 million in 2020; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

Allergies are hypersensitive responses by the human immune system to the substances that come in contact with the body. Some stimuli that cause an allergic reaction are dust mites, animal dander, cockroaches, pollens, mold, food substances, metals, elements, and more. Severe allergy can be life-threatening, which disturbs the normal functioning of organs, as asthma causes poor functioning of the lungs. The most effective treatment for allergy is to avoid the known allergens; there are medications such as steroids and antihistamines, and other therapies which prevent allergies. Allergy treatment is done primarily through drugs and long-term immunotherapies. The primary types of allergies studied in the market report are rhinitis, asthma, skin allergies, food allergies, eye allergies, and other allergies.

The allergy treatment market is segmented based on allergy type, treatment, and geography. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market report offers insights and in-depth analysis of the market, emphasizing parameters such as market size, market trends, technological advancements in the market, and market dynamics, along with the global analysis of the competitive landscape of the leading market players that are driving the allergy treatment market growth.

The allergy treatment market growth is attributed to the increasing adoption of immunotherapy in allergy treatment and the developments in food allergy treatments which have significantly increased the market size and are expected to have a significant short-, mid-, and long-term impact on the  market size in the coming years. However, the lack of awareness about allergy treatments is hampering the growth of the market. The allergy treatment market report also studies the ongoing opportunities and market trends that can have a possible impact on the market growth.

Lucrative Regions for Allergy Treatment Market

Lucrative Regions for Allergy Treatment Market
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Market Insights

Developments in Food Allergy Treatments

Allergy is a common medical condition among a large share of the global population. It is one of the chronic health conditions that may result in severe consequences. Food allergies are ubiquitous in North America and Europe. The majority of people are allergic to garlic, wheat, peanuts, milk, fish, etc. According to estimations of the Center for Biologics Evaluation and Research of the Food and Drug Administration (FDA), ~1 million children in the US are allergic to peanuts, and one in five of these children is likely to surmount the respective allergy condition. In those who don’t outgrowth this allergy, the small intake of peanuts is unpredictable and harmful, which may result in severe reactions. Therefore, it becomes essential to develop treatment options for allergies to such common foodstuff.

Developments in the pharmaceuticals industry have enabled companies to offer treatment for peanut allergy reactions. In February 2020, the US FDA approved Palforzia, peanut (Arachis hypogaea) allergen powder-dnfp, as a treatment for peanut allergy, which is intended to alleviate allergic reactions such as anaphylaxis resulting from accidental peanut intake. The product is developed for children from the age group of 4–17. Palforzia was developed by Aimmune Therapeutics, Inc., a Nestle Health Science Company. It is administered in three dosages such as initial dose escalation, up-dosing, and maintenance. Palforzia is packaged in pull-apart color-coded capsules for dose escalation and up-dosing and in sachets for the maintenance stage. While administering, it is mixed with semi-solid food such as curd and pudding. It has been made available in the US, Canada, and Europe. Such developments in the food allergy treatment options and their effectiveness are the factors boosting the allergy treatment market growth.

Also, factors such as the increasing adoption of immunotherapy in allergy treatment through allergy shots and sublingual immunotherapy (SLIT) have shown to reduce allergic symptoms by 50–65% among the patients who have completed their dosages of allergens.

Allergy Type-Based Insights

The global allergy treatment market, based on allergy type, is divided into eye allergy, rhinitis, asthma, skin allergy, food allergies, and other allergies. The rhinitis segment held the largest share of the market in 2020 and is anticipated to dominate the market during the forecast period and have a higher CAGR during the forecast period.

Allergy Treatment Market, by Allergy Type – 2020 and 2028

Allergy Treatment Market, by Allergy Type – 2020 and 2028
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Treatment-Based Insights

Based on the treatment, the allergy treatment market is bifurcated into anti-allergic drugs and immunotherapies. The anti-allergic drugs segment held a larger share of the market in 2020 and is expected to hold a significant share of the market during the forecast period. However, the immunotherapies segment is expected to witness a higher CAGR from 2021 to 2028.

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Allergy Treatment Market: Strategic Insights

allergy-treatment-market
Market Size Value inUS$ 21,160.92 million in 2020
Market Size Value byUS$ 35,812.33 million by 2028
Growth rateCAGR of 6.9% from 2021 to 2028.
Forecast Period2021-2028
Base Year2021
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Various companies operating in the allergy treatment market adopt strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain the brand name, and meet the growing demand from end users.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Allergy Type and Treatment

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is allergy treatment?

The allergies are the hypersensitive responses from human immune system to the substance that come in contact with body. Some factors which cause allergy are dust mite, animal dander, cockroach, pollens, mold, food substances, metals, elements, and more. The severe allergy can be life threatening which disturb the normal functioning of organs such as asthma caused poor functioning of lungs. The most effective treatment for allergy is to avoid the known allergens, while there are other therapy and medications such as steroids and antihistamines which prevent the allergies.

What are the driving factors for the allergy treatment market across the globe?

The factors that are driving growth of the market are increasing adoption of immunotherapy in allergy treatment and developments in food allergy treatments are anticipated to drive the growth of the global allergy treatment market during the forecast period. However, lack of awareness about allergy treatments are hindering the market growth.

Who are the major players in the allergy treatment market?

The allergy treatment market majorly consists of the players such Johnson and Johnson Services, Inc.; Sanofi; AbbVie Inc. (Allergan plc); Pfizer Inc.; LETIPharma; ALK-Abelló A/S; Allergy Therapeutics; Stallergenes Greer; GlaxoSmithKline plc, and Dermapharm Holding are among others.

The List of Companies - Allergy Treatment Market

  1. Johnson and Johnson Services, Inc.
  2. Sanofi
  3. AbbVie Inc. (Allergan plc)
  4. Pfizer Inc.
  5. LETIPharma
  6. ALK-Abelló A/S
  7. Allergy Therapeutics
  8. Stallergenes Greer
  9. GlaxoSmithKline plc
  10. Dermapharm Holding

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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