Allergy Treatment Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

Allergy Treatment Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Allergy Type (Eye Allergies, Rhinitis, Asthma, Skin Allergies, Food Allergies, and Others), Treatment (Anti-Allergy Drugs and Immunotherapies), and Geography

  • Report Code : TIPRE00004584
  • Category : Pharmaceuticals
  • No. of Pages : 150
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The allergy treatment market size is projected to reach US$ 33.5 billion by 2031 from US$ 20.2 billion in 2023. The market is expected to register a CAGR of 7.8% during 2023–2031. Rising Research & Development (R&D) activities are likely to remain key trends in the market.

Allergy Treatment Market Analysis

Rising R&D activities for allergy treatment to develop innovative drugs is likely to remain as a new market trend in the coming years. Despite several allergic medicines in the market, still many patients with respiratory allergies and asthma are not adequately controlled or are insufficiently treated with symptomatic therapy. For example, several respiratory allergies are a risk of developing asthma. Therefore, several top manufacturers are designing clinical trial programs for allergies. HAL Allergy B.V.'s "Allergen Immunotherapies" for respiratory allergies for a clinical trial is an example. Therefore, rising R&D activities will result in the development of novel anti-allergic drugs will account considerable market growth during 2021-2031.

Allergy Treatment Market Overview

According to the Asthma Allergy Clinic report, new data published by the World Allergy Organization (WAO) reveals that 14% of people have asthma, with 20% suffering from allergic rhinitis (AR), which results in IgE-mediated inflammation of the nasal mucosa. Currently, about 20-30% of the people in India have one or more allergic diseases, and the prevalence will rise in the coming years. Therefore, rising cases of allergies will accelerate demand for antiallergic drugs in the coming decade.

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Allergy Treatment Market: Strategic Insights

Allergy Treatment Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ 20.2 Billion
  • Market Size 2031
    US$ 33.5 Billion

Market Dynamics

  • Rising Allergy Cases Accelerate Demand for Anti-Allergic Drugs to Favor Market
  • Rising Research & Development (R&D) activities are likely to remain key trends in the market
  • New Drug Approvals for Allergy Treatment Provide Lucrative Market Opportunity

Key Players

  • Johnson and Johnson Services, Inc.
  • Sanofi
  • AbbVie, Inc. (Allergan plc)
  • Pfizer, Inc.
  • LETIPharma
  • ALK-Abello A/S
  • Allergy Therapeutics
  • Stallergenes Greer
  • GSK
  • Dermapharm Holdings

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Allergy Type
  • Eye Allergies
  • Rhinitis
  • Asthma
  • Skin Allergies
  • Food Allergies
  • Anti-Allergy Drugs
  • Immunotherapies
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Allergy Treatment Market Drivers and Opportunities

Rising Allergy Cases Accelerate Demand for Anti-Allergic Drugs  to Favor Market

According to the American Academy of Pediatrics report, the most common type of allergy is Hay Fever (allergic rhinitis), which accounts for the high cost of treatment. For example, the direct and indirect costs exceed US$7 billion annually for allergy treatment. Therefore, good allergy treatment is based on medical history, results of allergy tests, and with symptoms mild or severe. Additionally, immunotherapy is an effective treatment option for some allergy patients. There are two common types of immunotherapy. These include allergy shots and sublingual immunotherapy (SLIT). Allergy shots include giving injection of allergens with; an increasing dose over time. Also, the person progressively less sensitive to that allergen as these shots can work well for some people with allergies to pollen, pets, dust, bees, and other stinging insects, as well as asthma.  Therefore, rising allergy cases accelerate demand for anti-allergic drugs acting as the major drivers for global allergy treatment market share.

New Drug Approvals for Allergy Treatment Provide Lucrative Market Opportunity

New drug approvals to treat allergy treatments will provide lucrative market opportunity for the allergy treatment market. In June 2020, Cadila Pharmaceuticals Limited announced the launching of "Bilastine Syrup (30ml)" and Bilastine Tablets of 20mg strength. Additionally, in March 2022, Perrigo Company plc announced receiving final approval from the USFDA for over-the-counter (OTC) use of "Nasonex® 24HR Allergy (mometasone furoate monohydrate 50mcg)". The approval marks the first branded Rx-to-OTC switch for the company for "Nasonex" to enter the OTC marketplace.

Allergy Treatment Market Report Segmentation Analysis

Key segments that contributed to the derivation of the allergy treatment market analysis are type, cause, disorder type, category, and end user.

  • Based on allergy type, the allergy treatment market is segmented as eye allergies, rhinitis, asthma, skin allergies, food allergies, and others. The rhinitis segment held a larger market share in 2023.
  • By treatment, the market is segmented into anti-allergy drugs and immunotherapies. The anti-allergy drugs segment held the largest share of the market in 2023.

Allergy Treatment Market Share Analysis by Geography

The geographic scope of the Allergy Treatment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the market. In North America region, the US accounts largest share for allergy treatment market. Presence of top manufacturers in the region and their innovative anti-allergic drugs having effective pharmacological activity are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Allergy Treatment Market Report Scope

Report Attribute Details
Market size in 2023 US$ 20.2 Billion
Market Size by 2031 US$ 33.5 Billion
Global CAGR (2023 - 2031) 7.8%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Allergy Type
  • Eye Allergies
  • Rhinitis
  • Asthma
  • Skin Allergies
  • Food Allergies
By Treatment
  • Anti-Allergy Drugs
  • Immunotherapies
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Johnson and Johnson Services, Inc.
  • Sanofi
  • AbbVie, Inc. (Allergan plc)
  • Pfizer, Inc.
  • LETIPharma
  • ALK-Abello A/S
  • Allergy Therapeutics
  • Stallergenes Greer
  • GSK
  • Dermapharm Holdings
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Allergy Treatment Market News and Recent Developments

    The Allergy Treatment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Allergy Treatment market are listed below:

    • In February 2024, Novartis announced US Food and Drug Administration (USFDA) approval of "Xolair (omalizumab)". The newly launched product is used for the reduction of allergic reactions, including anaphylaxis occurring with accidental exposure to one or more foods in adult and paediatric patients aged 1 year and older with IgE-mediated food allergy. (Source: Novartis, Company Website, February 2024)

    Allergy Treatment Market Report Coverage and Deliverables

    The “Allergy Treatment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Allergy treatment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Allergy Treatment market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Allergy Treatment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Allergy Treatment market
    • Detailed company profiles
    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

    Which region dominated the allergy treatment market in 2023?

    North America region dominated the allergy treatment market in 2023.

    What are the driving factors impacting the allergy treatment market?

    Rising allergy cases accelerate demand for anti-allergic drugs to favor market is one of the most influential factors responsible for market growth.

    What are the future trends of the allergy treatment market?

    Rising Research & Development (R&D) activities to remain as a key trend for allergy treatment market.

    Which are the leading players operating in the allergy treatment market?

    Johnson and Johnson Services, Inc., Sanofi, AbbVie, Inc. (Allergan plc), Pfizer, Inc., LETIPharma, ALK-Abello A/S, Allergy Therapeutics, Stallergenes Greer, GSK, and Dermapharm Holdings are the key players in the allergy treatment market.

    What would be the estimated value of the allergy treatment market by 2031?

    The estimated value of allergy treatment market accounted US$ 33.5 billion in 2031.

    What is the expected CAGR of the allergy treatment market?

    The CAGR for allergy treatment accounted 7.8% during 2023-2031.

    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:

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    Research Methodology

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    1. Data Analysis:

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    • 3.1 Macro-Economic Factor Analysis:

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    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:

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    1. Data Triangulation and Final Review:

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