The North America allergy immunotherapies market was valued at US$ 697.53 million in 2019 and is projected to reach US$ 1,634.17 million by 2027; it is expected to grow at a CAGR of 11.3% during the forecast period.
This can be attributed to the growing developments in the healthcare sector due to R and D activities in this industry. The increasing initiatives taken by various research institutes and organizations for improving medical facilities and services are further leading to North America Allergy Immunotherapies market growth.Allergen immunotherapy is a medical treatment useful for environmental allergies, allergies to insect bites, and asthma. According to the American Academy of Allergy, Asthma, and Immunology (AAAAI), nearly 7.8% of people aged 18 years and above in the U.S. have allergy rhinitis. Worldwide, around 30% of the total population is affected by hay fever annually. Thus, growing infection rates and the adoption of advanced treatment methods will favorably impact allergy immunotherapy market revenue share over the upcoming years. Positive clinical results of various immunotherapies, which are undergoing clinical trials, support the development of allergy immunotherapy-based drugs. Firms are adopting business expansion strategies and collaborations and new product development to increase their market footprint. This strategy will help the company in strengthening its market position by geographical expansion.
The Covid-19 pandemic has harmed allergy immunotherapies market size, with small and medium scale companies struggling to sustain their businesses in the near-term future. Industry leaders are now focusing on creating new business practices to deal with crises like covid-19 pandemic.
North America Allergy Immunotherapies Market Revenue and Forecast to 2027 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
NORTH AMERICA ALLERGY IMMUNOTHERAPIES MARKET SEGMENTATION
North America Allergy Immunotherapies Market – By Treatment
- Subcutaneous Immunotherapy (SCIT)
- Sublingual Immunotherapy (SLIT)
North America Allergy Immunotherapies Market – By Allergy Type
- Allergic Rhinitis
- Asthma
- Food Allergy
- Venom Allergy
- Others
North America Allergy Immunotherapies Market – By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
North America Allergy Immunotherapies Market – By Country
- United States
- Canada
- Mexico
Company Profiles
- Johnson and Johnson Services, Inc.
- ALK Abello A/S
Aimmune Therapeutics
- Anergis
Circassia
North America Allergy Immunotherapies Report Scope
Report Attribute | Details |
---|---|
Market size in 2019 | US$ 697.53 Million |
Market Size by 2027 | US$ 1,634.17 Million |
Global CAGR (2019 - 2027) | 11.3% |
Historical Data | 2017-2018 |
Forecast period | 2020-2027 |
Segments Covered |
By Treatment
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
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