Page Updated:
May 2021
The South and Central America allergy treatment market is expected to reach US$ 2,431.66 million by 2028 from US$ 1,523.89 million in 2020; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.
The growth of the market is attributed to increasing adoption of immunotherapy in allergy treatment, and developments in food allergy treatments. However, the lack of awareness about allergy treatments is a key factor restraining the market growth.The allergies are hypersensitive responses from human immune system to the substance that come in contact with body. Severe allergy can be life threatening which disturb the normal functioning of organs such as asthma causes poor functioning of lungs. The most effective treatment for allergy is to avoid the known allergens, while there are medications such as steroids and antihistamines and other therapies which prevent allergies. According to the European Community Respiratory Health survey published in 2018, ~ 10–30% of adults and nearly 40% of children are affected by allergic rhinitis across the world. Immunotherapy has shown positive and long-term benefits in allergic patients and is suitable for self-administration and medicine usage in homecare settings. Therefore, immunotherapy has emerged as a safe and effective alternative subcutaneous route for both chronic and recurrent allergies. Also, developments in the pharmaceuticals industry have enabled companies to offer treatment for varied allergy reactions. Such developments in the food allergy treatment options and their effectiveness are the factors boosting the allergy treatment market growth.
With the spread of the COVID-19 pandemic, it was discovered that a significant number of people around the world were suffering from chronic respiratory diseases, such as respiratory allergies, such as allergic rhinitis, and sinusitis. The allergy immunotherapies market in this pandemic is rising due to the increasing awareness about treatments of asthma and allergic diseases linked to viral infection in the region. Thus, the rising need for allergy treatment is likely to boost the South and Central America allergy treatment market.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SOUTH AND CENTRAL AMERICA ALLERGY TREATMENT MARKET SEGMENTATION
By Allergy Type:
- Eye Allergy
- Rhinitis
- Asthma
- Skin Allergy
- Food Allergies
- Other Allergies
By Treatment:
- Anti-Allergy Drugs
- Antihistamines
- Corticosteroids
- Decongestants
- Other Drugs
- Immunotherapy
- Sub-cutaneous Immunotherapy (SCIT)
- Sub-Lingual Immunotherapy (SLIT)
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Johnson and Johnson Services, Inc.
- Sanofi
- AbbVie's Inc.
- Pfizer
- ALK-Abelló A/S
- Allergy Therapeutics
- Stallergenes Greer
- GlaxoSmithKline PLC
South and Central America Allergy Treatment Report Scope
Report Attribute | Details |
---|---|
Market size in 2020 | US$ 1,523.89 Million |
Market Size by 2028 | US$ 2,431.66 Million |
Global CAGR (2021 - 2028) | 6.1% |
Historical Data | 2018-2019 |
Forecast period | 2021-2028 |
Segments Covered |
By Allergy Type
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
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- Industry and Competitive Landscape
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