IMARC Group’s latest research report, titled “Allergy Immunotherapies Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the allergy immunotherapies market report. The report also includes competitor and regional analysis, and contemporary advancements in the market.
the global allergy immunotherapies market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.7% during 2024-2032.
Allergy immunotherapy, also known as desensitization or allergy shots, is a treatment method aimed at reducing allergic reactions to specific allergens. It involves administering gradually increasing doses of the allergen to the individual, either through injections or sublingual (under the tongue) tablets or drops. The goal is to desensitize the immune system to the allergen, leading to a decrease in allergy symptoms over time. Allergy immunotherapy works by modifying the immune response, shifting it from an allergic reaction to tolerance. This treatment is commonly used for allergic conditions such as hay fever (allergic rhinitis), allergic asthma, and insect sting allergies. It offers long-term relief and can potentially prevent the progression of allergic diseases.
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Key Players Included in Global Allergy Immunotherapies Market Research Report:
- ALK-Abello A/S
- Allergy Therapeutics
- Stallergenes Greer
- HAL Allergy Group
- DBV Technologies
- Merck Group
- Aimmune Therapeutics
- Circassia Pharmaceuticals
- Anergis SA
- Biomay AG
Allergy Immunotherapies Trends:
The global market is majorly driven by the increasing prevalence of allergic conditions worldwide, such as allergic rhinitis, asthma, food allergies, and insect sting allergies. As allergies continue to affect a significant portion of the global population, there is a growing need for therapies that address the underlying immune mechanisms rather than merely alleviating symptoms. Advancements in medical research and technology have led to the development of more targeted and personalized forms of immunotherapy, including subcutaneous injections, sublingual tablets, and oral immunotherapy for food allergies. These innovations enhance treatment efficacy and patient compliance, expanding the market for allergy immunotherapies. Additionally, heightened awareness and education about the benefits of immunotherapy among healthcare professionals and patients contribute to market growth. As more individuals seek long-term solutions for their allergies, there is an increasing demand for allergists and immunologists offering immunotherapy services. Furthermore, regulatory initiatives supporting the approval and reimbursement of allergy immunotherapies contribute to market expansion. With regulatory agencies acknowledging the efficacy and safety of these treatments, more healthcare providers are inclined to offer immunotherapy, further driving market growth.
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Key Market Segmentation:
Breakup by Treatment Type:
- Subcutaneous Immunotherapy (SCIT)
- Sublingual Immunotherapy (SLIT)
Breakup by Allergy Type:
- Allergic Rhinitis
- Asthma
- Food Allergy
- Venom Allergy
- Others
Breakup by Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Allergy Immunotherapies Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Allergy Immunotherapies Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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