Allergy Immunotherapy Market is Expected to Exhibit a Strong CAGR 10.85% by 2023 | Market Research Future
Aug 19, 2019
MRFR's Allergy Immunotherapy Market Report presents an in-depth evaluation of the market which has emerging trends, market drivers, restraints, upcoming business challenges and opportunities, Competitive scenario, future growth predictions, market player profiles and success milestone.
Pune, India - August 19, 2019 /MarketersMedia/ —
The Global Allergy Immunotherapy Market is predicted to cross a healthy 10.85% CAGR over the forecast period from 2017 to 2023, with the market rising to a valuation of USD 4,324.7 million, according to the latest research report from Market Research Future (MRFR).
The increased predisposition of individuals to allergies is expected to create an advantageous backdrop for the growth of the allergy immunotherapy market. Reports that assess the healthcare industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts.
The increased occurrence of chronic diseases such as asthma, allergy, and diabetes are expected to benefit the allergy immunotherapy market. The market is expected to achieve traction due to the rise in research & development and clinical trials being conducted to test the drugs being formulated. Furthermore, an increased flow of capital in the allergy immunotherapy market is expected to accelerate market growth in the approaching period.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1517
Competitive Landscape
Leading players in the global allergy immunotherapy market include HAL Allergy Group, Merck KGaA (Allergopharma), Stallergenes Greer, DBV Technologies, Circassia, Allergy Therapeutics, and ALK Abello A/S.
In August 2019, a new trial was launched by the NIH, Genentech, and Novartis to assess the impact of experimental treatments for various food allergies.
March 19th, 2019, it is revealed that Aimmune’s Biologics License Application is accepted and approved by the US Food and Drug Administration (FDA) for the treatment of curbing down the risk of anaphylaxis in both peanut-allergic adolescents and children.
Segments for Global Allergy Immunotherapy Market
The global allergy immunotherapy market is segmented on the basis of allergy type and treatment type, in addition to region.
The global allergy immunotherapy market has been segmented on the basis of allergy type into allergic rhinitis, allergic asthma, peanut allergy, cat allergy, and other allergies. Allergic rhinitis holds the largest share in the global allergy immunotherapy market, followed by allergic asthma. The peanut allergy segment is expected to exhibit the highest CAGR, of 11.30%, over the forecast period.
On the basis of treatment, the global allergy immunotherapy market is segmented into subcutaneous immunotherapy (SCIT), sublingual immunotherapy, and specific immunotherapy (SIT). Sublingual immunotherapy is further sub-segmented into sublingual immunotherapy drops and sublingual immunotherapy tablets. Subcutaneous immunotherapy is the leading revenue generator in the global allergy immunotherapy market and is likely to remain in the position over the forecast period due to the high efficacy of subcutaneous immunotherapy. The subcutaneous immunotherapy market is expected to rise to a valuation of USD 2,089.2 million by 2023.
Regional Analysis for Global Allergy Immunotherapy Market
The global allergy immunotherapy market is expected to be dominated by Europe over the forecast period, with Western Europe emerging as the leading player in the global market and showing all the signs of sustained progress in the coming years. The rising prevalence of allergies in Europe and the growing awareness about the various ways of treating allergies is likely to be the major driver for the allergy immunotherapy market over the forecast period. The widespread prevalence of allergies in Europe has driven research into the epidemiology and treatment of allergies, with several major studies being carried out in the region in order to zero in on the exact nature and cause of various allergies. This is likely to be a major driver for the allergy immunotherapy market in Europe over the forecast period. Almost 150 million were estimated to be suffering from allergies in 2015, a figure expected to reach 50% of all Europeans by 2025; this is likely to drive the allergy immunotherapy market in Europe over the forecast period. The Western Europe market for allergy immunotherapy is expected to rise to USD 954.1 million by 2023.
Americas is also a major regional player in the global allergy immunotherapy market and is likely to remain a key player over the forecast period due to the overall growth of the healthcare research sector, rising prevalence of allergies, and the increasing awareness about various effective ways of treating allergies. The increasing desire to get down to the root cause of allergies and tackle the problem at its origin is likely to be a major driver for the allergy immunotherapy market in North America over the forecast period. The increasing prevalence of food allergies in North America is likely to drive the demand from the allergy immunotherapy market in the Americas over the forecast period. The Americas market for allergy immunotherapy is expected to rise to a valuation of USD 1,409.6 million by 2023.
Asia Pacific is also likely to retain an important place in the global allergy immunotherapy market over the forecast period due to the increasing prevalence of allergies and the increasing desire among the healthcare players in the region to eradicate the problem of allergies effectively. The Asia Pacific market for allergy immunotherapy is expected to exhibit the highest CAGR of 11.32% over the forecast period.
In the Middle East and Africa, the UAE is likely to dominate the market, holding 53.5% of the regional market by the end of the forecast period.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
Browse Complete Report @ https://www.marketresearchfuture.com/reports/allergy-immunotherapy-market-1517
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune – 411028, Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/allergy-immunotherapy-market-1517
Source: MarketersMedia
Release ID: 88909317
More News
Who is Helen Haines, the Australian MP injured after being hit by a car outside her office?
Helen Haines, an independent member of Australia's Parliament, faced a tragic event when she was struck by a vehicle in Wangaratta. A 43-year-old cat driver is now in custody as the police, including a counter-terrorism unit, continue their investigation. Haines was urgently airlifted to a hospital due to severe injuries, though authorities have assured the public that there is no ongoing threat.
Asian Para Games: Nishad Kumar Wins Long Jump Gold For India
India's Nishad Kumar won the gold medal with a jump of 7.11m on his debut at the Asian Para Games.
Chinese ambassador denies threatening Philippines after saying a war may prove easy to win
Beijing’s ambassador to the Philippines Jing Quan has denied making threats after he was summoned over his recent comments that China could “easily win” a war between the two countries. Philippine Foreign Secretary Theresa Lazaro met Jing on Monday to express “serious concern and strong objections” over his “provocative and unacceptable” language. Lazaro added that he had aggravated an already sensitive situation and undermined efforts to build mutual understanding between the two countries,...
Asian Para Games: One-Two For India In Swimming! Soumya Wins Gold, Radha Takes Silver
Soumya won gold in the womens 1500m T12/T13 event at the Asian Para Games, while Radha Venkatesh clinched silver in the same race.
North Korea threatens to restart propaganda broadcasts and deploy more weapons at border with South
Rising tensions between North and South Korea have intensified as mine explosions injured South Korean troops. Kim Yo Jong of North Korea blamed the South for provocative military maneuvers along the border since August. In retaliation, North Korea is contemplating increased military presence and reviving psychological warfare broadcasts. Meanwhile, South Korea's forces have fired warning shots due to several incursions by North Korean soldiers, complicating ongoing diplomatic efforts.
Israel election 2026: Netanyahu’s allies, rivals and the smaller parties that could decide his fate
Israel’s October 27 election will test Prime Minister Benjamin Netanyahu’s leadership following the October 7, 2023, attack and subsequent wars. Likud and its right-wing allies face centrist and left-wing challengers, while smaller factions and Arab-led parties could prove decisive in coalition negotiations to secure a majority in the 120-member Knesset.
Ravi Karthik Budigina Wins Swimming Silver For India At Asian Para Games
India's Ravi Karthik Budigina won silver in the men's 100m freestyle S13 event at the Asian Para Games, clocking 56.68 seconds.
Asian Para Games: Rinku, Ajeet Singh Secure Gold AND Silver For India In Javelin
India secured a one-two finish in the men's javelin throw F46 event at the Asian Para Games, as Rinku won gold with 65.11m and Ajeet Singh took silver with 65.02m.
Afghanistan vs Zimbabwe Playing 11: Check live streaming, pitch report, weather forecast and playing XIs
Afghanistan vs Zimbabwe Live Streaming: Afghanistan begin their UAE ODI Tri-Series campaign against Zimbabwe, who arrive after a 99-run win over Bangladesh. Check the match time, head-to-head record, probable playing XIs, pitch report, Abu Dhabi weather forecast and live streaming details for the October 19 clash.
SC stays execution of death sentence of convict in 2008 Ahmedabad serial blasts case
The Supreme Court has stayed the execution of the death sentence for Mohammad Tanvir related to the Ahmedabad bomb blasts. A bench agreed to hear his plea challenging the Gujarat High Court's verdict from July. The High Court had upheld death sentences for 38 operatives from the Indian Mujahideen linked to the blasts. The Supreme Court requested reports on Tanvir's behavior and prison work over the next eight weeks.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.