The Global Allergy Immunotherapy Market Growth Accelerated By Increasing Prevalence Of Allergic Diseases

https://www.coherentmarketinsights.com/market-insight/allergy-immunotherapy-market-4915
Allergy Immunotherapy Market


Allergy immunotherapy aims to treat different types of allergies including food, drug, insect and environmental allergies. It involves exposing individuals to small amounts of allergen to induce tolerance and reduce sensitivity. Allergy immunotherapy products such as sublingual immunotherapy tablets and subcutaneous immunotherapy injections are used for desensitization.

The global Allergy Immunotherapy Market is estimated to be valued at US$ 2664.34 Mn  in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing prevalence of allergic diseases is one of the key trends driving the growth of the allergy immunotherapy market. Allergic diseases are on the rise globally due to changing environmental conditions and exposure to indoor and outdoor allergens. According to a report by the Asthma and Allergy Foundation of America, more than 50 million Americans suffer from allergies every year. The growing burden of allergic diseases like allergic rhinitis, asthma and food allergy has increased the demand for effective and long term treatments such as allergy immunotherapy. Allergy immunotherapy helps alter the natural progression of allergic diseases and provides long lasting relief by inducing immune tolerance.


Segment Analysis
The global allergy immunotherapy market is dominated by subcutaneous immunotherapy segment owing to its effectiveness and convenience of use at home. Subcutaneous immunotherapy involves injecting antihistamines, steroid, or allergen extracts under the skin which helps in reducing the symptoms of allergies. Compared to other alternatives such as sublingual or oral immunotherapy, subcutaneous route provides faster relief from allergic reactions with long term benefits.

Key Takeaways
The global allergy immunotherapy market is expected to witness high growth over the forecast period from 2024 to 2031. The global Allergy Immunotherapy Market is estimated to be valued at US$ 2664.34 Mn  in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.

Regional analysis: North America dominates the global market and is expected to maintain its position during the forecast period. High healthcare expenditure and increasing adoption of advanced therapeutics drive the market growth in the region. Asia Pacific is expected to be the fastest growing market owing to growing awareness regarding allergy treatments and increasing healthcare expenditure in developing countries such as India and China.

Key players: Key players operating in the allergy immunotherapy market are B. Braun Vet Care GmbH, BioMedtrix, LLC, IMEX Veterinary, Inc., Innoplant Medizintechnik GmbH, KYON AG, Orthomed (UK) Ltd., BLUESAO Co. Ltd., New Generation Devices (NGD), Johnson & Johnson, MWI Animal Health, AmerisourceBergen Corporation, Platon Japan Co., Ltd.

Explore more related article on this topic: https://www.newswirestats.com/the-global-allergy-immunotherapy-market-growth-analysis/

https://masstamilan.tv/recombinant-protein-the-future-of-biomanufacturing/

 

Comments

Post a Comment

Popular posts from this blog

Foldable Container House Market Is Anticipated To Witness High Growth Owing To Increasing Demand For Temporary Housing And Cost-Effective Construction

Image
Foldable Container House Market  Foldable container houses are prefabricated structures made using shipping containers that can be assembled on site without needing permanent foundation or installation. The growing demand for temporary housing from construction workers, refugees, students and for disaster relief is driving the adoption of foldable container houses. The container houses provide a cost-effective and durable solution for temporary housing needs. They can be easily transported, constructed and deconstructed as per requirements. Some key advantages of container houses include their modular design enabling flexible floor plans, strong and durable construction using recycled corrosion-resistant steel containers, reusable design providing sustainability and reduced construction waste. The Global Foldable Container House Market is estimated to be valued at US$ 9.8 Bn  in 2024 and is expected to exhibit a CAGR of 8.1 % over the forecast period 2024 to 2030. Key Take...
Read more

Virtual Reality in Gaming Market Size, Partake Trend, Reports Analysis

Image
Virtual Reality in Gaming Market  Virtual Reality in Gaming Market brings the field of conventional videotape games into the real world. It allows druggies to connect with virtual characters and completely immerse themselves in a terrain that's 3D. Virtual reality (VR) gaming was developed via AI for the nonstop exchange of data and continual advancements in communication between humans and computers. The work demanded for creating an ideal virtual reality videotape game experience is delicate yet satisfying. For processing and executing data vestments, respectable VR software is also needed in addition to accurate VR tackle functioning. VR request Expansion The worldwide request for Virtual Reality In Gaming Market videotape games has been projected at USD11.56 billion in 2019 and is anticipated to increase at a CAGR of 30.2 from 2020 to 2027. The capability to immerse players in their defenses in real-time given by Virtual Reality has bettered the gaming experience. The request ...
Read more

Global Omega 3 Ingredients Market Growth, Trends, and Forecasts (2022 - 2027)

Image
  Omega 3 Ingredients Market Growing consumer interest in the health benefits of various supplements has increased demand for omega 3 ingredients, which are classified as essential fatty acids. Organic compounds derived from plants and the sea are used to make Omega 3 supplements. Walnuts, flaxseeds, vegetable oils, flaxseeds, chia seeds, and other omega 3 plant sources The global Omega 3 Ingredients Market was valued at US$ 3.83 billion in 2016 and is expected to expand at a CAGR of 15% in terms of revenue during 2017 – 2027 ALA (alpha-linolenic acid), EPA (eicosapentaenoic acid), and DHA are the three main omega 3 ingredients used for supplementing the essential fatty acids required for healthy growth and metabolism (docosahexaenoic acid). The demand for Omega 3 ingredients has been primarily driven by the demand for brain health and nutraceutical products for children. Although Omega 3 ingredients are not age-restricted, it is widely consumed by working adults to improve me...
Read more