According to the latest report by IMARC Group,the global allergy immunotherapies market reached a value of US$ 2.56 Billion in 2021.Allergy immunotherapy is a long-term medical treatment that aims to desensitize the immune system of an individual against specific allergens that trigger allergy symptoms. This therapy involves regular administration of gradually increasing doses of allergens in the patient’s body to improve the response of the immune system.
2. Report Description
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Global Allergy Immunotherapies Market Outlook 2027:
According to the latest report by IMARC Group, titled "Allergy Immunotherapies Market: Global
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global allergy
immunotherapies market reached a value of US$ 2.56 Billion in 2021.
Allergy immunotherapy is a long-term medical treatment that aims to desensitize the immune system
of an individual against specific allergens that trigger allergy symptoms. This therapy involves regular
administration of gradually increasing doses of allergens in the patient’s body to improve the response
of the immune system. This can often lead to long-lasting relief of the allergy symptoms following
treatment discontinuation, thereby offering a long-term impact.
Apart from this, immunotherapy is also associated with reducing inflammation, improving
immunological tolerance and enhancing the quality of the patient’s life. Consequently, it is widely used
as a preferred method for treating allergic asthma, allergic rhinitis, peanuts allergy, cat allergy,
conjunctivitis and other kinds of hypersensitivity.
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4. Report Description
Report Description and Highlights
Global Allergy Immunotherapies Market Trends:
The global market is primarily driven by the increasing prevalence of allergies that are being triggered
by numerous lifestyle changes and environmental factors. A significant increase in the global pollution
levels and the increasing numbers of active and passive smokers have contributed to a decline in the
functioning of the human immunity system.
Consequently, allergy immunotherapy is widely being used to alter the course of the allergy with
persistent effects. Along with this, there has been a considerable growth in the healthcare budgets of
various countries, which is creating a positive outlook for the market. This is being supported by the
favorable initiatives undertaken by the governments of numerous countries to spread awareness
regarding the high efficacy rates of the therapy.
The market is further driven by constant advancements in drug development technologies. Several
companies have developed targeted drugs for allergies in the form of allergen immunotherapy tablets
(AITs) and Sublingual immunotherapy (SLIT) tablets which are gaining widespread prominence among
the users. Some of the other factors, such as advancements in the field of allergy diagnostics and
inflating per capita income levels, are also influencing the market growth.
5. Market Summary:
Breakup by Treatment Type:
• Subcutaneous Immunotherapy (SCIT)
• Sublingual Immunotherapy (SLIT)
Breakup by Allergy Type:
• Allergic Rhinitis
• Asthma
• Food Allergy
• Venom Allergy
Breakup by Distribution Channel:
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
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6. Breakup by Region:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
Looking forward, IMARC Group expects the market to reach US$ 4.63 Billion by 2027, exhibiting at a
CAGR of 10.2% during 2022-2027.
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7. Competitive Landscape With Key players:
• BALK-Abello A/S
• Allergy Therapeutics
• Stallergenes Greer
• HAL Allergy Group
• DBV Technologies
• Merck Group
• Aimmune Therapeutics
• Circassia Pharmaceuticals
• Anergis SA
• Biomay AG
View Report TOC, Figures and Tables: https://www.imarcgroup.com/allergy-immunotherapies-market
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9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients