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Market Overview of Global Allergy Immunotherapies market:
According to our latest research, the global Allergy Immunotherapies market looks promising in the next 5 years. As of 2022, the global Allergy Immunotherapies market was estimated at USD 2486.56 million, and it's anticipated to reach USD 4757.93 million in 2028, with a CAGR of 11.42% during the forecast years.
Patients pay more attention to allergic reactions
Some seasonal allergies and COVID-19 symptoms look similar, usually including fever, dry cough and shortness of breath. A small percentage of patients may suffer an inability to taste or smell, or diarrhea and other gastrointestinal symptoms. Before, patients may not pay much attention to allergic reactions. But now, they worry about their physical condition. The relationship between seasonal allergies and COVID-19 is currently unclear. There is not enough scientific information to know whether seasonal allergies increase the risk of COVID-19 or make the symptoms of COVID-19 worse. Out of this concern, patients will be more inclined to receive allergy immunotherapy.
Strength
Lasting effects and possible cures
There are many causes of allergies, such as airborne allergens such as pollen, animal dander, dust mites and mold. Foods such as peanuts, nuts, wheat, soybeans, fish, shellfish, eggs and milk. Insect stings, such as stabbings by bees or wasps. These can cause allergic reactions. Without intervention, allergic reactions will recur when exposed to allergens again. However, it is not possible to completely cut off contact with allergens. In this case, allergy immunotherapy can provide an effect. Allergy immunotherapy generally targets specific allergens. As long as the patient knows the source of the allergen, the specific allergic reaction can be treated. Usually allergy immunotherapy requires several years of treatment. The sustained effect and possible cure make allergy immunotherapy a good choice for patients suffering from repeated allergic reactions.
Weakness
Time and resource investment
Although allergy immunotherapy can have a sustained effect and may cure allergies, it requires a lot of time and resources. Taking subcutaneous immunotherapy as an example, the process is usually divided into two stages. One is the establishment phase. This involves adding approximately one or two allergen injections per week. The length of this phase depends on the frequency of injections, but it is usually three to six months. The second is the maintenance phase. Once the effective dose is reached, the process begins. The effective maintenance dose depends on the patient's sensitivity to allergens and the patient's response to the accumulation phase. In the maintenance phase, the interval between two treatments will be longer, ranging from two weeks to four weeks. A longer treatment cycle requires not only the cooperation of the patient, but also the investment of money.
Region Overview:
Europe had the highest growth rate of all regions
Company Overview:
ALK-Abelló
Alk-Abello produces pharmaceuticals for allergy vaccination. The Company is an international group with subsidiaries and associated companies worldwide.
Stallergenes Greer plc
Stallergenes Greer plc manufactures pharmaceutical products. The Company offers medicine for allergic diseases, immune systems, asthma, and other illness, as well as animal hair products. Stallergenes Greer plc serves customers worldwide.
Allergopharma
Allergopharma specialized in the diagnosis and therapy of type-1 allergy. The Company offers its services to medical professionals include physicians, pharmacists, medical trade writers, and people working in the pharmaceutical industry.
ALK-Abelló, Stallergenes Greer plc, Allergopharma, Allergy Therapeutics and Torii Pharmaceutical are the five key players in the global Allergy Immunotherapies market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Allergy Immunotherapies market in the past 5 years.
Segmentation Overview:
Among different product types, Subcutaneous Immunotherapy segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Allergic Rhinitis segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Allergy Immunotherapies market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Allergy Immunotherapies Market Report:
Market Size Estimates: Allergy Immunotherapies market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Allergy Immunotherapies market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Allergy Immunotherapies market
Segment Market Analysis: Allergy Immunotherapies market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Allergy Immunotherapies market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Allergy Immunotherapies Market: Revenue and sales volume of major countries in each region
Allergy Immunotherapies Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Allergy Immunotherapies market in major regions.
Allergy Immunotherapies Industry Value Chain: Allergy Immunotherapies market raw materials & suppliers, manufacturing process, distributors, downstream customers
Allergy Immunotherapies Industry News, Policies & Regulations
Key players in the global Allergy Immunotherapies market are covered in Chapter 12:
Allergy Therapeutics
Allergopharma
ALK-Abelló
Torii Pharmaceutical
HollisterStier Allergy
LETIPharma
Stallergenes Greer plc
HAL Allergy B.V.
In Chapter 2 and Chapter 15.1, based on types, the Allergy Immunotherapies market from 2018 to 2028 is primarily split into:
Subcutaneous Immunotherapy
Sublingual Immunotherapy
Biologic Therapies
Others
In Chapter 3 and Chapter 15.2, based on applications, the Allergy Immunotherapies market from 2018 to 2028 covers:
Allergic Rhinitis
Allergic Asthma
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Allergy Immunotherapies market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028