The allergy immunotherapies market was estimated to be US$ 2.16 Bn in 2021 and US$ xx Bn in 2023. It is expected to reach US$ 5.11 Bn by 2031 and record a CAGR of 9.0% until 2031. Development of new delivery methods, rise of combination therapies, advancements in personalised medicine will likely remain key allergy immunotherapies market trends.
Increasing prevalence of allergic disorders worldwide is expected to drive the allergy immunotherapies market's growth. The growing prevalence of allergic disorders demands allergy immunotherapy, which is a safe and effective treatment against allergens such as insect molds, pollen, and animals, as well as for allergic asthma. As per the American College of Allergy, Asthma & Immunology, in 2021, 1 in 3 adults and over 1 in 4 children in the US have reported having a seasonal allergy, eczema or food allergy.
The growing prevalence of allergies across the globe is raising the global demand for immunotherapies, which favors the growth of the market.
The global allergy immunotherapies market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The market growth in this region is expected due to factors such as the increasing prevalence of allergic disorders and technological advancements in sublingual dosage formulations. However, drawbacks associated with the use of allergy immunotherapies and regulatory variations across regions are likely to hamper the market growth during the forecast period.
Increased public awareness about allergies and their management options fuels demand for better treatments. People seek relief from symptoms that can significantly impact their quality of life.
The Office of the State Superintendent of Education (OSSE) and the Division of Health & Wellness celebrated Food Allergy Awareness Week from May 14 to May 20, 2023. The campaign focused on educating and raising awareness about food allergies and anaphylaxis.
The allergy immunotherapy pipeline consists of 15 therapies in different clinical stages of development. Some of the players involved in the development of immunotherapies for allergic diseases are Aimmune Therapeutics Inc., DBV Technologies S.A., Genentech Inc., ASIT biotech SA, Inmunotek SL, Anergis S.A., Biomay AG, and Regeneron Pharmaceuticals Inc.
Positive clinical results of various immunotherapies undergoing clinical trials support the development of allergy immunotherapy-based drugs. For instance, in November 2022, the Food and Drug Administration (FDA) granted Fast Track designation to Alladapt Immunotherapeutic’s ADP101- an investigational oral immunotherapy for treating one or more of the most significant food allergens
Key segments that contributed to the allergy immunotherapies market analysis derivation are services and applications.
The geographic scope of the allergy immunotherapies market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America includes US, Canada, and Mexico. North America holds the most significant share in the allergy immunotherapies market, with the US holding the largest market share, followed by Canada. The US holds the largest share of the allergy immunotherapies market attributed to the growing prevalence of allergic disorders, thereby increasing the demand for allergy immunotherapy and fueling the market's growth. Moreover, it is headquarters for many manufacturers engaged in the manufacturing of allergy immunotherapy, further driving the growth of the market in the country. Moreover, rising consumer awareness regarding allergy treatment has increased demand for health supplemental oxygen in North America.
Asia Pacific region is expected to be the fastest-growing region among all other regions. The growth of the market in the Asia Pacific region is expected to grow at a faster pace owing to factors such as the high prevalence of allergic and immunology diseases in countries such as Australia, India, and others. Furthermore, increasing initiatives adopted by the government in terms of prevention and treatment strategies are expected to provide a lucrative market growth scenario in the region. Additionally, developing healthcare infrastructure and increasing investments to boost research activities are projected to drive the Asia Pacific Allergy Immunotherapies Market during the forecast period.
The regional trends and factors influencing the Allergy Immunotherapies Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Allergy Immunotherapies Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2.16 Billion |
| Market Size by 2031 | US$ 5.11 Billion |
| Global CAGR (2023 - 2031) | 9.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Treatment
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Allergy Immunotherapies Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Allergy Immunotherapies Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The allergy immunotherapies market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for allergy immunotherapies and strategies:
The “Allergy Immunotherapies Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: