Allergy Immunotherapies Market Dynamics - 2021 to 2031
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.
Allergy Immunotherapies Market Analysis
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.
Allergy Immunotherapies Market Overview
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.
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Allergy Immunotherapies Market: Strategic Insights
Market Size Value in US$ 1,819.18 Million in 2019 Market Size Value by US$ 4,185.89 Million by 2027 Growth rate CAGR of 11.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Allergy Immunotherapies Market: Strategic Insights
| Market Size Value in | US$ 1,819.18 Million in 2019 |
| Market Size Value by | US$ 4,185.89 Million by 2027 |
| Growth rate | CAGR of 11.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Allergy Immunotherapies Market Drivers and Opportunities
Growing Awareness of Allergy Treatment is Likely to Favor The Market.
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.
Presence of Strong Product Pipeline – An Opportunity in Allergy Immunotherapies Market
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
Allergy Immunotherapies Market Report Segmentation Analysis
Key segments that contributed to the allergy immunotherapies market analysis derivation are services and applications.
- Based on treatment, the allergy immunotherapies market is segmented into subcutaneous immunotherapy (SCIT) and sublingual immunotherapy (SLIT). In 2023, the subcutaneous immunotherapy (SCIT) segment held the largest share of the market. Moreover, the sublingual immunotherapy (SLIT) segment is expected to grow at the fastest rate during the forecast period.
- By allergy type, allergy immunotherapies market is segmented into allergic rhinitis, asthma, food allergy, venom allergy, and others. The allergic rhinitis segment held the largest share of the market in 2023, and the same segment is anticipated to register the highest CAGR in the market during the forecast period.
- The allergy immunotherapies market has been segmented by distribution channel into hospital pharmacy, retail pharmacy, and online pharmacy. In 2023, the hospital pharmacy settings segment held the largest share of the market by distribution channel. Moreover, the same segment is expected to grow fastest during the forecast period.
Allergy Immunotherapies Market Share Analysis by Geography
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.
Allergy Immunotherapies Market Report Scope
Allergy Immunotherapies Market News and Recent Developments
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:
- In August 2020, Nestlé Health Science acquired Aimmune Therapeutics. Aimmune's approved therapy Palforzia would expand Nestlé Health Science portfolio with first and only FDA-approved treatment to help reduce the frequency and severity of allergic reactions to peanuts in children. (Source: Company Press Release)
- In September 2023, Stallergenes Greer entered into an agreement with Nestlé Health Science to harness the peanut allergy oral immunotherapy treatment Palforzia. (Source: Company Press Release)
Allergy Immunotherapies Market Report Coverage and Deliverables
The “Allergy Immunotherapies Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Treatment ; Allergy Type ; Distribution Channel , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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