The Global Allergy Immunotherapy market is diversifying at a good pace due to a surge in allergy incidents across the globe. The overall Global Allergy Immunotherapy Market is expected to grow at a significant CAGR rate of 9.61% from USD 1.07 billion in 2018 to USD 2.23 billion in 2026. This expansion in allergy immunotherapy is due to an increase in awareness of allergy treatment, growth in allergic population and new product launch. Allergy Immunotherapy is also referred to as desensitization or Hypo-sensitization, is a medical treatment attacks different types of allergies. Desensitization provides long-term effect, helps in improvement of the quality in patients life with allergies.
Some of the allergic diseases include food allergy, allergic asthma, hay fever, atopic dermatitis, etc.
This can lead to symptoms like runny nose, an itchy rash, shortness of breath, red eyes swelling, etc.
Global Allergy Immunotherapy: Key Segments
Product Type: – Global Allergy Immunotherapy is segmented into two types based on product i.e., SCIT and SLIT. In 2016, SCIT dominated the global allergy immunotherapy market which accounts for 65% of market share.
Allergy Type: – Global allergy Immunotherapy market is classified into allergic rhinitis, asthma, food allergy, venom allergy, and others. Allergic Rhinitis accounted for a larger market share in the global market. This segment is estimated to continue its superiority during the forecast period. Other segments include pollen allergy, latex allergy, etc.
Distribution channels: Hospital pharmacies, retail pharmacies & drug stores, and online pharmacies. Hospital pharmacies are expected to dominate the global allergy immunotherapy market.
Region Type: – Allergy Immunotherapy market covers Europe, America and the Rest of the world. Europe recorded the largest share of the global allergy immunotherapy market in 2016, due to high awareness, increase in funding for research and grants, favorable medical reimbursement policies, rise in allergic population, etc. After Europe, it is followed by North America. In the Asia-Pacific region, the moderate growth rate is expected for allergy immunotherapy.