Allergy Immunotherapy Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Allergy Immunotherapy Market Shape Industry Trends by 2034?
In recent times, there has been a swift expansion in the size of the allergy immunotherapy market. This market is projected to swell from $2.88 billion in 2024 to $3.17 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. Factors that have contributed to the rise in the historical time frame include increased prevalence of allergies, technological advancements in immunotherapy, heightened patient awareness, various government endeavours, and enhancements in research and development.
In the coming years, substantial expansion is forecasted in the allergy immunotherapy market, with the market size expected to reach $5.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.4%. Factors contributing to this projected growth include a rising global allergy burden, supportive healthcare policies, growing acceptance of immunotherapy, emerging markets coupled with unexploited regions, and an increment in healthcare expenditure. The forecast period is set to see a trend in advancements in treatment technology, an increasing prevalence of allergies, a boost in patient awareness and education, expansion of telemedicine and remote monitoring, as well as personalized treatment plans.
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the allergy immunotherapy Market?
The increasing occurrence of allergic conditions is forecasted to boost the allergy immunotherapy market’s expansion. These conditions involve overactive immune responses to certain antigens, and misguided immune reactions to one’s own body parts lead to autoimmune illnesses. Allergy immunotherapy is provided to atopic individuals afflicted by allergy conditions like IgE-mediated allergic rhinitis and allergic asthma induced by inhaled allergens such as pollens and house dust mites (HDMs). For instance, in August 202, the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) reported that English hospitals noted over 25,000 allergy and anaphylaxis admissions in 2022-23, which is more than double the instances in the last two decades. Furthermore, in May 2024, the UK’s Food Standards Agency revealed in the Patterns and Prevalence of Adult Food Allergy (PAFA) report that roughly 6% of UK adults, approximately 2.4 million people, suffer from food allergies. Hence, the escalating frequency of allergic disorders is facilitating the growth of the allergy immunotherapy market.
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Who Are the Key Market Players Influencing the Growth of the Allergy Immunotherapy Industry?
Major companies operating in the allergy immunotherapy market include:
• LETI Pharma_x000D_
• Stallergenes Greer International AG_x000D_
• Allergy Therapeutics plc_x000D_
• ALK-Abelló A/S_x000D_
• HAL Allergy B.V._x000D_
What Key Market Trends Are Shaping the Future of the Allergy Immunotherapy Industry?
Leading businesses in the allergy immunotherapy market are introducing technologically advanced products, such as allergy component testing powered by artificial intelligence (AI), to maintain their market dominance. AI-powered allergy component testing is an innovative platform that leverages component resolved diagnostics (CRD) for identifying various allergy types. For example, in May 2023, Metropolis Healthcare Limited, a medical laboratory company based in India, introduced its AI-powered allergy component testing. This fourth-generation allergy testing technology employs AI to help medical experts with their clinical decision-making process. AI-powered allergy component testing provides comprehensive insights, helps in the selection, and fine-tunes the treatment pathways for allergy-related diseases. Furthermore, it possesses the ability to predict the success of immunotherapy for allergy vaccines, determining their efficacy.
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Which Market Segments Are Driving Strategic Growth and Trends in the Allergy Immunotherapy Market?
The allergy immunotherapy market covered in this report is segmented –
1) By Allergy Type: Allergic Rhinitis, Asthma, Food Allergy, Venom Allergy, Other Allergy Types
2) By Treatment: Subcutaneous Immunotherapy (SCIT), Sublingual Immunotherapy, Specific Immunotherapy (SIT)
3) By Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
Subsegments:
1) By Allergic Rhinitis: Seasonal Allergic Rhinitis, Perennial Allergic Rhinitis
2) By Asthma: Allergic Asthma, Non-Allergic Asthma
3) By Food Allergy: Peanut Allergy, Tree Nut Allergy, Milk Allergy, Egg Allergy, Other Food Allergies
4) By Venom Allergy: Insect Sting Allergy, Other Venom Allergies
5) By Other Allergy Types: Allergic Conjunctivitis, Eczema, Drug Allergies, Other Environmental Allergies
Which Regions Are Emerging as Leaders in the Allergy Immunotherapy Market?
Europe was the largest region in the allergy immunotherapy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the allergy immunotherapy market report during the forecast period. The regions covered in the allergy immunotherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Defines the Scope of the Allergy Immunotherapy Market?
Allergy immunotherapy refers to a type of therapy used to avoid allergic reactions to things like house dust mites, grass pollen, and bee venom. Immunotherapy includes giving the patient increasingly higher dosages of the chemical or allergen they are allergic to.
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