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The growing prevalence of allergic conditions is expected to propel the growth of the allergy treatment market going forward.

• Allergic conditions occur when the immune system overreacts to an allergen, resulting in allergic responses.
• According to the Centers for Diseases Control and Prevention (CDC), over one-third of American adults and more than one-fourth of American children had a seasonal allergy, eczema, or food allergy in 2021.
• Approximately 6% of adults and children in the United States have a food allergy.
• Major companies operating in the allergy treatment market include Pfizer Inc., Johnson and Johnson, Allergy Therapeutics PLC, and others.

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Allergy Treatment Market Fueled By Technological Advancements

Advancements in technology are a key trend gaining popularity in the allergy treatment market.

• Metropolis Healthcare Limited launched AI-powered allergy component testing based on Component Resolved Diagnostics (CRD) in May 2023.
• LifeMD Inc. acquired Cleared, specializing in personalized allergy, asthma, and immunology care, in January 2022.
• Adoption of new technologies aids companies in sustaining their positions in the market.

Market Segmentation

The allergy treatment market covered in this report is segmented into several categories:

1. By Treatment Type: Anti-Allergy Drugs, Immunotherapy.
2. By Type: Eye Allergy, Skin Allergy, Food Allergy, Asthma, Rhinitis, Other Types.
3. By Route of Administration: Oral, Parenteral, Nasal, Other Routes of Administration.
4. By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Retailers, Other Distribution Channels.
5. By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users.

Regional Insights

• North America was the largest region in the allergy treatment market in 2023.
• Asia-Pacific is expected to be the fastest-growing region in the forecast period.

Conclusion

The allergy treatment market is witnessing significant growth due to the rising prevalence of allergic conditions worldwide. With advancements in technology and innovative treatment approaches, companies are expanding their portfolios to address the diverse needs of patients. The adoption of patient-centric approaches and the expansion of over-the-counter (OTC) allergy medications further contribute to market growth. As the market continues to evolve, collaborations between pharmaceutical companies and increased investments in research and development are expected to drive the development of novel treatments and improve patient outcomes.

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