Allergy immunotherapy is an adaptive therapy for diseases which is effectual during the treatment of allergic conjunctivitis, peanuts allergy, allergic asthma, cat allergy, stinging insect hypersensitivity, etc.. Immunotherapy is a treatment for prevention of various allergic reactions like house dust mites, grass pollens, and bee venom. Immunotherapy is increasing the dosages of the substance in which the person is allergic over some time. Increase in the allergens causes the immune system to lower the sensitivity to the substance by causing the production of an antibody that will reduce the symptoms of allergy when the person comes in contact with the substance in the future. Immunotherapy is also used to reduce the inflammation of diseases like rhinitis and asthma.
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Companies covered
Major players analyzed include ALK Abello A/S, Allergy Therapeutic, Circassia, DBV Technologies, Stallergenes Greer, Merck KGaA (Allergopharma), WOLWpharma, HolisterStier, Letiand HAL Allergy Group.
COVID-19 scenario analysis:
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future.
Owing to such factors, COVID 19 is expected to have a significant impact on the Allergy immunotherapy market
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
After the launches of various new sublingual immuno-therapies in developing countries and the influence of many major players in the allergen immunotherapy market, an increase in an unmet need for novel targeted drugs which can be used to treat the disease conditions are the major factors driving the market. Sublingual allergy immunotherapy has now been clinically proven a more efficient treatment with lesser side effects as compared to alternatives available in the market currently. There is also a change observed in demographics concerning population and macroeconomic climate are other factors driving towards allergy immunotherapy market.
On the other hand, allergy immunotherapy drugs can also cause severe allergic reactions that may be fatal in some cases, and due to the limited availability of therapy in few countries it is a challenge for the allergy immunotherapy market. Additionally, less awareness about immunotherapy is limiting the growth of the sublingual allergy immunotherapy market. Also there is a lack of skilled professionals and high technological cost which is hampering the market’s development.
Key segments covered:
Allergy Type
- Allergic Rhinitis
- Allergic Asthma
- Peanut Allergy
- Cat Allergy
- Others
Treatment
- Sublingual Immunotherapy
- Subcutaneous Immunotherapy (SCIT)
- Specific Immunotherapy (SIT)
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Key benefits of the report:
- This study presents the analytical depiction of the global Allergy immunotherapy industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Allergy immunotherapy market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Allergy immunotherapy market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Allergy immunotherapy market analysis based on competitive intensity and how the competition will take shape in coming years.
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