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The allergy immunotherapies market size is valued to increase by USD 1.19 billion, at a CAGR of 9.62% from 2023 to 2028. Increasing prevalence of allergies will drive the allergy immunotherapies market.
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Allergy immunotherapies represent a significant advancement in the treatment landscape for allergic rhinitis and asthma, offering improved quality of life for patients. Compared to traditional symptomatic therapies, allergen-specific immunotherapies demonstrate superior treatment duration and efficacy, as evidenced by clinical trial results. For instance, sublingual immunotherapy has shown a 30% greater symptom reduction compared to placebo in some studies. Patient selection criteria based on immunoglobulin E (IgE) antibody levels and allergen characterization play a crucial role in ensuring treatment efficacy and safety. Advanced allergen delivery systems, such as peptide immunotherapies and personalized immunotherapies, enable dosage optimization and tolerance induction through immunological mechanisms, including T cell responses. Regulatory pathways and manufacturing processes for allergen extracts are stringently monitored to ensure safety and efficacy endpoints. Adverse event profiles for allergy immunotherapies are generally acceptable, with mild to moderate local reactions being the most common. Oral immunotherapies, like sublingual and peptide-based options, offer convenience and improved compliance, leading to better disease management outcomes. Immunological biomarkers, such as IgE antibody levels and histamine release, provide valuable insights into treatment efficacy and response to allergen exposure. By understanding these mechanisms, healthcare providers can optimize treatment plans and improve patient outcomes.
The escalating incidence of allergies serves as the primary catalyst for market growth.
The trend in allergy diagnostics is being shaped by technological advances. Technological innovations are driving progress in the field of allergy diagnostics.
The industry's growth is significantly hindered by the unidentified causes, or pathogenesis, of various diseases and conditions, making it a critical challenge that requires ongoing research and innovation.
The allergy immunotherapies industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The scit segment is estimated to witness significant growth during the forecast period.
Allergy immunotherapies continue to evolve, offering effective treatment solutions for various allergies. Subcutaneous immunotherapy (SCIT), a common form, involves patients receiving allergen doses subcutaneously for extended durations to enhance immunity. SCITs, such as Pollinex Quattro, are highly efficient in treating respiratory allergies like allergic rhinitis and asthma. These therapies have a lower adverse event profile compared to other options, making them a preferred choice for many. Immunological mechanisms, including T cell responses and IgE antibody levels, play a crucial role in the efficacy of these treatments. Manufacturing processes for allergen extracts and characterization of allergens are essential for ensuring safety and precision in dosage optimization.
The SCIT segment was valued at USD 975.60 billion in 2018 and showed a gradual increase during the forecast period.
Oral immunotherapies and personalized immunotherapies, including peptide immunotherapy and T cell-based therapies, are emerging areas of research in allergy treatment. Regulatory pathways and clinical trial results are continually shaping the market landscape, with a focus on symptom reduction, tolerance induction, and efficacy endpoints. Immunological biomarkers and precision medicine are also key areas of interest, aiming to improve treatment outcomes and disease management.
Europe is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Allergy immunotherapies have witnessed notable advancements and expanding applications in Europe, where the market growth is primarily fueled by the high prevalence of allergies in developed countries. In particular, Germany, France, Italy, and the UK have seen significant demand due to the substantial number of individuals affected. Food allergies represent a considerable segment, with estimates suggesting that 2%-37% of Europe's population reports food allergies, and approximately 20% of this group experiences frequent reactions. Among European cities, Zurich, Madrid, Lodz, Utrecht, Reykjavik, and Athens exhibit the highest prevalence of food allergies.
This trend signifies a substantial operational efficiency gain for healthcare providers, as a larger patient base increases the potential for economies of scale and cost savings. The underlying dynamics of the market in Europe are driven by the increasing burden of allergies and the growing demand for effective treatment options.
Customer Landscape of Allergy Immunotherapies Industry
Companies are implementing various strategies, such as strategic alliances, allergy immunotherapies market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Adamis Pharmaceuticals Corp. - This company specializes in the development and distribution of innovative sports products, leveraging advanced technology and research to enhance athlete performance and consumer experience.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Allergy Immunotherapies Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.62% |
Market growth 2024-2028 |
USD 1189 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.55 |
Key countries |
Germany, France, US, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is witnessing significant growth due to the increasing prevalence of allergic rhinitis and asthma worldwide. Sublingual immunotherapy (SLIT), a form of allergen-specific immunotherapy, has shown promising efficacy in managing rhinitis symptoms. The mechanism of action involves the stimulation of immunoglobulin E (IgE) antibodies and T cell responses, leading to immune tolerance and long-term symptom relief. Manufacturers are focusing on optimizing treatment protocols, including allergen extract standardization and dosage optimization, to enhance the efficacy of immunotherapy. For instance, SLIT dosage escalation strategies are being explored to improve patient compliance and treatment outcomes. Clinical trials of peptide immunotherapies have shown positive results, offering an alternative to traditional allergen extracts. Patient selection criteria and safety profile assessment are crucial considerations in the immunotherapy market. Adverse events, such as anaphylaxis, are a concern, and biomarkers like IgE levels and T cell responses are being used to predict treatment response and minimize risks. Operational planning in the immunotherapy supply chain requires careful consideration of clinical outcome measures and treatment duration. Cost-effectiveness analysis is also essential, as personalized treatment approaches, such as allergen delivery systems tailored to individual patients, can impact the overall cost of treatment. In comparison to traditional allergy medications, immunotherapies offer long-term symptom relief and improved quality of life for patients. As the market continues to evolve, manufacturers must prioritize safety, efficacy, and patient-centric approaches to maintain competitiveness.
What is the expected growth of the Allergy Immunotherapies Market between 2024 and 2028?
USD 1.19 billion, at a CAGR of 9.62%
What segmentation does the market report cover?
The report is segmented by Product (SCIT and SLIT), Type (Allergic Rhinitis, Asthma, Food Allergy, and Others), and Geography (Europe, North America, Asia, and Rest of World (ROW))
Which regions are analyzed in the report?
Europe, North America, Asia, and Rest of World (ROW)
What are the key growth drivers and market challenges?
Increasing prevalence of allergies, Unknown pathogenesis
Who are the major players in the Allergy Immunotherapies Market?
Adamis Pharmaceuticals Corp., Aimmune Therapeutics Inc., ALK Abello AS, ALLERGOPHARMA GmbH and Co. KG, Allergy Therapeutics PLCÂ , Biomay AG, DBV Technologies SA, Desentum Oy, HAL Allergy BV, Immunomic Therapeutics Inc., Jubilant Pharmova Ltd., LETI Pharma SLU, LOFARMA Spa, Merck KGaA, Novartis AG, Optum Inc., SHIONOGI Co. Ltd., Stallergenes Greer Ltd., Torii Pharmaceutical Co. Ltd., and Viatris Inc.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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