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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Allergy Treatment Market Size
The global allergy treatment market attained a value of USD 21.62 billion in 2023 driven by rising demand for Immunotherapy and Anti-Allergy Drugs. The market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2024-2032 to attain a value of USD 38.11 billion by 2032.
Allergy Treatment Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
Globally, allergy treatment market reached a value of USD 21.62 billion in 2023.
The market is projected to expand at a CAGR of 6.5% from 2024 to 2032, growing to USD 38.11 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising cases of allergy rhinitis, allergic asthma, conjunctivitis, and stinging insect allergy, among others, growing demand for immunology and anti-allergy drugs, the rising healthcare expenditure in emerging economies, and the growing awareness about the fatality of allergies, among others, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing investments in R&D activities in the field of medicine, along with the technological advancements in the healthcare infrastructure in emerging economies.
Eye allergy, rhinitis, asthma, skin allergy, and food allergies, among others are the major allergy treatment types.
Anti-allergy drugs and immunotherapy are the different kinds of treatments considered within the market report.
The major players in the industry are AbbVie Inc., GlaxoSmithKline PLC, F. Hoffmann-La Roche Ltd., Johnson & Johnson Services, Inc., Sanofi S.A., and LETI Pharma, S.L.U., among others.
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