Allergies are prevalent in large numbers around the world. To tackle these allergies, a plethora of developments are taking place and have taken place earlier, bringing immense growth opportunities for the allergy treatment market. The success of various clinical trials regarding allergy treatments is expected to prove to be a great growth factor during the forecast period of 2019-2029.
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On the basis of type, the global allergy treatment market can be segmented into rhinitis, food allergies, eye allergies, skin allergies, asthma, and other allergies. All types of allergies can be treated by various allergy treatments such as anti-allergy drugs (decongestants, corticosteroids, antihistamines, and other drugs) and immunotherapy (sub-lingual immunotherapy and sub-cutaneous immunotherapy).
Increasing Cases of Certain Allergy Types to Enhance Growth
Allergies have affected a large number of people for long. Certain allergies affect a considerable chunk of the populace. Such allergy waves lead to finding new techniques that help in treatment. For instance, peanut allergy cases are multiplying to a great extent around the world. It is the most-caused food allergy type among children. Therefore, research and development activities are leading to the discovery of new treatments, eventually influencing the growth of the allergy treatment market positively.
North America to Derive Great Growth for Allergy Treatment Market
On the geographical horizon, North America may outshine other regions. The growing number of allergies throughout the countries in North America may serve as a prominent growth generator for the allergy treatment market. Asia Pacific is also prognosticated to achieve promising growth for the allergy treatment market due to a plethora of government initiatives to enhance the healthcare infrastructure and magnifying cases of allergy in the region.
Key players operating in the allergy treatment market are Schering-Plough Corporation, Sepracor, Inc., Collegium Pharmaceutical, Inc., Genentech Inc., Meda Pharmaceuticals, Allergy Therapeutics, Alerpharma S.A., Vicks, GlaxoSmithKline PLC, and Allergopharma.
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