Market Introduction
Allergen immunotherapy, also known as hypo-sensitization or desensitization, is a medical treatment for allergies. Measured doses of allergens are given to the patient resulting in reduced inflammation, which causes immune system to become less sensitive to the substance by blocking antibody function. Allergy immunotherapy primary therapeutic goals include reducing symptoms, reducing symptomatic medication use, and improving allergy-related quality of life.
Market Overview and Dynamics
The North America allergy immunotherapies market was valued at US$ 697.53 million in 2019 and is projected to reach US$ 1,634.17 million by 2027; it is expected to grow at a CAGR of 11.3 % during the forecast period. This can be attributed to the growing developments in the healthcare sector due to R&D activities in this industry. The increasing initiatives taken by various research institutes and organizations for improving medical facilities and services are further leading to market growth. The growing number of health disorders and rising demand for improved treatment and preventive measures has led to technological advancements in the medical industry.
Key Market Segments
Based on Treatment, the SCIT segment held a larger share of the North America allergy immunotherapies market in 2019. However, the SLIT segment is expected to grow at a higher CAGR during the forecast period. Based on allergy type, the allergic rhinitis segment held the greatest share of the market in 2019, and is anticipated to register the highest CAGR in the market during forecast period.
Based on distribution channel, the hospital pharmacy settings segment held the largest share of the North America allergy immunotherapies market in 2019, and is expected to grow at the fastest CAGR during the forecast period.
Major Sources and Companies Listed
Some of the major primary and secondary sources for the North America allergy immunotherapies market included in the report are American Academy of Allergy, Asthma & Immunology, Celsion Corporation, the US Food and Drug Administration (FDA) and World Allergy Organization (WAO).
Reasons to buy the report
NORTH AMERICA ALLERGY IMMUNOTHERAPIES MARKET SEGMENTATION
North America Allergy Immunotherapies Market – By Treatment
North America Allergy Immunotherapies Market – By Allergy Type
North America Allergy Immunotherapies Market – By Distribution Channel
North America Allergy Immunotherapies Market – By Geography
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 697.53 Million |
| Market Size by 2027 | US$ 1,634.17 Million |
| CAGR (2019 - 2027) | 11.3 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Treatment
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Allergy Immunotherapies Market is valued at US$ 697.53 Million in 2019, it is projected to reach US$ 1,634.17 Million by 2027.
As per our report North America Allergy Immunotherapies Market, the market size is valued at US$ 697.53 Million in 2019, projecting it to reach US$ 1,634.17 Million by 2027. This translates to a CAGR of approximately 11.3 % during the forecast period.
The North America Allergy Immunotherapies Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Allergy Immunotherapies Market report:
The North America Allergy Immunotherapies Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Allergy Immunotherapies Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Allergy Immunotherapies Market value chain can benefit from the information contained in a comprehensive market report.
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