Worldwide prevalence of allergic ailments continues to rise, with growing sensitization rates to common allergens, particularly among children. In the U.S. alone, allergies are sixth-leading cause of chronic diseases, with an annual allergy healthcare cost of over US$ 18 billion, according to the Centers for Disease Control and Prevention (CDC). A recent study of Fact.MR foresees allergy care market to continue on its steady trajectory, to exceed revenues worth US$ 5,500 Mn in 2018
The allergy care market is expected to remain consolidated among Tier 1 players, who currently account for approximately 75% share. While these players are focusing on expansion in manufacturing facilities and strategic alliances with regional distributors, small and mid-sized players are eyeing partnerships with local players and strengthening their regional presence.
Allergy care medication sales will remain consolidated in drug & pharmacies stores, accounting for over 50% share in 2018. Availability of a wide variety of kits in drug stores, devoid of the need for prescription has further led affected individuals to buy medicines respective to their ailments from these stores. However, online retailers are fast gaining palpability in the allergy care market, enabling consumers to purchase their medication with the comfort of their home and at relatively affordable costs.
Revenues from Antihistamine Medication to be 1.5X of Nasal Spray
Antihistamine medication has traditionally been in high demand, with over US$ 2000 Mn worth sales estimated in 2018. Revenues from antihistamine medication is expected to be nearly 1.5X than those from nasal spray sales worldwide in 2018. Antihistamines have emerged as an effective medication to manage allergies such as urticarial, conjunctivitis, and rhinitis. Newer antihistamines introduced in the market are less sedative their traditional counterparts, and are deemed efficacious through head-to-head long-term studies.
GPs from leading healthcare institutes have been working on the assessment of allergy management support system’s (AMSS) feasibility for IgE-mediated allergy care. Effective development of an AMSS would further aid GPs in handling the increasing burden of managing allergic diseases, as well as facilitate diagnosis and treatment of various allergy-affected individuals. However, further research is essential for rolling out the technology on a full scale.
The competitive landscape in the research report of allergy care market sheds light on the key players having a stronghold in the allergy care market space.
Johnson & Johnson Inc., a leading player in the allergy care market, announced a binding offer from Fortive to acquire advanced sterilization products in 2018.
This is a strategic move by J&J in order to streamline its portfolio post review of its over-the-counter drugs.
Sanofi-Aventis U.S. LLC, a prominent player in the allergy care market, completed the acquisition of Bioverativ for $11.6 billion in 2018.
This acquisition is aimed at expansion of the company in specialty care and solidification of its leadership for treatment of rare diseases.
Bayer AG, a key player in the allergy care market, completed acquisition of consumer care business of the U.S. pharmaceuticals group Merck & Co., Inc., Whitehouse Station, New Jersey in 2014.
This acquisition represents a milestone for Bayer for prosperous diversification of its product portfolio.
Key Country-wise Inclusions
• US Allergy Care Market
• Canada Allergy Care Market Sale
• Germany Allergy Care Market Production
• UK Allergy Care Market Industry
• France Calcium Silicate Boards Market
• Spain Allergy Care Market Supply-Demand
• Italy Allergy Care Market Outlook
• Russia & CIS Market Analysis
• China Allergy Care Market Intelligence
• India Allergy Care Market Demand Assessment
• Japan Allergy Care Market Supply Assessment
• ASEAN Allergy Care Market Scenario
• Brazil Allergy Care Market Sales Analysis
• Mexico Allergy Care Market Sales Intelligence
Crucial insights in the Allergy Care Market research:
Underlying macro- and microeconomic factors impacting the growth of the Allergy Care Market Basic overview of the Allergy Care Market including market definition, classification, and applications.
Scrutinization of each Allergy Care Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Allergy Care Market across various industries.
Important regions and countries offering lucrative opportunities to Allergy Care Market stakeholders.
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