A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the allergy care market. Presenting exclusive insights into the market from 2018 to 2027, the report projects that the market will witness significant growth during the forecast period. Increasing levels of environmental pollution and changing lifestyles are causing various allergies among people, and the incidence of skin allergy, eye allergy, rhinitis, and asthma has propelled over the years. The increasing number of allergies in people across the world is pushing them to procure care and treatment, thus driving the market of allergy care. The growth of the market is also complemented by factors such as rising demand for advanced therapy for allergy treatment, increasing research & development activities, and supportive government initiatives
Burgeoning Awareness Regarding Severity of Allergies Drive Demand
An allergy is the response of the body's immune system when a foreign element enters it, and its intensity depends on the individual's immunity level, with severe cases leading to death. For instance, asthma could be life-threatening if not attended immediately as the allergy reduces the function of the lungs. Elements such as dust mite, animal dander, insects, pollens, and mold could also cause allergies. Over the years, the occurrences of allergies such as food allergy, allergic asthma, hay fever, atopic dermatitis, and anaphylaxis have significantly increased, thereby driving awareness among people to seek care. Among the allergies, anaphylaxis is considered the most severe, posing a threat to life. Moreover, allergies are prevalent among industrialized countries, with the workforce being affected the most. The allergies are treated by immunotherapy and by using medicines such as antihistamines and steroids. The severeness of the allergies and alertness in people will continue to drive demand for allergy care.
Asia Pacific Exhibits Tremendous Growth Potential while North America Reigns Supremacy
North America is anticipated to lead the regional landscape of the allergy care market owing to high awareness among consumers. Closely following North America is the European region, which is expected to remain the second most lucrative market, owing to the increasing prevalence of numerous types of allergies among the population base, skyrocketing environmental pollution, and developed healthcare infrastructure. On the other hand, Asia-Pacific is anticipated to exhibit tremendous growth potential and metamorphose into a prominent region for allergy care. The growth of the region is primarily attributed to the growing allergic patient population, rising awareness regarding advanced immunotherapy, and increased expenditure by the government on healthcare systems.