House Dust Mite Allergy Treatment Market By Treatment (Antihistamine, Immunotherapy, Other), By Type (Prescription based drugs, Over the counter drugs), By Route of administration (Oral medication, Nasal administration), By Distribution channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global house dust mite allergy treatment market was valued at $1,481.2 million in 2021, and is projected to reach $5,189.3 million by 2031, registering a CAGR of 13.4% from 2022 to 2031. House dust mite allergy is referred to as an allergic reaction to tiny bugs that are present in house dust. The symptoms of house dust mite allergy are sneezing, red or watery eyes, itchy nose roof of mouth & throat, nasal congestion, cough, and swollen blue colored skin under the eye. In case of asthma, allergy results in difficulty in breathing, chest tightness or pain, an audible wheezing sound while exhaling, and shortness of breath.
The growth of the global house dust mite allergy treatment market is majorly driven by increase in-house allergens, rise in awareness among the population about allergic reactions caused due to various types of allergens, and alarming surge in prevalence of allergy diseases. According to the Allergy and Asthma Foundation, in March 2020, it was observed that dust mites are the leading causes of in-house allergies. Furthermore, according to the World Health Organization (WHO), in 2020, it was reported that around 70% of allergic reactions are caused due to house dust mite allergen. In addition, chronic exposure to house dust mites impacts the health of population with asthma, and those who are sensitive and allergic to mites. Thus, the population diagnosed with allergic rhinitis and asthma are more prone to house dust mite allergy. According to the Center for Disease Control and Prevention (CDC), in 2020, it was reported that around 25.2 million population is diagnosed from asthma, globally.
According to the Thermo Fisher Scientific, an American supplier of reagent & consumables, scientific instrument and software, it was reported that around 90% of population diagnosed with allergic asthma are sensitized to house dust mite allergens. Moreover, according to the Center for Disease Control and Prevention, in 2020, it was reported that around 60 million population were diagnosed with allergic rhinitis in the U.S. Thus, increase in prevalence of asthma and rhinitis fuels the growth of the house dust mite allergy treatment market.
However, rise in hygiene practices reduces the occurrence of house dust mite allergy, which hampers the growth of the house dust mite treatment market. Furthermore, lack of proper diagnosis of allergy symptoms caused by house dust mites acts as a key deterrent factor for the global market. On the contrary, increase in awareness among population about various treatments available for allergy diseases is expected to open new avenues for the expansion of the market. This has further encouraged many key players to enter emerging markets, thus offering lucrative opportunities for the market growth.
The global house dust mite treatment market is segmented into treatment, type, route of administration, distribution channel, and region. On the basis of treatment, the market is categorized into antihistamine, immunotherapy, and others. By type, it is bifurcated into prescription and over-the-counter. Depending on route of administration, it is segregated into oral medication and nasal administration. As per distribution channel, it is differentiated into hospital pharmacy, online pharmacy, and retail pharmacy. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global house dust mite allergy treatment market are ALK-Abello A/S, Allergy Therapeutics PLC., Bayer AG, Catalent Pharma Solutions Limited, GlaxoSmithKline Plc., Johnson and Johnson, Merz Pharma GmbH & Co. KGaA, Sanofi, Seqirus UK Limited, and Shionogi & Co. Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the house dust mite allergy treatment market analysis from 2021 to 2031 to identify the prevailing house dust mite allergy treatment market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the house dust mite allergy treatment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global house dust mite allergy treatment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Treatment
Antihistamine
Immunotherapy
Other
By Type
Prescription based drugs
Over the counter drugs
By Route of administration
Oral medication
Nasal administration
By Distribution channel
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ALK Abello A S
Allergy Therapeutics PLC
Bayer AG
Catalent Pharma Solutions Limited
GlaxoSmithKline plc.
johnson and johnson md&d
Merz Pharma GmbH an Co. KGaA
Sanofi
Seqirus UK Limited
Shionogi and Co. Ltd.
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