Allergy Shots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global Allergy Shots Market is poised for substantial growth, propelling the market valuation from approximately US$ 2.6 billion in 2024 to an estimated US$ 6.2 billion by the end of 2031.
Driving Factors
The global Allergy Shots Market is experiencing robust growth, primarily attributed to the escalating incidence of various allergy types worldwide. Allergic rhinitis (AR), non-allergic rhinitis (NAR), and nonspecific rhinitis have shown median prevalence rates of 29.4%, 18.1%, and 12.0%, respectively, with variations by region. This increasing frequency of rhinitis, combined with the adoption of urbanized cultures, pollution, poor dietary habits, and alcohol use, has led to a surge in allergic reactions, including food and skin allergies. As lifestyles evolve, the demand for allergy shots treatments is rising, driving market expansion.
Moreover, the market continually evolves with advancements in specialized therapeutics and recombinant immunotherapies. Manufacturers are embracing mergers, acquisitions, collaborations, and partnerships to broaden their product portfolios, extend their client base, and expand their geographic reach.
Challenges and Barriers
Despite its promising growth, the Allergy Shots Market faces challenges. The treatment course for Allergy Shots is lengthy, lasting up to 3 to 5 years depending on the allergy's nature and stage. Patients often discontinue treatment midway due to age, health, location, or financial constraints, hindering market expansion.
Additionally, adverse side effects associated with allergy injections and tablets have contributed to a market decline. More than 10% of patients reported experiencing adverse reactions, with the majority being mild to severe local reactions such as oral pruritus or throat discomfort.
Country-wise Insights
• United States: The U.S. market is booming due to increased investments by regional key players in advanced product development, offering user-friendly solutions with rapid results. For example, Moonlight Therapeutics received $1.9 million in funding for preclinical investigations and product development for peanut allergy treatment.
• Germany: Germany is emerging as a lucrative market with a focus on increasing product launches. In September 2019, the introduction of ITULAZAX, an efficient sublingual Allergy Shots tablet for tree pollen allergy, marked a significant development.
• Japan: Japan is becoming a prominent market driven by the increasing prevalence of allergic rhinitis, affecting 10-30% of individuals globally. The high sensitivity of pollen from trees and grass in the region necessitates effective allergy treatments.
Competitive Landscape
The Allergy Shots Market is marked by a consolidated landscape with a small number of significant market players. Leading companies such as Aimmune Therapeutics, Hollister Allergy, Leti Pharma, and Merck KGaA are driving market growth through strategies like mergers and acquisitions, expansion, new product development, and alliances.
Key Companies Covered
• Stallergenes Greer
• Allergy Therapeutics
• Aimmune Therapeutics
• Anergis
• Arrayit Corporation
• Biomay AG
• HAL Allergy Group
• DBV Technologies
• ALK Abello
Key Segments Covered in Allergy Shots Industry Research
Product:
• SLIT Tablets
Odactra
Grastek
Ragwitek
Oralair
Actair
Others
• Oral
Palforzia
Others
• Injections
• Others
Immunotherapy:
• Sublingual Immunotherapy (SLIT)
• Subcutaneous Immunotherapy (SCIT)
Specific Immunotherapy
• Others
Indication:
• Allergic Rhinitis
• Allergic Asthma
• Food Allergy
• Atopic Dermatitis
• Others
Allergen:
• Pollens
Grass Pollens
Weed Pollens
Tree Pollens
• House Dust Mites (HDM)
• Mold
• Animal Dander
• Bee Venom
• Cockroaches/Insects
• Others
Distribution Channel:
• Institutional Sales
Government Hospitals
Semi-Government Hospitals
Private Hospitals
• Retail Sales
Retail Pharmacy
Drug Stores
Online Pharmacy
Region:
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa
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