In allergy, the human immune system begins to react abnormally when exposed to specific foreign substances called allergens. These can be dust mites, dust particles, animal proteins, pollens, foods, drugs and molds. Allergies can be seasonal or perennial. Climate changes lead to seasonal allergies, while perennial allergies are due to allergens such as food, medication, pet hair or dander. Allergy symptoms include runny and stuffy nose, itching, wheezing, watery eyes, shortness of breath, eyes or face, lip swelling and others.
The Allergy Immunotherapy Market in Europe and Japan is Expected to Reach a Value of US$1,228.37 million in 2022 and show a 8.1% CAGR over the forecast period (2022-2030).
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The major market players are focusing on product approvals which is expected to propel the growth of the European and Japanese Allergy Immunotherapy market over the forecast period. For example, HAL Allergy BB obtained registration in 2018, for SUBLIVAC Trees 40,000 AUN/ml and SUBLIVAC Birch 40,000 AUN/ml in Germany.
Moreover, the major market players are also focusing their research and development activities on the development of allergy immunotherapy treatments, which is expected to drive the growth of the European and Japan allergy immunotherapy market over the forecast period.
Impact of COVID-19:
The coronavirus outbreak in China has affected more than 100 countries around the world. The COVID-19 outbreak has disrupted several industries. The allergy immunotherapy market in Europe and Japan has been impacted by the pandemic as transportation operations have been disrupted during this period. According to the European Medicines Agency (EMA), in March 2020 the European Medicines Regulatory Network was established in response to the COVID-19 pandemic for the development of methods to collect and share data whenever necessary. is required for medicinal products in the European Union. During the pandemic, people should adopt social distancing and maintain hygiene. Several research activities were hampered during this period, which negatively impacted the growth of the market.
Harmful effects of allergic immunotherapy such as oral and auditory pruritus, swelling of tongue, pharynx and tongue, throat irritation are likely to hinder the growth of the European and Japanese market for allergic immunotherapy during the forecast period. The National Center for Biology Information published an article in 2019, which reported that due to harmful side effects of allergy immunotherapy, 4-7% of patients in the United States had dropped out of clinical trials.
Europe among the regions is expected to witness significant growth in the allergy immunotherapy market in Europe and Japan over the forecast period. This growth can be attributed to the increase in product approval by regulatory bodies. For example, ALK-Abelló A/S announced the completion of the marketing authorization process in June 2019, for the sublingual allergy immunotherapy (SLIT) tablet in 17 countries in Europe under the name Tree SLIT-table brand.
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The major players active in the European and Japanese allergy immunotherapy market are DESENTUM OY, Novartis International AG, Torii Pharmaceutical Co., Ltd., Merck & Co., Inc., Allergy Therapeutics Plc., ALK-Abelló A/S , Regeneron Pharmaceuticals, Inc., Stallergenes Greer, Aimmune Therapeutics, Inc. and HAL Allergy BV
Reasons to Buy this Europe & Japan Allergy Immunotherapy Market Report
◘ Save time conducting entry-level research by identifying the size, growth and key players in the emerging Allergy Immunotherapy market in Europe and Japan
◘ Use five forces analysis to determine the competitive intensity and hence the attractiveness of the emerging Allergy Immunotherapy market in Europe and Japan
◘ Key Company Profiles Reveals Details of Key Players of European and Japanese Allergy Immunotherapy Market Emerging Five Transactions and Financial Performance
◘ Add weight to presentations and presentations by understanding the future growth prospects of the emerging Allergy Immunotherapy market in Europe and Japan with five-year historical forecasts
◘ Compares data from North America, South America, Asia Pacific, Europe and Middle East Africa, plus individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, Europe & Japan Allergy Immunotherapy market growth rate in 2028 is also explained. Additionally, consumption tables by type and application and European and Japanese allergy immunotherapy market figures are also provided.
Chapter 1 Industry overview
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Europe & Japan Allergy Immunotherapy Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Allergy Immunotherapy Industry in Europe and Japan
Chapter 2 Global Allergy Immunotherapy Competition in Europe and Japan by Types, Applications and Top Regions & Countries
2.1 Europe and Japan Global Allergy Immunotherapy (Volume and Value) by Type
2.3 Europe and Japan Global Allergy Immunotherapy (Volume and Value) by Regions
chapter 3 Generation market analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Allergy Immunotherapy Sales, Consumption, Export, Import in Europe and Japan by Regions
Chapter 5 Analysis of Allergy Immunotherapy Market in North America, Europe and Japan
Chapter 6 Allergy Immunotherapy Market Analysis in East Asia, Europe and Japan
Chapter 7 Analysis of the allergy immunotherapy market in Europe and Japan
Chapter 8 Analysis of Allergy Immunotherapy Market in South Asia, Europe and Japan
Chapter 9 Analysis of Allergy Immunotherapy Market in Southeast Asia, Europe and Japan
Chapter 10 Analysis of the allergy immunotherapy market in the Middle East, Europe and Japan
Chapter 11 Analysis of the Allergy Immunotherapy Market in Africa, Europe and Japan
Chapter 12 Allergy Immunotherapy Market Analysis in Oceania, Europe and Japan
Chapter 13 Analysis of Allergy Immunotherapy Market in South America, Europe and Japan
Chapter 14 Company Profiles and Key Figures in Europe and Japan Allergy Immunotherapy Business
Chapter 15 Global Allergy Immunotherapy Market Forecast in Europe and Japan (2022-2028)
Chapter 16 conclusion
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