Global Allergy Immunotherapy Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Allergy Immunotherapy Market is estimated to be USD 1.86 Bn in 2023 and is expected to reach USD 2.75 Bn by 2028 growing at a CAGR of 8.13%.

Market dynamics, which refers to the ever-changing and evolving conditions, trends, and forces that impact the industries, is crucial for industry overview. It includes consumer demands, competition, technological advancements, economic shifts, and regulatory changes. We monitor the market and analyze the balance between demand and supply. Market dynamics that include drivers, restraints, opportunities, challenges, and insights are needed to make strategic decisions, whether entering new markets, launching new products, or setting pricing strategies.

The emerging trends in the market require market analysis to help set goals, make informed decisions about market entry and product development pricing, and inspire innovation to stay competitive and meet changing requirements. One of the most important elements is to analyze competitors to identify the gaps specific to the geographic location, product offerings, pricing, and opportunity areas for growth in internal and external development.

Understanding consumer behavior and market trends holistically is necessary to expand the company into new horizons and position itself in a new or existing market. It helps gain a competitive edge, save time & money, and reduce risks in the long term.

Market Segmentations

• The Global Allergy Immunotherapy Market is segmented based on Type, Application and Distribution Channel, and Geography.
• Subcutaneous immunotherapy involves the administration of allergens through subcutaneous injections. This traditional approach has been a longstanding method for managing allergies.
• SCIT has effectively treated various allergic conditions, including respiratory and insect venom allergies. The long-term benefits of SCIT include reduced symptoms, decreased medication reliance, and prevention of disease progression-challenges related to patient compliance due to the need for frequent clinic visits for injections. Moreover, Ongoing research focuses on improving SCIT formulations, reducing treatment duration, and enhancing patient comfort.
• Sublingual immunotherapy involves the administration of allergens in the form of sublingual tablets or drops. It offers a more convenient alternative to subcutaneous injections. SLIT is more suitable for patients, allowing self-administration at home after the initial dose under medical supervision. They are generally considered safer than SCIT, with a lower risk of systemic reactions. Ongoing research explores the expansion of SLIT indications to cover a broader spectrum of allergic conditions-the development of novel SLIT formulations, including fast-dissolving tablets and oral films.

Recent Development

• HollisterStier Allergy introduced its latest product innovation, Ultrafiltered Dog, in the allergy market. The product is effective in the diagnosis and treatment of dog-sensitive patients. - Jan 2023
• Allergy Partners, a single specialty allergy practice group, collaborated with Aimmune Therapeutics to offer Palforzia, an oral immunotherapy, directly to patients. - Oct 2022

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ALK-Abelló A/S, Allergopharma (a subsidiary of Merck Group), Anergis SA, ASIT biotech, Biomay AG, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Allergy Immunotherapy Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Allergy Immunotherapy Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Allergy Immunotherapy Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market