The rising prevalence of allergic disorders and their burden across the globe are likely to drive the growth of the pollen allergy market in the forecast period.
The global Pollen Allergy market is expected to be valued US$ 5850.8 million in 2023, with a CAGR of 4.2%. As a result of technological advances in healthcare, the market is expected to reach US$ 8828.6 million by 2033.
The rising number of people suffering from pollen-based allergies, such as hay fever, is driving market expansion. Furthermore, as the number of sufferers, particularly youngsters, expands, so does the global Pollen Allergy market. Rapid urbanisation in emerging economies would be a prominent factor driving the growth of the Pollen Allergy market during the forecast period.
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Increased greenhouse gas emissions may create pollen-induced reparative sickness, slowing the expansion of the Pollen Allergy sector.
In terms of revenue share, corticosteroids dominated the Pollen Allergy market, and their use as a first-line treatment is expected to contribute to market expansion.
North America has dominated the global Pollen Allergy market due to the increasing frequency of allergies and awareness of therapy. The Pollen Allergy market in Europe is expected to be the world's second largest. Increased disease awareness among folks is another key factor that could boost market expansion in this region.
Key Takeaways from the Market Study
“Technological advancement in healthcare and increase in the prevalence of allergic rhinitis and rise in the number of patients especially children suffering from pollen allergies expected to radically transform the Pollen Allergy market in the coming years,”comments an analyst at FMI.
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Competitive Landscape
Some of the leading manufacturers and players assessed in the global Pollen Allergy market are bioMerieux SA, HOB Biotech Group Corp Ltd, Alcon, HYCOR Biomedical, Inc, Immunomic Therapeutics, Quest Diagnostics Incorporated, Omega Diagnostics Group PLC, Siemens Healthcare Private Limited, Stallergenes Greer, Lincoln Diagnostics, Inc. and others
Manufacturers and players functional in the global Pollen Allergy market are adopting various corporate growth strategies such as new product launches, mergers and acquisitions, and geographical expansion, among others.
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The North American region has a significant Pollen Allergies market share due to the high prevalence of allergies, favorable reimbursement policies, and the presence of key market players. The European region also has a substantial market share due to the growing prevalence of allergies, high healthcare spending, and increasing awareness about the available treatment options.
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Key Segments Covered in the Pollen Allergy Industry Survey
Pollen Allergy Market by Product Type:
Pollen Allergy Market by Allergen Type:
Pollen Allergy Market by Therapeutics Drug class:
Pollen Allergy Market by End-User:
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Jun 23, 2023