South Korea Allergy Immunotherapy Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 10.0% from 2024 to 2030.
The South Korea Allergy Immunotherapy Market is witnessing steady growth as the country continues to prioritize the health and well-being of its population. Allergy immunotherapy, a treatment aimed at reducing allergic responses, is becoming increasingly popular due to its long-term effectiveness. The rising number of individuals suffering from allergic diseases, including pollen, dust, and pet dander allergies, has spurred demand for advanced therapeutic solutions. In this article, we will delve into the types of allergy immunotherapy in South Korea and the requirements from industries to meet this growing demand.
The two main types of allergy immunotherapy prevalent in South Korea are sublingual immunotherapy (SLIT) and subcutaneous immunotherapy (SCIT). SCIT, the more traditional method, involves the injection of allergens into the skin, gradually building the body’s tolerance to the substances. SLIT, on the other hand, is an oral treatment where patients place drops of allergen extracts under their tongues. The convenience and non-invasive nature of SLIT have made it a preferred choice among many patients, especially in urban areas.
As the South Korean population continues to become more health-conscious, industries are required to adapt to meet the demand for allergy immunotherapy products and services. Pharmaceutical companies are focusing on the development of new, more effective allergy vaccines and treatments. These innovations aim to provide personalized care and enhance treatment outcomes. Moreover, the role of healthcare providers has grown significantly, with clinics and hospitals expanding their allergy immunotherapy services to offer better accessibility to patients.
Industry requirements for the market include robust regulatory standards to ensure the safety and efficacy of immunotherapy treatments. South Korea’s regulatory bodies have set strict guidelines for the approval of new allergy immunotherapy products, ensuring that only the safest and most effective solutions are available to the public. Furthermore, there is a demand for trained medical professionals who can administer these therapies, highlighting the need for ongoing education and certification in allergy treatment methods.
The allergy immunotherapy market in South Korea continues to evolve rapidly, driven by advancements in technology and the increasing prevalence of allergies. As more people seek long-term solutions to their allergic conditions, the market will expand, with pharmaceutical and healthcare industries playing a key role in shaping its future.
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ALK-Abello
Stallergenes Greer
Merck
Allergy Therapeutics
HAL
WOLW Pharma
Holister Stier
Leti
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Allergy Immunotherapy Market
Subcutaneous Immunotherapy (SCIT)
Sublingual Immunotherapy (SLIT)
Oral Immunotherapy (OIT)
Intranasal Immunotherapy
Allergic Rhinitis
Allergic Asthma
Food Allergies
Insect Allergies
Atopic Dermatitis
Short-term Treatment
Long-term Treatment
Maintenance Therapy
Injectables
Tablets
Oral Drops
Nasal Sprays
Pediatric Patients
Adult Patients
Geriatric Patients
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Allergy Immunotherapy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Allergy Immunotherapy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Allergy Immunotherapy Market, By Type
6. South Korea Allergy Immunotherapy Market, By Application
7. South Korea Allergy Immunotherapy Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Allergy Immunotherapy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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