Asthma Allergy Treatment Market Revenue was valued at USD $38.5 Billion in 2024 and is estimated to reach USD $60.7 Billion by 2033, growing at a CAGR of 6.2% from 2026 to 2033.
The European asthma and allergy treatment market is experiencing significant growth, propelled by increasing prevalence rates and a heightened demand for effective therapies. This surge is not only influencing healthcare providers but also shaping the requirements of various industries involved in allergy and asthma management.
In Europe, allergies affect a substantial portion of the population, leading to a robust market for treatments. Companies like ALK-AbellĂł are at the forefront, specializing in allergy immunotherapy products. Their portfolio includes sublingual immunotherapy tablets (SLIT-tablets) for grass, ragweed, and house dust mite allergies, catering to the diverse needs of allergic patients across the continent. citeturn0search11
The demand for innovative treatments is also evident with medications like omalizumab (Xolair), a monoclonal antibody targeting immunoglobulin E (IgE). Initially approved for severe asthma, omalizumab has expanded its indications, now including chronic rhinosinusitis with nasal polyps and chronic spontaneous urticaria. In March 2024, the European Medicines Agency recommended its approval for these additional uses, reflecting the evolving landscape of allergy treatments. citeturn0search10
The market's growth is also influenced by environmental considerations. Pharmaceutical companies are under increasing pressure to develop eco-friendly inhalers. For instance, GSK plans to update the propellant in its Ventolin inhaler, aiming to reduce its carbon footprint by over 40%. Similarly, AstraZeneca is working on a new propellant for its Breztri inhaler, targeting a 20% reduction in greenhouse gas emissions. These initiatives align with global efforts to mitigate climate change and comply with international agreements. citeturn0news14
Furthermore, the market is witnessing a shift towards personalized medicine. Allergen immunotherapy, which aims to desensitize patients to specific allergens, is gaining traction. Both subcutaneous and sublingual immunotherapies are being utilized, with sublingual forms offering patient-friendly options. This approach not only enhances treatment efficacy but also aligns with the industry's move towards individualized patient care. citeturn0search12
In summary, the European asthma and allergy treatment market is evolving rapidly, influenced by technological advancements, environmental considerations, and a shift towards personalized therapies. These changes present both challenges and opportunities for healthcare providers and industries involved in allergy and asthma management.
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Johnson & Johnson
Allergopharma
Sanofi SA
McNeil Consumer Healthcare
Genentech
GlaxoSmithKline PLC
Leti Pharma
Alerpharma
Allergan
Meda Pharmaceuticals
Novartis International
Bausch Health Companies
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 Europe 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 Europe Asthma Allergy Treatment Market
Medications
Immunotherapy
Others
Bronchodilators
Leukotriene Modifiers
Inhaled Corticosteroids
Monoclonal Antibodies
Combination Medications
Oral
Inhalation
Injection
Hospitals
Home Care Settings
Specialized Clinics
Others
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Asthma Allergy Treatment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Market Size And Trends
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Asthma Allergy Treatment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Asthma Allergy Treatment Market, By Type
6. Europe Asthma Allergy Treatment Market, By Application
7. Europe Asthma Allergy Treatment Market, By Geography
Europe
8. Europe Asthma Allergy Treatment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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