Allergy shots Market, also known as immunotherapy shots, are becoming increasingly popular in the medical world. These shots are used to treat a variety of allergies ranging from environmental allergies like pollen or pet dander to food-based allergies like peanuts. They can also be used to treat insect stings and venomous snakebites.
These shots work by introducing small amounts of allergens into the body over a period of time, allowing it to build up its tolerance against them. This helps people with allergies better manage their symptoms and lead normal lives without having to depend on medications that may have side effects or be ineffective overall.
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Key Takeaways from Allergy Shots Market Study
- Injections is the leading segment by product in the global allergy shots market. The sublingual immunotherapy (SLIT) segment has been gaining more traction in recent years, and is expected to expand by 6.5% during the forecast period.
- Europe is the leading market for allergy shots, followed by the U.S.
- The South Asian region, including India and ASEAN countries, is the fastest-growing allergy shots market, due to improving medical infrastructure.
- ALK Abello is the leading player in the global allergy shots market. The company invests most of its revenue in R&D, and thus, holds a strong pipeline, especially in the SLIT segment.
- 100+ health systems are partnering with retail chains, providing physician oversights and increased patient traffic to retail clinics, and extending health system networks to new patient populations.
- The COVID-19 pandemic has led to postponement of non-essential treatment in hospitals and clinics, which will impede market growth in the short term.
“Increasing corporate agreements and strong product pipeline will boost the global allergy shots market,” says a PMR analyst.
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Allergy Shots Market Happenings
The allergy shots market is witnessing continuous innovation in terms of specific treatments, recombinant immunotherapies, and others. Manufacturers in the allergy shots industry are extending their portfolios, customer base, and geographic reach through M&A and collaborations/partnerships. This help players enjoy mutual growth and maintain a competitive edge, and fulfil customer needs. For instance, in August 2020, Nestle Health Science division announced the acquisition of the food allergy portfolio of Aimmune Therapeutics by the end of 2020.
Additionally, strong focus and continuous investments in R&D by key players for the development and commercialization of allergy shots are expected to rise, leading to more advanced and specific treatment options. As of now, more than 40 products are in clinical trials, and are expected to be commercializes in the next 2-3 years.
Hospitals – Leading Distribution Channel for Allergy Shots
Institutional distribution channels such as government hospitals, semi-government hospitals, and private hospitals hold the maximum share in the global allergy shots market. Allergy treatments such as subcutaneous allergy immunotherapies and emergency medicines are being administered at hospital facilities. Along with that, most patients look for reimbursements, as allergy treatments are particularly costly. Allergy shots are currently reimbursed in 56% European countries, including major countries such as Germany, the U.K., France, Italy, Spain, and Russia.
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Key Segments of Allergy Shots Market
| Product |
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| Immunotherapy |
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| Indication |
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| Allergen |
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| Distribution Channel |
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