House Dust Mite Allergy Treatment Market Overview By 2031

2022

House Dust Mite Allergy Treatment Market

by Treatment (Antihistamine, Immunotherapy, Other), by Type (Prescription based drugs, Over the counter drugs), by Route of administration (Oral medication, Nasal administration), by Distribution channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy): Global Opportunity Analysis and Industry Forecast, 2021-2031
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LS : Pharmaceuticals	Report Code: A16570	Jun 2022 \| Pages: 245
Tables: 172	Charts: 61	Formats*: Single User License, Five User License & Enterprise User License Data Pack Excel License It comes with the additional cost of $2500.00 contact sales.

House Dust Mite Allergy Treatment Market Research, 2031

The global house dust mite allergy treatment market size was valued at $1.5 billion in 2021, and is projected to reach $5.2 billion by 2031, growing at a CAGR of 13.4% from 2022 to 2031.House dust mite allergy is caused by dust mites, which are microscopic, eight-legged creatures that resemble to white spider. House dust mite allergy causes symptoms such as hay fever, cough, runny nose, and itchy red watery eyes.

The COVID-19 outbreak is anticipated to have a positive impact on growth of the global house dust mite allergy treatment market. . The people were forced to stay at home for longer time, which increased the exposure to indoor allergens and pollutants. Thus, increase in cases of house dust mite allergy during the COVID-19 pandemic notably contribute toward the growth of the market.

The growth of the global house dust mite allergy treatment market size is majorly driven by increase in prevalence of allergic diseases associated with house dust mites, rise in demand for immunological products, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments, and rise in R&D activities for manufacturing of anti-allergy drugs. According to the one of the chief medical officers at Medscape Education, in 2020, it was reported that around 20 million Americans are allergic to house dust mite. In addition, according to the Journal of Scientific Report, in March 2022, house dust mite is one of the leading factors of airway allergic diseases.

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Furthermore, increase in prevalence of asthma, house dust allergy and allergic rhinitis drives house dust mite allergy treatment market share. The population diagnosed asthma and allergic rhinitis is highly vulnerable to house dust mite allergy, thus driving the house dust mite allergy treatment market growth. In addition, increase in prevalence of indoor air pollutant such as house dust mites, pet dust, and pollens is anticipated to contribute toward the growth of the market. A person’s immune system reacts to allergens present in indoor such as dust mite, and develops allergic rhinitis. Moreover, increase in initiatives to spreading knowledge regarding different types of allergies propels the growth of the market

Furthermore, technological developments in the pharmaceutical industry to manufacture advanced anti-allergy products are expected to provide remunerative opportunities for expansion of the global house dust mite allergy treatment market during the house dust mite allergy treatment market forecast period. Moreover, strong presence of key manufacturing companies to manufacture and distribute house dust mite allergy treatment products and rise in expenditure on healthcare products propel the growth of the market. Initiatives taken by government and private organizations to develop pharmaceutical industry propel the growth of the market. However, rise in hygiene practices reduces the occurrence of house dust mite allergy, which, in turn, is expected to restrict the market growth.

Global House Dust Mite Allergy Treatment Market Segmentation

The house dust mite allergy treatment market is segmented into treatment, type, route of administration, distribution channel, and region. By treatment, the market is categorized into antihistamine, immunotherapy, and others. On the basis of type, it is divided into prescription-based drugs and over-the-counter drugs. Depending on route of administration, it is categorized into oral medication and nasal administration. By distribution channel, it is segregated into hospital pharmacy, online pharmacy, and retail pharmacy.

Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Segment Review

Depending on treatment, the others segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to advancements in R&D activities in the pharmaceutical sector and increase in number of key manufacturers. However, the antihistamine segment is expected to witness considerable growth during the forecast period, owing to increase in demand for antihistamine