The global birch allergy treatment market garnered a market value of USD 571 Million in 2023 and is expected to accumulate a market value of USD 1123.24 Million by registering a CAGR of 7% in the forecast period 2023 to 2033. Growth of the birch allergy treatment market can be attributed to increasing prevalence of the ailment along with presence of treatment options for birch allergy. The market for birch allergy treatment registered a CAGR of 3.4% in the historical period 2016 to 2021
Birch allergy is an allergic reaction to the pollen of birch trees, which can cause symptoms such as sneezing, runny nose, itchy eyes, and skin rash. Treatment for birch allergy typically involves a combination of avoidance measures, medication, and immunotherapy.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 571 Million |
| Anticipated Forecast Value (2033) | USD 1123.24 Million |
| Projected Growth Rate (2023 to 2033) | 7% CAGR |
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According to market research and competitive intelligence provider Future Market Insights- the market for Birch allergy treatment reflected a value of 3.4% during the historical period, 2018 to 2022.
Increasing prevalence of allergies, rising healthcare expenditure, and advancements in allergy treatment technologies are driving the growth of the market. The birch allergy treatment market is expected to follow this trend and grow in tandem with the overall allergy treatment market. Treatment options for birch allergy, including immunotherapy and medication, are likely to continue to evolve and improve, providing better options for patients with birch allergy.
Thus, the market for Birch allergy treatment is expected to register a CAGR of 7% in the forecast period 2023 to 2033.
Advancements in allergy treatment technologies boosting market growth
The incidence of allergies, including birch allergy, has been increasing globally in recent years. This trend is expected to continue, driving the demand for birch allergy treatment. The development of new and more effective treatments for allergies, including immunotherapy and biologic drugs, is driving the growth of the birch allergy treatment market.
Increasing healthcare expenditure, particularly in developing countries, is driving the growth of the healthcare sector, including the birch allergy treatment market. Governments are increasingly focusing on improving healthcare infrastructure and providing affordable healthcare to their citizens, which is expected to drive the growth of the birch allergy treatment market.
Increasing public awareness of allergies and the need for proper diagnosis and treatment is expected to drive the demand for birch allergy treatment. Overall, these drivers are expected to continue to fuel the growth of the birch allergy treatment market in the coming years.
Availability of different medications driving growth of Birch allergy treatment market
Medications: Over-the-counter antihistamines and decongestants can help relieve symptoms of birch allergy, such as sneezing, runny nose, and itchy eyes. For more severe cases, a doctor may prescribe stronger medications such as corticosteroids or immunomodulators.
Immunotherapy: Immunotherapy, also known as allergy shots, involves receiving injections or tablets containing gradually increasing doses of birch pollen to help build up tolerance to the allergen over time. This can provide long-term relief for birch allergy symptoms.
Sublingual immunotherapy (SLIT): SLIT is an alternative to allergy shots that involves placing a tablet or drops containing allergen extracts under the tongue. This method is less invasive than allergy shots but may not be as effective for all patients.
Emergency treatment: In rare cases, birch allergy can cause a severe allergic reaction called anaphylaxis, which requires emergency treatment with epinephrine.
Side effects of treatment along with undiagnosed symptoms derailing market growth for Birch allergy
Birch allergy is often underdiagnosed and underreported, which can limit the demand for treatment and hinder market growth. Some birch allergy treatments, such as immunotherapy, can be expensive and may not be covered by insurance, making them less accessible to some patients.
Some birch allergy treatments, such as corticosteroids and immunomodulators, can have side effects and safety concerns that can limit their use or cause patients to seek alternative treatments. The development of alternative therapies, such as natural remedies and homeopathic treatments, can create competition for traditional birch allergy treatments and limit market growth.
The regulatory environment for birch allergy treatments can be complex and may vary by region, which can make it difficult for companies to bring new treatments to market.
Availability of advanced healthcare infrastructure bolstering demand for Birch allergy treatment
The North America Birch allergy treatment market is driven by factors such as the increasing prevalence of allergies, rising healthcare expenditure, and the availability of advanced healthcare infrastructure in countries such as the United States and Canada. The growing prevalence of allergies, increasing demand for immunotherapy, and the availability of advanced healthcare infrastructure are driving the growth of the market in North America.
Additionally, the prevalence of birch allergy is relatively high in North America, particularly in regions with higher concentrations of birch trees. As such, there is a significant demand for birch allergy treatments, including immunotherapy, medications, and avoidance strategies, in this market.
Overall, the North America birch allergy treatment market is expected to continue to grow in the coming years, driven by the increasing prevalence of allergies and the development of new and more effective treatments. Thus, North America is expected to possess 48% market share for Birch allergy treatment market in 2023.
Availability of treatments and diagnostic tests driving market growth in Europe
The Europe Birch allergy treatment market is driven by factors such as the increasing prevalence of allergies, advancements in allergy treatment technologies, and rising healthcare expenditure in countries such as Germany, the United Kingdom, and France. Rising awareness of the need for proper diagnosis and treatment, and advancements in allergy treatment technologies are driving the growth of the market in Europe.
The prevalence of birch allergy is relatively high in Europe, particularly in countries with higher concentrations of birch trees, such as Finland, Sweden, and Norway. As such, there is a significant demand for birch allergy treatments, including immunotherapy, medications, and avoidance strategies, in this market. Thus, Europe is expected to possess 43% market share for Birch allergy treatment market in 2023.
Ongoing clinical trials for oral route of administration shaping landscape for birch allergy treatment
Oral administration of medications and immunotherapy has been shown to be effective in treating birch allergy. Oral medications such as antihistamines, decongestants, and corticosteroids can help alleviate symptoms of birch allergy such as sneezing, runny nose, and itchy eyes.
Sublingual immunotherapy (SLIT) is also an oral route of administration for allergy treatment that involves placing a tablet or drops containing allergen extracts under the tongue. SLIT has been shown to be effective in treating birch allergy and has the advantage of being less invasive than allergy shots.
In addition, there are ongoing clinical trials investigating the use of oral immunotherapy for birch allergy, which involves the ingestion of small amounts of birch pollen to gradually build up tolerance to the allergen. While still experimental, oral immunotherapy shows promise as a potential treatment option for birch allergy. Thus, oral route of administration is expected to possess 53% market share for Birch allergy treatment market in 2023.
Key players in the Birch allergy treatment market are Allergy Therapeutics Plc, Regeneron Pharmaceuticals Inc, Desentum, HAL Allergy Group, Roxall Medizin GmbH, Worg Pharmaceuticals AG, S-TARget therapeutics GmbH, Adamis Pharmaceuticals Corporation, Merck KGaA and Stallergenes Greer plc
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 571 Million |
| Market Value in 2033 | USD 1123.24 Million |
| Growth Rate | CAGR of 5.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Drug Class, Route of Administration, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Rest of Latin America, Germany, United kingdom, France, Spain, Italy, Rest of Europe, India, Malaysia, Singapore, Thailand, Rest of South Asia, China, Japan, South Korea, Austria, New Zealand, GCC countries, South Africa, Israel, Rest of MEA |
| Key Companies Profiled |
Allergy Therapeutics Plc; Regeneron Pharmaceuticals Inc.; Desentum; HAL Allergy Group; Roxall Medizin GmbH; Worg Pharmaceuticals AG; S-TARget therapeutics GmbH; Adamis Pharmaceuticals Corporation; Merck KGaA; Stallergenes Greer plc |
| Customization | Available Upon Request |
The market is valued at USD 571 million in 2023.
The growth potential of the birch allergy treatment market is 7% CAGR through 2033.
North America holds dominance in the global market.
Technological advancements in allergy treatment may drive market growth over the coming years.
Allergy Therapeutics Plc, Regeneron Pharmaceuticals Inc., and Desentum are key birch allergy treatment market players.
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Birch Allergy Treatment Market
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