ALLERGY TREATMENT DRUGS MARKET ANALYSIS
Global Allergy Treatment Drugs Market – Regional Insights
North America accounted for the largest market share in 2018, owing to rising approval of novel drugs from regulatory bodies in the region. For instance, in January 2020, Aimmune Therapeutics, Inc. received the U.S. Food and Drug Administration (FDA) approval for PALFORZIA, for the treatment of peanut allergy. Moreover, increasing prevalence of various allergies is also expected to propel growth of the allergy treatment drugs market in the region. For instance, according to the American Academy of Pediatrics (AAP), in 2018, around 5.6 million children had a food allergy in the U.S.
Europe is expected to be the second-largest market for global allergy treatment drugs and it is projected to witness significant growth over the forecast period, owing to increasing number of food allergy incidences in the region. For instance, according to the Food Standard Agency (FSA), in March 2017, around 2 million people were diagnosed with food allergy in the U.K.
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