Allergen Extract Market Report 2024 (Global Edition)

Global Allergen Extract Market Report 2024 Market Size Split by Type (Pollen, Pet Dander, Dust Mites, Others), by Treatment Type (Subcutaneous Allergen Extracts, Sublingual Allergen Extracts, Intrader...

Allergen Extract Market Report Description

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Allergen Extract Market Insights Video

Competitive Landscape of the Allergen Extract Market

The competitive landscape of the Allergen Extract industry is distinguished by a wide variety of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established medical device manufacturers, specialized Allergen Extract companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

March 2023: Aravax, a clinical-stage biotechnology company developing next-generation immunotherapies that are safe, convenient, and precisely targeted, announced that it had launched the first clinical trial sites in Australia for AVX-201, a Phase 2 trial of PVX108 for the treatment of peanut allergy. (Source:https://www.aravax.com.au/single-post/aravax-initiates-phase-2-peanut-allergy-clinical-trials-in-australia) July 2022: Stallergenes Greer, a worldwide healthcare firm specializing in allergen immunotherapy (AIT), announced good findings regarding the significant benefit of sublingual liquid allergen immunotherapy treatment (AIT) on the onset and worsening of asthma in individuals with allergic rhinitis. (Source:https://www.stallergenesgreer.com/positive-results-efficapsi-real-world-study-confirm-significant-benefit-sublingual-liquid-ait)

Top Companies Market Share in Allergen Extract Industry: (In no particular order of Rank)

• F. Hoffman La-Roche
• Merck & Co. Inc.
• Novartis AG
• Stallergenes S.A
• ALK-Abello
• Shionogi & Co.
• Allergopharma
• HollisterStier Allergy
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Regional Analysis of the Allergen Extract Market

Which Region Dominates the Allergen Extract Market in 2024?

According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of worldwide sales. North America is expected to drive the growth of the allergen extract market due to several major factors. The region's high allergy prevalence, combined with an advanced healthcare infrastructure, ensures extensive access to diagnostic and treatment options. Increased understanding of allergies and the benefits of early treatment help to drive up allergy immunotherapy adoption rates. Furthermore, substantial research and development operations in the United States and Canada contribute to ongoing innovation in allergen extract products. Government initiatives and financing for allergy research help to drive market growth, establishing North America as a key region for allergen extract market advancement.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Allergen Extract market because the Asia-Pacific region is expected to drive growth in the allergen extract market, owing to increased urbanization and industrialization, all of which contribute to an increase in allergy prevalence. Growing healthcare awareness and infrastructure in China, India, and Japan improves access to allergy diagnosis and treatments. Economic growth in these countries allows for increased healthcare spending, which encourages the use of modern medical procedures such as allergy immunotherapy. In addition, increased investments in healthcare and government measures to strengthen public health infrastructure help to drive market growth. As a result, the Asia Pacific region is emerging as a key growth driver for the allergen extract market.

 

The current report Scope analyzes Allergen Extract Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Allergen Extract

According to Cognitive Market Research, the global Allergen Extract market size was estimated at USD 9158.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3663.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Allergen Extract market with a market size of USD 2890.45 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The United States is a hotbed of medical research and development. Advances in allergen extract technology, such as increased efficacy and innovative delivery techniques, are likely to be developed and adopted first in the United States, accelerating market growth.
• The Canada Allergen Extract market had a market share of USD 439.61 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Health Canada established specific criteria for the creation, approval, and marketing of allergen extracts. This might create a steady foundation for market expansion.
• The Mexico Allergen Extract market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 333.37 million in 2024.

Europe Allergen Extract

According to Cognitive Market Research, the global Allergen Extract market size was estimated at USD 9158.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2747.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Allergen Extract market had a market share of USD 461.59 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, increased public knowledge of allergies and improved testing technologies result in earlier detection and treatment. This results in a bigger pool of possible allergen immunotherapy patients.
• The France Allergen Extract market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 252.78 million in 2024.
• According to Cognitive Market Research, the German Allergen Extract market size was valued at USD 544.02 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. German manufacturers stress engineering excellence and efficiency. In Germany, favorable rules and guidelines encourage the safe application and development of allergen extracts.
• The Italy Allergen Extract market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 236.29 million in 2024.
• The Russia Allergen Extract market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 425.87 million in 2024.
• The Spain Allergen Extract market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 225.30 million in 2024
• The Luxembourg Allergen Extract market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 85.17 million in 2024.
• The Portugal Allergen Extract market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 57.70 million in 2024.
• The Greece Allergen Extract market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 32.97 million in 2024.
• Rest of Europe's Allergen Extract market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 425.87 million in 2024.

Asia Pacific Allergen Extract

According to Cognitive Market Research, the global Allergen Extract market size was estimated at USD 9158.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2106.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031

• According to Cognitive Market Research, the China Allergen Extract market size was valued at USD 947.92 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. The growing demand for individualized and precise medical treatments pushes the adoption of tailored allergen immunotherapy.
• The Japan Allergen Extract market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 290.69 million in 2024.
• The India Allergen Extract market had a market share of USD 252.78 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. In India, government programs and funding aimed at improving allergy care help drive market expansion.
• The South Korea Allergen Extract market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 210.65 million in 2024.
• The Australia Allergen Extract market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 109.54 million in 2024.
• The South East Asia Allergen Extract market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 145.35 million in 2024.
• The Rest of Asia Pacific Allergen Extract market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 149.56 million in 2024.

South America Allergen Extract

According to Cognitive Market Research, the global Allergen Extract market size was estimated at USD 9158.6 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 457.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031

• According to Cognitive Market Research, the Brazil Allergen Extract market size was valued at USD 195.99 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Continuous advancements and investments in healthcare facilities improve access to allergy testing and treatment throughout the country.
• Argentina's Allergen Extract market had a market share of USD 76.93 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's urbanization and environmental pollution contribute to rising allergy prevalence, highlighting the importance of appropriate allergen management.
• Colombia Allergen Extract market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 40.76 million in 2024.
• Peru Allergen Extract market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 37.55 million in 2024.
• Chile Allergen Extract market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 32.97 million in 2024.
• The Rest of Latin America's Allergen Extract market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 73.73 million in 2024.

Middle East and Africa Allergen Extract

According to Cognitive Market Research, the global Allergen Extract market size was estimated at USD 9158.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 183.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The GCC Countries Allergen Extract market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 78.40 million in 2024. A rising number of allergy and immunology-trained healthcare providers guarantees that allergen therapies are administered correctly.
• The Egypt Allergen Extract market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 19.23 million in 2024.
• The South Africa Allergen Extract market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 28.94 million in 2024. South Africa's unique climate and flora produce a wide spectrum of allergens, increasing the demand for customized allergen extracts adapted to regional requirements.
• The Turkey Allergen Extract market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 15.75 million in 2024.
• The Nigeria Allergen Extract market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 19.23 million in 2024.
• The Rest of the MEA Allergen Extract market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 21.61 million in 2024.

Allergen Extract Market Analysis

Allergen Extract Market Type Segment Analysis

According to Cognitive Market Research, Pollen is the dominating category. Pollen allergen extracts are used in skin prick tests or specialized IgE blood tests to detect allergies to particular types of pollen, such as grass, tree, or weed pollen. These tests assist healthcare providers in diagnosing pollen allergies and determining the most effective treatment option. Pollen allergen extracts are an important component of allergy immunotherapy, a treatment method for desensitizing people to allergens and lowering allergic responses. Patients are treated with gradually increasing dosages of pollen allergens by subcutaneous (SCIT) or sublingual (SLIT) immunotherapy in order to establish tolerance over time.

Dust Mites are the fastest-growing category in the Allergen Extract market. Allergen extracts can be adjusted to contain specific dust mite allergens found in a given geographic region or to match the sensitivities of individual patients. This tailored strategy ensures that immunotherapy therapies work for each patient. Dust mite allergen extracts are very effective in treating year-round allergies caused by indoor dust mite exposure. Immunotherapy using dust mite allergen extracts can help ease symptoms, including sneezing, runny nose, and wheezing, giving patients long-lasting relief.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Allergen Extract Industry. Request a Free Sample PDF!

Allergen Extract Market Treatment Type Segment Analysis

According to Cognitive Market Research, the dominating category is Subcutaneous Allergen Extracts. Subcutaneous allergen extract treatment has been shown to reduce allergy symptoms and the requirement for symptomatic medicines effectively. Patients choose SCIT for its ability to provide long-term comfort and increase quality of life. Medical society recommendations and guidelines that support the use of subcutaneous immunotherapy for certain allergies, such as allergic rhinitis and venom allergies, boost demand among healthcare professionals and patients.

The fastest-growing category in the Allergen Extract market is Sublingual Allergen Extracts. SLIT is regarded as a pediatric-friendly treatment option due to its non-invasive nature and safety profile. The demand for SLIT in allergic children and adolescents stems from a desire for effective and well-tolerated treatments. Increased availability of SLIT products, together with insurance coverage for therapy, improves accessibility and affordability for patients, encouraging demand for this kind of allergen extract treatment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Allergen Extract Route of Administration Segment Analysis

Route of Administration Segment Analysis

According to Cognitive Market Research, the dominating category is Tablets. Tablet allergen extract is a dry powder that is inhaled by the nose. It is prescribed to treat hay fever and allergic rhinitis. Tablets are little pieces of paper or thin films used to make and dispense medications. They can be formed from a number of materials, including polymers, binders, minerals, and glass. The most common type of tablet formulation is a compacted mixture of medication components and excipients (non-active substances), which aids in dose stability and tablet formulation.

The fastest-growing category in the Allergen Extract market is Injectable. Injectable allergen extract is a liquid injected beneath the skin. It is used to treat allergies, including hay fever, allergic asthma, and bee sting allergy. It works by reducing the immune system's sensitivity to allergens.

• Tablets
• Injectable

Allergen Extract Application Segment Analysis

Allergen Extract Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Allergic Asthma. Allergen immunotherapy has been found to alleviate asthma symptoms, including coughing, chest tightness, wheezing, and shortness of breath in people with allergic asthma. This reduction in symptoms leads to a higher quality of life and less dependency on asthma drugs. Immunotherapy with allergen extracts can help reduce asthma attacks caused by allergen exposure. Immunotherapy reduces the severity of allergic reactions to certain allergens, lowering the risk of asthma aggravation and hospitalization.

The fastest-growing category in the Allergen Extract market is Skin Allergies. In cases of persistent urticaria or hives caused by allergens, allergy immunotherapy with allergen extracts is a treatment option. Immunotherapy reduces the frequency and severity of hives by desensitizing the immune system to certain allergens.

• Allergic Asthma
• Skin Allergies
• Allergic Rhinitis
• Others

Allergen Extract Application Segment Analysis

Allergen Extract Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Diagnostics. Allergen extracts are important in allergy diagnostics because they help identify the individual allergens that cause allergic responses. These extracts are used in a variety of diagnostic tests, including skin prick testing, intradermal testing, and patch testing, to identify allergy sensitivities. Furthermore, allergen extracts are used in particular IgE blood tests and component-resolved diagnostics to detect allergen-specific immunoglobulin E (IgE) antibodies in the blood and identify allergen components that cause allergic reactions. This comprehensive diagnostic technique allows healthcare providers to create tailored treatment strategies for patients with allergic disorders.

The fastest-growing category in the Allergen Extract market is Therapeutics. Allergy extracts play an important role in allergy immunotherapy (AIT), which aims to desensitize people to specific allergens. Subcutaneous immunotherapy (SCIT) is a technique for inducing immunological tolerance by allergen extract injections. Sublingual immunotherapy (SLIT) involves self-administering allergen extract tablets or drops beneath the tongue. Individual sensitivities are targeted by customized allergen extract formulations, which reduce allergic rhinitis and allergic asthma symptoms while also preventing allergy progression. Long-term advantages include persistent symptom alleviation and reduced dependency on symptomatic drugs, enhancing the overall quality of life for individuals with allergic diseases.

• Diagnostics
• Therapeutics

Allergen Extract Distribution Channel Segment Analysis

Allergen Extract Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Hospitals. Hospitals have sophisticated diagnostic facilities for complete allergy testing with allergen extracts. This comprises skin prick testing, intradermal tests, and specialized IgE blood tests, which allow for reliable allergen identification. Many hospitals offer dedicated allergy clinics staffed by allergists and immunologists who use allergen extracts to diagnose and treat patients. These clinics provide customized allergy management plans, which include allergen immunotherapy.

The fastest-growing category in the Allergen Extract market is the Specialty Clinics. Specialty clinics frequently use allergists and immunologists with substantial experience addressing allergic diseases. These specialists employ allergen extracts to make exact diagnoses and provide tailored treatment programs.

• Hospitals
• Specialty Clinics
• Online Pharmacies
• Retail Pharmacies

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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