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Food Allergy market Insight
The Food Allergy market size was valued ~1,648 million in 2023 and is anticipated to grow with a significant CAGR during the study period (2020-2034).
NEVADA, LAS VEGAS, UNITED STATES, June 18, 2024 /EINPresswire / --
DelveInsight's“Food Allergy Market Insights, Epidemiology, and Market Forecast-2034′′ report offers an in-depth understanding of the Food Allergy, historical and forecasted epidemiology as well as the Food Allergy market trends in the United States, EU4 (Germany, Spain, Italy, France) the United Kingdom and Japan.
To Know in detail about the Food Allergy market outlook, drug uptake, treatment scenario and epidemiology trends, Click here; Food Allergy Market Forecast
Some of the key facts of the Food Allergy Market Report:
The Food Allergy market size was valued ~1,648 million in 2023 and is anticipated to grow with a significant CAGR during the study period (2020-2034)
Among the 7MM, the United States led the market in 2023, holding the largest share at approximately 86%.
In 2023, the EU4 and the UK collectively garnered an estimated USD 167 million, with a significant CAGR expected in the coming years. Among these European countries, Spain held the largest market share, followed by Italy, Germany, and France. The UK had the smallest market share that year.
Within the 7MM, the market was mainly composed of categories such as Epinephrine, Antihistamines, Steroids, Beta-2-agonists, and Palforzia. Among these, Palforzia led in market revenue, achieving approximately USD 720 million in 2023.
According to DelveInsight's analysts, there were an estimated 57.5 million prevalent cases of food allergy in the 7MM in 2023.
The United States had the largest diagnosed prevalent population of food allergy among the 7MM countries. DelveInsight's estimates show that the total prevalent cases of food allergy in the US were approximately 33.1 million in 2023. This number is expected to rise in the forecast period due to growing awareness among patients and the introduction of new therapies.
DelveInsight's analysis suggests that the total prevalent cases of food allergy in EU4 and the UK were approximately 16.9 million in 2023. Over the study period, significant increases in cases are expected for all contributing countries except Germany, where a decrease in cases is anticipated.
In 2023, it was estimated that Japan had approximately 7.4 million total prevalent cases of food allergy. However, projections indicate a decrease in these cases by 2034.
As per DelveInsight's analysis, in 2022, the overall prevalent cases of food allergy were estimated to be around 57,307,000 cases across the Seven Major Markets (7MM). It is anticipated that these numbers will rise by the year 2032.
In 2022, the United States reported approximately 32,885,956 cases of food allergy, while the EU4 and the UK reported 16,961,000 cases, and Japan reported 7,460,164 cases. It is anticipated that these numbers will rise by 2032.
Within the EU4 and the UK, Spain recorded the highest prevalence of food allergy cases, totaling 4,581,674 cases in 2022.
In April 2023, DBV Technologies disclosed that they had received written feedback from the US Food and Drug Administration (FDA) regarding the regulatory pathway for the investigational ViaskinTM Peanut 250 μg patch (DBV712) intended for toddlers aged 1 to 3 years old with a confirmed peanut allergy.
In March 2023, DBV Technologies has commenced a Phase III clinical trial, which is double-blind, placebo-controlled, and randomized, to evaluate the effectiveness and safety of epicutaneous immunotherapy using DBV712 at a dose of 250 μg in children aged 4 to 7 years with peanut allergies. This study is known as VITESSE.
Key Food Allergy Companies: Aimmune Therapeutics, Inc., Novartis Pharmaceuticals, DBV Technologies, Aimmune Therapeutics, Inc., Novartis Pharmaceuticals, DBV Technologies, Intrommune Therapeutics, Xencor, Vedanta Biosciences, Alladapt Immunotherapeutics, Aravax, Regeneron, DBV Technologies, Novartis AG, Camallergy, Genentech, GI Innovation, and others
Key Food Allergy Therapies: Palforzia, Ligelizumab, Viaskin Peanut, INT301, AIMab7195, VE416, ADP101, PVX-108, Dupilumab, DBV 135, Ligelizumab, CA002, Omalizumab, GI 301, and others
The Food Allergy market is expected to surge due to the disease's increasing prevalence and awareness during the forecast period. Furthermore, launching various multiple-stage Food Allergy pipeline products will significantly revolutionize the Food Allergy market dynamics.
Food Allergy Overview
A food allergy develops when the immune system identifies a particular food as harmful and responds by triggering symptoms, which is known as an allergic reaction. These allergic reactions are caused by allergens, which are specific foods that induce immune responses in susceptible individuals.
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Food Allergy Epidemiology
The epidemiology section provides insights into the historical, current, and forecasted epidemiology trends in the seven major countries (7MM) from 2020 to 2034. It helps to recognize the causes of current and forecasted trends by exploring numerous studies and views of key opinion leaders. The epidemiology section also provides a detailed analysis of the diagnosed patient pool and future trends.
Food Allergy Epidemiology Segmentation:
The Food Allergy market report proffers epidemiological analysis for the study period 2020–2034 in the 7MM segmented into:
Total Prevalence of Food Allergy
Prevalent Cases of Food Allergy by severity
Gender-specific Prevalence of Food Allergy
Diagnosed Cases of Episodic and Chronic Food Allergy
Download the report to understand which factors are driving Food Allergy epidemiology trends @ Food Allergy Epidemiology Forecast
Food Allergy Drugs Uptake and Pipeline Development Activities
The drugs uptake section focuses on the rate of uptake of the potential drugs recently launched in the Food Allergy market or expected to get launched during the study period. The analysis covers Food Allergy market uptake by drugs, patient uptake by therapies, and sales of each drug.
Moreover, the therapeutics assessment section helps understand the drugs with the most rapid uptake and the reasons behind the maximal use of the drugs. Additionally, it compares the drugs based on market share.
The report also covers the Food Allergy Pipeline Development Activities. It provides valuable insights about different therapeutic candidates in various stages and the key companies involved in developing targeted therapeutics. It also analyzes recent developments such as collaborations, acquisitions, mergers, licensing patent details, and other information for emerging therapies.
Food Allergy Therapies and Key Companies
INT301: Intrommune Therapeutics
AIMab7195: Xencor
VE416: Vedanta Biosciences
ADP101: Alladapt Immunotherapeutics
PVX-108: Aravax
Dupilumab: Regeneron
DBV 135: DBV Technologies
Ligelizumab: Novartis AG
CA002: Camallergy
Omalizumab: Genentech
GI 301: GI Innovation
Food Allergy Market Drivers
Increasing prevalence of food allergies, growth in commercial and scientific activities for research and development are some of the important factors that are fueling the Food Allergy Market.
Food Allergy Market Barriers
However, lack of Public awareness, accurate diagnosis of food allergies is critical and other factors are creating obstacles in the Food Allergy Market growth.
Scope of the Food Allergy Market Report
Study Period: 2020–2034
Coverage: 7MM [The United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan]
Key Food Allergy Companies: Intrommune Therapeutics, Xencor, Vedanta Biosciences, Alladapt Immunotherapeutics, Aravax, Regeneron, DBV Technologies, Novartis AG, Camallergy, Genentech, GI Innovation, and others
Key Food Allergy Therapies: Palforzia, Ligelizumab, Viaskin Peanut, INT301, AIMab7195, VE416, ADP101, PVX-108, Dupilumab, DBV 135, Ligelizumab, CA002, Omalizumab, GI 301, and others
Food Allergy Therapeutic Assessment: Food Allergy current marketed and Food Allergy emerging therapies
Food Allergy Market Dynamics: Food Allergy market drivers and Food Allergy market barriers
Competitive Intelligence Analysis: SWOT analysis, PESTLE analysis, Porter's five forces, BCG Matrix, Market entry strategies
Food Allergy Unmet Needs, KOL's views, Analyst's views, Food Allergy Market Access and Reimbursement
To know more about Food Allergy companies working in the treatment market, visit @ Food Allergy Clinical Trials and Therapeutic Assessment
Table of Contents
1. Food Allergy Market Report Introduction
2. Executive Summary for Food Allergy
3. SWOT analysis of Food Allergy
4. Food Allergy Patient Share (%) Overview at a Glance
5. Food Allergy Market Overview at a Glance
6. Food Allergy Disease Background and Overview
7. Food Allergy Epidemiology and Patient Population
8. Country-Specific Patient Population of Food Allergy
9. Food Allergy Current Treatment and Medical Practices
10. Food Allergy Unmet Needs
11. Food Allergy Emerging Therapies
12. Food Allergy Market Outlook
13. Country-Wise Food Allergy Market Analysis (2020–2034)
14. Food Allergy Market Access and Reimbursement of Therapies
15. Food Allergy Market Drivers
16. Food Allergy Market Barriers
17. Food Allergy Appendix
18. Food Allergy Report Methodology
19. DelveInsight Capabilities
20. Disclaimer
21. About DelveInsight
About DelveInsight
DelveInsight is a leading Healthcare Business Consultant, and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.
It also offers Healthcare Consulting Services, which benefits in market analysis to accelerate the business growth and overcome challenges with a practical approach.
Gaurav Bora
DelveInsight Business Research
+1 469-945-7679
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