Allergy Treatment Drugs Market is witnessing significant development with Glenmark Pharma launching nasal spray Ryaltris for the treatment of moderate to severe allergic rhinitis

There are several types of allergy treatment drugs available in the pet medicines market like antihistamines, decongestants and nasal sprays. Allergy antihistamines are used to reduce the histamine release in the body. One of the primary reasons behind the high demand for allergy treatment drugs is high incidence of food allergies worldwide. These food allergies can be due to different types of food products including soybean, peanuts, milk, eggs, fish, shellfish, wheat, etc. As per the Economic Impact of Peanut Allergies study, 2018, peanut allergies affect around 1.2% of the overall U.S. population and around 2.3% pediatric population. Food Allergy & Anaphylaxis, shellfish allergy affects around 2.5% of adults and 0.5% of children across the globe. Thus, such a high incidence could potentially bolster growth of the allergy treatment drugs market.

Allergy diagnostic and treatment can be a lifesaving procedure for those who have an allergic reaction to one or more common allergens. An allergic reaction can be the result of a reaction to any substance or allergen that has simply been introduced to the system. As far as geographical impact is considered, North America is exhibiting lucrative traction in the allergy treatment drugs market, which can be attributed to a high prevalence of different types of food allergies across the region. On the contrary, Asia Pacific is registering a positive outlook due to improving healthcare infrastructure and growing awareness in the region. Recently, in May 2021, Glenmark Pharma launched nasal spray Ryaltris for the treatment of moderate to severe allergic rhinitis in India.

Another type of allergy diagnostic and treatment is performed by looking at skin tests. This type of allergy testing looks for signs of allergic reactions to airborne substances such as pollens, mold spores, and dust mites. Despite these factors, there are certain aspects of the market that could limit the potential development. For instance, there is growing preference towards the use of biosimilars, which could impede growth of the allergy treatment drugs market. Besides, safety concerns and side-effects associated with existing drugs could further restrict the market growth in the near future.

The Allergy Products Test (APT) is one of the most commonly used allergy testing products. This test comes in two parts and is usually done in the office with the doctor, and sometimes at home with the patient. With growing cases of food allergies, people are increasingly becoming aware of self-medication. Growing importance of self-medication has increased with the availability of various over-the-counter medicines, which in turn, has increased the demand allergy treatment drugs. Hence, such factors can augment growth of the allergy treatment drugs market.