Overview and Scope
House dust mite allergy refers to an allergic reaction to small insects that frequently reside in household dust. This includes the treatment provided for allergic reactions such as sneezing and allergy-related conditions.
Sizing and Forecast
The house dust mite allergy market size has grown rapidly in recent years. It will grow from $1.9 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to increased awareness and education, advancements in diagnostic tools, research and clinical studies, healthcare infrastructure development, regulatory guidelines and standards..
The house dust mite allergy market size is expected to see rapid growth in the next few years. It will grow to $3.69 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to regulatory support and allergen labeling, rising allergy prevalence, telemedicine and remote care, increased focus on precision medicine, expansion of allergen-avoidance products.. Major trends in the forecast period include public health awareness campaigns, integration of digital health solutions, focus on indoor environmental quality, growth in immunotherapy solutions, advancements in allergen avoidance products..
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Segmentation & Regional Insights
The house dust mite allergy market covered in this report is segmented –
1) By Product Type: Tablets, Nasal Drops, Injectable
2) By Treatment Type: Medication, Immunotherapy, Nasal Irrigation, Other Types
3) By Diagnosis: Skin Prick Test (SPT), Specific Immunoglobulin E (IgE) Blood Test, Other Diagnosis
4) By Dosage Forms: Solid, Liquid
5) By End Users: Hospitals, Homecare, Specialty Clinics, Other End Users
North America was the largest region in the house dust mite allergy market in 2023. Asia-pacific is expected to be the fastest-growing region in the house dust mite allergy market report during the forecast period. The regions covered in the house dust mite allergy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The prevalence of asthma diseases is expected to propel the growth of the house dust mite allergy market going forward. Asthma refers to a disease that causes one’s airways to constrict, swell and occasionally create more mucus that affects the lungs creating breathing issues. The patients suffering from asthma could easily affect by the surrounding dust which makes them more allergic and would increase their disease condition and need of several anti-allergic drugs, as a result, the increasing prevalence of asthma diseases increases the demand for house dust mite allergy treatments. For instance, in October 2021, according to the London School of Hygiene and Tropical medicine, an England-based public university, the prevalence of asthma increased by about more than 2% in Africa and 1 % every 10 years in Europe. Furthermore, in April 2023, according to Asthma + Lung UK, a UK-based non-profit organization defending the freedom to breathe, between 2021 and 2022, hospital admissions for children with Asthma surged by 149 percent in England and Wales. Therefore, the prevalence of asthma diseases is driving the house dust mite allergy market.
Key Industry Players
Major companies operating in the house dust mite allergy market are developing new AI-powered allergy testing to gain a competitive edge in the market. Allergy testing refers to the process of evaluating an individual’s immune response to specific allergens, substances that can trigger an allergic reaction. For instance, in May 2023, Metropolis Healthcare, an India-based medical laboratory company launched an innovative testing platform for allergy diagnosis. The 4th generation allergy testing technology, based on Component Resolved Diagnostics (CRD) and powered by artificial intelligence, assists clinicians in making informed decisions and offers insights into personalized treatment courses for allergic diseases. The test, utilizing a Nanotechnology-based Multiplex system, detects specific IgE antibodies against 295 different allergens through a simple blood test, providing results for 158 food allergens, 127 respiratory allergens, and 10 contact allergens. This advanced diagnostic tool enables precise identification of allergens and enhances the characterization of molecules triggering allergic reactions, contributing to improved allergy-related diagnostic services.
The house dust mite allergy market report table of contents includes:
1. Executive Summary
2. House Dust Mite Allergy Market Characteristics
3. House Dust Mite Allergy Market Trends And Strategies
4. House Dust Mite Allergy Market – Macro Economic Scenario
5. Global House Dust Mite Allergy Market Size and Growth
….
31. Global House Dust Mite Allergy Market Competitive Benchmarking
32. Global House Dust Mite Allergy Market Competitive Dashboard
33. Key Mergers And Acquisitions In The House Dust Mite Allergy Market
34. House Dust Mite Allergy Market Future Outlook and Potential Analysis
35. Appendix
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