Allergy Care Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

San Jose, CA -- (SBWire) -- 03/15/2019 --Worldwide prevalence of allergic ailments continues to rise, with growing sensitization rates to common allergens, particularly among children. In the U.S. alone, allergies are sixth-leading cause of chronic diseases, with an annual allergy healthcare cost of over US$ 18 billion, according to the Centers for Disease Control and Prevention (CDC). A recent study of Fact.MR foresees allergy care market to continue on its steady trajectory, to exceed revenues worth US$ 5,500 Mn in 2018.

The allergy care market is expected to remain consolidated among Tier 1 players, who currently account for approximately 75% share. While these players are focusing on expansion in manufacturing facilities and strategic alliances with regional distributors, small and mid-sized players are eyeing partnerships with local players and strengthening their regional presence.

XploreMR's study also offers an accurate forecast of the allergy care market for the period between 2018 and 2027. The study foresees the allergy care market to record an average CAGR of over 4% through 2027.

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Convenience Stimulates Sale of Over-the-Counter Medications; Reliability Remains Highly Valued Among Consumers

Accessibility and affordability are two of the predominant factors retaining the unwavering demand for over-the-counter (OTC) medications for multiple purposes, with allergy care being no exception. As per a revelation by the Consumer Healthcare Products Association (CHPA), there has been a proactive shift toward OTC, with users scaled up to 75 percent in 2015, up from 66 percent in 2009. This provides enough credence to the fact that the demand for OTC medications is not foreseen to come down sooner.

Familiarity with the known is predominantly pushing the demand for branded OTC medications. The continued clamor for branded OTC medications for allergy care illustrates that though consumers are open to store-branded alternatives, they still remain highly inclined toward known brands in terms of reliability.

Report Structure

An executive summary at the beginning of the report provides a snapshot of the global Allergy Care market forecast, including the region-wise outlook coupled with relevant market numbers. The executive summary also offers a forecast on other Allergy Care market segments such as products, sales channel, and buyer-type, in terms of market share, revenues, and CAGRs. A chapter on overview, which trails the executive summary, provides a concise market introduction which includes a market taxonomy table and a formal definition of "Allergy Care". The overview chapter elucidates key nodes of the global Allergy Care market such as supply chain, cost structure, service provider lists, raw material sourcing strategies, and pricing analysis. This chapter also issues a succinct study on the overall market approach of key players partaking in the global Allergy Care market, displaying their presence on an intensity map.

Market Taxonomy

The report also delivers assessment on the global market for Allergy Care through a segmentation analysis in its following chapters. The market has been branched on the basis of types of Allergy Care, their buyers, sales channels, and region. These market segments have been scrutinized and analyzed based on a comparative study that involves revenues, market share, and Y-o-Y growth through the forecast period. Geographically, the global market for Allergy Care has been segmented into North America, Europe, Asia-Pacific excluding Japan, Latin America, Japan, and Middle East & Africa.

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Competition Tracking

Bayer AG, a key player in the allergy care market, completed acquisition of consumer care business of the U.S. pharmaceuticals group Merck & Co., Inc., Whitehouse Station, New Jersey in 2014. This acquisition represents a milestone for Bayer for prosperous diversification of its product portfolio.

Region- wise Analysis Allergy Care Market covers:
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)

The Research Report Covers In- Depth Analysis As Follows:
Chapter 1 Global Economic Outlook
Chapter 2 Global Allergy Care Market - Executive Summary
Chapter 3 Global Allergy Care Market Overview
Chapter 4 Global Allergy Care Market Analysis and Forecast 2018-2027
Chapter 5 North America Allergy Care Market Size and Forecast, 2018-2027
Chapter 6 Latin America Allergy Care Market Size and Forecast, 2018-2027
Chapter 7 Europe Allergy Care Market Size and Forecast, 2018-2027
Chapter 8 Japan Allergy Care Market Size and Forecast, 2018-2027
Chapter 9 APEJ Allergy Care Market Size and Forecast, 2018-2027
Chapter 10 MEA Allergy Care Market Size and Forecast, 2018-2027
Chapter 11 Global Allergy Care Market Company Share, Competition Landscape and Company Profiles
Chapter 12 Research Methodology

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