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 observed during the historical period can be attributed to several factors, including heightened awareness and education, advancements in diagnostic tools, ongoing research and clinical studies, the development of healthcare infrastructure, and adherence to 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 anticipated growth in the forecast period can be ascribed to factors such as regulatory support and allergen labeling, the increasing prevalence of allergies, the rise of telemedicine and remote care, a growing emphasis on precision medicine, and the expansion of allergen-avoidance products. Prominent trends expected in the forecast period include public health awareness campaigns, the integration of digital health solutions, a heightened focus on indoor environmental quality, the growth of immunotherapy solutions, and advancements in allergen avoidance products.
The growth of the house dust mite allergy market is anticipated to be driven by the increasing prevalence of asthma diseases. Asthma, a condition causing airways to constrict and result in breathing difficulties, is exacerbated by exposure to surrounding dust, making individuals more prone to allergies. This heightened susceptibility increases the demand for treatments addressing house dust mite allergies. Notably, a report by the London School of Hygiene and Tropical Medicine in October 2021 indicated a more than 2% increase in asthma prevalence in Africa and a 1% increase every decade in Europe. Additionally, between 2021 and 2022, hospital admissions for children with asthma surged by 149 percent in England and Wales, as reported by Asthma + Lung UK. Hence, the escalating prevalence of asthma diseases is a key driver for the house dust mite allergy market.
The growth of the house dust mite allergy market is further expected to be propelled by the increasing healthcare expenditure. The rise in healthcare expenditure contributes to enhanced access to healthcare services, advancements in diagnostic technologies, funding for research and development, support for targeted therapy development, expanded availability of allergy management products, improved health insurance coverage, and government initiatives addressing allergy challenges. For instance, in September 2021, the Centers for Medicare & Medicaid Services reported a 7.8% increase in prescription drug expenditure to reach $378.0 billion. Similarly, spending on Medicare rose by 8.4%, reaching $900.8 billion in 2021, constituting 21% of the total National Health Expenditures (NHE). Medicaid spending increased by 9.2%, reaching $734.0 billion, accounting for 17% of the total NHE. Therefore, the growing healthcare expenditure is a significant driver for the house dust mite allergy market.
The growth of the house dust mite allergy market is expected to be fueled by the increase in urbanization. Urbanization, marked by the expansion of cities and migration from rural to urban areas, creates conditions favorable for the proliferation of microscopic allergens such as dust mites. The trend of escalating urbanization, coupled with growing awareness of indoor allergens and their health impact, is projected to drive demand for diagnostic tools, treatments, and preventive measures related to house dust mite allergies. For instance, as of April 2022, more than 4.3 billion people, constituting 55% of the world’s population, lived in urban settings, and this number is expected to rise to 80% by 2050, as reported by the World Economic Forum. Thus, increasing urbanization is a key factor contributing to the growth of the house dust mite allergy market.
Major companies are focused on developing innovative anti-allergy drugs to strengthen their market position. These drugs aim to alleviate or prevent allergy symptoms. For instance, Bausch + Lomb launched Alaway Preservative Free antihistamine eye drops in February 2021. This FDA-approved over-the-counter (OTC) preservative-free antihistamine eye itch relief drop addresses itchy eyes, a common symptom for the estimated 80% of allergy sufferers. The product provides fast and lasting relief without preservatives, utilizing a prescription-strength formula to block histamine release and reduce allergic inflammation. This innovation aims to effectively address eye itch symptoms for allergy sufferers.
Major companies in the house dust mite allergy market are leveraging AI-powered allergy testing to gain a competitive edge. Allergy testing evaluates an individual's immune response to specific allergens. Metropolis Healthcare, in May 2023, launched a 4th generation allergy testing technology based on Component Resolved Diagnostics (CRD) and powered by artificial intelligence. This innovative testing platform assists clinicians in making informed decisions and offers insights into personalized treatment courses for allergic diseases. The technology, utilizing a Nanotechnology-based Multiplex system, enables the detection of specific IgE antibodies against 295 different allergens through a simple blood test, enhancing the precision of allergy-related diagnostic services.
Major companies operating in the house dust mite allergy market report are Allergy Therapeutics Plc, Bayer AG, Catalent Inc., GSK Plc, Merz Pharma GmbH & Co KGaA, Sanofi S A, Shionogi & Co. Ltd., Stallergenes Greer International AG, Merck & Co. Inc., Torii Pharmaceutical Co. Ltd., Ergomed PLC, DMS Group, HAL Allergy Group, Trio Lifescience Private Limited, Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, Genentech Inc., Anergis Sa, Biomay Ag, Zhejiang I-biological Technology Co. Ltd., Johnson and Johnson Inc., Boehringer Ingelheim International GmbH, Circassia Pharmaceuticals Plc, Seqirus UK Limited, GlaxoSmithKline, Novartis AG, AstraZeneca, Bristol-Myers Squibb Company, Mylan N.V., Pfizer Inc., Regeneron Pharmaceuticals Inc., Roche Holding AG.
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. The countries covered in the house dust mite allergy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary product types for managing house dust mite allergy include tablets, nasal drops, and injectables. Tablets represent a compact, solid-dose form that may contain medications with or without excipients. Treatment modalities encompass medication, immunotherapy, nasal irrigation, and other approaches. Diagnosis involves methods such as the skin prick test (SPT) and specific immunoglobulin E (IgE) blood test, among others, utilizing various dosage forms such as solid and liquid. These products find application across diverse end-users, including hospitals, homecare settings, specialty clinics, and others.
The house dust mite allergy market research report is one of a series of new reports that provides house dust mite allergy market statistics, including house dust mite allergy industry global market size, regional shares, competitors with a house dust mite allergy market share, detailed house dust mite allergy market segments, market trends and opportunities and any further data you may need to thrive in the house dust mite allergy industry. This house dust mite allergy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 anticipated growth in the forecast period can be ascribed to factors such as regulatory support and allergen labeling, the increasing prevalence of allergies, the rise of telemedicine and remote care, a growing emphasis on precision medicine, and the expansion of allergen-avoidance products. Prominent trends expected in the forecast period include public health awareness campaigns, the integration of digital health solutions, a heightened focus on indoor environmental quality, the growth of immunotherapy solutions, and advancements in allergen avoidance products.
The growth of the house dust mite allergy market is anticipated to be driven by the increasing prevalence of asthma diseases. Asthma, a condition causing airways to constrict and result in breathing difficulties, is exacerbated by exposure to surrounding dust, making individuals more prone to allergies. This heightened susceptibility increases the demand for treatments addressing house dust mite allergies. Notably, a report by the London School of Hygiene and Tropical Medicine in October 2021 indicated a more than 2% increase in asthma prevalence in Africa and a 1% increase every decade in Europe. Additionally, between 2021 and 2022, hospital admissions for children with asthma surged by 149 percent in England and Wales, as reported by Asthma + Lung UK. Hence, the escalating prevalence of asthma diseases is a key driver for the house dust mite allergy market.
The growth of the house dust mite allergy market is further expected to be propelled by the increasing healthcare expenditure. The rise in healthcare expenditure contributes to enhanced access to healthcare services, advancements in diagnostic technologies, funding for research and development, support for targeted therapy development, expanded availability of allergy management products, improved health insurance coverage, and government initiatives addressing allergy challenges. For instance, in September 2021, the Centers for Medicare & Medicaid Services reported a 7.8% increase in prescription drug expenditure to reach $378.0 billion. Similarly, spending on Medicare rose by 8.4%, reaching $900.8 billion in 2021, constituting 21% of the total National Health Expenditures (NHE). Medicaid spending increased by 9.2%, reaching $734.0 billion, accounting for 17% of the total NHE. Therefore, the growing healthcare expenditure is a significant driver for the house dust mite allergy market.
The growth of the house dust mite allergy market is expected to be fueled by the increase in urbanization. Urbanization, marked by the expansion of cities and migration from rural to urban areas, creates conditions favorable for the proliferation of microscopic allergens such as dust mites. The trend of escalating urbanization, coupled with growing awareness of indoor allergens and their health impact, is projected to drive demand for diagnostic tools, treatments, and preventive measures related to house dust mite allergies. For instance, as of April 2022, more than 4.3 billion people, constituting 55% of the world’s population, lived in urban settings, and this number is expected to rise to 80% by 2050, as reported by the World Economic Forum. Thus, increasing urbanization is a key factor contributing to the growth of the house dust mite allergy market.
Major companies are focused on developing innovative anti-allergy drugs to strengthen their market position. These drugs aim to alleviate or prevent allergy symptoms. For instance, Bausch + Lomb launched Alaway Preservative Free antihistamine eye drops in February 2021. This FDA-approved over-the-counter (OTC) preservative-free antihistamine eye itch relief drop addresses itchy eyes, a common symptom for the estimated 80% of allergy sufferers. The product provides fast and lasting relief without preservatives, utilizing a prescription-strength formula to block histamine release and reduce allergic inflammation. This innovation aims to effectively address eye itch symptoms for allergy sufferers.
Major companies in the house dust mite allergy market are leveraging AI-powered allergy testing to gain a competitive edge. Allergy testing evaluates an individual's immune response to specific allergens. Metropolis Healthcare, in May 2023, launched a 4th generation allergy testing technology based on Component Resolved Diagnostics (CRD) and powered by artificial intelligence. This innovative testing platform assists clinicians in making informed decisions and offers insights into personalized treatment courses for allergic diseases. The technology, utilizing a Nanotechnology-based Multiplex system, enables the detection of specific IgE antibodies against 295 different allergens through a simple blood test, enhancing the precision of allergy-related diagnostic services.
Major companies operating in the house dust mite allergy market report are Allergy Therapeutics Plc, Bayer AG, Catalent Inc., GSK Plc, Merz Pharma GmbH & Co KGaA, Sanofi S A, Shionogi & Co. Ltd., Stallergenes Greer International AG, Merck & Co. Inc., Torii Pharmaceutical Co. Ltd., Ergomed PLC, DMS Group, HAL Allergy Group, Trio Lifescience Private Limited, Teva Pharmaceutical Industries Ltd., Eli Lilly and Company, Genentech Inc., Anergis Sa, Biomay Ag, Zhejiang I-biological Technology Co. Ltd., Johnson and Johnson Inc., Boehringer Ingelheim International GmbH, Circassia Pharmaceuticals Plc, Seqirus UK Limited, GlaxoSmithKline, Novartis AG, AstraZeneca, Bristol-Myers Squibb Company, Mylan N.V., Pfizer Inc., Regeneron Pharmaceuticals Inc., Roche Holding AG.
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. The countries covered in the house dust mite allergy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary product types for managing house dust mite allergy include tablets, nasal drops, and injectables. Tablets represent a compact, solid-dose form that may contain medications with or without excipients. Treatment modalities encompass medication, immunotherapy, nasal irrigation, and other approaches. Diagnosis involves methods such as the skin prick test (SPT) and specific immunoglobulin E (IgE) blood test, among others, utilizing various dosage forms such as solid and liquid. These products find application across diverse end-users, including hospitals, homecare settings, specialty clinics, and others.
The house dust mite allergy market research report is one of a series of new reports that provides house dust mite allergy market statistics, including house dust mite allergy industry global market size, regional shares, competitors with a house dust mite allergy market share, detailed house dust mite allergy market segments, market trends and opportunities and any further data you may need to thrive in the house dust mite allergy industry. This house dust mite allergy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. House Dust Mite Allergy Market Characteristics3. House Dust Mite Allergy Market Trends and Strategies31. Global House Dust Mite Allergy Market Competitive Benchmarking32. Global House Dust Mite Allergy Market Competitive Dashboard33. Key Mergers and Acquisitions in the House Dust Mite Allergy Market
4. House Dust Mite Allergy Market - Macro Economic Scenario
5. Global House Dust Mite Allergy Market Size and Growth
6. House Dust Mite Allergy Market Segmentation
7. House Dust Mite Allergy Market Regional and Country Analysis
8. Asia-Pacific House Dust Mite Allergy Market
9. China House Dust Mite Allergy Market
10. India House Dust Mite Allergy Market
11. Japan House Dust Mite Allergy Market
12. Australia House Dust Mite Allergy Market
13. Indonesia House Dust Mite Allergy Market
14. South Korea House Dust Mite Allergy Market
15. Western Europe House Dust Mite Allergy Market
16. UK House Dust Mite Allergy Market
17. Germany House Dust Mite Allergy Market
18. France House Dust Mite Allergy Market
19. Italy House Dust Mite Allergy Market
20. Spain House Dust Mite Allergy Market
21. Eastern Europe House Dust Mite Allergy Market
22. Russia House Dust Mite Allergy Market
23. North America House Dust Mite Allergy Market
24. USA House Dust Mite Allergy Market
25. Canada House Dust Mite Allergy Market
26. South America House Dust Mite Allergy Market
27. Brazil House Dust Mite Allergy Market
28. Middle East House Dust Mite Allergy Market
29. Africa House Dust Mite Allergy Market
30. House Dust Mite Allergy Market Competitive Landscape and Company Profiles
34. House Dust Mite Allergy Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
House Dust Mite Allergy Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on house dust mite allergy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for house dust mite allergy? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered: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
Companies Mentioned: Allergy Therapeutics Plc; Bayer AG; Catalent Inc.; GSK Plc; Merz Pharma GmbH & Co KGaA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Allergy Therapeutics Plc
- Bayer AG
- Catalent Inc.
- GSK Plc
- Merz Pharma GmbH & Co KGaA
- Sanofi S A
- Shionogi & Co. Ltd.
- Stallergenes Greer International AG
- Merck & Co. Inc.
- Torii Pharmaceutical Co. Ltd.
- Ergomed PLC
- DMS Group
- HAL Allergy Group
- Trio Lifescience Private Limited
- Teva Pharmaceutical Industries Ltd.
- Eli Lilly and Company
- Genentech Inc.
- Anergis Sa
- Biomay Ag
- Zhejiang I-biological Technology Co. Ltd.
- Johnson and Johnson Inc.
- Boehringer Ingelheim International GmbH
- Circassia Pharmaceuticals Plc
- Seqirus UK Limited
- GlaxoSmithKline
- Novartis AG
- AstraZeneca
- Bristol-Myers Squibb Company
- Mylan N.V.
- Pfizer Inc.
- Regeneron Pharmaceuticals Inc.
- Roche Holding AG