Food Allergy Treatment?
Food Allergy is defined as an allergic reaction to food. Although any food which can cause a bad reaction, there are eight most common foods in any case: eggs, milk, peanuts, tree nuts, fish, shellfish, wheat, and soybeans. Food allergy symptoms can range from mild discomfort to serious, life-threatening symptoms that require immediate medical attention. Symptoms may include skin (itching, redness), stomach disease (pain, vomiting, diarrhoea, itching and swelling in the mouth), respiratory disease (itching and swelling of the nose and throat, cough, asthma), eyes (itching and swelling).) and/or heart disease (e.g., chest pain, irregular heartbeat).
Drivers -
High frequency in children
The increasing incidence of food allergies among children is estimated to be driving the growth of the market. Children, especially toddlers and infants, are more likely to develop food allergies. Children's digestive systems grow as they age and their bodies absorb allergens or ingredients more easily. Milk, soy, wheat and egg allergies are often transmitted by teenagers. Allergies, especially to nuts and shellfish, are likely to last a lifetime. According to a 2017 study by the American College of Allergy, Asthma, and Immunology (ACAAI), peanut allergy among children increased by 21 percent compared to 2010. According to research, about 2.5 percent of children in the US are allergic to peanuts.
Increasing Incidence of Asthma
Increasing Incidence of Asthma is expected to drive market growth in the forecast period. Asthma and food allergies often go hand in hand. When this happens, food allergies and asthma symptoms can worsen.
Increased Investment in Health Infrastructure
Another important factor influencing the growth of the food industry is increased healthcare spending, which helps improve its infrastructure. Additionally, many government agencies aim to improve healthcare infrastructure by increasing financing, which will further impact the dynamic economy.
Increasing Aging Population
Increasing aging population is expected to accelerate job growth in the forecast period. According to the World Health Organization (WHO), the world's elderly population was estimated at more than 524 million in 2010 and is expected to reach nearly 2 billion by 2050.
Restrains –
On the other hand, the high cost of treatment will hinder the growth of the market. The lack of professionals in the construction industry and the lack of healthcare will make it difficult for the food business. Moreover, strict regulations and lack of awareness among people will limit and further affect market growth in the forecast period 2022-2029.This food allergy report provides detailed information on the latest developments, industry regulations, import and export analysis, production analysis, creating good results, joint ventures, impact of local and local entrepreneurs, income analysis, changes in the business world. regulations, market growth analysis, market size, market growth category, application area and management, product advice, product promotion, expansion space, market innovation. Contact Data Bridge Research to learn more about the Food Allergy Marketplace and our team will help you to make an informed decision to grow your business.
News –
In August 2022, Glenmark Pharmaceuticals said Friday that its agency had received approval from US health regulators to market Ryaltris, a nasal spray used to treat seasonal rhinitis. Glenmark Pharmaceuticals said in a statement that Glenmark Specialty SA, the company's wholly owned subsidiary, has received approval from the USFDA for a single-dose, drug and nasal spray combined New Drug Application (NDA) for Ryaltris.
In March 2022, Perrigo Company plc announced that Nasonex 24HR Allergy (50 mg) has received final US FDA approval for market use.
In September 2021, Dr. Batra’s Healthcare launched a new homeopathy treatment for skin, food, and respiratory allergies.
Conclusion –
The food allergy treatment market is driven by several factors, including the increase in the incidence of food allergies among children, increasing incidence of Asthma, and increased healthcare spending. These end users are fuelling the growth of the medical prosthetics market.
Author's Detail:
Surabhi Bhaiyya /
LinkedIn
Senior Research Analyst at Cognitive Market Research
Surabhi Bhaiyya is an experienced market researcher focused on the Pharma & Healthcare industry. With over 7+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
