Cat Allergy in Humans Market Gains Profitable Avenues with

Wilmington, Delaware, United States, June 07, 2022 (GLOBE NEWSWIRE) – The global cat allergy in humans market is estimated to register growth at a CAGR of 6.3% during the forecast period from 2022 to 2031, as per an assessment by Transparency Market Research (TMR). Moreover, the market share for cat allergy in humans is projected to exceed US $ 7.8 Bn by 2031.

According to an article by Allergy UK, children from families with a record of allergies are more prone to allergies in comparison with other children. Over the past few years, there has been a surge in the prevalence of allergies among families and children owing to their genetic links called ‘being atopic’. According to scientists, around 50% of the child population from atopic families is likely to suffer from allergies. On the other hand, in kids from non-atopic families, this allergy rate is 1 in 5.

Some of the additional factors intensifying the prevalence and severity of allergies include changing climate with rising levels of CO2, pollution, & particulate matter (PM) together with lifestyle changes of people from across the globe. As per the 2020 statistics by the World Allergy Organization (WAO), allergic rhinitis was one of the most predominant allergies globally that impacted the heath of around 400 million people, states a TMR study on the cat allergy in humans market.

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Cat Allergy in Humans Market: Key Findings

  • With a surge in the trend of adopting cats as pets, there has been an increase in the incidences of allergic responses among the pet owners. According to the statistics gained through skin prick tests, approximately 8% and 17% of the population from the EU and the US, respectively, show allergic reactions to cats. This factor is resulting in revenue-generation opportunities in the global market for cat allergy in humans, note analysts at TMR.
  • Key players in the cat allergy in humans market are focusing on different strategies in order to stay ahead of the competition. Moreover, several enterprises are increasing efforts to gain FDA approvals for new products. Such efforts are anticipated to play a key role in the future market outlook for cat allergy in humans during the forecast period.

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Cat Allergy in Humans Market: Growth Boosters

  • Surge in the adoption of cats as pets is resulting in increase in demand for cat allergy in humans market
  • Rise in understating among people on pet allergy is driving the sales growth in the cat allergy in humans market

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Cat Allergy in Humans Market: Regional Analysis

  • The cat allergy in humans market in North America is prognosticated to maintain its dominance and register growth at a CAGR of 6.1% during the forecast period owing to a surge in the pet cat population and rise in cases of cat allergy in humans in the region
  • The Asia Pacific cat allergy in humans market is expected to show sizable growth opportunities in the forthcoming years owing to the presence of sturdy healthcare infrastructure and increase in understanding pertaining to progressive immunotherapy including allergen immunotherapy in the allergy treatment

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Cat Allergy in Humans Market: Key Players

Some of the key players profiled in the report are:

  • Covis Pharma BV
  • Bayer AG
  • GlaxoSmithKline plc
  • HollisterStier Allergy (Jubilant Pharma, Cipla Limited
  • Regeneron Pharmaceuticals, Inc.
  • Merck & Co. Inc
  • Sanofi, Stallergenes Greer.
  • Saiba Animal Health AG

Cat Allergy in Humans Market Segmentation

Treatment

  • Antihistamines
  • Corticosteroid Nasal Sprays
  • Decongestants
  • Leukotriene Inhibitors
  • Others

Application

  • Allergy Treatment
  • Allergy Prevention

Distribution Channel

  • Hospital Pharmacies
  • Retail pharmacies
  • Online Pharmacies

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

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Allergy Treatment Market: A number of indications are used as first line and adjunctive treatments are the use of antihistamines, albuterol, and steroids. Extensive R&D in injectable epinephrine has enriched the treatment of anaphylaxis, thereby boosting the allergy treatment market.

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Animal Healthcare Market: Increase in animal population, high prevalence of diseases, and surge in global consumption of meat and milk are projected to drive the global animal healthcare market during the forecast period.

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