Anaphylaxis Treatment Market is a medical situation in which severe allergic condition takes place which may leads to death of the patient. Itchy rash, throat swelling, shortness of breath, vomiting and low blood pressure are some of symptoms of anaphylaxis. Furthermore, it may lead to cardiovascular, respiratory, gastrointestinal and cutaneous manifestation which results in death of patients. Insect bites, unwanted food consumption and medication are common causes of anaphylactic reactions. It is generally diagnosed by the symptoms of the patients. Primary treatment of anaphylactic reactions is comprised of injection of epinephrine into the muscles then placing person with elevated feet to restore the normal blood flow. 

Market Dynamics - Anaphylaxis Treatment Market

The anaphylaxis treatment market is anticipated to grow at CAGR of 8.27% during the forecast period of 2022-2028. The rising incidences of anaphylaxis across the globe is propelling growth of anaphylaxis treatment market. The growing innovative and novel product launches by major companies is also refuelling growth of anaphylaxis treatment market. The government initiatives for cost reduction and rising number of product approvals is also driving growth of anaphylaxis treatment market. However, lack of awareness in developing regions and side effects due to elevated use of steroids and epinephrine is restraining growth of anaphylaxis treatment market.

COVID-19 Impact on Anaphylaxis Treatment Market

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the anaphylaxis treatment market. In addition, complete analysis of changes on anaphylaxis treatment expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The pharmaceutical and biotechnology companies with collaboration of government across the globe are working for addressing the outbreak of COVID-19 from supporting development of vaccines to medicine supply chain challenges. Furthermore, generally used drugs such hydroxychloroquine have witnessed the tremendous rise in demand for the management of COVID-19. Owing to that the pharmaceutical and biotechnology companies have witnessed tremendous growth during the COVID-19 pandemic and it also impacting the anaphylaxis treatment market. 

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Anaphylaxis Treatment Market Segmental Overview

The anaphylaxis treatment market is segmented by allergy type, medication type, route of administration, distribution channel and geography. 

Anaphylaxis Treatment Market by Allergy Type

The various allergy types such as food allergy, medication, insect stings, latex allergy and other such as mold, pet and pollen are comprised in the anaphylaxis treatment market. In which food allergy is likely to dominate the market in 2020. The food allergy is caused when immune system handling harmless protein in various foods as a threat and it releases various chemicals which triggers the different types of allergic reactions. Certain foods like peanuts, tree nuts, wheat, soy, fish, shellfish, eggs and milk may cause the food allergies. 

Anaphylaxis Treatment Market by Medication Type

The anaphylaxis treatment market is comprised of various medication type such as epinephrine, antihistamine, steroids, beta-agonist and others such as decongestant and leukotriene modifiers. In which epinephrine is estimated to dominate the market in 2020. The growing cases of food and other allergies owing to immunomodulation in many patients is propelling growth of anaphylaxis treatment market. The growing focus on early diseases treatment is also boosting growth of anaphylaxis treatment market.

Anaphylaxis Treatment Market by Routes of Administrations

 The various routes of administration such as oral, parenteral and other are comprised in the anaphylaxis treatment market. In which parenteral segment is expected to dominate the market in 2020. The epinephrine is medication of choice for the first aid treatment of anaphylaxis. By vasoconstriction effect, it prevents or decreases upper airway mucosal edema, hypotension and shock. Furthermore, it have significant bronchodilator effects and cardiac inotropic and chronotropic effects

Anaphylaxis Treatment Market by Distribution Channel

The various distribution channel comprised in the anaphylaxis treatment market are hospital pharmacies, retail sales, drug store, mail order pharmacies and others. The hospital pharmacies is estimated to dominate the market in 2020. The rising patient footfall is propelling growth of anaphylaxis treatment market. The growing prevalence of allergic reactions is also driving growth of anaphylaxis treatment market. 

Anaphylaxis Treatment Market Key Players

The key competitors of this market include Amneal Pharmaceuticals Inc. (U.S.), Bioprojet (France), Mylan N.V. (U.S.), Adamis Pharmaceutical Corporation (San Diego), Abbott (U.S.), Pfizer Inc. (U.S.), Glaxosmithkline Plc., (U.K.), Merck And Co., Inc. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel) and ALK-ABELLó (Denmark) among others

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