The South African Allergy Care market is predicted to avoid the sniffles, and perhaps a sneeze or two, with significant market growth predicted in the coming years, driven by innovation and technological developments that are set to revolutionise the market.
Insight Survey’s latest SA Allergy Care Industry Landscape Report 2020 examines the global and local Allergy Care market, based on the latest information and research. It examines global and local market trends as well as the market drivers and challenges, to present an objective insight into the current market dynamics, and future of the South African Allergy Care industry.
Globally, the Allergy Diagnostics and Therapeutics market (which includes allergy care/treatments, diagnostics, and immunotherapy) was valued at approximately US$37.5 billion in 2019. As illustrated in the graph below, the market is forecast to grow at a compound annual growth rate (CAGR) of 6.2%, to reach an estimated US$57.3 billion by 2026.
Source: Globe Newswire Allergy Diagnostics and Therapeutics Market Report Graphics by Insight Survey
In South Africa, the Allergy Care market increased by a CAGR of 7.5%, at constant prices, between 2014 and 2019 and is forecast to increase at a CAGR of 6.1% until 2024.
When considering the local and global Allergy Care markets, increasing rates of pollution, as well as the related problem of climate change, are both having a significant impact on the incidence and severity of allergies amongst consumers. This is resulting in increased demand for Allergy Care products, as more consumers seek symptomatic allergy relief, particularly due to extended pollen seasons locally and globally.
Several innovations and technology have emerged within the global Allergy Care market to make Allergy Care more convenient, affordable, safe and accessible. Mobile applications, like Web MD, is a top-rated application which incorporates information regarding a variety of allergies such as pollen, food allergies, skin allergies, insect allergies, and medicine allergies.
The use of AI and machine learning is also expected to assist allergic asthma care, on both investigative and clinical levels, with the potential to predict asthma exacerbations before they occur.
Within the South African context particularly, the introduction of several innovations and technologies is reducing the impact of challenges being experienced, such as regulatory hurdles and lowered consumer spending power.
One of these is the ZiBi Pen, by Impulse Biomedical, which is an affordable and effective adrenaline autoinjector that can be used multiple times. Currently, in its second phase of development, the South African product is expected to offer an alternative to consumers with severe allergic reactions that cause anaphylactic shock, at a fraction of the price of EpiPen.
Similarly to global trends, there are a plethora of local online applications and tests for allergy sufferers, such as AllergyCheck and Allergy Test. Furthermore, Nexa Allershield Junior, released by Pharma Dynamics, represents the first local non-drowsy treatment for allergic rhinitis in children. Having no side-effects, the product extends the accessibility of anti-allergy medication to children over 18 years old in a convenient powdered nose spray format.
In addition, ‘The Real Pollen Count’ campaign has been launched, in order to raise awareness regarding the effects of pollen on allergies. As part of the project, monitoring systems (or spore traps) are placed on rooftops, with pollen levels being recorded on a weekly basis. The data collated and reported provides consumers with a decision-making tool, based on the level of pollen that is present in their respective regions.
The South African Allergy Care Industry Landscape Report 2020 (92 pages) provides a dynamic synthesis of industry research, examining the Allergy Care industry from a uniquely holistic perspective, with detailed insights into the entire value chain – from key global and South African market trends, innovation and technology, drivers, and challenges as well as manufacturer, distributor, retailer, and pricing analysis.
Some key questions the report will help you to answer:
- What are the latest global and South African Allergy Care industry trends, drivers and challenges?
- What is the latest innovation and technology in the global and South African Allergy Care industry?
- What are the current market dynamics of the South African Allergy Care industry (market size, market value, market volumes): 2014-2019 Actual, 2020-2024 Forecasts?
- Who are the key manufacturers, distributors and retail players in the South African Allergy Care industry?
- What are the prices of popular Allergy Care brands across South African pharmacies?
Please note that the 92-page report is available for purchase for R27,500 (excluding VAT). Alternatively, individual sections can be purchased for R12,500 (excluding VAT). For additional information simply contact us at info@insightsurvey.co.za or directly on (010) 140-5756 or (021) 045-0202.
For a full brochure please go to: South African Allergy Care Industry Landscape Report 2020
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