Panama Specific Pollen Allergies Market – Industry Trends and Forecast to 2029

Panama Specific Pollen Allergies Market Analysis and Insights

Panama specific pollen allergies market is driven by the factors such as high prevalence of pollen allergic response, increasing approval of new drug products in Panama with different advance therapies combating allergies among others are driving the market growth. Pollen aeroallergens can act as opportunity for the market and propel the market. The Impact on paediatric population depends on environmental conditions, changes in the use of soil, different pollen seasons, and annual data for allergists in terms of planning the treatment. Currently, rising healthcare expenditure and growth of pharmaceutical market is also expected to propel the growth of the market. The prevalence of allergic diseases is increasing, which requires an integrated method for diagnosis, treatment and greater awareness among patients. A vast population is suffering from allergic diseases that have generated a significant burden. Rising cases of allergies are expected to increase the demand for treatment, leading to the high growth of the market over the forecast period.

 Panama specific pollen allergies market is expected to grow in the forecast period due to the rise in market players and the presence of novel drugs. Along with this, manufacturers are engaged in R&D activity for launching novel products in the market. The increase in the number of research and development programs, and the rise in public-private partnerships for facilitating novel developments for innovative and effective treatment further influence the market. However, adverse reaction of drugs used in the market and misuse of steroidal drugs are expected to restrain the market growth in the forecast period. However, the high cost of treatment restricts patients to accommodate high-quality and effective solutions. Henceforth, the high cost of treatment procedures negatively impact the cost of overall treatment. Moreover, the drugs which are currently

Panama specific pollen allergies market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal. The scalability and business expansion of the retail units in the developing countries of various regions and partnership with suppliers for safe distribution of machine and drugs products are the major drivers which propelled the demand of the market in the forecast period.

Panama specific pollen allergies market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyzes that Panama specific pollen allergies market will grow at a CAGR of 6.8% during the forecast period of 2022 to 2029.

Market Definition

Allergic diseases are the immunological response of the body to a particulate matter when it invades the body. These include hay fever, food allergies, atopic dermatitis, allergic asthma, and anaphylaxis. Symptoms may include red eyes, an itchy rash, sneezing, a runny nose, shortness of breath, or swelling. These pollens are easily found in the atmosphere in the spring season as well as grass pollens in the summer. Most of the pollen that causes allergic reactions comes from trees, grasses, and weeds. These plants make small, light, and dry pollen grains that travel by air. These are easily found everywhere. Since, it is difficult to completely avoid allergens and therefore, it is crucial to accurately identify the causative antigen for rapid diagnosis and prompt initiation of treatment of allergen immunotherapy. Pollen counts are generally taken with an air-sampling device.

The prevalence of allergic diseases is increasing, which requires an integrated method for diagnosis, treatment and greater awareness among patients. A vast population is suffering from allergic diseases that have generated a significant burden. Rising cases of allergies are expected to increase the demand for treatment, leading to the high growth of the market over the forecast period.

Panama Specific Pollen Allergies Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of these are discussed in detail below:

Drivers

• Increasing prevalence of allergic disorder

The hypersensitive response of the immune system of an allergic individual to a substance is known as allergic reaction. When an allergen enters the body, it causes the body's immune system to develop an allergic reaction. This reaction can occur when the immune system attacks a normally harmless substance. This can happen in any age, but more frequent in younger age due to the proper functioning of immune response.

Different individuals can be allergic to various allergens, such as pollens allergies among others, which are some of the common allergic reactions. The prevalence of allergic diseases is increasing, which requires an integrated method for diagnosis, treatment and greater awareness among patients. A vast population is suffering from allergic diseases that have generated a significant burden. Rising cases of allergies are expected to increase the demand for treatment, leading to the high growth of the market over the forecast period.

The retrospective studies and recent data on the allergies shows that it is a common disorder in Latin and Central America. Therefore, the market has a great potential for pollen allergic drugs market, which is also going to increase the demand for the product in the forecast period. Thus, increasing prevalence of different kind of allergies is expected to act as driver for the market in the forecast period due to which there will be expected lucrative growth in the market.

• Impact of pollen allergies on pediatric population

Pollen grains are commonly present in the atmosphere that cause various allergic diseases in North America. Pollen aeroallergens can act as opportunity for the market and propel the market in Mexico. The Impact on paediatric population depends on environmental conditions, changes in the use of soil, different pollen seasons, and annual data for allergists in terms of planning the treatment. The increase in forecasted pollen season longer than usual. The growth of the pollen market can be attributed to the increase in the tree pollen season in the country that elicits allergic reactions such as hay fever and rhinitis in the population which is anticipated to drive the market. Pollen in the atmosphere of city and its impact on the health of the paediatric population.

Hence, prevalence of pollen-induced allergic disease has been increasing with severe symptoms that can be one of the most common health issues affecting adults. Children are the largest age group affected. The highest prevalence was found in Tlahuac country. Coexistence of allergic diseases was found in 19.9%.This is expected to be one of the factors that act as a driver for the Panama specific pollen allergies market growth in the forecast period.

Opportunity

•  Increase in the environmental pollution

Common air pollutants, such as ozone, sulphur dioxide, and nitrogen dioxide probably act more as irritants than as promoters of sensitization. These pollutants have been shown to be hazardous to adults and children with asthma. Recent studies suggest that prematurely born children are more sensitive to the respiratory effects of outdoor pollution.

Thus, pollution and allergies go hand-in-hand, worsening air and water pollution enables various heavy metals and non-metals an opportunity to come in close contact with skin and respiratory system thus causing allergies. This is increasing the demand for allergy medications.

The increasing air pollution along with water population is expected to increase the prevalence of respiratory and skin allergies, which is expected to increase the demand for the product used for allergy hence it is considered as opportunity for the market.

Restraint/Challenge

• Side effects associated with the use of drugs

Sometimes drugs have some kind of side effects or adverse effects among the population. The treatment of allergic response is a multi-drugs therapy, which has a greater chance of compatibility issue, which can cause the condition to get worse. Corticosteroids are known to lower the resistance to infection, which can make it harder to treat. It induced osteoporosis, steroids induced myopathy, and osteonecrosis are some of the disorders that are seen among those that use corticosteroids. Systemic administration of these drugs are known to increase the fasting blood glucose level, which make it vulnerable for the diabetic patients to use these therapies during allergic reaction, hence limiting the market growth.

Drowsiness, Headache, dry mouth, throat, and/or nose, stomach pain, nausea, mucus thickening, and increased appetite/weight gain are some of the side effects induced in the patient taking anti-histaminic. Among all, the drug induced diseases are mostly seen among those that use corticosteroids therapy for longer period of time. These side effects of the drug is expected to limit the use of drugs hence act as restraint for the growth of the Panama specific pollen allergies market in the forecast period.

Post COVID-19 Impact on pollen allergies market

The COVID-19 has positively affected in the growth of the market. As there is rise in the demand for products is wide in the region. People have become more health conscious as there is prevalence of various diseases in the region which is also rising. Complications of other allergies due to aggravation are often seen and have become a problem.Hence the COVID-19 has impacted positively on this market.

Recent Developments

• In July 2021, Prestige Consumer Healthcare announced that the company has completed the previously announced acquisition of TheraTears and other over-the-counter consumer brands. This is expected to increase the company’s manufacturing capacity in the U.S. and help in revenue generation.
• In September 2021, EUROIMMUN Medizinische Labordiagnostika AG and Immunodiagnostic Systems (IDS) partnership to cooperate in the fields of research and development, production as well as distribution, and this will help to grow the business and generate revenue.

Panama Specific Pollen Allergies Market Scope

Panama specific pollen allergies market is categorized into five notable segments which are based on drug type, diagnosis test, products, end users and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Drug Type

• Antihistamines
• Corticosteroids
• Decongestants
• Anticholinergics
• Others

Based on drug type, the market is segmented into antihistamines, corticosteroids, decongestants, anticholinergics and others.

Diagnostic Test

• In Vivo Test
• In Vitro Test

Based on diagnostic test, the market is segmented into in vivo test and in vitro test.

Product

• Instruments
• Reagents and Kits
• Others

Based on product, the market is segmented into in instruments, reagents and kits, and others

End User

• Hospitals
• Diagnostics Laboratories
• Academic and Research Institutes
• Others

Based on end user, the market is segmented into hospitals, diagnostics laboratories, academic and research institutes, and others.

Distribution Channel

• Direct Tender
• Retail Sales

Based on distribution channel, the market is segmented into hospital pharmacy, retail pharmacy, and others.

Panama Specific Pollen Allergies Market Regional Analysis/Insights

Panama specific pollen allergies market is analyzed and market size insights and trends are provided by drug type, diagnostic test, product, end user and distribution channel as referenced above.

The country covered in the Panama specific pollen allergies report is Panama.

Panama specific pollen allergies market is expected to grow due to the rise in incidence of prevalence of allergic diseases. It shows the increase in pollen season longer than usual. The growth of the pollen market can be attributed to the increase in the tree pollen season in the country that elicits allergic reactions such as hay fever and rhinitis in the population which is anticipated to drive the market .Moreover, rising healthcare expenditure and growth of pharmaceutical market is also expected to propel the growth of the market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, and impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Panama Specific Pollen Allergies Market Share Analysis

Panama specific pollen allergies market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the Panama specific pollen allergies market.

Some of the major players operating in the market are Siemens Healthcare GmbH, Sanofi, bioMérieux SA, GlaxoSmithKline plc., Minaris Medical America, Inc., Quest Diagnostics Incorporated, Circassia, Alcon Inc., Thermo Fisher Scientific Inc., Johnson & Johnson SA de CV, Lincoln Diagnostics, Inc., EUROIMMUN Medizinische Labordiagnostika AG, Bayer Pharmaceuticals, Prestige Consumer Healthcare Inc., CINFA LABORATORIES, Perrigo Company plc., among others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Panama vs country, and Vendor Share Analysis. Please request analyst call in case of further inquiry.

SKU-69114