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Medical

7MM peanut allergy market eyes 16% CAGR growth through 2034

Asia Business News
Last updated: July 17, 2025 3:45 am
By Asia Business News
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Thanks to the increased use of approved therapies.

According to a report by Delveinsight, the peanut allergy market in seven major markets (7mm) that are expected to expand at a CAGR of 16% in 2024.

The industry’s growth is attributed to increased use of approved therapies, expected entry of emerging therapies, and a slight increase in diagnosis.

“Palforzia orally administered Palforzia provides a convenient and accessible treatment regimen compared to traditional SC, intradermal and epidermal therapies,” the report said.

However, slow intake in Palfozia, inadequate diagnosis in mild patients and lack of recognized treatment options in adults may challenge market growth.

7mm = US, Germany, France, Italy, Spain, UK and Japan.

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Asia Business News (ISSN: 3079-8531) is a leading international business publication dedicated to delivering in-depth analysis, expert insights, and comprehensive coverage of economic trends, corporate developments, and market dynamics across the Asia-Pacific region and beyond. With a commitment to journalistic integrity and analytical rigor, Asia Business News serves as a trusted source of information for business leaders, policymakers, and investors seeking authoritative perspectives on global commerce, finance, and industry advancements.

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