About Latex Allergy
Latex allergy is a results to specific proteins discovered in natural rubber latex, a product made from the rubber tree. The Latex allergy generally grows after repeated exposure to products holding natural rubber latex. As many things made from natural rubber, including shoe soles, elastic bands, rubber gloves, condoms, baby-bottle nipples, and balloons, there are many possible routes of exposure that may trigger a reaction. Individuals with latex allergies may also have or develop allergic reactions to some fruits, such as kiwi, bananas,s, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Latex Allergy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline plc. (United Kingdom), Johnson & Johnson Services, Inc. (United States), Merck & Co., Inc. (United States), Nektar(United States), Novartis AG (Switzerland), Sanofi (France), 3MP(United States), Alcon Vision LLC.( Switzerland) and Rocky Mountain Diagnostics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Par Pharmaceutical (India), Organon Global Inc. (United States), Hikama Pharmaceuticals (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Latex Allergy market by Type (IgE-mediated allergic reaction (Type I), Allergic contact dermatitis (Type IV) and Irritant contact dermatitis), Application (Healthcare workers, Rubber industry and Others) and Region.
On the basis of geography, the market of Latex Allergy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Cause, the sub-segment i.e. Direct contact (latex gloves, condoms and balloons.) will boost the Latex Allergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis Type, the sub-segment i.e. Skin Test will boost the Latex Allergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Type, the sub-segment i.e. Epinephrine Injection will boost the Latex Allergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Symptoms, the sub-segment i.e. Mild symptoms (Itching, Skin redness, Hives, or rash) will boost the Latex Allergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for gloves by medical professionals and the public at large lead to a resurgence in the use of latex gloves
Market Growth Drivers:
Rising demand for latex allergy market, Increasing use of Natural rubber latex gloves and Increasing use of balloons and condoms
Challenges:
The difficulty in managing latex allergy and Increasing use of nitrile or vinyl gloves
Restraints:
The availability of the large number of products worldwide that contain latex and it’s often very difficult for people with latex allergy to perform everyday tasks and live a full, active life
Opportunities:
The outburst of the covid-19 has boosted the number of cases of latex allergy, to the latex allergy generally develops after repeated exposure to medical and consumer products containing natural rubber latex.
Market Leaders and their expansionary development strategies
In January 2024, GSK plc and Aiolos Bio, Inc., announced that they have entered into an agreement under which GSK will acquire Aiolos, a clinical-stage biopharmaceutical company focused on addressing the unmet treatment needs of patients with certain respiratory and inflammatory conditions, for a USD1 billion upfront payment and up to USD 400 million in certain success-based regulatory milestone payments.
In April 2021,The GlaxoSmithKline Pharmaceuticals (GSK Pharma) stock has underperformed the overall pharma market over the last one year on account of lower sales in the anti-infectives category.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Latex Allergy treatment providers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.