Global Allergy Diagnostics And Therapeutics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global allergy diagnostics and therapeutics market accounted 36.2 USD billion in 2020 and is estimated to reach 66.7 USD billion with a 6.30% CAGR during the forecast period.An allergy is a situation when the immune system of the body responds to a foreign substance called allergen. The cause of allergy could be anything a person eats, inhales, touches, or injects into the body. Factors causing allergy include pet dander, pollen, and dust mite excretion. The allergic reactions could result in itchy or red eyes, running nose, scratchy throat, and coughing. In extreme cases, it can cause breathing trouble, low blood pressure, asthma attacks or even death sometimes. The various kinds of allergies include dust allergy, food allergy, skin allergy, and allergy to insect bites.
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Market Dynamics and Factors:
Rapid urbanisation and industrialisation in developed and developing countries leading to alarming levels of pollution and high concentration of greenhouse gases attribute to various kinds of allergies in humans. This is the major factor driving the growth of the allergy diagnostics and therapeutics market across the globe. The WHO also states that approximately 90% of the cities in emerging economies and 55% cities in developed economies fail to comply with the air quality guidelines prescribed by the organisation. Factors such as poor dietary habits and changing lifestyles also lead to allergic conditions, which in turn augments the growth of the allergy diagnostics and therapeutics market. Increasing R&D activities for the development of new and technologically advanced products are expected to create new opportunities for the market to grow in the coming future. However, certain factors like high costs of devices; lack of awareness regarding allergic conditions; and stringent government regulations over the use of allergy diagnostic devices may restrain the growth of the allergy diagnostics and therapeutics market.
Market Segmentation:
Global Allergy Diagnostics And Therapeutics Market – By Product Type
Instruments
Consumables
Services
Global Allergy Diagnostics And Therapeutics Market – By Allergen Type
Food
Inhaled
Drug
Others
Global Allergy Diagnostics And Therapeutics Market – By Test Type
In Vivo Test
In Vitro Test
Global Allergy Diagnostics And Therapeutics Market – By Drug Class
Antihistamines
Decongestants
Corticosteroids
Mast Cell Stabilisers
Leukotriene Inhibitors
Nasal Anticholinergics
Immunomodulators
Immunotherapy
Autoinjectable Epinephrine
Global Allergy Diagnostics And Therapeutics Market – By End-Users
Hospitals
Diagnostic Laboratories
Academic Research Institutes
Others
Global Allergy Diagnostics And Therapeutics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global allergy diagnostics and therapeutics market during the forecast period in terms of market share. Growing incidences of respiratory allergic disorders due to pollution; increasing awareness amongst people regarding allergy diagnosis; and adoption of In vitro blood tests are major factors attributing to the market dominance of the region. For instance, according to World Health Organisation, around 40 million cases of inhaled allergies were reported in the U.S in 2012. Europe is expected to be the second-most dominating market for allergy diagnostics and therapeutics during the forecast period. A well-developed pharmaceutical industry; rising geriatric population; and growing demand for therapeutics across various countries in Europe are the major factors behind the market growth in the region. The Asia Pacific region is anticipated to be the fastest growing market for allergy diagnostics and therapeutics during the forecast period. The growing pharmaceutical industry; improving healthcare infrastructure; and the demand for minimally invasive diagnostic tools are the major factors attributing towards the market growth in the APAC region.
Competitive Scenario:
The key players operating in the global allergy diagnostics and therapeutics market are Siemens Healthcare, Hitachi Chemical Diagnostics, Thermo Fisher Scientific, Hycor Biomedical, Alcon Laboratories, Omega Diagnostics, Lincoln Diagnostics, Hob Biotech Group, Danaher Corporation, Stallergenes Greer.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Allergy Diagnostics And Therapeutics industry, although key threats, opportunities and disruptive technologies that could shape the Global Allergy Diagnostics And Therapeutics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Allergy Diagnostics And Therapeutics Market most.
The data analysis present in the Global Allergy Diagnostics And Therapeutics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Allergy Diagnostics And Therapeutics Market business.
The 2021 Annual Global Allergy Diagnostics And Therapeutics Market offers:
100+ charts exploring and analysing the Global Allergy Diagnostics And Therapeutics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Allergy Diagnostics And Therapeutics Market type
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