What is Allergy Diagnostics And Treatment Market Scope?
Allergy can be of numerous forms such as asthma, food allergies, rhinitis, conjunctivitis, eczema, urticaria, eosinophilic disorders, drug and insect allergies. The World Allergy Organisation (WAO) assessment of allergy prevalence of the whole population by country ranges between 10 - 40%. Beyond 150 million Europeans suffer from chronic allergic diseases and the current prediction is that by 2025 half of the entire EU population will be affected. The complexity and severity of allergies, especially asthma are on the rise in the young population, who are carrying the largest burden. Rise in the prevalence of allergic diseases and asthma worldwide, especially in developing countries is the main driver for the growth of allergy diagnostics and treatment markets. Urbanization, increase in environmental risk factors such as pollution, smoking, reduced biodiversity are some of the major contributors to the observed upsurge in the prevalence of allergies.
Influencing Trend:
Growing Adoption of Automation for Quicker Turnaround Times and Growth in the Number of Reagent Rental Agreements
Market Growth Drivers:
High Incidence and Large Economic Burden of Allergic Diseases, Rising Environmental Pollution Levels Have Leads to Various Allergies, Increasing Healthcare Expenditure across the Globe and Increasing Access for Allergy Diagnosis Medical Insurance in the United States
Challenges:
Lack of Awareness of Allergic Diseases among the People
Restraints:
Issues Related to the Affordability of Allergy Diagnostics Instruments among Small Laboratories and Physician Clinics
Opportunities:
The Emerging Demand from Asia Pacific Region
The Allergy Diagnostics And Treatment market study is being classified, by Application and major geographies with country level break-up.
Allergy Diagnostics and Treatment market is a fragmented market due to the presence of various players. The players are focusing on developing innovative and new product to improve quality of diagnosis and therapy. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Allergy Diagnostics And Treatment market throughout the predicted period.
Alcon Laboratories, Inc. (Switzerland), BioMerieux, Inc. (France), Danaher Corporation (United States), Hitachi Chemical Diagnostics, Inc. (United States), HOB Biotech Group Co., Ltd (China), Hycor Biomedical, Inc. (United States), Lincoln Diagnostics, Inc. (United States), Omega Diagnostics Plc. (United Kingdom), Siemens Healthcare Diagnostic, Inc. (Germany), Stallergenes Greer, Inc. (United Kingdom) and Thermo Fisher Scientific, Inc. (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Allergy Diagnostics And Treatment market by Type, Application and Region.
On the basis of geography, the market of Allergy Diagnostics And Treatment 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).
Market Influencers and their Development Strategies
In November 2022, Alcon acquired Aerie Pharmaceuticals, Inc. this acquisition helped Alcon to expand its presence in Allergy Diagnostics and Treatment market
In February 2020, Alcon launched Pataday, the Eye Allergy Drop which is approved by the Food and Drug Administration. This launch helped, Alcon to expand its presence in allergy diagnostics and treatment market
On 17 Oct 2019, Stallergenes Greer, a worldwide leader in Allergen Immunotherapy (AIT) and Anergis, a leader in ultra-fast AIT research and development based on Contiguous Overlapping Peptides (COP), announced the start of a new research study to evaluate the effects of second-generation COP allergen immunotherapy in a therapeutic model of birch pollen allergy, with the aim of shortening AIT administration schemes.
Key Target Audience
Allergy Diagnostics & Treatment Test Providers, Allergy Diagnostics & Treatment Medications Manufacturers, Regulatory & Government Bodies, Research Institutes, Research & Consulting Firms, End Users, Downstream Vendors and Others
Allergy Diagnostics And Treatment Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Allergy Diagnostics And Treatment Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Allergy Diagnostics And Treatment industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.