Allergy Diagnostic and Treatment Market would experience a significant growth in the near future – Research Analysis on bioMérieux, Danaher Corporation, GlaxoSmithKline plc and More
Global Allergy Diagnostic and Treatment Market – Insights
Allergy is a condition in which the immune system reacts abnormally to a foreign substance. Itchiness, hives, runny nose, red eyes, and eczema are some of the symptoms of allergy. Moreover, allergy can also lead to asthma attack in severe cases. Sinusitis and food allergies are highly evident in developed regions. Allergy diagnostics aid in recognizing the type of allergy and the required treatment.
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Global Allergy Diagnostic and Treatment Market: Drivers
Advancements in the point-of-care (Poc) diagnostics and in-vitro diagnostics is expected boost growth of the global allergy diagnostic and treatment market over the forecast period. Moreover, increasing availability of effective therapies and initiatives of various governments to develop the healthcare sector is also expected to contribute to growth of the market.
Increasing prevalence of allergic diseases such as allergic rhinitis, asthma, sinusitis, food allergy, and other respiratory allergies is expected to fuel growth of the global allergy diagnostic and treatment market. For instance, according to the World Health Organization (WHO), over 300 million patients suffered from asthma worldwide in 2013 and the number is expected to reach over 400 million by 2025. Moreover, according to the American Academy of Allergy, Asthma & Immunology, around 15% of the world population suffers from allergic rhinitis. Moreover, increasing R&D of novel therapies and vaccines for the treatment of various allergies is expected to boost growth of the global allergy diagnostic and treatment market over the forecast period.
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Global Allergy Diagnostic and Treatment Market: Restraints
High costs associated with allergy diagnostic tests and unavailability of these tests kits in some emerging economies is expected to hinder growth of the global allergy diagnostic and treatment market.
Global Allergy Diagnostic and Treatment Market Taxonomy
The global allergy diagnostic and treatment market is segmented on the basis allergy type, tests performed, medication, end-user, and region
On basis of type of allergy, the global allergy diagnostic and treatment market is segmented into:
- Drug Allergy
- Allergic Rhinitis
- Food Allergy
- Skin Allergy
- Insect Allergy
- General Allergy
On basis of tests performed, the global allergy diagnostic and treatment market is segmented into:
- Specific IgE testing
- Patch testing
- Blood testing
On the basis of medication, the global allergy diagnostic and treatment market is segmented into:
- Leukotrienes inhibitors
- Mast cell inhibitors
On the basis of region, the global allergy diagnostic and treatment market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
The drug allergy segment is expected to witness growth at double-digit rate during the forecast period.
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Global Allergy Diagnostic and Treatment Market: Regional Analysis
North America is expected to hold dominant position in the global allergy diagnostic and treatment market, followed by Europe. This is attributed to high prevalence of allergic diseases in the U.S. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2013, in the U.S., between the periods of 1997 to 2011, food allergies among children increased around 50%. Moreover, according to the European Academy of Allergy and Clinical Immunology (EAACI), over 17 million people in Europe were affected by food allergy in 2015.
Global Allergy Diagnostic and Treatment Market: Competitive Landscape
Major players operating in the global allergy diagnostic and treatment market include GlaxoSmithKline plc., Hitachi Chemical Diagnostics, Inc., bioMérieux, Danaher Corporation, Omega Diagnostics Group PLC, Siemens Healthcare, Merck & Co., Inc., and Thermo Fisher Scientific, Inc.
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- Increasing R&D in the treatment and management of allergies is expected to boost growth of the market. For instance, according to a study by researchers at the Children’s Hospital of Philadelphia, vaginal delivery and breastfeeding may reduce the number of new allergy and asthma cases in children up to the age of 18 years. The study was presented at the American College of Allergy, Asthma & Immunology 2019 Annual Scientific Meeting in Houston, U.S.
- Increasing prevalence of allergies is also expected to contribute to market growth. For instance, according to National Health Service (NHS), in the U.K., a 72% rise was recorded in hospital admissions for children with severe allergic reactions during 2013-14 and 2018-19
- Major governments are focused on implementing stringent laws for reducing the prevalence of allergies. For instance, a law protecting allergy sufferers, ‘Natasha’s law’ will be introduced in England, Wales, and Northern Ireland by the summer of 2021
Table of Content
Global Allergy Diagnostic and Treatment Market Research Report
Section 1: Global Allergy Diagnostic and Treatment Industry Overview
Section 2: Global Economic Impact on Allergy Diagnostic and Treatment Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Manufacturing Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Allergy Diagnostic and Treatment Market Forecast
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