Market Research Report
Global Allergy Diagnostics and Therapeutics Market 2022-2028
|Global Allergy Diagnostics and Therapeutics Market 2022-2028|
Published: April 13, 2022
Orion Market Research Pvt Ltd
Content info: 110 Pages
Delivery time: 2-3 business days
Global Allergy Diagnostics and Therapeutics Market Size, Share & Trends Analysis Report, By Product (Instruments and Consumables), By Drug Class (Antihistamines, Decongestants, Corticosteroids, Mast Cell Stabilizers, Leukotriene Inhibitors, Nasal Anticholinergic, Immunomodulators, Auto-Injectable Epinephrine and Immunotherapy), By End-User (Diagnostic Labs, Hospitals and Academic Research Institutions), Forecast, 2022-2028
The global allergy diagnostics and therapeuticsmarket is anticipated to grow at a substantial CAGR of 11.4% during the forecast period. The rising environmental pollution levels such as air pollution, and allergens cause severe respiratory diseases and other diseases.For instance, according to the UN environment program(UNEP), Air pollution is the greatest environmental threat to public health globally and accounts for an estimated 7 million premature deaths every year. Around four million people died in 2019 from exposure to fine particulate outdoor air pollution, with the highest death rates occurring in Asia and Eastern Europe.
The global allergy diagnostics and therapeutics market is segmented based on products, drug class, and end-user. Based on products the market is sub-divided into instruments and consumables. Based on drug class the market is bifurcated into antihistamines, decongestants, corticosteroids, mast cell stabilizers, leukotriene inhibitors, nasal anticholinergic, immunomodulators, auto-injectable epinephrine, and immunotherapy.Based on end-user the marketis sub-segmented into diagnostic labs, hospitals, and academic research institutions. The hospital segment is anticipated to grow at the fastest rate, as hospitals assist the patients to take medical assistance under the observation ofexperienced surgeons.The increasing number of allergic patients along with growing awareness regarding the various benefits and facilities provided in hospitals is considered a prime factor that is supporting the growth of the hospital segment.
Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.North America dominates the market and is expected to continue its presence over the forecast period. The growth can be attributed to the increasing number of food allergy patients and increasing adoption of allergy diagnostics and therapeutics solutions in allergy diagnosis as a result, the demand for allergy diagnostics and therapeutics for determining allergypresence is set to increase over the coming years, which has contributed to the growth of the market in the North America region. For instance, according to FARE peanuts were the most commonly specifically identified food causing anaphylaxis allergy accounting for 26% of the cases.Also common were egg allergies, crustacean allergies (e.g., allergies to shrimp or lobster), and dairy allergies, making up, respectively, 7 %, 6 %, and 5 %
The major companies serving the global allergy diagnostics and therapeuticsmarket are Hitachi Chemical Diagnostics, Inc., HOB Biotech GroupCorp., Ltd., Hycor Biomedical, LLC, Lincoln Diagnostics, Inc., Omega Diagnostics Group PLC,and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020 HYCOR Biomedical and Changsha Haike Biotechnology Co., Ltd. had done registration with Hunan Medical Products Administration (HMPA) for the ALLEOS 2000 allergy testing system.
The market study of the global allergy diagnostics and therapeuticsmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
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