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Global allergy diagnostics and therapeutics market is expected to reach USD 57.31 Billion by 2026 at a CAGR of 6.23% during the forecast period 2019-2026. Rising instances of allergy diseases and growing demand for IVD tests for allergy diagnosis are the two major factors contributing to the growth of the market.
Market Overview:
An allergy is defined as a hypersensitivity disease in the body immune system. Allergy arises when an individual’s immune system reacts to any harmless substances known as allergens. Factors which cause allergy include pet dander, pollen, and dust mite excretion. There are various kinds of allergies such as drug allergy, dust allergy, skin allergy, food allergy, mold allergy and allergy to insect stings. Allergic reactions cause destructive consequences for human wellbeing resulting in huge dreariness due to lung, dermatologic and otolaryngologic issue.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Allergy Diagnostics and Therapeutics Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The allergy diagnostics and therapeutics market is segmented on the basis of products, allergen type, test type, drug class, and end-users.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global allergy diagnostics and therapeutics market with USD 12.99 billion in 2018 where as the Asia Pacific region is growing at the faster rate.
Global Allergy Diagnostics and Therapeutics Market Competitive Analysis:
Key players in the allergy diagnostics and therapeutics market are bioMerieux, Thermo Fisher Scientific, Danaher Corporation, Omega Diagnostics, Hitachi Chemical Diagnostics, Stallergenes Greer, Siemens Healthcare, Lincoln Diagnostics, Hycor Biomedical, HOB Biotech Group and Alcon Laboratories. For instance, in July 2015, Thermo Fisher launched the Phadia 2500E Laboratory System. This product offers better diagnostic solutions by detecting and quantifying the relevant antibodies in blood samples of the patients to identify the possible allergy or autoimmune sensitivity.
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This study forecasts revenue growth and volume at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global allergy diagnostics and therapeutics market on the basis of below-mentioned segments:
Global Allergy Diagnostics and Therapeutics Market, By Products:
Global Allergy Diagnostics and Therapeutics Market, By Allergen Type:
Global Allergy Diagnostics and Therapeutics Market, By Test type:
Global Allergy Diagnostics and Therapeutics Market, By Drug class:
Global Allergy Diagnostics and Therapeutics Market, By End-Users:
Global Allergy Diagnostics and Therapeutics Market, By Regions:
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Thanks for the report. We've been going through it and see some good data on the market and players. –
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