Allergy Diagnostics Market is estimated to be US$ 15.57 billion by 2032 with a CAGR of 11.3% during the forecast period 2032
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Allergy
Diagnostics Market accounted for US$ 5.3 billion in 2022 and is
estimated to be US$ 15.57 billion by 2032 and is anticipated to register a CAGR
of 11.3%. Allergy occurs when immune system is reacted to foreign substances.
Antibodies are produced by immune system. Food allergy, allergic rhinitis, asthma, hives
and eczema are some common types of allergic diseases. There are various types
of allergies like pollen allergy, pet allergy, food allergy, drug allergy,
latex allergy, insect allergy, mold allergy, etc. Skin allergy, asthma, food
allergy, rhinitis, drug allergy and atopic eczema are most common types of
allergies. Allergies are most common form of chronic diseases. The substance
which causes allergic reactions are called allergens. Vomiting, stomach cramps,
itchy nose, watery eyes, sneezing, hives, rashes, runny nose are some of the
symptoms of an allergic reaction. Allergic symptoms can lasts upto 2 to 4 weeks
with treatment. Oral antihistamines helps in relieving runny or stuffy nose,
itching, watery eyes, etc. Corticosteroid nasal sprays helps in improving nasal
symptoms. Variety of chemical allergens like creams, dyes, skincare products,
causes allergic diseases. Aeroallergens like spores, dust mites and pollens
causes allergic symptoms like rhinitis, skin reactions etc. Food allergens like
eggs, milk, peanuts, tree nuts, fish and genetically modified foods cause
allergic diseases. Allergy increases risk of other medical problems like
Anaphylaxis which is serious allergy induced reaction. Allergies cannot be
cured but allergic symptoms can be controlled by combination of avoidance
measures, medications, and allergen immunotherapy in selected cases. Skin prick
test, blood test are some test for allergy testing. Seasonal allergies if left
untreated cause cough, runny nose, watery eyes and lead to drowsiness.
Antihistamines like Loratadine, Cetrizine, Levocetrizine, Fexofenadine and
Desloratadine are best for allergy. Antihistamines and Adrenaline are main
types of medication used in relieving symptoms of an allergic reaction to food.
Skin allergy is something that cause skin irritation due to immune system which
is reacted to something harmless. Chronic allergies are treated from medical
professionals and mild allergic reactions are can be treated with home
remedies. Increase in allergic diseases has given positive impact on growth of
Allergy Diagnostics Market.
The
report “Allergy Diagnostics Market, By Product (Consumables,
Instrument, and Others), By Allergen (Food Allergens, Inhaled Allergens, Drug
Allergens, and Others), By End-Users (Diagnostic Laboratories, Hospitals,
Research Institutes, and Others) and By Region (North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and
Forecast till 2032”
Key Highlights:
·
In March 2022, Researchers at University of
Bern and Inselspital, Bern University hospital has developed new novel test
that used to simplify diagnosis of allergies and also predict the success of
immunotherapy.
·
In September
2022, Allergenis which is a predictive data analytics company specialized in
detection and management of food allergies has announced new blood test which
delivers highly accurate threshold assay that enhance clinical management for
peanut allergy. Newly developed bead-based epitope assay (BBEA) has able to
identify accurately the cumulative tolerated dose of patients to inform peanut
allergy. This newly developed BBEA blood test has offered clinicians to get
more granular diagnostic information.
Analyst View:
Allergic
disease has been increased due to rapid urbanization which has led to
consumption of unhealthy and poor nutrition food which results in weak immunity
in human being. Industrialization is growing rapidly with urbanization. Industrialization
has caused air pollution due to growth of factories, released chemicals, clouds
of dust, smoke, has posed a major health risk and has given rise in allergic
diseases like asthma, allergic rhinitis, etc. Consumption of fast food,
processed packed food has given rise in prevalence of allergy sufferers.
Advanced diagnostic technologies, establishment of well-developed healthcare
infrastructure and awareness among individual about allergic testing has propel
the growth of Allergy Diagnostics market. As a result,
market competition is intensifying, and both big international corporations and
start-ups are vying to establish position in the market.
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Key Market
Insights from the report:
Allergy
Diagnostics Market accounted for US$ 5.3 billion in 2022 and is
estimated to be US$ 15.57 billion by 2032 and is anticipated to register a CAGR
of 11.3%. The Allergy Diagnostics Market is
segmented based on Product, Allergen, End-Users and Region.
·
Based on
Product, Allergy Diagnostics Market is segmented
into Consumables, Instrument, and others.
·
Based on
Allergen, Allergy Diagnostics Market is segmented
into Food Allergens, Inhaled Allergens, Drug Allergens, and
others.
·
Based on
End-Users, Allergy Diagnostics Market is segmented
into Diagnostic Laboratories, Hospitals, Research Institutes,
and others.
·
By Region, the Allergy
Diagnostics Market is segmented into North America, Europe,
Asia Pacific, Latin America, Middle East & Africa.
Competitive
Landscape & their strategies of Allergy
Diagnostics Market:
The prominent
players operating in the Allergy Diagnostics Market includes, Eurofins
Technologies, Stallergenes SA, PerkinElmer, Thermo Fisher Scientific Inc.,
NEOGEN Corporation, Siemens Healthineers, Omega Diagnostics Group Plc., Lincoln
Diagnostics Inc., Romer Labs Division Holding, HollisterStier Allergy, etc.
The market
provides detailed information regarding the industrial base, productivity,
strengths, manufacturers, and recent trends which will help companies enlarge
the businesses and promote financial growth. Furthermore, the report exhibits
dynamic factors including segments, sub-segments, regional marketplaces,
competition, dominant key players, and market forecasts. In addition, the
market includes recent collaborations, mergers, acquisitions, and partnerships
along with regulatory frameworks across different regions impacting the market
trajectory. Recent technological advances and innovations influencing the
global market are included in the report.
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