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    Allergy Diagnostic And Treatment Market Report

    Allergy Diagnostic And Treatment Market Report
    Report code - SR1574 Delivery - 2 Weeks
    Allergy Diagnostic and Treatment Market Size, Share, Trend, Forecast, & Competitive An See more...

    Market Insights

    The Allergy Diagnostic and Treatment Market is expected to grow from USD 34.98 billion in 2021 to USD 50.74 billion by 2028 at a CAGR of over 5.42% during the forecast period of 2022-2028.

    Allergy Diagnostic and Treatment Market Size

    What is allergy?

    Allergy is defined as a form of hypersensitivity medical disorder of the immune system when the system reacts to an allergen. The common symptoms of allergy include red eyes, runny nose, hives, itchiness, eczema, or more severely an asthma attack. Allergy diagnostic services are used to identify the allergy type and accordingly determine treatment.

    Market Dynamics

    The growth of the global allergy diagnostic and treatment market is primarily driven by an increasing number of people suffering from allergic diseases. The surging demand for in vitro diagnostic blood tests is likely to drive the market growth at a significant rate during the review period. Additionally, rising investment in research and development activities to develop advanced allergy diagnostic solutions is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    COVID-19 Impact on Allergy Diagnostic and Treatment Market

    The covid-19 outbreak posed significant challenges for the healthcare sector across geographies. It impacted the growth of the allergy diagnostic and treatment market negatively as diagnostic procedures other than covid-19 treatment were postponed or declined.

    Allergy Diagnostic and Treatment Market Snapshot

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    Key Players

    Key players operating in the Allergy Diagnostic and Treatment Market are-

    • bioMérieux SA (France)
    • Danaher Corporation (US)
    • Siemens AG (Germany)
    • Omega Diagnostics Group (UK)
    • R-Biopharm AG (Germany)
    • Lincoln Diagnostics, LLC (US)
    • Thermo Fisher Scientific (US)
    • HOB Biotech Group Corp., Ltd (China)
    • Hycor Biomedical (US)
    • Stallergenes Greer (UK).

    Target Audience

    Here is the list of the group of customers that the allergy diagnostic and treatment market hopes to have the greatest opportunity to convert-

    • Allergy diagnostic and treatment manufacturers
    • Allergy diagnostic and treatment suppliers
    • Allergy diagnostic and treatment distributors
    • Organizations
    • Government bodies

    Segment Analysis

    End-User Trends

    Based on end-users, the market has been segmented into diagnostic laboratories, hospitals, and academic research institutes. The hospitals' segment accounted for the largest market share in 2021 and is projected to register significant CAGR during the review period. The segment growth can be attributed to the presence of established healthcare infrastructure and skilled staff.

    Regional Trends

    Geographically, the market in North America accounted for the largest market share in 2021 and is expected to register significant CAGR during the review period. The market growth can be attributed to the high demand for advanced allergy diagnostic solutions in the healthcare sector coupled with the presence of key market players such as Danaher Corporation (US) and Lincoln Diagnostics, LLC (US). The market in Asia-Pacific is expected to be driven by rising incidences of allergic diseases in developing countries, particularly China and India.

    Market Segmentation

    Report Feature

    Market Segmentation

    5

    Regions Covered

    5

    Countries/Subregions Covered

    16

    Figures & Tables

    >120

    Company Profile

    10

     

    The market is segmented in the following ways:

    By Allergy Type

    • Inhaled Allergens
    • Food Allergens
    • Drug Allergens
    • Other Allergens

    By Diagnostic Tests Type

    • Specific IgE Testing
    • Patch Testing
    • Blood Testing
    • Others

    By Drug Class Type

    • Antihistamines
    • Decongestants
    • Corticosteroids
    • Leukotrienes Inhibitors
    • Mast Cell inhibitors
    • Others

    By End-User Type

    • Diagnostic Laboratories
    • Hospitals
    • Academic Research Institutes

    By Region:

    • North America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
    • South America

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The allergy diagnostic and treatment market is expected to witness an impressive growth of 5.42% CAGR in the coming years.

    bioMrieux SA (France), Danaher Corporation (US), Siemens AG (Germany), Omega Diagnostics Group (UK), R-Biopharm AG (Germany), Lincoln Diagnostics, LLC (US), Thermo Fisher Scientific (US), HOB Biotech Group Corp., Ltd (China), Hycor Biomedical (US) and Stallergenes Greer (UK) are among the key players in the allergy diagnostic and treatment market.

    The allergy diagnostic and treatment market size is expected to reach USD 50.74 billion in 2028.

    The hospitals' segment is expected to register significant CAGR in the allergy diagnostic and treatment market in the coming years.

    North America accounted for the largest share in the allergy diagnostic and treatment market in 2021.

    Allergy diagnostic and treatment manufacturers, Allergy diagnostic and treatment suppliers, Allergy diagnostic and treatment distributors, Organizations, Government bodies are the target audience in the allergy diagnostic and treatment market.