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Allergy Diagnostic and Treatment Market Future and Technological Advancement 2026 By Global Key Players Danaher Corporation, GlaxoSmithKline plc, Hitachi Chemical Diagnostics, Inc., Merck & Co., Inc., Omega Diagnostics Group PLC, Siemens Healthcare

11-21-2018 07:43 AM CET | Health & Medicine

Press release from: Coherent Market Insights - Pharmaceutical Industry

Allergy Diagnostic and Treatment Market

Allergy Diagnostic and Treatment Market

Increasing availability of effective treatment options is a major factor fueling growth of the allergy diagnostic and treatment market size. Overall, the billion dollar allergy diagnostic and treatment market revenue is expected to grow at a significant rate over the forecast period (2016–2024). With government taking key measures to improve healthcare facilities, many private players have emerged in the healthcare market to optimize and revolutionize the healthcare industry. These macro healthcare factors are expected to drive growth of various markets in the healthcare sector, most notably allergy diagnostic market.

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Allergy is a form of hypersensitivity medical disorder of the immune system when the system reacts to a foreign substance (allergen). Symptoms of allergy include runny nose, red eyes, itchiness, hives, eczema or more severely an asthma attack. In similar context, allergy diagnostic services are used to identify the type of allergy and accordingly determine treatment regimen of allergic conditions. Moreover, with the amalgamation of advanced technologies in the field of point of care diagnostics, it is expected that the allergy diagnostic and treatment market would experience a significant growth in the near future.

Increasing preventative measure awareness is expected to drive sales of allergy diagnostic and treatment market size.

High incidence of allergic diseases such as allergic rhinitis, asthma, sinusitis, food allergy and other respiratory allergies are expected to boost growth of the allergy diagnostic and treatment market in the near future. For instance, according to the WHO, globally over 300 million patients suffered from asthma in 2013 and are expected to increase to over 400 million by 2025. Moreover, according to statistics provided by the American Academy of Allergy, Asthma & Immunology, globally around 15% of the population are affected by allergic rhinitis. Increasing prevalence of allergies among the global populace is expected to drive growth of the global allergy diagnostic and treatment market outlook. Furthermore, increasing government support for development of novel therapies and vaccines along with high research and development initiatives for development of advanced diagnostic techniques are expected to fuel growth of this market in the near future. Technological advancements in the field of in-vitro diagnostics and increasing focus on retaining superior quality of life are some of the factors that are projected to contribute towards growth of this market over the forecast period. However, high cost of these tests and unavailability of the tests kits are some of the factors that are projected to negatively influence growth of this market.

A Highly Fragmented And Immensely Competitive Market

The market is expected to witness an exponential growth rate due to increasing prevalence of various types of allergies in developed nations such as the U.S, the U.K., France, Canada, and Spain. Some of the major companies in the allergy diagnostic and treatment market are bioMérieux, Danaher Corporation, GlaxoSmithKline plc, Hitachi Chemical Diagnostics, Inc., Merck & Co., Inc., Omega Diagnostics Group PLC, Siemens Healthcare, and Thermo Fisher Scientific, Inc.

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Allergy Diagnostic and Treatment Market Taxonomy:

• Coherent market insights has segmented the market on the basis of
- Allergy Type
- Tests Performed
- Medication
- End Use

• On basis of type of allergy, the allergy diagnostic and treatment market scenario can be segmented as follows:
- Drug Allergy
- Allergic Rhinitis
- Food Allergy
- Skin Allergy
- Insect Allergy
- Sinusitis
- General Allergy

Sinusitis and food allergies are especially prevalent in developed regions.

Drug allergy segment is expected to grow at double digit rate between 2016 and 2024.

• Some of the major diagnostic tests performed for detection of the types of allergy are as follows:
- Specific IgE testing
- Patch testing
- Blood testing
- Others

On the basis of medications, the allergy diagnostic and treatment market is segmented into
- Antihistamines
- Decongestants
- Corticosteroids
- Leukotrienes inhibitors
- Mast cell inhibitors
- Others

Else place an Inquire before Purchase “Global Allergy Diagnostic and Treatment Market Size, Status and Forecast 2026": https://www.coherentmarketinsights.com/insight/talk-to-analyst/8

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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