Allergic Diagnostics and Therapeutics Market Trends, Industry Analysis, Size, Share and Forecast 2025

The global allergy diagnostics and therapeutics market are estimated to grow at a CAGR of11.9% during the forecast period. The major factors contributing to the growth of the market include significant incidences of allergic diseases and emerging demand for innovative in-vitro diagnostic equipment. With the growing prevalence of food allergies coupled with sedentary lifestyle habits are leading to increasing demand for diagnostic tools and treatment to diagnose reaction and thereby recommending treatment to the patients.

Get Sample Copy of Allergic Diagnostics and Therapeutics Market at: https://www.omrglobal.com/request-sample/allergy-diagnostics-and-therapeutics-market-size

The major players in the market include Thermo Fisher Scientific, Inc., Danaher Corp., Siemens AG, bioMerieux, SA, PerkinElmer, Inc., Omega Diagnostics Group PLC, and Hitachi Chemical Diagnostics, Inc. Mergers and acquisitions

For instance, as per the Food Allergy Research & Education (FARE), in the US, the treatment of severe food allergy reactions increased by nearly 400% during the period, 2007 to 2016. Additionally, laboratory service costs to diagnose such reactions have also increased over the 10 years, surging by over 5,000%. The number of food allergy reactions that require emergency treatment is increased substantially over the years, with a 377% growth in individually listed medical procedures or claim lines which is associated with anaphylaxis, a severe, life-threatening allergic reaction caused by food. Milk allergy is associated with the highest average costs and services per patient in 2016.

For More Information, get A full report of Allergic Diagnostics and Therapeutics Market is available at: https://www.omrglobal.com/industry-reports/allergy-diagnostics-and-therapeutics-market-size

This accounted for annual charges which surpass $1,000 per year in the US. Allergy to milk is concerned with toddlers and infants, who are usually prescribed a specialized formula to stimulate their growth and nutrition. Blood test and skin test is often recommended to determine the food allergy. This involves taking a blood sample to send to a laboratory for analysis. This, in turn, contributes to the demand for food allergy testing kits across laboratories.

Market Segmentation

Global Allergy Diagnostics and Therapeutics Market by Product

o Instruments
o Consumables

Global Allergy Diagnostics and Therapeutics Market by Drug Class

o Antihistamines
o Decongestants
o Corticosteroids
o Mast Cell Stabilizers
o Leukotriene Inhibitors
o Nasal Anticholinergic
o Immunomodulators
o Auto Injectable Epinephrine
o Immunotherapy

Global Allergy Diagnostics and Therapeutics Market by End-User

o Diagnostic Labs
o Hospitals and Clinics
o Academic Research Institutions

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/allergy-diagnostics-and-therapeutics-market-size

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.