With 9.0% of CAGR, Allergy Diagnostics and Treatment Market to Gain $10.92 Billion Revenue by 2030 | Business Market Insights

The Allergy Diagnostics and Treatment market crossed the US$ 5.48 billion mark in 2022 and is expected to hit US$ 10.92 billion by 2030, recording a CAGR of 9.0% during the forecast period.

The growing prevalence of allergic disorders demands allergy immunotherapy, a safe and effective treatment against allergens such as pollen, insect molds, animals, and allergic asthma. As per the data of the National Center for Health Statistics survey carried out in 2018, the number of reported respiratory, food, and skin allergies in the past 12 months was 7.1 million, 4.8 million, and 9.2 million, respectively. Thus, the market is expected to witness substantial growth during the forecast period. In 2021, the consumables segment by product type was likely to pace with the rising adoption as the cases of rising allergies and the need for rapid tests involved in diagnosing the allergic conditions.

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The List of TOP KEY PLAYERS in Allergy Diagnostics and Treatment Market Report are -

o bioMerieux
o Thermo Fisher Scientific
o Danaher Corporation
o Stallergenes Greer
o Hitachi Chemical Diagnostics
o Siemens Healthcare
o Omega Diagnostics
o Hycor Biomedical
o Lincoln Diagnostics
o HOB Biotech Group Suzhou Co., Ltd

The report additionally focuses on world major leading industry players of this market providing information like company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. This report focuses on market trends, volume and value, regional level, and company level. This report represents the overall Allergy Diagnostics and Treatment Market Size by analyzing historical information and future prospects till 2030.

The Allergy Diagnostics and Treatment Market 2022 provides a complete assessment of the industry including definitions, classifications, applications, and industry chain structure, which is beneficial for companies regardless of their size and revenue. Allergy Diagnostics and Treatment Market Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. For each manufacturer covered, the clients will find the report complete in all aspects as it covers all key components with valuable statistics and expert opinions in all regards. This section analyses region-wise revenue and volume for the forecast period till 2030.

Scope of the report:

In this report, the market has been segmented on the basis of:

• Diagnostic Tests:
o Skin Prick Test
o Intradermal
o Patch Test
o In Vitro

• Drug Class
o Antihistamines
o Decongestants
o Corticosteroids
o Mast Cell Stabilizers
o Leukotriene Inhibitors
o Nasal Anticholinergics Immunomodulators
o Autoinjectable Epinephrine
o Immunotherapy

• Product Type:
o Instruments
o Consumables
o Services

• Allergen Type:
o Food
o Inhaled
o Drug
o Others

• End User:
o Diagnostic Laboratories
o Hospitals
o Academic Research Institutes

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

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Recent strategic developments in allergy diagnostics and treatment market
The allergy diagnostics and treatment market has undergone several significant developments, and a few of these have been mentioned below:
• In January 2020, Aimmune Therapeutics, Inc. received FDA approval for Palforzia, the first drug for the treatment of peanut allergy in children.
• In August 2018, the United States Food and Drug Administration (USFDA) granted Breakthrough Therapy designation to Xolair to prevent severe allergic reactions caused due to accidental exposure to one or more foods in patients with allergies.

Key Highlights of the Allergy Diagnostics and Treatment Market Research Report:
• The report summarizes the Allergy Diagnostics and Treatment Market by stating the definition, applications, scope, it's price, supply and demand ratio, and market overview.
• Competitive landscape of all leading key players together with their business strategies, approaches, and latest Allergy Diagnostics and Treatment market development.
• It elements market investment, opportunities, growth factors, restraints, and market risks.
• It performs a comprehensive study of emerging players in the Allergy Diagnostics and Treatment business along with the existing ones.
• It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.

Research Objectives:
• To study and analyze the Allergy Diagnostics and Treatment consumption by key regions/countries, product type and application, history information, and forecast during 2022-2030.
• To understand the structure of Allergy Diagnostics and Treatment by identifying its various sub segments.
• Focuses on the key Allergy Diagnostics and Treatment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans within the next few years.
• To analyze Allergy Diagnostics and Treatment with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the expansion of the market.
• To project the consumption of Allergy Diagnostics and Treatment submarkets, with respect to key.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions within the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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