iCrowdNewswire Feb 24, 2021 2:07 AM ET
Wiseguyreports.Com Adds “Global Markets for Allergy Diagnostics and Treatments” To Its Research Database
Allergy is a type of immune system clinical hypersensitivity disorder when the body reacts to a foreign (allergen) material. Allergy symptoms include runny nose, red eyes, itchiness, hives, eczema, or an asthma attack more severe. Allergy testing systems are used in similar contexts to identify types of allergy and to assess the treatment regimen for allergic conditions accordingly. In addition, with the amalgamation of advanced technology in the field of Allergy Diagnostics and Treatments, it is expected that in the near future the demand for diagnosis and treatment of allergies will experience significant growth.
Increasing the number of effective treatment options is a key driver of growth in the market for clinical allergy and care. Overall, over the forecast period of 8 years, the trillion-dollar diagnostic and treatment industry revenue are expected to grow at a significant rate. Despite the government taking crucial steps to improve healthcare facilities, several private players emerged to transform and revolutionize the healthcare industry in the healthcare market. It is predicted that these macro healthcare factors will drive the growth of numerous healthcare sector markets, most notably the Allergy Diagnostics and Treatments Market.
In the near future, high incidence of allergic diseases such as allergic rhinitis, asthma, sinusitis, food allergy, and other respiratory allergies is projected to boost growth in the demand for Allergy Diagnostics and Treatments Market. According to WHO, in 2013 over 300 million people worldwide suffered from asthma and this is expected to increase to over 400 million by 2025. It is anticipated that the increasing prevalence of allergies among the global population will drive growth in the global market outlook for diagnosis of allergy and treatment. In addition, growing government support for the development of new drugs and vaccines along with high-level research and development programs to develop innovative diagnostic techniques is expected to accelerate the growth of the market for Allergy Diagnostics and Treatments in the near future.
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For Allergy Diagnostics and Treatments market, the category of goods covers, tools, consumables, and services. Consumables led the overall market in 2018 as an essential component in the identification of allergies. Technological advances, such as allergen microarray kits, are expected to push the segment forward; they are more responsive and provide individualized patient identification and monitoring. The market is classified into meat, inhaled, medication, and others based on the type of allergens. Due to increased incidences of respiratory allergies and asthma worldwide, inhaled allergen has been at the top of the global allergy diagnostics and therapeutics market in 2018.
Based on geography, the international Allergy Diagnostics and Treatments Market was divided into four major regions, including North America: the United States & Canada, Asia-Pacific: China, India, Japan, Australia & New Zealand & Rest of APAC, Europe: the United Kingdom, France, Germany, Russia & Rest of Europe and Rest of the World: Latin America & Middle East and Africa. Due to the increasing competition from generics in the oral antihistamines and intranasal corticosteroid divisions, the North American market for Allergy Diagnostics and Treatments is expected to hold the largest share by 2026. Nevertheless, there are also opportunities in emerging markets to broaden the immunotherapy field.
Developing regions such as India, China, both in terms of severity and prevalence, have been on an uprising trend. Such allergic disorders include, and many more, asthma, rhinitis, anaphylaxis, allergy to medications, meat and insects. Approx. at least one of these allergic diseases in India affects 20% to 30% of the total population, with 20% to 30% of the population suffering from allergic rhinitis and 15% developing asthma. As a result, rising allergy cases are driving the Indian allergy diagnosis and treatment industry.
Profiles of major players in the industry
Alcon Laboratories Inc.
Allergy Laboratories Inc.
Amedra Pharmaceuticals Llc
Ani Biotech Oy
Diagnostic Automation/Cortez Diagnostics Inc.
Ferndale Pharma Group (Ferndale Healthcare)
First Diagnostic Llc
Greer Laboratories Inc.
Hal Allergy Group
Hitachi Chemical Diagnostics Inc.
Hycor Biomedical Inc.
Jubilant Hollisterstier Allergy
Kyowa Hakko Kirin Pharma Inc.
Laboratory Corporation Of America Holdings
Lincoln Diagnostics Inc.
Pierre Fabre Medicament
Sandoz International Gmbh
Taro Pharmaceutical Industries
Terumo Medical Corporation
Thermo Fisher Diagnostics
Ucb Pharma Ltd.
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