Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 33.5 Billion | USD 70.8 Billion | 8.7% | 2021 |
FrequentlyAsked Questions
Allergy diagnostics refers to the methods and procedures applied to identify the exact allergens triggering a person to experience hypersensitive reactions and diagnose allergic diseases. Skin prick tests (SPT), blood tests, and patch testing are popular allergy diagnostics. Furthermore, allergy therapeutics center on controlling and curing allergic conditions by either immunotherapy or medication, lowering or eradicating symptoms.
The allergy diagnostics and therapeutics market is being driven by several factors, including the rising prevalence of infectious disease, increasing technological advancements, increasing geriatric population, and advancements in testing technology.
According to the report, the global allergy diagnostics and therapeutics market size was worth around USD 33.5 billion in 2023 and is predicted to grow to around USD 70.8 billion by 2032.
The global allergy diagnostics and therapeutics market is expected to grow at a CAGR of 8.7% during the forecast period.
The global allergy diagnostics and therapeutics market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing prevalence of infectious diseases and the aging population.
The global allergy diagnostics and therapeutics market is dominated by players like R-Biopharm AG, Thermo Fisher Scientific, Inc., DASIT Group SPA, EUROIMMUN Medizinische Labordiagnostika AG (PerkinElmer, Inc.), AESKU.GROUP GmbH, bioMérieux, Siemens Healthcare GmbH, Stallergenes Greer, HYCOR Biomedical, Minaris Medical America, Inc., Omega Diagnostics Group PLC, Lincoln Diagnostics, Inc., HOB, Biotech Group Corp., Ltd., Danaher, Alcon, AbbVie, Inc., Sanofi, Allergy Therapeutics, Pfizer, Inc., Teva Pharmaceutical Industries Ltd. and GSK plc among others.
The allergy diagnostics and therapeutics market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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