Global Allergy Diagnostics and Therapeutics Market CAGR, Volume and Value 2020-2026
Summary – A new market study, “Global Allergy
Diagnostics and Therapeutics Market Research and Analysis, 2015-2022”has been
featured on WiseGuyReports.
The Global Allergy
Diagnostics and Therapeutics market is anticipated to grow with a CAGR 12.3%
during the forecasted period 2017-2022. Increasing prevalence of the allergic
diseases across the globe is one of the key factors that are augmenting the
growth of the market. Additionally, increasing environmental pollution, rising
health care expenditure, increasing demand of IVD test for treatment of
allergic diseases and development of advanced diagnosis product are boosting
the allergy diagnostics and therapeutics market across the globe.
Allergic
rhinitis affects around 15-30% of the population across the globe. Allergic
diseases are estimated to be the 6th leading cause of chronic diseases in the
US. An estimated 50 million people in America suffer from the allergies every
year. Increasing environmental pollution is also one of the major factors
driving the growth of the market. According to WHO, approximately 90% of the
cities in emerging economies and more than 55% of cities in developed countries
fail to comply with WHO air quality guidelines. Increasing healthcare
expenditure across the globe is also one of the major factors driving the
growth of the global allergy diagnostics and therapeutics market.
However,
there are certain factors that are affecting the growth of the market which
includes stringent government regulations on the use of medical devices, lack
of awareness, and high cost of treatment are the major factors that are
hindering the growth of the market. Except these petty challenges global
allergy diagnostics and therapeutic market is yet to explore its full potential
across the globe. Increasing demand from the emerging economies such as India
and China are developing numerous expansion opportunities for the growth of the
market.
Geographical
Insights
The global
allergy diagnosis and therapeutics market is analyzed on the basis of the
geographically region that are contributing significantly towards the growth of
the market. Market on the basis of the geography is bifurcated into North
America, Europe, Asia Pacific and Rest of the World. North America is estimated
to be the leading region in the global allergy diagnosis and therapeutics
market owing to increasing prevalence of allergic diseases in the region. Allergies
affect about 50 million people in the Unites States every year. Asia Pacific is
estimated to be the fastest growing region during the forecast period due to
rising allergy patients and favorable government policies. Increasing
pharmaceuticals market in Asia and increasing demand from developing countries
such as India and China are driving the growth of the market.
Competitive
Insights
The global
allergy diagnosis and therapeutics market revolves around the market of
multinational players. However, some regional players also contributed
significantly towards the growth of the market. Key players of the market are
Biomérieux, Danaher Corporation, Hitachi Chemical Diagnostics, Inc., Siemens
AG, Thermo Fisher Scientific, Inc, Hob Biotech Group, Hycor Biomedical, Lincoln
Diagnostics, Inc, Omega Diagnostics Group PLC and so on. In order to sustain in
the market, these players adopt different strategies such as merger
acquisitions, product launch and so on. For example, In 2016, Thermofisher
Scientific acquired Field Electrone & Ion(FEI)company in $4.2 billion deal.
MARKET
SEGMENTATION
1. Allergy
diagnostics and therapeutics market by allergens
2. Allergy
diagnostics and therapeutics market by product
3. Allergy
diagnostics and therapeutics market by test
4. Allergy
diagnostics and therapeutics market by drug class
5. Allergy
diagnostics and therapeutics market by end-user
OMR Report
covers:
•
Comprehensive research methodology of Global Allergy Diagnostics and
Therapeutics Market
• This report
also includes detailed and extensive market overview with Analyst insights
& key market trends.
• Exhaustive
analysis of macro and micro factors influencing the market guided by key
recommendations.
• Analysis of
regional regulations and other government policies impacting the Global Allergy
Diagnostics and Therapeutics Market
• Insights
about market determinants which are stimulating the Global Allergy Diagnostics
and Therapeutics Market
• Detailed
and extensive market segments with regional distribution of forecasted revenues.
• Extensive
profiles and recent developments of market players.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/1507734-global-allergy-diagnostics-and-therapeutics-market-research-and-analysis-2015-2022
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