Allergy Diagnostic and Treatment Market: In-depth Analysis, Demand Statistics & Competitive Outlook
Stratview Research delivers key insights on the global Allergy Diagnostic and Treatment Market. According to Stratview Research, the market is segmented By Allergy Type (Inhaled Allergens, Food Allergens, Drug Allergens, Other Allergens) Diagnostic Tests (Specific IgE Testing, Patch Testing, Blood Testing, Others), Drug Class (Antihistamines, Decongestants, Corticosteroids, Leukotrienes Inhibitors, Mast Cell inhibitors, Others), End-User (Diagnostic Laboratories, Hospitals, Academic Research Institutes) and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall Allergy Diagnostic and Treatment Market is expected to grow from USD 33.1 billion in 2020 to USD 45.4 billion by 2026 at a CAGR of over 5.5% during the forecast period.
Market Segments' Analysis
Based on end-users, the market has been segmented into diagnostic laboratories, hospitals, and academic research institutes. The hospitals' segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to the presence of established healthcare infrastructure and skilled staff.
Geographically, the market in North America accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to the high demand for advanced allergy diagnostic solutions in the healthcare sector coupled with the presence of key market players such as Danaher Corporation (US) and Lincoln Diagnostics, LLC (US). The market in Asia-Pacific is expected to be driven by rising incidences of allergic diseases in developing countries, particularly China and India.
Key Players
The following are some of the key players in the Allergy Diagnostic and Treatment Market:
· bioMérieux SA (France)
· Danaher Corporation (US)
· Siemens AG (Germany)
· Omega Diagnostics Group (UK)
· R-Biopharm AG (Germany)
· Lincoln Diagnostics, LLC (US)
· Thermo Fisher Scientific (US)
· HOB Biotech Group Corp., Ltd (China)
· Hycor Biomedical (US)
· Stallergenes Greer (UK).
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