Technological advancements in the healthcare industry coupled with the changing lifestyle and food habits of the major population are influencing the market growth.

Market Size – USD 33.99 Billion in 2018, Market Growth - CAGR of 4.7%, Market Trends – Demand for Allergy Diagnostics and Therapeutics in the healthcare industry.

The global Allergy Diagnostics and Therapeutics market is forecast to reach USD 49.57 Billion by 2026, according to a new report by Reports and Data. This is mainly contributed by the increase in the prevalence of allergies among the population. The technological advancements in the healthcare industry coupled with the changing lifestyle and food habits of the major population will drive the growth of the market. These allergic diseases can occur at almost any age, though some allergies are most likely to develop for the first time in particular age groups, especially in the geriatric population.

Moreover, the increase in the aged population as well as the growing prevalence of respiratory diseases, due to increasing pollution and CO₂ emissions, are some of the other factors that will fuel the growth of the market. However, expensive equipment and the lack of awareness regarding ailments for allergic diseases is projected to restrain the growth of the market.

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Some of the players profiled in the report are

Omega Diagnostics, Thermo Fisher Scientific, Stallergenes Greer, Siemens Healthcare, bioMerieux, Lincoln Diagnostics, Alcon Laboratories, HOB Biotech Group, Hycor Biomedical, and Hitachi Chemical Diagnostics, among others.

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Products Outlook (Revenue, USD Billion; 2018-2026)

• Instruments
• Consumables
• Services

Allergen type Outlook (Revenue, USD Billion; 2018-2026)

• Food
• Inhaled
• Drug

Test type Outlook (Revenue, USD Billion; 2018-2026)

• In Vivo
• In Vitro

Drug class Outlook (Revenue, USD Billion; 2018-2026)

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

End users Outlook (Revenue, USD Billion; 2018-2026)

• Academic Research Institutes
• Hospitals
• Diagnostic Laboratories

 Market Segmentation by Regions:

• North America (U.S.A., Canada)
• Europe (U.K., Italy, Germany, France, Rest of Europe)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Points Covered in the Report:

• Key insights into the latest growth trends, developments, technological and product advancements, and research and development scenario
• Analysis of micro- and macro-economic factors and regulatory framework
• In-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends
• SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the competitive landscape
• Strategic recommendations to established market players and new entrants to overcome limitations and entry-level barriers in the global market landscape
• Analysis of market drivers, restraints, challenges, limitations, threats, growth prospects and opportunities

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About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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